TigerTel Communications Inc.
TSX VENTURE : TTL

TigerTel Communications Inc.

July 13, 2007 17:02 ET

TigerTel Communications Inc. Announces Record Breaking Results for the Year Ending April 30, 2007

MISSISSAUGA, ONTARIO--(Marketwire - July 13, 2007) - TigerTel Communications Inc. (TigerTel) (TSX VENTURE:TTL) announced today its operating results for the three-month period ending April 30, 2007. Tigertel reported revenue of $5,324,482, direct costs of $2,718,444 and a gross profit of $2,606,038. Operating expenses amounted to $1,888,564. Net earnings before interest, taxes and amortization for the period was $717,474. Interest, amortization, provision for current income taxes and recovery of future income taxes amounted to $141,095, $281,411, $165,058 and $59,575 respectively resulting in net earnings for the period of $189,485.

For the corresponding period last year the Company reported revenue of $4,610,800, direct costs of $2,212,007 and a gross profit of $2,398,793. Operating expenses amounted to $1,840,221. Net earnings before interest, taxes and amortization for the period was $558,572. Interest, amortization and current & future income tax expense amounted to $138,752, $268,964 and $80,000 respectively resulting in net earnings for the period of $70,856.

For the year-ended April 30, 2007, Tigertel reported revenue of $19,294,443, direct costs of $9,937,399 and a gross profit of $9,357,044. Operating expenses amounted to $6,941,121. Net earnings before interest, taxes and amortization for the year was $2,415,923. Interest, amortization and provision for current and future income taxes amounted to $559,779, $1,043,577 and $279,260 respectively resulting in net earnings for the year of $533,307.

For the previous year the Company reported revenue of $17,095,546, direct costs of $8,296,798 and a gross profit of $8,798,748. Operating expenses amounted to $6,722,878. Net earnings before interest, taxes and amortization for the year was $2,075,870. Interest, amortization and current & future income tax expenses amounted to $510,988, $1,012,685 and $182,500 respectively resulting in net earnings for the year of $369,697.

Douglas D. Swift, President and CEO, commented, "The current quarter returned yet another record in quarterly revenues for the Company. Complimenting this were record quarterly net earnings. For the fiscal year ended April 30, 2007 the Company achieved year over year growth in revenue of 13% and a net earnings increase of 44%.

It is very exciting to have just completed the most successful fiscal year yet for the Company. Our revenue growth momentum has been substantial in the past year. We anticipate that this will continue well into the next fiscal year. Tight monitoring of operating costs will ensure that profit growth continues to accompany the successful increases in revenues."

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