SOURCE: GENESYS

September 26, 2007 01:00 ET

GENESYS : Genesys Conferencing 2007 Revenue and EBITDA targets

MONTPELLIER, FRANCE--(Marketwire - September 26, 2007) - Genesys Conferencing 2007 Revenue and EBITDA1 targets

Vienna, Virginia, and Montpellier, France - September 26, 2007 - Genesys Conferencing

(Euronext Eurolist: FR0004270270), a global multimedia collaboration service leader, today announced targets for full-year 2007 revenue and EBITDA1, before stock based compensation. Further, the company outlined additional information related to its improved liquidity and existing debt structure. All company results are reported under International Financial Reporting Standards (IFRS).

Outlook

The following contains forward-looking information regarding Genesys Conferencing's financial outlook, based on current expectations and on the current value of the U.S. dollar to the euro. Actual results may differ materially and the company may not update any forward-looking statements made in this press release.

Based on the strong adoption of Genesys Meeting Center services during the first six months of 2007, the company increased its revenue target for the full-year 2007 from an initial range of 138 million euros to 142 million euros to a new range of 143 million euros to 145 million euros.

The company also announced its target for 2007 EBITDA, before stock based compensation, to be 21 million euros to 23 million euros. The company notes that this targeted EBITDA range takes into consideration typical seasonality of third and fourth quarter operating performance and the 0.8 million euros of restructuring charges recorded in the first-half of 2007.

Liquidity & Debt Structure

As previously reported, the company's net cash position2 as of June 30, 2007 was 10.0 million euros and over the past several quarters cash flow from operations has consistently grown. On October 31, 2007, the company is scheduled to make a principal repayment of approximately 8.5 million euros3.

Additionally, the Company has executed an amendment to its existing credit facility. Among other changes, under this amendment a previously scheduled April 30, 2008 principal repayment of approximately 7.4 million euros3 has been deferred to maturity on October 31, 2008. As a result, following the October 2007 scheduled principal repayment, the company's remaining debt outstanding under its existing credit facility will be approximately 18.5 million euros3 and all due on October 31, 2008.

"Our 2007 financial position continues to strengthen. Cash flow from operations is growing and total leverage, at less than one times total net debt to targeted 2007 EBITDA, is at its lowest level in the past five years. We are pleased with our current and expected liquidity position. We further believe the greater flexibility gained through our deferred repayment schedule that will enable us to take advantage of our improved financial position despite the recent turmoil in the credit capital markets," stated Andrew Lazarus, Executive Vice President and Chief Financial Officer.

Amendment

On September 7, 2007, Genesys and its lenders entered into a further amendment of the company's existing credit facility. This amendment primarily sets out the restructuring of scheduled principal repayments. In addition, the amendment of the company's existing credit facility modifies the current financial covenants in order to increase overall flexibility through maturity as further described in the financial report published by the company today.

Scheduled principal repayments were modified as follow:

+-----------------+--------------------+--------------------+
|                 |Principal           |                    |
|                 |                    |                    |
|                 |                    |                    |
|                 |                    |                    |
+-----------------+--------------------+--------------------+
|  (in millions)  |Repayments as of    |                    |
|                 |January 2006        |                    |
|                 |amendment           |                    |
+-----------------+--------------------+--------------------+
|                 |        U.S. dollars| Converted to euros3|
+-----------------+--------------------+--------------------+
|  31 October 2007|                11.5|                 8.5|
+-----------------+--------------------+--------------------+
|  30 April 2008  |                10.0|                 7.4|
+-----------------+--------------------+--------------------+
|  31 October 2008|                15.0|                11.1|
+-----------------+--------------------+--------------------+
|  Total          |                36.5|                27.0|
+-----------------+--------------------+--------------------+

