OTTAWA, Nov. 27 /CNW/ - RAMTelecom Inc. (TSXV:RTC) today announced the
continuation of growth for the 2007 third quarter interim financial and
operating statements, ended September 30, 2007. The highlights provided in
this press release should be read in conjunction with the Corporation's
unaudited interim financial statements and Management Discussion and Analysis
for the third quarter of 2007, found on SEDAR.
RAMTelecom CEO, Ralph Misener, commented, "We are very pleased with the
Corporation's progress and increased revenues over the past year. Expansion
into underserved markets increases on a monthly basis as the demand for
"carrier-grade" satellite services grows."
Three Months Ending Q3 2007 Q3 2006
Revenues $ 1,262,505 $ 885,733
Cost of Sales $ 898,752 $ 590,308
Gross Margin $ 363,573 $ 295,425
Net Loss $ (260,233) $ (479,450)
EBIDTA $ (60,359) $ (143,072)
The Corporation continues to achieve significant increases, with reported
third quarter revenue of $1,262,505, representing a 43% increase over the
Corporation's revenues of $885,733 for the third quarter of 2006. The
Corporation also reported a loss, net of non-cash expenditures, of $72,515,
compared to a larger third quarter 2006 loss, net of non-cash expenditures, of
The third quarter of 2007 had total gross margins of $363,573
representing a rate of 29.6% compared to $295,425 or 33.3% for the third
quarter of 2006. The decrease in the gross margin is directly attributable to
the continued strong mobile equipment sales that provide for lower margins
experienced for the second straight quarter.
The Corporation's improved third quarter 2007 financial results are a
combination of increased revenues in both satellite divisions. The RAMTelecom
Linkstar(R) service sales continue to grow in Western Canada in the oil and
gas and mining sectors. In October 2007, the Corporation announced a new
contract with ShopCast TV to provide satellite services to 60 Walmart (Canada)
stores in support of advertising file delivery for internal broadcast over the
in-store television network. As of November 15, 2007, 30 site installations
had been completed. A technology review will be completed by early January
2008, to determine the feasibility of further satellite utilization.
About RAMTelecom Inc.
RAMTelecom Inc. (TSXV:RTC) is a satellite service provider delivering
flexible, scalable solutions for broadband data and voice business
communications. Its fixed and mobile satellite-based communication services
and value-add solutions are designed for medium and large enterprises in oil
and gas, mining, and forestry and government agencies. With complete coverage
of the North American market, the Corporation's satellite broadband services
help organizations achieve greater operational efficiency by providing
continuous real-time communications between central offices and remote
locations anywhere in North America.
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or accuracy of this release.
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For further information:
For further information: RAMTelecom Inc., Ralph Misener, President and
CEO, Tel: (613) 747-1836 Ext 125, Email: email@example.com; CHF Investor
Relations, Alison Tullis, Account Manager, Tel: (416) 868-1079 Ext 233, Email: