IMS Experts Consultants Inc. publishes its second-quarter financial results, for the period ended February 28, 2007



    TROIS-RIVIERES, QC, April 27 /CNW Telbec/ - IMS Experts Consultants Inc.
("IMS") (TSX-V: IMS), a Canadian multi-disciplinary engineering consulting
firm, is pleased to announce its financial results for the second quarter,
which ended February 28, 2007.

    FINANCIAL HIGHLIGHTS FOR THE SECOND QUARTER ENDED FEBRUARY 28, 2007

    
    - On December 1st, 2006, IMS closed a private placement for common shares
      with the Fonds d'investissement Actions-Croissance PME Inc., for a
      total of $1,000,000.
    - Synergy between IMS and Pasquin St-Jean et Associés Inc. produces
      results: 6% improvement in gross profit margin.
    - Sales (fees) posted rose from $1,242,163 in the second quarter of 2006
      to $2,286,182 for the same period in 2007.

    Fees (Sales)

    IMS recorded consolidated sales of $2,286,182 for the second quarter,
ended February 28, 2007, versus $1,242,163 for the three-month period ended
February 25, 2006 - an increase of $1,044,019 (84%) over the previous
financial year.

    Costs

    Selling and administrative expenses for the financial period ended
February 28, 2007 stood at $1,063,234, compared to $519,208 for the period
ended February 25, 2006. Interest on short- and long-term debt totaled $30,796
for the most recent second quarter, versus $26,668 for the previous year.
Other financial expenses rose from $30,039 in 2006 to $49,307 in 2007.
Amortization expenses for tangible, intangible and other assets stood at
$94,132 in the second quarter of 2007, compared to $57,797 for the same period
in the previous year.

    Gross earnings, net results and EBITDA

    IMS posted gross earnings of $1,102,709 as at February 28, 2007, compared
to $568,572 as at February 25, 2006 - a 94% increase. The Company also
generated a net loss of $133,761 versus $44,762 for the same period the
previous year. The loss per share for the corresponding period went from
($0.0030) to ($0.0047). Earnings before interest, tax, depreciation and
amortization (EBITDA) came to $20,929 versus last year's figure of $38,366.
André Tousignant, the Company's President and CEO, stated: "We expect our
productivity to hold over the next few months. This situation, coupled with an
increase in business volume, will make absorption of infrastructure and
management framework costs possible."

    Working capital

    IMS' working capital as at February 28, 2007 was $620,303, compared to
($2,610,432) as at August 31, 2006. This increase in working capital is due
primarily to a reduction in the sales price balance still owing for the
acquisition of Pasquin St-Jean et Associés Inc. As at February 28, 2007, the
outstanding balance on this transaction was $823,746 versus $3,607,875 as at
August 31, 2006.

    MAJOR ITEMS OF CONSOLIDATED FINANCIAL INFORMATION (unaudited)

    The key consolidated financial information presented below for the
three-month period and the six-month period ended February 28, 2007 and
February 25, 2006 are taken from unaudited consolidated financial statements.
The following information should be read in conjunction with the unaudited
consolidated financial statements and the accompanying notes.

                   ----------------------------------------------------------
                     Three-month period ended         Six-month period ended
                   ----------------------------------------------------------
                   February 28,   February 25,    February 28,   February 25,
                          2007           2007            2007           2006
                    (unaudited)    (unaudited)     (unaudited)    (unaudited)
    -------------------------------------------------------------------------
    Fees            $2,286,182     $1,242,163      $4,462,647     $2,574,924
    -------------------------------------------------------------------------
    Net project
     costs          $1,183,473       $673,591      $2,137,619     $1,385,460
    -------------------------------------------------------------------------
    Gross profits   $1,102,709       $568,572      $2,325,028     $1,189,464
    -------------------------------------------------------------------------
    Selling and
     administrative
     costs, and
     share-based
     compensation   $1,063,234       $519,208      $2,284,435       $979,453
    -------------------------------------------------------------------------
    Other revenues
     (expenses)       ($18,546)      ($10,998)       ($23,950)       ($1,300)
    -------------------------------------------------------------------------
    Profits (loss)
     before
     amortization,
     financial
     expenses and
     taxes             $20,929        $38,366         $16,643       $208,711
    -------------------------------------------------------------------------
    Financial
     expenses          $93,077        $56,707        $179,705        $94,640
    -------------------------------------------------------------------------
    Amortization       $94,132        $57,797        $191,673       $113,853
    -------------------------------------------------------------------------
    Before-tax
     profit (loss)   ($166,280)      ($76,138)      ($354,735)          $218
    -------------------------------------------------------------------------
    Taxes             ($32,519)      ($31,376)       ($54,951)       ($7,556)
    -------------------------------------------------------------------------
    Net profit
     (loss)          ($133,761)      ($44,762)      ($299,784)        $7,774
    -------------------------------------------------------------------------
    Base net
     earnings
     (loss)
     per common
     share            ($0.0047)      ($0.0030)       ($0.0110)       $0.0005
    -------------------------------------------------------------------------
    Weighted
     average
     number
     of common
     shares         28,317,438     15,000,000      27,374,357     15,000,000
    -------------------------------------------------------------------------
    

