TORONTO, ONTARIO — (Marketwired) — 03/31/17 — Tellza Communications Inc. (TSX: TEL) announced its audited financial results for the year ended December 31, 2016.
2016 Highlights
Investments
Corporate
While we conduct our business primarily in USD and report our financial results in USD, our common shares are listed and trade on the Toronto Stock Exchange in CDN dollars. Expressed in CDN dollars, EBITDA(i) was $4.2 Million or $.38/share compared to $3.6 Million or $0.31/share in 2015.
The Company–s financial statements and other disclosures are available on SEDAR.
The Company–s corporate profile is located at .
About Tellza
Tellza operates in both the Communications and Financial Support Services business. 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, minority interest and other gains and losses. 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
647 281 1831
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