TigerTel Communications Inc.

TigerTel Communications Inc.

March 28, 2007 16:05 ET

TigerTel Communications Inc. Announces Record Breaking Results for the Third Quarter Ending January 31, 2007

MISSISSAUGA, ONTARIO--(CCNMatthews - March 28, 2007) - TigerTel Communications Inc. (TigerTel) (TSX VENTURE:TTL), announced today its operating results for the three-month period ending January 31, 2007. Tigertel reported revenue of $5,005,319, direct costs of $2,603,960 and a gross profit of $2,401,359. Operating expenses amounted to $1,728,668. Net earnings before interest, taxes and amortization for the period was $672,691. Interest, amortization, provision for current income taxes and recovery of future income taxes amounted to $139,561, $265,423, $2,259 and $87,000 respectively resulting in net earnings for the period of $178,448.

For the corresponding period last year the Company reported revenue of 4,543,627, direct costs of $2,280,022 and a gross profit of $2,263,605. Operating expenses amounted to $1,688,823. Net earnings before interest, taxes and amortization for the period was $574,782. Interest, amortization and provision for future income taxes amounted to $130,879, $263,054 and $52,500 respectively resulting in net earnings for the period of $128,349.

For the nine months ended January 31, 2007, Tigertel reported revenue of $13,969,961, direct costs of $7,218,955 and a gross profit of $6,751,006. Operating expenses amounted to $5,052,557. Net earnings before interest, taxes and amortization for the period was $1,698,450. Interest, amortization and provision for current and future income taxes amounted to $418,684, $762,166, $6,777 and $167,000 respectively resulting in net earnings for the period of $343,821.

For the corresponding nine-month period last year the Company reported revenue of $12,484,746, direct costs of $6,084,791 and a gross profit of $6,399,955. Operating expenses amounted to $4,882,657. Net earnings before interest, taxes and amortization for the period was $1,517,298. Interest, amortization and future income taxes amounted to $372,236, $743,721 and $102,500 respectively resulting in net earnings for the period of $298,841.

Douglas D. Swift, President and CEO, commented, "The current quarter saw another record for the Company. It was the first time that quarterly revenues exceeded the five million dollar mark. We have now seen four of the last five quarters provide us with strong positive revenue growth. Year-to date, revenues are up almost $1,500,000 over last year. The setback in Q2, which we identified as being temporary, was reversed with a return to positive net earnings for the latest quarter. We anticipate that this will continue on in Q4."

About TigerTel/UTR

Canada call centers organization TigerTel/UTR specializes in inbound and outbound call center solutions and services for clients throughout North America. With multiple call centers in Canada, TigerTel/UTR has built an infrastructure that provides personalized services to our clients while at the same time delivering world-class results at every level.

This news release contains forward-looking statements that involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in forward-looking statements.

TIGERTEL COMMUNICATIONS INC.

Douglas D. Swift, President and Chief Executive Officer

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content on this news release.

Contact Information

  • TigerTel Communications Inc.
    P. Livingstone
    (905) 629-7190