Cyberplex
Announces Third Quarter Earnings Results
156% quarterly revenue growth year-over-year
TORONTO, ON - (Marketwire - Tuesday November 10, 2009) Cyberplex Inc. (TSX:CX) a leader in online
performance-based advertising solutions,
customer acquisition strategies and technology development, today announced its
third quarter financial results for the period ended September 30th, 2009.
§ Revenue of $28.2
million increased 156% from the same quarter in the previous year and 10%
sequential growth quarter-over-quarter
§ Earnings before
amortization, interest, taxes and foreign exchange of $2.7 million or 4 cents
per share
§ Net cash balance of
$21.4 million in addition to $7 million of available credit facilities
§ Working capital of
$29 million
The Company has posted another strong quarter and
continues to execute with its performance-based advertising model. "We have had
great success breaking into the global advertising marketplace and expanding
our international traffic. As anticipated, our growing sales force
continues to generate new revenues, and we are very pleased with this quarter's
results"
says Geoffrey Rotstein, President
and Chief Executive Officer.
Cyberplex continued to
attract and retain quality network partners, strengthen its key verticals, and
deploy industry-leading online marketing solutions. Geoffrey Rotstein added "We were able to
achieve another quarter of strong performance by focusing on the quality of our
distribution and increasing value for our advertisers in North America as well
as internationally. The investments we have made in our network and people,
will allow us to deploy new campaigns into new verticals and geographies more
effectively, which we expect to benefit us in the upcoming quarters."
2009 THIRD QUARTER HIGHLIGHTS
·
Recognized in the
Deloitte Technology Fast 50TM as one of the 50 fastest growing technology
companies in Canada
·
Expanded international markets
substantially, with international revenue accounting for over 20% of total
revenue this quarter
·
Selected by
OgilvyOne Worldwide as the only pure CPA network partner to work with its
marketing teams to develop and execute an American Express Canada small
business card campaign
·
Worked with Steve Pagliuca, nominee for
the Democratic Senate seat for State of Massachusetts, to provide mission
critical marketing updates to his website and to initiate an online,
performance-based marketing program to support his election campaign
·
Enhanced social media targeting
capabilities, an important strategic initiative, with the launch of PokerFace -
a Facebook casual gaming application which acquired over 325,000 targeted users
in the first two weeks
Third quarter revenue of $28.2 million was an increase
of 156% over the $11.0 million generated during the same period a year
ago. This growth resulted from the
performance of the Web Advertising division and by focusing on key business
verticals and through international market expansion. Gross margin this quarter
was 28% compared to 30% last quarter and income before amortization, interest,
taxes and foreign exchange, for the quarter increased to $2.7 million, up from $551,000
generated in the third quarter of 2008.
"Our financial model has continued to show leverage and provide a great
foundation for growth. We are very
pleased with our results and will continue to invest in areas that position us
well for the future" said Isaac Osiel, Chief Financial Officer.
CONFERENCE CALL DETAILS
Cyberplex will release its financial results for
the third quarter of 2009, on Tuesday November 10th, 2009 after close of the
market. In conjunction with the release,
Cyberplex will host a conference call on Tuesday November 10th, 2009
at 4:30 p.m. EST to discuss the financial results.
Geoffrey Rotstein, President and Chief Executive
Officer, and Isaac Osiel, Chief
Financial Officer, will discuss the results and the financial performance. A question and answer session will be held at
the end of the call.
The third quarter conference call is open to
everyone and can be accessed by:
Phone: Dial in using the number
below. Please call ten minutes in advance of the scheduled call.
Participant Dial-in Number:
Toll Free Number: 1-888-892-3255
Playback Instructions:
A
replay of the conference call will be available as of 12:00 a.m. the same day,
until midnight November 24th, 2009.
Toll Free Number: 1-800-937-6305
Playback
Pass Code: 309643
CYBERPLEX
Cyberplex Inc.
(www.cyberplex.com) is a leader in providing web advertising solutions, online
customer acquisition strategies and technology development. The Company,
through its subsidiaries, leverages its proprietary affiliate network, robust
advertising relationships and experience, along with technology design,
development and solutions specialists to develop and implement web-based
programs and solutions that have a proven record in delivering results.
With over 15
years of experience serving Fortune 1000 clients including FTD, Xerox, Sony
Canada, IAC, Atlantic Lottery Corporation, Vista Print, Aecon, Ontario Power
Generation, Scotia Bank and the Royal Bank of Canada, Cyberplex is frequently
the firm of choice for business leaders looking for effective and reliable
online solutions. Cyberplex serves clients across Canada and the US and is
headquartered in Toronto, Canada.
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.
Alexzandria
(Ali) Johnson, Marketing Manager
Cyberplex
1255 Bay Street,
Suite 400| Toronto, Ontario |M5R 2A9
p:
416.260.4482 f: 416.597.2345
alexzandria.johnson@cyberplex.com