Komunik Corporation

Komunik Corporation

September 16, 2008 08:33 ET

Komunik Releases its Results for the Quarter Ended July 31st 2008

MONTREAL, QUEBEC--(Marketwire - Sept. 16, 2008) - Corporation Komunik ("Komunik" or the "Company") (TSX:KOM) announced today the release of the management report and results of the first quarter that ended July 31st 2008.

Komunik's income significantly increased from 14.5 millions to 22.5 millions. For the same period, its earnings before taxes, depreciation and amortization (EBITDA) went from 0.41 million to a deficit of 0.13 million, taking into consideration the restructuration fees and the non-monetary compensation in stock options.

"From an operations profit point of view, this quarter is much better than the previous one and shows that our efforts toward the Company's improvement are gradually paying off. We are confident that our plan to make Komunik a leading company in the marketing of services in Canada will increase its performance and make it grow" explains Sebastien Demers, Komunik's President and Chief Executive Officer. Furthermore, "our results of the 2nd and 3rd months of the quarter are highly superior to those of the 1st; we will thus continue our efforts and keep this positive trend going" adds Sebastien Demers.

The unaudited interim consolidated financial statements are based on the information available to this day and have not been reviewed by independent auditors. All these documents are available at the following address: www.sedar.com

About Komunik Corporation

Komunik is a leading provider of end-to-end solutions for Communication Resource Management. Komunik simplifies the management of communication resources to help its clients increase efficiency and control over their overall communications.

Komunik develops best of class technology, and provides expertise and support for document management, multi-channel relationship marketing and overall print services. Our clients count on hundreds of experienced employees with experts covering each area of our value proposition. Our nationwide network of 6 production & project development facilities and 5 distribution centres, and touch points in every major Canadian city, ensures that our clients benefit from local support. For more information about Komunik visit www.komunik.com.

Cautionary note about forward-looking statements

Some of the statements made in this release may constitute forward-looking information or statements within the meaning of securities laws. These statements are based on certain factors and assumptions, which Komunik believes are reasonable as of the current date. While Komunik considers these assumptions to be reasonable based on information currently available to them, they may prove to be incorrect. Komunik cautions that actual future performance could be affected by a number of factors, including technological change, regulatory change and competitive factors, many of which are beyond Komunik's control. Therefore, future events and results may vary substantially from what Komunik currently foresees. While Komunik may elect to, it is under no obligation (and expressly disclaims any such obligation) and does not undertake to update or alter this information.

Contact Information

  • Komunik
    Sebastien P. Demers
    President & CEO
    514-904-0710 ext. 115
    Mobile: 514-887-7977