SOURCE: iPerceptions Inc.

November 29, 2007 09:50 ET

iPerceptions Announces a Significant Increase in Revenues for the Third Quarter of 2007

Online Customer Satisfaction and Experience Metrics Provider Adds Top Brands Such as SAP America, Network Appliance, Mazda Canada, Best Western, Intuit and Borland and Renews Annual Contracts With High Profile Clients Such as Wyndham Worldwide, Samsung, Dell, Thomasville and Toshiba

MONTREAL--(Marketwire - November 29, 2007) - iPerceptions Inc. (TSX-V: IPE), a leader in online customer satisfaction and experience measurement, today reported its financial results for the third quarter ended September 30, 2007 and announced a 176% increase in revenue in the nine months of fiscal 2007 compared to the same period of the last fiscal year.

Highlighting the growing demand for its solutions, iPerceptions added numerous high-profile companies to its customer portfolio in the third quarter of 2007 such as SAP America, Network Appliance, Mazda Canada, Best Western, Intuit and Borland and renews annual contracts with high profile clients such as Wyndham Worldwide, Samsung, Dell, Thomasville and Toshiba.

iPerceptions delivered the following results for the third fiscal quarter 2007:

    Revenue: For the quarter ended September 30, 2007, revenue totaled
    $850,670 compared to $357,568 for the corresponding period in the
    previous fiscal year, an increase of 138%. For the nine-month period
    ended September 30, 2007, the Corporation's revenue totaled $2,211,810
    compared to $800,514 for the corresponding period in the previous
    fiscal year, an increase of 176%.   This growth in revenue is directly
    related to the increase in iPerceptions customers. This substantial
    growth for the first nine months of the fiscal year reflects the
    customer's appreciation for iPerceptions products and services, new
    marketing initiatives, as well as the Company's headway in this
    emerging market.
    
    Net loss and Earnings per Share:  Net loss and comprehensive loss for
    the quarter ended September 30, 2007 was $469,146 compared to $533,487
    in the same period of 2006. The year-to-date net loss and comprehensive
    loss was $1,262,637 compared to $1,323,018 during the first nine months
    in the prior year. The third quarter and the year-to-date basic and
    diluted loss per share for 2007 were $0.01 and $0.04 respectively.
    
    Cash position: Total cash and cash equivalents is approximately $2.5
    million at the end of the third quarter as a result of a private
    placements of $3.2 million during the nine-month period.
    

"The success iPerceptions has experienced this year is a reflection of our clients' commitment to proper measurement of online customer satisfaction and experience," says Jerry Tarasofsky, CEO and President of iPerceptions. "The webValidator Continuous Listening Solution and the iPerceptions Satisfaction Index (iPSI) continue to provide companies with crucial voice of the customer strategic and tactical decision support."

For additional information, consult our Management Discussion and Analysis filed today on SEDAR at www.sedar.com.

About iPerceptions:

iPerceptions is one of North America's leading web-focused attitudinal analytics providers. Its webValidator Continuous Listening solution and its Proprietary Satisfaction Index (iPSI), turn thousands of data points into easy-to-understand strategic and tactical decision support for website marketers. iPerceptions' clients include such well known brands as InterContinental Hotels, General Motors, Dell Computers, Hyundai, CompUSA, LG Electronics, Toshiba, Choice Hotels International, BMW and Hilton Hotels. iPerceptions has offices in New York, Toronto and Montreal.

Forward-Looking Statements And Caution

Securities laws encourage companies to present forward-looking information to provide investors with a better understanding of the Corporation's future prospects and to help them make informed decisions. The present press release and related Management Discussion and Analysis of iPerceptions contains forward-looking statements about the Corporation's objectives, strategies, financial position, results of operations, cash flows and activities, which are based on Management's current expectations, estimates and assumptions about the markets in which it operates.

Statements based on Management's current expectations contain known and unknown risks and uncertainties. Forward-looking statements may include verbs such as "believe," "anticipate," "estimate," "expect," "target" and "assess" or related expressions. These statements represent iPerceptions' intentions, plans, expectations or beliefs and are subject to risks, uncertainties and other factors, many of which are beyond the Corporation's control. Actual results may vary materially from forecasts. The reader is cautioned not to place undue faith in any forward-looking statement. Please note that the forward-looking statements contained in this press release and related Management Discussion and Analysis describe our expectations as at November 15, 2007.

Additional information on the risk factors to which the Corporation is exposed is available in the Risks Factors section of the Filing Statement dated May 30, 2007, which is available on SEDAR. This section addresses the risks, uncertainties and other factors that could affect financial results. Forward-looking statements do not take into account the effect that transactions or non-recurring or other special items announced or occurring after the statements are made may have on our activities. We disclaim any intention and assume no obligation to update any forward-looking statements even if new information becomes available as a result of future events or for any other reason unless required to do so by applicable securities regulations.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this press release.

Contact Information

  • Media information:
    Jonathan Levitt
    Vice-President Marketing
    iPerceptions Inc.
    Tel: 514-488-3600
    Fax: 514-484-2600

    Investor information :
    Jerry Tarasofsky
    Chief Executive Officer
    iPerceptions Inc.
    Tel: 514-488-3600
    Fax: 514-484-2600

    Martin Faucher
    Chief Financial Officer
    iPerceptions Inc.
    Tel : 514-488-3600
    Fax: 514-484-2600