TORONTO, ONTARIO — (Marketwired) — 11/30/15 — Imperus Technologies Corp. (“Imperus” or the “Company”) (TSX VENTURE: LAB)(FRANKFURT: ISX)(FRANKFURT WKN: A12B58) reports its financial results for the third quarter of 2015 (the three month period ended September 30, 2015).
HIGHLIGHTS
Selected Highlights include
Subsequent Events – Akamon Acquisition
James Lanthier, President and Chief Executive Officer of Imperus commented: “Imperus made demonstrable progress in the third quarter. We have substantially grown our operating profit. Additionally, closing the transformative Akamon acquisition allows us to continue to improve our operations by leveraging each business–s strengths across our combined group. We intend to continue to execute diligently on our goal of building a leading, profitable social casino business.”
Imperus Q3 results can be found on its website () or SEDAR. Management will host a conference call to discuss the Q3 results, and as well the company–s current status and strategy moving forward on Tuesday December 1 at 8:30am EST. Details of the conference call can be found at the bottom of this press release.
Investor Call
To participate in the conference call, shareholders and interested parties should dial (866) 393-4306 (international/local participants dial (734) 385-2616) about 10 to 15 minutes prior to 8:30 a.m. EST on Tuesday, December 1, 2015.
Financial Results and Non-IFRS Measures
Imperus has not audited the financial results of Diwip or audited or reviewed the financial results of Akamon. The Company has included certain Non-IFRS performance measures, namely EBITDA and adjusted EBITDA and working capital, within this document. The Company believes that, in addition to conventional measures prepared in accordance with IFRS, we and certain investors use this information to evaluate the Company–s performance and ability to generate cash, profits and meet financial commitments. These Non-IFRS measures are intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS.
EBITDA is defined as “Earnings Before Interest, Tax, Depreciation and Amortization”. Adjusted EBITDA takes into consideration unusual expenses that do not reflect operations. EBITDA does not include the discontinued operations of Vast and Tech Channel. The following tables provide a reconciliation to Operating Loss on the Statements of Consolidated Income/(Loss) and Comprehensive Income/(Loss) for the three, six and nine months ended September 30, 2015 and June 30, 2014 as reported in our condensed interim consolidated financial statements.
Adjusted EBITDA – Consolidated
Adjusted EBITDA – Diwip stand alone
About Imperus
Imperus Technologies Corp., the parent company of Diwip and Akamon, is a developer of social and mobile gaming for PC, Mac, iOS and Android platforms. Diwip and Akamon design, develop and distribute their top ranked social casino-themed games within online social networks (such as Facebook) and mobile platforms (such as Android and iPhone). All of the Diwip and Akamon games are free to play and generate revenue primarily through the in-game sale of virtual coins.
Caution Regarding Forward-Looking Information:
Certain statements in this press release may constitute “forward-looking statements” which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. When used in this press release, such statements may use such words as “may”, “will”, expect”, “believe”, “plan” and other similar terminology. These statements include, but are not limited to, statements with respect to the future business and operations of the Company and the financial results of the Company and its subsidiaries. These statements reflect management–s current expectations regarding future events and operating performance and speak only as of the date of this press release. The forward-looking statements involve a number of risks and uncertainties. These risks and uncertainties include, but are not limited to, general economic, market or business conditions and future developments in the sectors of the economy in which the business of Imperus or Akamon operate. The foregoing list of factors is not exhaustive. Please see the Company–s short form prospectus dated March 27, 2015, the Company–s Annual Information Form dated November 11, 2015 and other documents available under the Company–s profile on , for a more detailed description of the risk factors. The Company undertakes no obligation to update publicly or revise any forward-looking statements, whether a result of new information, future results or otherwise, except as required by law.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Contacts:
KIN Communications Inc.
Mr. Arlen Hansen
604-684-6730
866-684-6730 (FAX)
Kin Communications
Imperus Technologies Corp.
James Lanthier
CEO
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