Upland Global Corporation

Upland Global Corporation

March 15, 2005 11:57 ET

Upland Announces Second Quarter Results


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: UPLAND GLOBAL CORPORATION

TSX VENTURE SYMBOL: UPL

MARCH 15, 2005 - 11:57 ET

Upland Announces Second Quarter Results

MONTREAL, QUEBEC--(CCNMatthews - March 15, 2005) - Upland Global
Corporation ("Upland") (TSX VENTURE:UPL) announced today its financial
results for the second quarter ended January 31, 2005.

Revenues for the six months ended January 31, 2005 were $1,693,758, as
compared to $3,445,678 for the same period in 2004. Net earnings for the
six month period ended January 31, 2005 were $102,109, as compared to
$170,778 for the same period in 2004. Earnings per share were $0.0012
per share as compared to $0.0043 in 2004.

Mr. William A. Urseth, Chairman of Upland stated, "We have ended the
sales cycle of one of our product lines, and launched a new line,
creating a new sales cycle. As a result, we believe that sales and
earnings will rebound nicely to former levels."

Upland is a provider of payment processing and direct marketing services
in Canada and the United States.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Upland Global Corporation
    William A. Urseth
    Chairman and Chief Executive Officer
    (514) 762-2645
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.