SOURCE: Effective Control Transport, Inc.

May 13, 2008 10:30 ET

Effective Control Transport Reports Fourth Quarter and Fiscal Year 2008 Results

LONGUEUIL, QC--(Marketwire - May 13, 2008) - Effective Control Transport, Inc. (PINKSHEETS: EFFC) (www.econtroltransport.com), a software company which specializes in technology that monitors a driver's vigilance, today announced financial results for the fourth quarter and fiscal year ended April 30, 2008.

Revenues for the quarter ended April 30, 2008 were $730,000. Sequentially, revenue rose 76% or $315,000 as compared to $415,000 of revenue in the third quarter. The increase in revenue is attributed to continued sales and marketing efforts and market penetration with new corporate clients.

Revenues for the year ended April 30, 2008 were $2.2 million. Gross profit was $2,108,650 and net profit was $524,241.

The company currently has 135,112,079 shares outstanding and 64,706,478 shares in the float.

Raphael Huppe, CEO of ECT, stated, "We are pleased with the increase in revenue and the continued penetration into new clients and markets. We are confident that the trajectory seen in 2007 and in the first quarter of 2008 will continue, and we anticipate a breakthrough year in 2008 that would result in Effective Control Transport becoming cash-flow positive from operations."

"As we focus on establishing CRAM™ as a leading method for safe driving, I and the team are working with car manufacturers and a number of organizations that can assist us in making CRAM™ a standard in all motor vehicles," concluded Mr. Huppe.

Cognitive Resources Availability Manager, CRAM™, is a system that detects an operator's loss of awareness due to fatigue or from performing multiple activities at the same time, for example, driving while on a cell phone. The CRAM™ can be used in any form of transportation equipment, including cars, trucks, plans, trains, or marine vessels, as well as used in monitoring environments, such as air traffic control towers.

Once lower levels of alertness are detected, the operator as well as a preselected person or department which is monitoring the CRAM™ system's "real time" data is notified that they need to plan for a rest or reduce the amount of tasks being performed at the same time. The advantage of being informed at the early stages of fatigue or the onset of a lowered awareness state is that it allows the operator enough time to find a safe place to stop and rest, be replaced by someone less fatigued or refocus on the primary task at hand.

By placing a series of optical sensors in front of the operator, the CRAM™ software collects and processes the data needed to determine their level of alertness.

There are three levels of alertness which are monitored by the CRAM™ software and generate statuses and/or warnings:

--  The first is the full alertness level which means that the operator
    has full alertness and is operating his motor vehicle, plane, train or
    marine vessel safely.
    
--  The second stage is the reduced alertness level which is where the
    operator is now operating in a lowered awareness state.  Fatigue is
    starting to become an issue and a plan to rest or be replaced needs to be
    initiated.  If multitasking is the issue, they need to discontinue the
    distracting actions and refocus on the task at hand.
    
--  The final and most dangerous stage is the non-operational level; here
    the operator is technically asleep even if their eyes could still be open.
    The operator must immediately pull over or be replaced with a more vigilant
    counterpart.
    

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