TigerTel Communications Inc.
TSX VENTURE : TTL

TigerTel Communications Inc.

September 19, 2007 16:01 ET

TigerTel Communications Inc. Announces Third Consecutive Quarter of Record-Breaking Results for the First Quarter Ending July 31, 2007

MISSISSAUGA, ONTARIO--(Marketwire - Sept. 19, 2007) - TigerTel Communications Inc. (TigerTel)(TSX VENTURE:TTL), announced today its operating results for the three-month period ending July 31, 2007. Tigertel reported revenue of $5,499,709, direct costs of $2,757,403 and a gross profit of $2,742,306. Operating expenses amounted to $1,778,779. Net earnings before interest, taxes and amortization for the period was $963,527. Interest, amortization and provision for income taxes amounted to $142,669, $256,501 and $215,651 respectively resulting in net earnings for the period of $348,707.

For the corresponding period last year the Company reported revenue of $4,695,132, direct costs of $2,256,482 and a gross profit of $2,438,650. Operating expenses amounted to $1,691,392. Net earnings before interest, taxes and amortization for the period was $747,258. Interest, amortization and provisions for current and future income taxes amounted to $139,562, $242,237,$2,259 and $120,000 respectively resulting in net earnings for the period of $243,200.

Douglas D. Swift, President and CEO, commented, "The first quarter of this fiscal year just ended proved to be another Company best in terms of total revenues and bottom line net earnings. This is very encouraging having just come off our best ever full fiscal year in April 2007. With revenue growth of 17% in the current quarter over Q1 of last year and net earnings improvement of 44% over the same period last year, fiscal 2008 has started off by exceeding our expectations and budget. Operating costs remained well under control which has contributed strongly to Tigertel's record quarterly net earnings and our forecasts remain strong and positive moving into Q2. Our ongoing investment in the Company's technology infrastructure will also continue to position us well for continued revenue growth and profitability."

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