2008 Q1 revenues exceed full fiscal 2007 revenues
TORONTO, Feb. 29 /CNW/ - SilverBirch Inc. (TSXV: SVB) announces first
quarter 2008 revenues of $860,468 versus $387,178 for the fourth quarter of
2007, representing 120% quarter over quarter growth.
"Our mobile acquisitions during the year allowed us to secure several
comprehensive client relationships that are now accelerating growth for the
company," said SilverBirch CEO, Derek van der Plaat, "while revenue growth was
quite substantial, it fell somewhat short of our $1MM target due to unforeseen
delays in transferring customer accounts from previous suppliers."
The complete SilverBirch Financial Statements and Management's Discussion
and Analysis are available at www.sedar.com.
About SilverBirch Inc.
Toronto-based SilverBirch Inc. is a leading digital media company focused
on the fastest growing sectors of the video game and mobile markets. Operating
companies include Jambo Mobile Solutions, a fully integrated mobile media
company with capabilities in mobile messaging and mobile content delivery, and
SilverBirch Studios, a multi-platform video game developer and operator of an
MMORPG (massive multiplayer online role-playing game) called Metin2 (see
www.metin2.us). For more information, visit www.silverbirchstudios.com and
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of the content of this news release.
For further information:
For further information: Derek van der Plaat, Chief Executive Officer,
SilverBirch Inc., Tel: (416) 621-6711 Ext 34, Email: email@example.com;
Graham Lowman, CFO/Secretary, SilverBirch Inc., Tel: (416) 621-6711 Ext 23,