VantagePoint Reports Annual Financial Results



    VANCOUVER, Dec. 24 /CNW/ - VantagePoint Systems, Inc. (TSX-Venture: VPG),
a developer of business management software for the packaging industry today
announced its financial results for its fiscal year ended September 30, 2007.
Total revenue for the year increased by 28% from the prior year results.
Revenue increased in every category as compared to the prior year and total
revenue for the year was $12 million, as compared to $9.3 million for the
prior year. All numbers presented in this release have been translated into
U.S. dollars for reporting and comparative purposes.

    
                             FINANCIAL HIGHLIGHTS
                     (All figures in 000's U.S. dollars)
    -------------------------------------------------------------------------
    Years ended September 30th
    -------------------------------------------------------------------------
                                                               2007     2006
    -------------------------------------------------------------------------
    Revenue                                                 $12,015   $9,374
    EBITDA                                                    1,457      660
    EBITDA per share                                           0.10     0.05
    Net income                                                  548      107
    Net income per share                                       0.04     0.01
    Cash balance                                              1,250      374
    

    President and CEO Jim Hennings states "Our positive year to date
financial results is a reflection of the continued progress we're making in
our strategic plan to provide top-quality business software and services
across all segments of the paperboard manufacturing industry. We are seeing
continued loyalty and additional business from our existing customers, and we
are adding new customers who have selected VantagePoint to provide them with
the best software and services available."
    Earnings before, interest, tax, depreciation and amortization ("EBITDA")
were $1.46 million for the year, an increase from prior year results of
$660,000. Net income for the year ended September 30, 2007 was $548,000 or
$0.04 earnings per share as compared to $107,000 in the prior year and
earnings per share of $0.01.

    About VantagePoint Systems Inc.

    VantagePoint develops business software for packaging manufacturing
companies and provides complete implementation, product support, and technical
services to its customers. VantagePoint's software solutions address the
entire spectrum of packaging manufacturing including corrugated packaging,
folding cartons, retail displays, food and beverage packaging, labels, and
multi-wall bags. VantagePoint software operates some of the largest packaging
companies in the world including Smurfit-Stone, Georgia-Pacific, International
Paper, and Menasha Packaging. VantagePoint also operates HRMS, Inc. as a
wholly-owned subsidiary that provides business software for entry to mid-size
corrugated packaging manufacturers. Collectively, VantagePoint's software has
been selected by over 700 packaging plants throughout North America and
internationally, which positions VantagePoint as one of the leading suppliers
of business software and related services to the paper and packaging industry.
    VantagePoint's headquarters are located in Vancouver, BC, Canada, with
offices in Elmhurst, IL and Leicester, UK. VantagePoint trades on the TSX
Venture Exchange under the symbol VPG. For more information, visit
www.vpgroup.com.

    Forward Looking Statements

    Certain statements herein may be "forward looking" statements that
involve known and unknown risks, uncertainties and other factors that may
cause the actual results, performance or achievements of VantagePoint or the
industry to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements. These
statements reflect current assumptions and expectations regarding future
events and operating performance and speak only as of the date hereof. Forward
looking statements involve significant risks and uncertainties, should not be
read as guarantees of future performance or results, and will not necessarily
be accurate indications of whether or not such results will be achieved. A
number of factors could cause actual results to vary significantly from the
results discussed in the forward looking statements. These forward looking
statements are made as of the date hereof and VantagePoint assumes no
obligation to update any forward looking statements to reflect new events or
circumstances.

    Non-GAAP Measures

    The term "EBITDA" refers to net income before deducting interest, taxes,
depreciation, and amortization. Management believes that EBITDA is useful
supplemental information as it provides an indication of the results generated
by the Company's main business activities prior to taking into consideration
how those activities are financed and taxes and also prior to taking into
consideration both tangible and intangible asset amortization. EBITDA is not a
recognized measure under GAAP and, accordingly, shareholders are cautioned
that EBITDA should not be construed as an alternative to net income determined
in accordance with GAAP as an indicator of the financial performance of the
Company or as a measure of the Company's liquidity and cash flows. The
Company's method of calculating EBITDA may differ from other issuers and,
accordingly, EBITDA may not be comparable to similar measure presented by
other issuers.

    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this news release.

    (C) 2007 VantagePoint Systems, Inc. All Rights Reserved.
    BusinessVantagePoint, VantagePoint Accelerate and HRMS are trademarks
    and/or registered trademarks of VantagePoint Systems, Inc. All other
    trademarks are trademarks and/or registered trademarks of their
    respective owners.

    %SEDAR: 00013572E




For further information:

For further information: Press Contact: Tanja Boesche, Communications
Manager, (604) 685-4209 ext. 265, mailto:tanja.boesche@vpgroup.com; Investor
Relations Contact: Michael Rusch, Chief Financial Officer, (604) 685-4209 ext.
252, mailto:michael.rusch@vpgroup.com

Organization Profile

VANTAGEPOINT SYSTEMS, INC.

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