Imperus Reports Revenue of $5.9 Million and Adjusted Ebitda of $1.8 Million for the Third Quarter of 2015

TORONTO, ONTARIO--(Marketwired - Nov. 30, 2015) - Imperus Technologies Corp. ("Imperus" or the "Company") (TSX VENTURE:LAB)(FRANKFURT:ISX)(FRANKFURT WKN:A12B58) reports its financial results for the third quarter of 2015 (the three month period ended September 30, 2015).

HIGHLIGHTS

•	Diwip Ltd. ("Diwip") generated revenue of $5.90 million and $17.49 million on a stand -alone basis for the three and nine months ended September 30, 2015 respectively and adjusted EBITDA of $2.82 million and $5.78 million respectively (see Non-IFRS measures). As Imperus acquired Diwip on January 30, 2015, Diwip's January 2015 results are not consolidated into the Imperus financial statements.
•	Adjusted EBITDA for the Company for the three and nine months ended September 30, 2015 was $1.82 million and $2.67 million respectively compared to $0.23 million and $0.73 million for the three and six month ended June 30, 2015 (see Non-IFRS measures).
•	The Company substantially grew its Adjusted EBITDA growth in Q3 2015 through:
	•	Its strategic decision to focus on its consumer offering in the social casino market and exit business lines which are non-core to the social casino opportunity;
	•	Beginning a comprehensive initiative at Diwip to use predictive analytics and customer segmentation to improve retention and grow customer value while reducing inefficient marketing spending
•	The quarter also saw the launch of the Company's "Best Vegas Slots" game on both Canvas and Mobile, with promising initial results.

Selected Highlights include

		For the Three Months Ended September 30,			For the Nine Months Ended September 30,
		2015	2014		2015	2014
REVENUE
		5,895,826	22,840		15,700,948	67,422
EXPENSES
	Commissions	1,808,313	-		4,712,776	-
	Advertising and marketing	284,774	246,165		3,189,823	816,088
	Salaries and benefits	1,058,423	124,972		2,569,684	272,898
	Professional fees	211,640	338,922		579,168	474,947
	Subcontractors	216,691	298,949		731,569	1,055,029
	General and administration	261,326	53,890		837,896	164,675
	Regulatory fees and investor relations	11,729	30,256		89,130	87,605
	Travel and accommodation	225,248	79,709		325,784	248,378
		4,078,144	1,172,863		13,035,830	3,119,620
Adjusted EBTIDA	see non IFRS measures	1,817,682	(1,150,023	)	2,665,118	(3,052,198	)

Subsequent Events - Akamon Acquisition

• Subsequent to the end of the third quarter, the Company completed its acquisition of the issued and outstanding shares of Akamon Entertainment Millennium, S.L. ("Akamon"), a leading developer and operator of social casino games in the Spanish and Latin American markets.
• Akamon, a leading developer and operator of social casino games in the Spanish and Latin American markets, grew its unaudited adjusted EBITDA in Q3 2015 to approximately $1.1 million, an increase of 35% over the same quarter in the prior year. Its Q3 results are consistent with its strong historical track record of year-over-year growth.
• All key management of Akamon have been retained by the Company.
• With the completion of the Akamon acquisition, the Company will focus on synergies between Diwip and Akamon which include applying Akamon's leading customer relationship management and player management methodologies to the Diwip player base, and rich cross-selling opportunities that will be created through a vastly expanded base of players and game library.

James Lanthier, President and Chief Executive Officer of Imperus commented: "Imperus made demonstrable progress in the third quarter. We have substantially grown our operating profit. Additionally, closing the transformative Akamon acquisition allows us to continue to improve our operations by leveraging each business's strengths across our combined group. We intend to continue to execute diligently on our goal of building a leading, profitable social casino business."

Imperus Q3 results can be found on its website (www.imperus.com) or SEDAR. Management will host a conference call to discuss the Q3 results, and as well the company's current status and strategy moving forward on Tuesday December 1 at 8:30am EST. Details of the conference call can be found at the bottom of this press release.

