SOURCE: Effective Control Transport, Inc.

March 24, 2008 14:53 ET

Effective Control Transport Reports Financial and Operating Results

LONGUEUIL, QC--(Marketwire - March 24, 2008) - Effective Control Transport, Inc. (PINKSHEETS: EFFC) (www.econtroltransport.com), a leading provider of global telematics, location-based solutions which specializes in technology that monitors a drivers vigilance, today announced financial results for the nine-months ended January 31, 2008.

Review of Operating Results for the nine-months ended January 31, 2008

--  Revenues were $1,466,351
--  Gross profit was $1,424,650
--  Net Profit was $90,241
    

Expenses for the nine months ended January 31, 2008 were $1,334,409, which included $631,590 for professional fees, mostly attributed to legal costs associated with the Biocognisafe legal proceedings.

The Company expects to issue and make available its balance sheet in April. Certain tangible and intangible assets must be recognized as part of the cancelled Argo acquisition.

Raphael Huppe, CEO of ECT, stated, "We are very pleased to provide the investment community with additional financial and operating results for the nine-months ended January. As we aggressively transition to a software licensing and service integration model, we expect our expenses to be inline with our sales numbers which will provide improved bottom line results and build shareholder value. Our sales and marketing efforts continue to focus on large trucking fleets that can integrate the FOLO suite of products, which allows for effective monitoring of a driver, into their infrastructure. I would also like to point out that the software licensing and service integration model is marketable and available more easily and is more cost effective to trucking companies."

About Us

Effective Control Transport is an information technology firm that has developed fully integrated solutions for trucking and fleet management along with the highest level of technical expertise which enables it to service a wide range of customers, providing tailored solutions.

For additional information visit www.econtroltransport.com

All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.

A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.

Contact Information

  • Contact:
    Investor Relations
    Andrew Barwicki
    516-662-9461