SolutionInc Limited Announces Most Successful Quarter in Company History



    Company Reports Profitable Quarter Based on an 84% Increase in Revenue

    HALIFAX, Feb. 28 /CNW/ - SolutionInc Technologies Limited (TSX-VEN:STL),
a leader in Internet management, provisioning and billing, released today its
unaudited consolidated interim results for the third quarter ended December
31, 2007 ("Q3 2008").
    SolutionInc recorded quarterly revenue of $1,545,496, up 84% over
revenues of $840,740 for the third quarter ended December 31, 2006 ("Q3
2007"); and positive EBITDA(*) of $337,384, compared to $62,613 for Q3 2007. Net
income for the three months ended December 31, 2007 was $210,429, an
improvement of $256,073 over the loss of $45,644 for the three months ended
December 31, 2006. (The full financial statements and MD&A are also available
on www.sedar.com).
    "The explosive growth of the public Internet access and WiFi market
presents many opportunities for our customers and business partners. By
working closely with them to understand their business, identify opportunities
and provide solutions, we are enabling our customers to remain focused on
their core business while capitalizing on these opportunities," says
SolutionInc's President and CEO Glen Lavigne. "We are confident that our
customer-centric approach will continue to grow our business and allow us to
achieve new milestones. It is a very exciting time for the Company."

    
    Highlights

    - Revenue for the three and nine months ended December 31, 2007 was
      $1,545,496 and $3,296,074, up 84% and 41% respectively over the three
      and nine months ended December 31, 2006;

    - Expenses for the three and nine months ended December 31, 2007 were
      $1,059,038 and $2,958,424, up 35% and 17% respectively over the three
      and nine months ended December 31, 2006;

    - EBITDA for the three and nine months ended December 31, 2007 was a
      positive $337,384 and $161,239, an improvement of $274,771 and $304,381
      respectively over the three and nine months ended December 31, 2006;

    - This improved performance translated into improved cashflows from
      operations, and the Company ended the quarter with a positive cash
      balance of $521,125.

    - Net loss for the nine months ended December 31, 2007 was $153,248, an
      improvement of $297,061 over the nine months ended December 31, 2006.

    (*)EBITDA is defined as earnings (loss) before interest, taxes,
       depreciation, amortization, and stock based compensation expense.
    

    About SolutionInc Limited

    SolutionInc Limited offers a robust IP provisioning and management engine
that makes it easy for hotels and broadband service providers to deploy secure
Internet access and Wi-Fi hotspots. The IP management system includes
award-winning Internet provisioning, authentication, and billing software,
SolutionIP(TM). SolutionInc offers solutions for the hospitality, convention
center, property management, health care and broadband industries.
    SolutionInc is a trademark and a wholly owned subsidiary of SolutionInc
Technologies Limited (TSX-VEN:STL). All other trademarks are the property of
their respective holders. www.solutioninc.com

    SolutionInc Disclaimer:

    Statements about the Company's future plans and intentions, results,
levels of activity, performance, goals or achievements or other future events
constitute forward-looking statements. Wherever possible, words such as "may,"
"will," "should," "could," "expect," "plan," "intend," "anticipate,"
"believe," "estimate," "predict," or "potential" or the negative or other
variations of these words, or other similar words or phrases, have been used
to identify these forward-looking statements. These statements reflect
Management's current beliefs and are based on information currently available
to Management. Forward-looking statements involve significant risk,
uncertainties and assumptions. Many factors could cause actual results,
performance or achievements to differ materially from the results discussed or
implied in the forward-looking statements. These factors should be considered
carefully and readers should not place undue reliance on the forward-looking
statements. Although the forward-looking statements contained in this press
release are based upon what Management believes to be reasonable assumptions,
the Company cannot assure readers that actual results will be consistent with
these forward-looking statements. These forward-looking statements are made as
of the date of this press release, and the Company assumes no obligation to
update or revise them to reflect new events or circumstances. Many factors
could cause the actual results, performance or achievements of the Company to
be materially different from any future results, performance or achievements
that may be expressed or implied by such forward-looking statements,
including: general economic and market segment conditions, competitor
activity, product capability and acceptance, international risk, currency
exchange rates, and technology changes. More detailed assessment of the risks
that could cause actual results to materially differ from current expectations
is contained in the Risk Assessment section of the March 31, 2007 Management
Discussion and Analysis.
    %SEDAR: 00008710E




For further information:

For further information: Media Contact: Natalie Doyle Oldfield, VP
Marketing, SolutionInc Limited, (902) 422-1647, ndoldfield@solutioninc.com

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SolutionInc Technologies Limited

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