TigerTel Communications Inc.
TSX VENTURE : TTL

TigerTel Communications Inc.

March 25, 2009 16:01 ET

TigerTel Communications Inc.: Announces Results for the Third Quarter Ended January 31, 2009

MISSISSAUGA, ONTARIO--(Marketwire - March 25, 2009) - TigerTel Communications Inc. (TSX VENTURE:TTL) (TigerTel), announced today its operating results for the three-month period ending January 31, 2009. TigerTel reported revenue of $5,557,735, direct costs of $2,760,957 and a gross profit of $2,796,778. Operating expenses amounted to $2,018,309. Net earnings before interest, taxes, amortization and other income for the period was $778,469. Interest, amortization and provision for income taxes amounted to $87,071, $357,304 and $89,882 respectively. Loss from discontinued operation was $5,905, resulting in net income for the period of $238,307.

For the corresponding period last year the Company reported revenue of $5,505,956, direct costs of $2,833,797 and a gross profit of $2,672,159. Operating expenses amounted to $1,928,313. Net earnings before interest, taxes, amortization and other income for the period was $743,846. Interest, amortization and provision for income taxes amounted to $128,454, $365,539, and $65,264 respectively. Gain from discontinued operation was $11,247, resulting in net earnings for the period of $195,836.

For the nine months ended January 31, 2009, TigerTel reported revenue of $16,472,415, direct costs of $8,614,480 and a gross profit of $7,857,935. Operating expenses amounted to $5,922,229. Net earnings before interest, taxes, amortization and other expense for the period was $1,935,706. Interest, amortization and provision for income taxes amounted to $280,093, $1,013,835 and $160,628 respectively. Loss from discontinued operation was $51,346, resulting in net earnings for the period of $429,804.

For the corresponding nine month period last year the Company reported revenue of $16,374,129, direct costs of $8,397,680 and a gross profit of $7,976,449. Operating expenses amounted to $5,493,986. Net earnings before interest, taxes, amortization and other income for the period was $2,482,463. Interest, amortization and provision for income taxes amounted to $413,452, $915,726 and $411,133 respectively. Gain from discontinued operation was $43,502, resulting in net earnings for the period of $785,654.

Douglas D. Swift, President and CEO, commented, "Our company continued to perform well in Q3. In a climate of fiscal restraint and economic uncertainty our performance exceeded both the previous quarter and the same period last year. Our employees are to be complimented for their dedication to both our customers and our company."

About TigerTel

TigerTel, a Canadian call center organization, specializes in inbound and outbound call center solutions and services for clients throughout North America. With multiple call centers across Canada, TigerTel has built an infrastructure that provides personalized services to our clients while at the same time delivering world-class results at every level. TigerTel's vision is to provide interactive communication solutions for our clients and their customers by a team focused on service excellence, personal integrity and technical innovation.

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