TORONTO, Dec. 10 /CNW/ - SilverBirch Inc. (TSX-V: SVB), a leading digital
media company, announced today that, as a consequence of a number of new
client initiatives, the company is able to provide the following revenue
The fiscal year ending September 30th, 2007 is expected to show gross
annual revenue of $840k, more than doubling the $371k generated in fiscal
2006. Looking ahead, the first quarter of fiscal 2008, ending December 31,
2007 is expected to generate revenues in excess of $1 million, thereby
exceeding the full fiscal year 2007, and Q2 should more than double Q1.
"We acquired several companies and marketing assets throughout fiscal
2007 from which we are now starting to see significant incremental revenue,"
said Mr. van der Plaat, CEO. "I see the growth rate accelerating significantly
in fiscal 2008 as we begin to benefit from the complementary nature of these
To recap, major initiatives in 2007 included the acquisitions of Jambo
Mobile Solutions and Electron Jump Games, a majority investment in Crossroad
Mobile, and the North American licensing of Metin2, a free to play PC based
multiplayer role playing game. The SilverBirch group secured many new clients
in 2007 including Amazon.com, Atari, GameTV, Hallmark, Intrawest, Ogilvy
Action, Pattison Outdoor, Pitney Bowes, Skyzone Entertainment and Zoom Media.
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, please visit www.silverbirchstudios.com
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of the content of this news release.
Forward-Looking Statements - Certain information set forth in this news
release, including management's assessment of future plans, contain
forward-looking statements that involve substantial known and unknown risks
and uncertainties. These forward-looking statements are subject to numerous
risks and uncertainties, certain of which are beyond management's control,
including the impact of general economic conditions, industry conditions, and
currency fluctuations. Readers are cautioned that the assumptions used in the
preparation of such information, although considered reasonable at the time of
preparation, may prove to be imprecise and, as such, undue reliance should not
be placed on forward-looking statements.
For further information:
For further information: Derek van der Plaat, Chief Executive Officer,
SilverBirch Inc., Tel: (416) 621-6711 Ext 34, Email: firstname.lastname@example.org;
Graham Lowman, CFO/Secretary, SilverBirch Inc., Tel: (416) 621-6711 Ext 23,