Amadeus discloses the results of its second quarter of fiscal 2008



    QUEBEC CITY, Feb. 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 of its second
quarter ended December 31, 2007.
    Amadeus' revenues have decreased by 28% to $324,278 for the quarter ended
December 31, 2007, compared with $447,678 for the corresponding period last
year. For the first six months of fiscal 2008, revenues have decreased by 29%
to $737,294, compared with $1,037,813 for the same period a year earlier. The
Company incurred a net loss from Continuing Operations of $352,551, or
$0.02 per share in the second quarter of fiscal 2008, compared to a net loss
from Continuing Operations of $ 431,675 or $0,25 per share post consolidation
in the corresponding quarter. The net loss from Continuing Operations
reduction comes from the continued efforts of optimization of the costs
structure of the Company.
    "While first semester results were disappointing, our product continues
to be well perceived by the North American market, despite the economic
uncertainty in the US, " said Yves Leblanc, President and CEO of Amadeus
International. "The addition of the internal control manager functionality in
the fall of 2007, has generated a lot of interest from companies who are
searching for an integrated solution to their governance, risk, and compliance
(GRC) challenges. We are intensifying our marketing efforts in very targeted
and highly regulated markets," he added.

    
    -------------------------------------------------------------------------
    (Canadian dollars)                                     Quarters ended
                                                             December 31,
                                                         2007           2006
                                                            $              $
    -------------------------------------------------------------------------
    Revenues                                          324,278        447,678
    Gross profit                                      230,710        320,224
    Net loss from continuing operations              (352,551)      (431,675)
    Net earnings from discontinued operation          (50,850)        47,490
    Net loss                                         (403,401)      (384,185)
    EBITDA(*)                                        (289,159)      (318,074)
    -------------------------------------------------------------------------
    (*) Definition of EBITDA: Earnings (loss) before financial expenses,
    income tax on earning and amortization. EBITDA is presented as an
    additional measurement of earnings in order to assist the reader to
    establish the Company's ability to generate cash from activities and to
    acquit its financial charges. It is also an indicator generally used for
    purposes of evaluation. Canadian generally accepted accounting principles
    give no standard interpretation to this measurement and it cannot
    therefore be compared to similar measurements used by other enterprises.
    For the quarter ended on December 31 , 2007, the $347,946 loss before
    financial expense is adjusted wuth the amortizationcharge of $58,787,
    resulting in an EBITDA of $289,159.

    Current assets amounted to $905,084 as at December 31, 2007, versus
$1,363,410 as at June 30, 2007. Current liabilities totaled $906,202 as at
December 31, 2007, versus $919,389 as at June 30, 2007. The decrease in assets
mostly results from the used of cash to finance its operating activities.

    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: Isabelle Rivoal, Marketing and Communications
Director, (418) 525-0606, ext. 2231, isabelle.rivoal@amadeussolutions.com

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