MONTREAL, QUEBEC — (Marketwire) — 04/26/12 — ODESIA Group Inc. (TSX VENTURE: ODS), a corporation specialized in delivering business-intelligence solutions (“BI”), decision-process management and business analytics, today announced its financial results for the fourth quarter and year ended December 31st, 2011.
2011 – A turn around year
2011 Financial Highlights
“Following the decision in July 2011 to stop its unprofitable activities in Mexico, the Company has been able to focus on its profitable operations in Canada and in France and increase its profitability in the second semester of 2011” declared Nicolas Bonnafous, President and CEO of ODESIA.
Selected financial information
Quarterly data (unaudited)
The following table is a summary of certain information on the Company-s last four quarters:
Additional information on the fiscal year ended December 31, 2011
These are the company-s first annual consolidated financial statements prepared in accordance with International Financial Reporting Standards (“IFRS”). The comparative information presented in these financial statements for the year ended December 31, 2010 and its opening statement of financial position at January 1, 2010 (the Company-s date of transition) have also been prepared in accordance with IFRS.
The financial information regarding the year ended December 31, 2011 should be read in parallel with the Company-s annual consolidated financial statements and MD&A (Management Discussion and Analysis). These documents can be found on
2012 Strategy
Following a transition plan executed in 2011 ODESIA is now focusing on its growth strategy:
About ODESIA Group Inc.
ODESIA is an international corporation specialized in business-intelligence (“BI”) solutions, decision-process management and business analytics for large and medium-sized companies. ODESIA-s mission is to help managers monitor the performance of their business by accessing all relevant information at the right time and the right place. For more information visit us at .
Disclaimer in regards to forward-looking statements
This press release contains forward-looking statements which reflect ODESIA-s current expectations regarding future events and may involve risks or uncertainties. Actual results could differ materially from those projected herein.
Neither the 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:
ODESIA Group Inc.
Mr. Nicolas Bonnafous
President and CEO
514.876.1155
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