WANTED Technologies continues to accelerate revenue growth and generates profits for fiscal year ended June 30, 2007



    
    - Revenues for fiscal 2007 up 62% from 2006
    - Net earnings of $229,917
    - Cash flows from operating activities of $594,797
    - Acquisition of Corzen inc, a leader in advertising sales intelligence
      located in New York City
    

    QUEBEC, Oct. 17 /CNW Telbec/ - WANTED Technologies Corporation ("WANTED"
or the "Company") (TSX Venture: WAN - News), a leading supplier of real-time
sales and business intelligence solutions for the recruitment and media
classified industries, reported its results today for the year ended June 30,
2007. All amounts are in Canadian dollars, unless otherwise indicated.

    Summary of 2007 financial results

    Sales for the year ended June 30, 2007 were $3,093,115, up 62% from
$1,909,295 the previous year. The increase in sales was due to the addition of
new customers and does not include the revenue from the Corzen acquisition
which will only be accounted for starting July 1st 2007. It should be noted
that WANTED derives its revenues from renewable contracts that generate
recurring revenues for the Company. Including the client base acquired in the
Corzen acquisition, at June 30, 2007, contracts in hand represented slightly
more than $4.5 million in annual revenues, an increase of 104% compared to the
value of 2,2 million of the contracts in hand on June 30, 2006.


    
                                                        2007            2006
                                                           $               $
    Sales                                          3,093,115       1,909,295
    Cost of goods sold                                 9,314               -
                                                 ------------    ------------
    Gross margin                                   3,083,801       1,909,295

    Expenses
      Research and development expenses net
       of tax credits                                868,279         595,286
      Marketing and selling expenses                 967,090         769,693
      Administrative expenses                        783,174         667,801
      Financial (revenue), net amount                 (9,368)         17,609
                                                 ------------    ------------
                                                   2,609,175       2,050,389
    Earnings (loss) before other items               474,626        (141,094)
    Other items:
      Exchange loss                                  (51,923)        (43,561)
      Stock-based compensation                       (57,786)       (345,935)
      Severance premium                             (135,000)              -
      Dividends on Class "C" shares                        -        (141,251)
                                                 ------------    ------------
    Net earnings (loss)                              229,917        (671,841)
                                                 ------------    ------------
                                                 ------------    ------------

    Basic and diluted net loss per share               0.011          (0.037)
    Weighted average number of shares
     outstanding                                  20,705,761      18,105,927
    -------------------------------------------------------------------------
    

    The Company's operating costs for fiscal 2007 were $2,609,175, up 27%
from $2,050,389 in fiscal 2006. This increase is directly related to the
strengthening of operating, marketing and administrative structures and
resources to enable WANTED to sustain its sales growth in the upcoming
quarters.
    The net earnings for the year ended June 30, 2007 amounted to $229,917
($0.011 per share) compared to a net loss of $671,841 ($0.037 per share) for
fiscal 2006. This favourable variation of $901,758 is partly attributable to a
62% sales increase, offset by a 27% operating cost increase. Non-cash items
which contributed $487,186 to the net loss for fiscal 2006 were significantly
reduced and affected the net earnings by $57,786 for fiscal year 2007.

    Summary of financial results for the fourth quarter of 2007

    In the fourth quarter of 2007, WANTED achieved sales of $835,063, 40%
more than fourth quarter sales of $597,662 for 2006. The net earnings for the
fourth quarter of 2007 were $12,914 ($0.001 per share), a favourable variation
of $64,716 from a net loss of $51,802 ($0.003 per share) for the same quarter
in 2006.

    Financial position and Corzen acquisition

    At June 30, 2007, WANTED had working capital of $346,890 compared to
$1,879,048 at June 30, 2006. Cash and short-term investments stood at $645,231
at June 30, 2007 compared to $1,804,271 at June 30, 2006. The decrease in
working capital as well as in cash and short-term investments is mainly due
the use of $2,134,689 in cash for the acquisition of Corzen inc, concluded on
June 30, 2007. Total assets were $5,004,600 at June 30, 2007, up $2,424,391
from $2,580,209 at June 30, 2006. The increase in total assets is mainly due
to the acquisition of Corzen inc. as a result of the consolidation of the net
acquired assets of Corzen inc. as well as the recording of intangibles assets
of $1,361,581 and goodwill of $1,407,801.
    "With the acquisition of Corzen, we will be able to bring more value to
our clients and shareholders," said Scott Burton, President and Chief
Executive Officer of WANTED. "These complementary capabilities will also help
accelerate our growth in the media industry vertical". Corzen's product makes
it simple to track external market conditions that affect online advertising
dollars associated with recruitment, real estate and auto sales. Its clients
include Monster, Careerbuilder, Yahoo/Hotjobs, Autotrader and many other media
companies.
    Those interested will be able to access the information in the 2007
audited financial statements, the notes thereto and the management discussion
and analysis via the Internet at www.sedar.com and at the Company's website,
www.wantedtech.com, as of Wednesday, October 17, 2007.

    About WANTED Technologies

    WANTED Technologies is a leading supplier of real-time sales and business
intelligence solutions for the staffing and recruitment, real estate, and
media classified advertising industries. Using its proprietary data mining,
lead generation and CRM (Customer Relationship Management) integrated
technologies, WANTED aggregates data from thousands of online job boards, real
estate, newspapers and corporate Web sites in real time.
    WANTED's data is used to optimize sales and to implement marketing
strategies within the classified ad departments of major media organizations,
as well as by staffing firms, advertising agencies and human resources
specialists.
    WANTED Technologies is also the exclusive data provider for The
Conference Board's Help-Wanted Online Data Series(TM) a monthly economic
indicator of job availability in the United States.

    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release. Any statement that appears prospective
    shall not be interpreted as such.
    %SEDAR: 00022769EF




For further information:

For further information: Mr. Scott E. Burton, President and CEO,
1-866-451-2151, ext. 222; Mr. Martin Auclair, CA, Vice President Finance &
CFO, (418) 523-6663, ext. 337; Source: WANTED Technologies Corp.

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