VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 02/14/13 — PNI Digital Media (TSX: PN)(OTCBB: PNDMF) (“PNI” or the “Company”), the leading innovator in digital media solutions for retailers, reported financial results for the fiscal 2013 first quarter ended December 31st, 2012 and discussed key operational developments for the quarter.
“In this past quarter 26% of all orders over our platform were for greeting and photo cards within our customers sites,” said Kyle Hall, Chief Executive Officer of PNI Digital Media. “Our stationery and photo markets are merging quickly and we are well positioned to take advantage of this evolving market for personalized content as it extends itself into higher value cards and invitations while leveraging our retailers- large existing consumer bases. Furthermore, we saw record transactions from mobile devices fueled by our investment in new apps for both smart phones and tablets. This investment in mobile not only enabled us to drive incremental transactions but is also opening entirely new channels for our retailers as consumer behavior shifts towards mobile. Lastly, by using our recently announced platform API, any qualified software developer can add their photo app or photo product to our platform on their own, giving our platform an almost limitless range of product innovation for our retailers, and further positioning our platform as they key venue for retailers who want to drive high value transactions from personalized products.”
Fiscal 2013 First Quarter Operational Highlights
Fiscal 2013 First Quarter Fiscal Highlights
Conference Call
The company will host a conference call on February 14th, 2013 at 4:30 p.m. ET (1:30 p.m. PT) to discuss these financial results. PNI Digital Media-s Chief Executive Officer Kyle Hall and Chief Financial Officer Cameron Lawrence will host the presentation, followed by a question and answer period.
Institutional investors and interested participants should dial the conference telephone number 5-10 minutes prior to the start time. An operator will register your name and organization.
PNI Digital Media will also provide a live webcast and slide presentation, which will be available on the Company-s website at . An archived replay of the webcast will be available for 45 days following the live event.
Notes:
1 – Non-IFRS Measures
The Company continues to provide all information required in accordance with IFRS, but believes evaluating its ongoing operating results may not be as useful if an investor is limited to reviewing only IFRS financial measures. Accordingly, the Company uses non-IFRS financial information to evaluate its ongoing operations and for internal planning and forecasting purposes. The primary non-IFRS financial measures utilized by the Company include adjusted EBITDA. Adjusted EBITDA is non-IFRS financial measure which the Company defines as net profit plus amortization, impairment, interest expense, tax expense, share-based compensation expense and unrealized foreign exchange loss (gain).
To supplement the Company-s financial statements presented on an IFRS basis, we believe that these non-IFRS measures provide useful information about the Company-s core operating results and thus are appropriate to enhance the overall understanding of the Company-s past financial performance and its prospects for the future. These adjustments to the Company-s IFRS results are made with the intent of providing both management and investors a more complete understanding of the Company-s underlying operational results and trends and performance. Management uses these non-IFRS measures to evaluate the Company-s financial results, develop budgets, manage expenditures, and determine employee compensation. The presentation of additional information is not meant to be considered in isolation or as a substitute for or superior to net (loss) earnings or net (loss) earnings per share determined in accordance with IFRS.
Currency:
All amounts are expressed in Canadian dollars. This notice is qualified in its entirety by reference to the Company-s financial statements and accompanying Management Discussion and Analysis, which are accessible on the SEC-S website at and on SEDAR at .
About PNI Digital Media – Founded in 1995, PNI Digital Media operates the PNI Digital Media Platform, which provides transaction processing and order routing services for major retailers. The PNI Digital Media Platform connects consumer-ordered digital content, whether from online, in-store kiosks, desktop software or mobile phones, with retailers that have on-demand manufacturing capabilities for the production of personalized products such as photos, photo books and calendars, business cards and stationery. PNI Digital Media successfully generates millions of transactions each year for retailers and their thousands of locations worldwide.
Further information on our company can be found at .
The statements that are not historical facts contained in this release are forward-looking statements that involve risks and uncertainties. PNI Digital Media-s actual results could differ materially from those expressed or implied by such forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, changes in technology, employee retention, inability to deliver on contracts, failure of customers to continue marketing the online solution, competition, general economic conditions, foreign exchange and other risks detailed in the Company-s annual report and other filings. Additional information related to the Company can be found on SEDAR at and on the SEC-S website at . The information contained herein is subject to change without notice. PNI Digital Media shall not be liable for technical or editorial errors or omissions contained herein.
The TSX has neither approved nor disapproved the information contained in this release. PNI Digital Media relies upon litigation protection for “forward-looking” statements.
PNI Digital Media is a registered trademark of PNI Digital Media Inc. All other trademarks are property of their respective owners.
Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
PNI Digital Media Inc. – Investor Relations and Press
Simon Cairns
(866) 544-4881
Twitter: @pni_media
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