Komunik Corporation

Komunik Corporation

December 15, 2008 11:15 ET

Komunik Releases its Results for the Second Quarter Ended October 31st, 2008

MONTREAL, QUEBEC--(Marketwire - Dec. 15, 2008) - Corporation Komunik ("Komunik" or the "Company")(TSX:KOM) announced today the release of the management report and results of the second quarter that ended October 31st, 2008.

Komunik's income increased from $22.5 million to $23.3 million. Compared to the 1st Quarter, its earnings before taxes, depreciation and amortization (EBITDA) went from a deficit of $0.44 million to a profit of $0.83 million taking into consideration the restructuration fees and the non-cash compensation in stock options. This includes staff reductions, planned as to allow for uptomized realignment between the management structure and recent market conditions, industrial changes and general present economic conditions.

"Following our recent announcement of November 18th, 2008, we are carrying out with conviction our initial restructuring plan, particularly regarding the closure of our Winnipeg and Mississauga production plants ", states Sebastien Demers, President and Chief Executive Officer of Komunik.

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 provides expertise and support for document management, multi-channel relationship marketing, and overall print services. We develop and offer complementary technology that simplifies and enhances our clients' experience when it comes to doing business in the real and competing world.

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 Corporation
    Sebastien Demers
    President and CEO
    514-904-0710, ext. 115