FMX Ventures Inc. formerly Footmaxx Holdings Inc.

FMX Ventures Inc. formerly Footmaxx Holdings Inc.

August 25, 2006 08:30 ET

Footmaxx Holdings Inc.: Second Quarter Statements and MD&A for 2006

TORONTO, ONTARIO--(CCNMatthews - Aug. 25, 2006) - Footmaxx Holdings Inc., ("Footmaxx")(TSX VENTURE:FMX), a leading orthorpaedic and diagnostic company announces that:

Footmaxx first half revenue increases by 10%, EBITDA by 25%

During the first six months of 2006 the Company continued to build momentum on the widespread acceptance of its new and expanded product lines. As a result, revenue for the first six months of 2006 increased $618,025, from $6,174,846 in 2005 to $6,792,871 in 2006. EBITDA increased $187,351 from $736,389 in 2005 to $923,740 in 2006. Net loss for the first six months of 2006 was $62,125, an improvement of $225,469 from the $287,594 net loss incurred for the same period of 2005. Revenue for the second quarter of 2006 was $3,448,688, 1.7% improvement over prior year revenues of $3,389,671. EBITDA for the second quarter decreased by $42,828, from $550,249 in 2005 to $507,421 in 2006. Net income decreased from $43,824 for the second quarter of 2005 to $16,599 in 2006.

Non-GAAP Measures

In the Management Discussion and Analysis, and elsewhere, measures such as earnings before interest, taxes, depreciation and amortization (EBITDA) and other terms that are used are not defined by generally accepted accounting principles ("GAAP"). The use of these terms may not be consistent with the way these terms are used by others. Where possible, in particular for EBITDA, tables and other information are provided that enables readers to reconcile between such non-GAAP measures and standard GAAP measures. While these measures are not defined by or required by GAAP, this information is provided to readers to help them better understand significant measures.

Forward-looking Statements

This release may contain projections and other forward-looking statements regarding future events. Such statements are predications involving known and unknown risks, uncertainties and other factors that may cause the actual events or results to be materially different. Although the Company believes that the forward-looking statements contained herein are reasonable, it can give no assurance that the Company's expectations are correct. For information concerning factors affecting the Company's business, the reader is referred to the documents that the Company files from time to time with applicable Canadian securities and regulatory authorities.

Footmaxx produces and globally markets high quality, state-of-the-art orthopaedic devices and products. Footmaxx's diagnostic system and proprietary software provides detailed information which enable clinicians to further evaluate patients for certain for knee, hip, lower back and bio-mechanical problems. For more information on Footmaxx visit:

Number of Common Shares issued to date -41,131,205

Contact Information