+-----------------+--------------------+--------------------+
|                 |Principal Repayments|                    |
|                 |as rescheduled by   |                    |
|                 |September 2007      |                    |
|                 |amendment           |                    |
+-----------------+--------------------+--------------------+
|  (in millions)  |                    |                    |
|                 |                    |                    |
|                 |                    |                    |
+-----------------+--------------------+--------------------+
|                 |        U.S. dollars| Converted to euros3|
+-----------------+--------------------+--------------------+
|  31 October 2007|                11.5|                 8.5|
+-----------------+--------------------+--------------------+
|  30 April 2008  |                   -|                   -|
+-----------------+--------------------+--------------------+
|  31 October 2008|                25.0|                18.5|
+-----------------+--------------------+--------------------+
|  Total          |                36.5|                27.0|
+-----------------+--------------------+--------------------+
The amendment sets out that Genesys will pay an additional 1.0% interest per-year for each of its previously set margin rates as of November 1, 2007 and as of May 1, 2008.

The amendment also eliminates any reassessment circumstance covenants that if not removed may have resulted in the need for the company to execute a refinancing of all remaining principal amounts prior to the facility's maturity on October 31, 2008.

Further, the amendment of the credit facility also specifies that its financial covenant ratios will now be measured under IFRS as compared to the original precedent of U.S. GAAP.

A complete description of the amendment is available in the company's June 30, 2007 midyear financial report.Upcoming Events

- Paris SFAF meeting, today, Wednesday, September 26, 2007.

- Report of third quarter 2007 financial results on Wednesday, November 14, 2007.

_____________

[1] The company believes that EBITDA is a meaningful measure of performance, because it presents the company's results of operations without the non-cash impact of depreciation and amortization. EBITDA is reported excluding stock-based compensation expense.

2 Net cash includes cash and cash equivalents less bank overdrafts.

3 Conversion of U.S. dollars to euros is based on rates applicable for June 30, 2007 reported financial results.

Impact of Exchange Rates

The company serves large enterprises on a worldwide basis. As a result, it has extensive international operations and, thus, significant exposure to exchange rate fluctuations, in particular those of the U.S. dollar. In 2006, and continuing through the second quarter of 2007, the U.S. dollar has fluctuated compared to the euro. As a result, the comparability of the company's revenues and results of operations expressed in euros were affected. Targets

According to the AMF regulations in use, targets may not be considered as forecasts. Net income may not be estimated on the basis of the above mentioned EBITDA and on the basis of non-cash expenses previously recorded.

DisclaimerThis press release may contain some statements that constitute forward-looking statements. Forward-looking statements are statements other than historical information or statements of current condition. They may appear in a number of places in this press release and include statements concerning Genesys Conferencing's intent, belief or current expectations regarding future events and trends affecting Genesys Conferencing's financial condition or results of operations. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ materially from those in the forward-looking statements as a result of various factors. Some of these factors are described in paragraph 4.5 of the Document de Référence, filed with the Autorité des marchés financiers under number D.07-551 on June 5, 2007. Although Genesys Conferencing's management believe that their expectations are reasonable based on information currently available to them, they cannot assure you that the expectations will prove to have been correct. Accordingly, you should not place undue reliance on these statements. In any event, these statements speak only as of the date of this press release. Except to the extent required by law, Genesys Conferencing undertakes no obligation to revise or update any of them to reflect events or circumstances after the date of this press release, or to reflect new information or the occurrence of unanticipated events.

Genesys Conferencing--Connecting the World for 20 Years

Founded in 1986, Genesys is a leading provider of unified collaboration and communication services to thousands of organizations worldwide, including more than half of the Fortune Global 500. The company's flagship product, Genesys Meeting Center, provides an integrated multimedia collaboration solution that is easy to use and available on demand. With offices in more than 20 countries across North America, Europe and Asia Pacific, the company offers an unmatched global presence and strong local support. Genesys Conferencing is publicly traded on Euronext Eurolist C in France (FR0004270270). Additional information is available at www.genesys.com

At Genesys Conferencing

Andrew G. Lazarus

Executive Vice President, Chief Financial Officer

Phone: +1 703-749-2500

andrew.lazarus@genesys.com

Investor Relations

Phone: + 33 4 99 13 25 87

Juliette.derym@genesys.com

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