Investor Call

To participate in the conference call, shareholders and interested parties should dial (866) 393-4306 (international/local participants dial (734) 385-2616) about 10 to 15 minutes prior to 8:30 a.m. EST on Tuesday, December 1, 2015.

Financial Results and Non-IFRS Measures

Imperus has not audited the financial results of Diwip or audited or reviewed the financial results of Akamon. The Company has included certain Non-IFRS performance measures, namely EBITDA and adjusted EBITDA and working capital, within this document. The Company believes that, in addition to conventional measures prepared in accordance with IFRS, we and certain investors use this information to evaluate the Company's performance and ability to generate cash, profits and meet financial commitments. These Non-IFRS measures are intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS.

EBITDA is defined as "Earnings Before Interest, Tax, Depreciation and Amortization". Adjusted EBITDA takes into consideration unusual expenses that do not reflect operations. EBITDA does not include the discontinued operations of Vast and Tech Channel. The following tables provide a reconciliation to Operating Loss on the Statements of Consolidated Income/(Loss) and Comprehensive Income/(Loss) for the three, six and nine months ended September 30, 2015 and June 30, 2014 as reported in our condensed interim consolidated financial statements.

Adjusted EBITDA - Consolidated

		For the Three Months Ended						For the Nine Months Ended
		September 30, 2015			September 30, 2014			September 30, 2015			September 30, 2014
Operating loss		$	(1,320,760	)	$	(1,361,792	)	$	(4,744,023	)	$	(3,882,889	)
Add back:
	Due diligence and transaction costs		1,722,747			-			3,142,738			-
	Restructure and severance		730,200			-			810,700			-
	Depreciation of equipment		1,016			5,563			38,353			7,588
	Amortization of intangibles		145,747			141,926			435,220			387,131
	Stock-based compensation		538,732			64,280			2,982,130			435,972
Adjusted EBITDA		$	1,817,682		$	(1,150,023	)	$	2,665,118		$	(3,052,198	)

		For the Three Months Ended						For the Six Months Ended
		June 30, 2015			June 30, 2014			June 30, 2015			June 30, 2014
Operating loss		$	(3,481,561	)	$	(1,437,670	)	$	(3,949,715	)	$	(2,718,016	)
Add back:
	Due diligence and transaction costs		1,017,669			-			1,419,991			-
	Depreciation of equipment		33,216			3,201			50,166			6,391
	Amortization of intangibles		151,579			128,806			289,473			245,205
	Stock-based compensation		2,428,881			112,999			2,443,398			371,692
	Vast subsidiary operations		(49,261	)		-			189,504			-
	TechChannel subsidiary operations		135,039			135,027			284,943			261,412
Adjusted EBITDA		$	235,562		$	(1,057,637	)	$	727,760		$	(1,833,316	)

Adjusted EBITDA - Diwip stand alone

		For the Three Months Ended						For the Nine Months Ended
		September 30, 2015			September 30, 2014			September 30, 2015			September 30, 2014
Operating loss		$	(1,320,760	)	$	(1,361,792	)	$	(4,744,023	)	$	(3,882,889	)
Add back:
	Due diligence and transaction costs		1,722,747			-			3,142,738			-
	Restructure and severance		730,200			-			810,700			-
	Depreciation of equipment		1,016			5,563			38,353			7,588
	Amortization of intangibles		145,747			141,926			435,220			387,131
	Stock-based compensation		538,732			64,280			2,982,130			435,972
	Non Diwip operating expenses		1,003,124			1,150,023			2,661,919			3,052,198
	January EBITDA		-			-			450,162			-
Adjusted EBITDA		$	2,820,806		$	-		$	5,777,199		$	-

About Imperus

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

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 to, statements with respect to the future business and operations of the Company and the financial results of the Company and its subsidiaries. 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, general economic, market or business conditions and future developments in the sectors of the economy in which the business of Imperus or Akamon operate. 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 November 11, 2015 and other documents available under the Company's profile 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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