Imperus Technologies Corp.
TSX VENTURE : LAB
FRANKFURT : ISX

Imperus Technologies Corp.

June 02, 2015 08:15 ET

Imperus Reports Record Two Month Gaming Revenue of $3.9M

Company ends Quarter with $9.485M cash and cash equivalents

TORONTO, ONTARIO--(Marketwired - June 2, 2015) - Imperus Technologies Corp. ("Imperus" or the "Company") (TSX VENTURE:LAB)(FRANKFURT:ISX)(FRANKFURT WKN:A12B58) advises that it has filed its interim financial and operating results for the three-month quarter ended March 31, 2015 ("Q1-2015") on SEDAR at www.sedar.com and on the Imperus Technologies Corp. website at www.Imperus.com.

First Quarter Results Include:

  • Gaming revenue of $3,896,453 (~$3.98M total revenue), which represents Imperus's best quarter ever
  • Vast majority of revenue generated from only 2 months of operations (from Jan 30, 2015 to March 31, 2015)
  • Net comprehensive loss for the quarter of $2.83M with aggregate expenses of $2.73M in interest, accretion, change in value of long term debt, amortization, depreciation and income taxes
  • Ends quarter with $9.485M cash and cash equivalents

"We are very pleased with results of our DIWIP acquisition, and it is reflected in our strong revenue growth profile," said Daniel Kajouie, CEO and President of Imperus. "Moving forward, financials will reflect a full three months of revenue, rather than two, and not incur the one-time charges related the DIWIP transaction. We look forward to building on the positive momentum of the revenue DIWIP suite of games are providing while integrating them into our mobile platforms to capture more users, and create additional revenue streams."

All selected and referenced financial information should be read in conjunction with the Company's unaudited interim consolidated financial statements and related management's discussion and analysis for the Q1-2015 period which are posted on SEDAR.

About Imperus

Imperus Technologies Corp., the parent company of Diwip, is a developer of social and mobile gaming for PC, Mac, iOS and Android platforms. Diwip designs, develops and distributes its top ranked social casino-themed games within online social networks (such as Facebook) and mobile platforms (such as Android or iPhone). All of Diwip's games are free to play and generate revenue primarily through the in-game sale of virtual coins.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Caution Regarding Forward-Looking Information:

Certain statements in this press release may constitute "forward looking statements" which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. When used in this press release, such statements may use such words as "may", "will", "expect", "believe", "plan" and other similar terminology. These statements include, but are not limited o, the financial results of Imperus, the revenues earned by Imperus and future financial results of Imperus. These statements reflect management's current expectations regarding future events and operating performance and speak only as of the date of this press release. The forward looking statements involve a number of risks and uncertainties. These risks and uncertainties include, but are not limited to, the ability of the company to finance the Acquisition and enter into definitive documentation, regulatory requirements, general economic, market or business conditions and future developments in the sectors of the economy in which the business of Imperus or the Acquisition target operates. The foregoing list of factors is not exhaustive. Please see the Company's short form prospectus dated March 27, 2015, the Company's Annual Information Form dated December 6, 2014 and other documents available on www.sedar.com, for a more detailed description of the risk factors. The Company undertakes no obligation to update publicly or revise any forward looking statements, whether a result of new information, future results or otherwise, except as required by law.

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