TigerTel Communications Inc.
TSX VENTURE : TTL

TigerTel Communications Inc.

September 23, 2005 16:05 ET

TigerTel Communications Inc. Announces Results For The First Quarter Ending July 31, 2005

MISSISSAUGA, ONTARIO--(CCNMatthews - Sept. 23, 2005) - TigerTel Communications Inc. (TSX VENTURE:TTL)(TigerTel), announced today its operating results for the three month period ending July 31, 2005. Tigertel reported revenue of $3,615,824, direct costs of $1,787,758 and a gross profit of $1,828,066. Operating expenses amounted to $1,485,572. Net earnings before interest, taxes, and amortization for the period was $342,494. Interest and amortization amounted to $116,258 and $232,716 respectively resulting in a net loss for the period of $6,480.

For the corresponding period last year the Company reported revenue of $3,883,414, direct costs of $2,025,624 and a gross profit of $1,857,790. Operating expenses amounted to $1,537,964. Net earnings before interest, taxes, and amortization for the period was $319,826. Interest and amortization amounted to $114,239 and $234,598 respectively resulting in a net loss for the period of $29,011.

Douglas D. Swift, President and CEO, commented, "Although total revenues did not increase year-over year for the first quarter of fiscal 2006 we were able to achieve growth in net earnings before interest, taxes and amortization( EBITDA) by 7%. Our focus in the coming months will be on revenue growth and currently sales activities provide us with strong indicators for optimism. We remain ahead of our budgeted operating bottom line and are forecasting to achieve a positive net earnings for the second quarter.

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