VoodooVox Inc. Reports Q2 2012 Financial Results
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 08/15/12 -- VoodooVox Inc. ("VoodooVox" or the "Company") (TSX: VVX), a leading provider of mobile advertising solutions, today announced its financial results for the three and six months ended June 30, 2012.
SECOND QUARTER RESULTS
YEAR TO DATE RESULTS
FINANCING ACTIVITIES
OUTLOOK
The Company's future operations remain dependent upon its ability to: 1) raise additional funds; 2) realize transaction revenues from existing customer relationships; or 3) secure new customer relationships that provide the Company with adequate funds to cover expenditures projected for the balance of 2012 (or a combination of the foregoing). In recent years, the Corporation has relied upon external debt financing to provide it with the working capital required to support ongoing operations.
Michael Durance, CEO of the Company, remarked, "We are pleased with the integration of our recent acquisition and our progress in the high growth Mobile Advertising market. Further, our new Analytics solution is generating significant interest with our installed base of customers and we expect this solution to be a key part of our portfolio going forward."
On July 10, 2012, the Company received a letter from the TSX initiating a review of Company's ability to meet its continuous listing requirements. If the Company cannot demonstrate it meets these requirements prior to September 12, 2012, the Company will be delisted from the TSX on October 12, 2012. Accordingly, while VoodooVox is working on its response to the TSX it also intends to explore a possible listing on the TSX Venture Exchange.
VoodooVox also announces that Nick Fader has resigned as Director of the Company. The Company extends its gratitude to Mr. Fader for his contributions over the years.
This news release should be read in conjunction with VoodooVox's interim consolidated financial statements and the accompanying notes as at and for the three months and six months ended June 30, 2012 and the related Management Discussion and Analysis. These have been filed with certain securities regulatory authorities in Canada and are available on SEDAR () and on the VoodooVox website at .
About VoodooVox Inc.
VoodooVox uses consumer analytics to provide smarter mobile advertising services via the cloud to publishers, advertisers and operators. VoodooVox, which represents the combined assets and knowledge base of three companies, namely Call Genie Inc., UpSnap Services, LLC and VoodooVox, now processes billions of advertising transactions for a marquee list of global clients and partners. Currently, VoodooVox solutions are deployed in 11 countries around the world. .
The TSX Exchange has neither approved nor disapproved the contents of this news release.
Contacts:
VoodooVox Inc.
Alex Blodgett
403.410.6875
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Datum: 15.08.2012 - 11:30 Uhr
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News-ID 174778
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