Revenues, Profits Soar on 3rd Quarter Results
August 18 2009 - 9:00AM
PR Newswire (US)
MONTREAL, Aug. 18 /PRNewswire-FirstCall/ -- TeliPhone Corp. (OTCBB:
TLPH). TeliPhone has reported its nine months ending June 30, 2009
financial results showing an increase in sales from US$863,261 to
$1,621,738 from the same period in 2008. Profits are up from a loss
of (91,193$) to a net income of $147,338. The increase was
primarily due to the delivery of services to TeliPhone's newly
acquired customers from its assignment deal with Orion
Communications Inc. on May 7, 2009. While TeliPhone has been
profitable so far for the entire 2009 fiscal year, the sharp
increase in its reported results are from the Orion client base
acquisition occurring over the last 2 months. The Company reported
an 11% Net Income when considering the last 3 months of results,
and is currently at 9% for the entire fiscal year. "Our nine month
results are a clear indication that our strategies put in place
since 2008 are clearly working" says President CEO George Metrakos.
"Our team and TeliPhone's technology permit us to achieve higher
profitability from acquired customers. We plan to continue to seek
out opportunities for growth similar to Dialek in 2008 and Orion in
2009." About TeliPhone Corp. TeliPhone Corp. is an Internet-based
digital telecommunications company employing its own technology.
Customers of TeliPhone, primarily small and medium sized
businesses, receive more value added services for lower cost when
using TeliPhone. TeliPhone specializes in hosted business telephony
systems that reduce customer capital equipment costs while offering
global incoming and outgoing call services with best-of-breed call
quality. For more information, visit the company website at
http://www.teliphone.us/. This news release contains
forward-looking statements that are subject to various risks and
uncertainties. The Company's actual results could differ materially
from those anticipated in such forward-looking statements as a
result of numerous factors that may be beyond the Company's
control. Forward-looking statements are based on the expectations
and opinions of the Company's management on the date the statements
are made, and the Company assumes no obligation to update
forward-looking statements should circumstances in management's
expectations or opinions change. DATASOURCE: Teliphone Corp.
CONTACT: TeliPhone Corp., (212) 738-0008, ;
http://www.teliphone.ca/investors Source: TeliPhone Corp.
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