TORONTO, ONTARIO — (Marketwired) — 11/14/13 — Tellza Communications Inc. (TSX: TEL) announced its financial results for the nine months ended September 30th, 2013.
Revenue for the three months ended September 30th, 2013 was $38 Million compared to $22 Million in 2012, an increase of 73%. Revenue for the nine months ended was $112 Million compared to $71 Million in 2012, an increase of 58%.
EBITDA(i) for the three months ended was $950,000 compared to $639,000 for the same period in 2012, an increase of 49%. EBITDA(i) for the nine months ended was $3.0 Million compared to $1.9 Million for the same period in 2012, an increase of 58%.
Net Income before taxes for the nine months ended September 30th, 2013 was $2.6 Million compared to $1.2 Million in 2012, an increase of 116%.
Balance sheet metrics:
“We are pleased with the progress of our Phonetime brand in 2013,” said Gary Clifford, Executive Chairman. “In 2014, we expect to increase organic growth as our Route Dynamix-s business plan evolves from a development stage company to contributing member of the Tellza family.”
The Company-s financial statements and other disclosures are available on SEDAR.
The Company also announced that, effective at the opening of trading today on The Toronto Stock Exchange, trading in the Company-s common shares will continue under the new name, “Tellza Communications Inc.”, the new stock symbol “TEL” and the new CUSIP number 87968V 10 8.
About Tellza
Tellza is a global communications company operating under several brands including Route Dynamix, Phonetime, Tel3, GoLifeTel, and Tellza Technologies. Tellza is a public company listed on the Toronto Stock Exchange (TEL).
Caution Regarding Forward Looking Information:
This press release contains forward-looking statements, which may be identified by words like “expects”, “anticipates”, “plans”, “intends”, “indicates” or similar expressions. These statements are not a guarantee of future performance and are inherently subject to risks and uncertainties. Tellza-s actual results could differ materially from those currently anticipated due to a number of factors set forth in reports and other documents filed by the Company with Canadian securities regulatory authorities from time to time. See which contains all securities files.
(i)We define EBITDA as earnings before taxes, depreciation and amortization, stock based compensation, interest, gain on retirement of debt, and mark to fair value of common stock warrants. EBITDA, which is a non-GAAP financial measure, it is a standard measure used in the telecommunications industry to assist in understanding and comparing operating results. EBITDA is reviewed regularly by management and our Board of Directors in assessing performance and in making decisions regarding the ongoing operations of the business and the ability to generate cash flows. Generally, a non-GAAP financial measure is a numerical measure of a company-s performance, financial position or cash flows that either excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with IFRS. EBITDA is not a measure of financial performance nor does it have a standardized meaning under IFRS. In evaluating these measures, investors should consider that the methodology applied in calculating as such measures may differ among companies and analysts. Below is a reconciliation of “EBITDA” to net income for the periods presented:
Contacts:
Tellza Communications Inc.
Gary Clifford
Executive Chairman & CEO
Tellza Communications Inc.
Michael Vazquez
President
+954-608-5058
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