Advantex Announces Record Net Income for Fiscal Year Ended June 30, 2012
- Merchant participation up 33.8%. Average number of participating merchants during Fiscal 2012 was 1,101 vs. 823 during Fiscal 2011. - Revenues up $2.4 million. $15.9 million in Fiscal 2012 vs. $13.5 million in Fiscal 2011. - Earnings from operations before amortization and interest (EBITDA (i)) up $1.0 million. $3.2 million in Fiscal 2012 vs. $2.2 million in Fiscal 2011. - Net Income up $719,000. Net income of $227,000 in Fiscal 2012 vs. net loss of $492,000 in Fiscal 2011.
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 10/23/12 -- Advantex Marketing International Inc. ("Advantex" or the "Company") (CNSX: ADX), a leading specialist in merchant funding and loyalty marketing programs, today announced its results for the fiscal fourth quarter and year ended June 30, 2012. All references to quarters or years are for the fiscal periods and all currency amounts are in Canadian dollars unless otherwise noted.
"It is encouraging to report an increase in revenues and net income. The Company increased merchant participation because it satisfies a need in the small merchant space for cost effective loyalty marketing and business intelligence which enables merchants to retain their existing business and target new business - critical tools in today's economy - and provides merchants access to unsecured working capital. For its partners, Canadian Imperial Bank of Commerce ("CIBC"), and Aeroplan Canada Inc. ("Aeroplan"), Advantex is their entry into the small merchant world and enables them to deliver extra value to their customers and members. The partners continue to give Advantex access to new business segments which allows Advantex to expand merchant participation. Advantex is uniquely placed to be a valuable partner to other service providers who wish to sell their services to small merchants," said Kelly Ambrose, Advantex President and Chief Executive Officer.
Financial Highlights:
"The Company expects to increase merchant participation and is confident of its future financial performance. Agreements with CIBC, Aeroplan, providers of debt - debentures and line of credit facility - expire ten to fourteen months from now and we expect to successfully negotiate renewals," said Mr. Ambrose.
About Advantex Marketing International Inc.
Advantex is a specialist in the marketing services industry. Advantex partners with CIBC, and Aeroplan. On a combined basis, Advantex has contractual marketing access to more than five million Canadian consumers with above-average personal and household income. The Company's merchant partner base currently consists of more than 1,350 merchants operating restaurants; golf courses; independent inns, resorts and selected hotels; spas; retailers of men's and ladies fashion, footwear and accessories; retailers of sporting goods; florists and garden centres; book and newspaper stores; health and beauty centres; dry cleaners; and gift stores; many of which are leaders in their respective categories. Advantex is traded on the Canadian National Stock Exchange under the symbol "ADX". For additional information on Advantex, please visit .
Forward-Looking Information
This Press Release contains certain "forward-looking information". All information, other than information comprised of historical fact, that addresses activities, events or developments that the Company believes, expects or anticipates will or may occur in the future constitutes forward-looking information. Forward-looking information is typically identified by words such as: anticipate, believe, expect, goal, intend, plan, will, may, should, could and other similar expressions. Such forward-looking information relates to, without limitation, information regarding the Company's: expectation regarding merchant participation and its future financial performance; expectation with regards to renewal, and the terms of such renewal, of its agreements with CIBC, Aeroplan, providers of debt; and other information regarding financial and business prospects and financial outlook is forward-looking information.
Forward-looking information reflects the current expectations or beliefs of the Company based on information currently available to the Company.
Forward-looking information is subject to a number of risks, uncertainties and assumptions that may cause the actual results of the Company to differ materially from those discussed in the forward-looking information, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could cause actual results or events to differ materially from current expectations include those listed under "General Risks and Uncertainties" and "Economic Dependence" in Management's Discussion and Analysis for the fiscal year ended June 30, 2012.
All forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.
Contacts:
Advantex Marketing International Inc.
Mukesh Sabharwal
Vice-President and Chief Financial Officer
905-470-9558 ext. 249
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Datum: 23.10.2012 - 20:29 Uhr
Sprache: Deutsch
News-ID 195476
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