QuStream Corporation

March 14, 2011 16:01 ET

QuStream Corporation Reports Full Fiscal Year 2010 Results

TORONTO, ONTARIO--(Marketwire - March 14, 2011) - QuStream Corporation ("QuStream" or the "Company), a provider of broadcast, Pro A/V and multimedia solutions, today announced its full fiscal year 2010 results.

Revenue for the twelve months ended December 31, 2010 was US $11.0 million compared to US $10.5 million during the same period last year, an increase of 5%.

Net loss of fiscal 2010 was US $3.1 million or ($0.11) per share compared to a net loss of US $5.9 million or ($0.25) per share for the same period last year.

"Fiscal 2010 saw a continuation of the turnaround process for QuStream," stated Chuck Tillett, President and COO. "The Company remains focused on executing its strategic initiatives to return to consistent growth and profitability."

The Company has filed its audited Annual Financial Statements and Management's Discussion and Analysis on SEDAR at www.sedar.com.

Forward-Looking Statements:

This press release contains forward-looking statements subject to risks and uncertainties, which may cause actual results to differ materially from these forward-looking statements. Only statements of historical fact are free from such variances.

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