    At the time these financial statements were released, Mr. Tousignant
specified that "The Company's management anticipates continued growth of
business volumes through its consolidation strategy in the consulting
engineering industry, an improved service offering to its existing clients, an
important breakthrough in the municipal market and the development of new
client groups in global markets. The future looks promising."

    ABOUT IMS EXPERTS CONSULTANTS INC.

    IMS is a Canadian firm offering the full range of engineering consulting
services, notably in the building and related technologies sector as well as
in industrial facilities (metallurgy, pulp and paper), energy, municipal
engineering and water management. Since it was founded in 1993, IMS has
established a relation of trust particularly with its repeat clients by
providing them first-rate custom services. IMS relies on a team of nearly
100 highly specialized professionals and technicians.
    Since 1997, considerable marketing efforts abroad have increased IMS's
customer base. Its expertise in light metal production was keenly appreciated
in major fixed assets projects such as the Norsk Hydro plant expansion in
Bécancour, the construction of the magnesium Magnola plant in Danville,
planning of the world's largest magnesium production facilities, AMC, in
Queensland, Australia and, just recently, in an important waterworks project
for the city of Monterrey in Mexico.
    In 2006, IMS proceeded with the acquisition of Pasquin St-Jean et
Associés, an engineering consulting firm specializing in structure for over
25 years and recognized for its expertise in earth and building supports,
concrete and steel framing, structures integrating post-stressing as well as
bridge and viaduct frames. Among the firm's most noteworthy accomplishments
are the Marathon/IBM Tower in Montreal, the Ecole Polytechnique's Bombardier
and Lassonde pavilions, the Montreal and Hull Casinos, the principal place of
business of the Caisse de dépôt et placement du Québec, and the Montreal Eaton
Centre.
    During the Grands Prix du génie-conseil québécois 2007 award ceremony,
IMS's subsidiary, Pasquin St-Jean et Associés, received along with its
partner, Nicolet Chartrand Knoll, a Léonard, an award honouring Leonardo Da
Vinci, in the category Buildings - Structure, for its realization of the
Biological Sciences Pavilion of the Université du Québec à Montréal. The
construction of this pavilion involved, among other challenges, the
conservation of various old buildings part of our architectural heritage. The
Grands Prix du génie-conseil québécois is organized annually by the
Association des ingénieurs-conseils du Québec. Mr. Tousignant mentioned that
he was deeply honoured to receive this award in recognition of the excellent
work conducted by the staff of affiliate Pasquin St-Jean et Associés and he
congratulated the staff for their exceptional accomplishment.

    FORWARD-LOOKING STATEMENTS

    This document may contain forward-looking statements that reflect
management's current expectations about future events. These forward-looking
statements depend on a certain number of factors and involve risks and
uncertainty. Actual results may differ from expected results. Management
assumes no obligation to update or revise these forward-looking statements in
light of new information or future events.

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of the information contained
    in this release.




For further information:

For further information: Claude Beauregard, External Communications
Coordinator, IMS Experts Consultants Inc., (514) 282-8100, ext. 239; Francine
Gauthier, Vice-President, Finance and CFO, IMS Experts Consultants Inc., (514)
282-8100, ext. 227; Media relations: Lise Perras, (514) 767-0667,
lise.perras@videotron.ca

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IMS EXPERTS CONSULTANTS INC.

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