TORONTO, ONTARIO — (Marketwire) — 10/04/11 — Cyberplex Inc. (TSX: CX), a leader in online publishing and customer acquisition strategies, hosted conference call on Monday, October 3rd, 2011 at 4:30 p.m. EST to provide investors with an update on operations and the recent restructuring of Tsavo Media-s debt facility.
During the call, the Company discussed the recent signing of an amendment with its syndicate of lenders and provided financial guidance for the third quarter ending September 30, 2011. Cyberplex reported that it expects third quarter revenue will increase between 10% and 15% from the previous quarter, and will be in the range of $15.9 million to $16.6 million. Adjusted EBITDA for the quarter is expected to increase between 100% and 120% from the previous quarter, and will be in the range of $1.8 million to $2.0 million. A replay of the conference call will be available as of 12:00 a.m. October 4, 2011, which can be accessed by dialing 1-800-937-6305 and entering passcode 460932.
About Cyberplex
Cyberplex Inc. () is a North American leader in online publishing and customer acquisition strategies. The Company, through its subsidiaries, leverages over 300 proprietary web properties and its vast publisher network to efficiently connect advertisers to their most relevant online customers and prospects. By combining high quality publishing initiatives with efficient technology solutions and online marketing expertise, the Company is able to deliver the optimal targeted audience to online advertisers. Cyberplex delivers measurable results that improve advertiser ROI, monetize the value of online properties, and build targeted, loyal online audiences.
Forward-Looking Statements
This news release may contain forward-looking statements that are based on management-s current expectations and are subject to known and unknown uncertainties and risks, which could cause actual results to differ materially from those contemplated or implied by such forward-looking statements. Cyberplex is under no obligation to update any forward-looking statements contained herein should material facts change due to new information, future events or otherwise.
Contacts:
Cyberplex Inc.
David Katz
EVP Corporate Development
416.597.8889
416.597.2345 (FAX)
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