Amadeus discloses results for the first quarter of fiscal 2008



    QUEBEC CITY, Nov. 29 /CNW Telbec/ - Amadeus International Inc.
(TSX-V: Aii), a pioneer and leading provider of Enterprise Quality and
Compliance Management software solutions, today announced its results for the
first quarter of fiscal 2008, ended September 30th, 2007.
    Amadeus' revenues have decreased by 30% to $413,016 for the first quarter
of fiscal 2008 ended September 30th, 2007, compared to $590,135 for the
corresponding quarter of fiscal 2007. The Company incurred a net loss of
$306,416, or $0.01 per share in the first quarter of fiscal 2008, compared to
a loss of $ 378,598 or $0,22 per share post consolidation in the corresponding
quarter. The net loss reduction comes from the continued efforts of
optimization of the costs structure of the Company.

    
    -------------------------------------------------------------------------
    (Canadian dollars)                                      Quarters Ended
                                                            September 30th,
                                                         2007           2006
                                                            $              $
    -------------------------------------------------------------------------
    Revenues                                          413,016        590,135
    -------------------------------------------------------------------------
    Gross profit                                      309,140        401,409
    -------------------------------------------------------------------------
    Net loss from continuing operations              (306,416)      (394,401)
    -------------------------------------------------------------------------
    Net earnings from discontinued operations               -         (4,615)
    -------------------------------------------------------------------------
    Net loss                                         (306,416)      (378,598)
    -------------------------------------------------------------------------
    

    Current assets amounted to $935,796 on September 30th, 2007, versus
$1,363,410 a year earlier. Current liabilities totaled $632,311 versus
$919,389 in the same period last year. Amadeus increased its working capital
by $272,096 to stand at $303,485 at the end of the first quarter, compared
with a surplus of $31,389 at the end of the first quarter of fiscal 2007. As
of September 30th, 2007, the Company had cash resources of $30,592. Its cash
resources were primarily used to finance its operating activities during the
year.

    Outlook

    The first quarter of fiscal year 2008 was marked by sustained cost
optimization efforts started in fiscal 2007 and 2006 and which results will be
felt starting January 2008. The Company also published the ICM (Internal
Control Manager) functionality allowing companies to manage their internal
controls, in compliance with the regulations of the Sarbanes-Oxley Act and
Bill C-198. These initiatives and achievements allow Amadeus to strengthen its
position with regard to its existing markets and customers and to tackle new
niches, namely the financial compliance sector. Management is confident that
these initiatives taken during fiscal year 2007 will help position the Company
for growth and improved performance in the fast growing market that is
Governance, Risk and Compliance process control today.

    About Amadeus International

    Amadeus International is a pioneer and leading provider of Enterprise
Quality and Compliance Management software solutions. For over 14 years,
customers in the Life Sciences, Manufacturing, Financial Services and other
industries have automated their compliance and quality processes using Amadeus
software platforms. Its flagship product, eQCM(R), offers an integrated and
very cost effective solution for enterprise governance, risk management,
quality and compliance management. More information on Amadeus and eQCM(R) can
be found at www.amadeussolutions.com.

    The information set forth in this press release includes certain
forward-looking statements. Such statements are based on assumptions exposed
to major risks and uncertainties. Although Amadeus deems the expectations
reflected in these forward-looking statements to be reasonable, the Company
cannot provide any guarantee as to their materialization. The TSX Venture
Exchange has not reviewed and does not accept responsibility for the adequacy
or accuracy of this release.




For further information:

For further information: Manon Rouillier, Marketing and Communications
Director, (418) 525-0606, ext. 2231, manon.rouillier@amadeussolutions.com

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