Amadeus discloses year-end results for fiscal 2007



    QUEBEC CITY, Oct. 26 /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
fiscal 2007, ended June 30th, 2007.
    Amadeus' revenues have increased by 9.6% to $1,805,433 for the fiscal
year ended June 30th, 2007, compared to $1,646,896 for fiscal 2006. The
Company incurred a net loss of $1,273,904, or $0.23 per share in 2007,
compared to a loss of $ 4,151,531 or $2,41 per share on continuing operations
in 2006 and a net loss of $1,735,599, or $1.01 per share post consolidation.
Post consolidation and new investments, the number of outstanding shares was
21,529,656 at the end of 2007 while the weighted average number of shares was
5 383 064 during the financial year, compared to 1,723,614, post
consolidation, at the end of 2006. The net loss reduction on continuing
operations comes from a profit on debt write-off related to the conversion of
convertible notes in April 2007 and the continued efforts of optimization of
the costs structure of the Company.

    
    -------------------------------------------------------------------------
    (Canadian dollars)                                      Fiscal Year Ended
                                                                   June 30th,
                                                          2007          2006
                                                             $             $
    -------------------------------------------------------------------------
    Revenues                                         1,805,433     1,646,896
    -------------------------------------------------------------------------
    Gross profit                                     1,040,240     1,154,839
    -------------------------------------------------------------------------
    Net loss from continuing operations             (1,316,779)   (4,151,531)
    -------------------------------------------------------------------------
    Net earnings from discontinued operations           42,875     2,415,932
    -------------------------------------------------------------------------
    Net loss                                        (1,273,904)   (1,735,599)
    -------------------------------------------------------------------------
    

    Revenues for the fourth quarter of fiscal 2007 totaled $265,997, an
increase of 3.9% over $256,066 for the fourth quarter of 2006. The Company
reported earnings from continuing operations and a net earning of $39,488, or
$0.00 per share, for the quarter ended June 30th, 2007, versus a net loss from
continuing operations of $1,837,318, or $1.07 per share post consolidation,
and a net loss of $120,534 for the corresponding period the previous year. No
activity related to the discontinued operation occurred in the last quarter of
2007. Amadeus had posted net income from discontinued operations of
$1,716,784, or $1.00 per share, in the last quarter of fiscal 2006.
    Current assets amounted to $1,363,410 on June 30th, 2007, versus
$2,261,461 a year earlier. Current liabilities totaled $919,389 versus
$2,105,532 in the same period last year. Amadeus increased its working capital
by $288,092 to stand at $444,021 at fiscal year-end 2007, compared with a
surplus of $155,929 at the end of fiscal 2006. As of June 30th, 2007, the
Company had cash resources of $762,436, as opposed to $37,037 for the
corresponding period the previous year. Its cash resources were primarily used
to finance its operating activities during the year.

    Outlook

    Fiscal year 2007 was marked by the repatriation of the sales and
marketing management function to the Company's headquarter, by many other and
sustained cost optimization efforts started in fiscal 2006 and pursued until
now as well as the reorganisation of its balance sheet, allowing the company
to be practically free of debt. The company also developed its new software
solution, eQCM ICM (Internal Control Manager); this new systems support
enterprises in the management of their internal controls, in response to the
financial compliance Sarbanes-Oxley and Canadian equivalent, bill C-198
regulations. These initiatives position the company to enhance its position
within its current clients and markets in life sciences, manufacturing and
financial services while entering the new financial compliance segment.

    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.
    %SEDAR: 00020387EF




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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