World Outfitters Reports Fiscal 2007 Results for the First Time as a Publicly Traded Company



    BLAINVILLE, QC, March 28 /CNW/ - World Outfitters Corporation ("World
Outfitters" or "the Company") (TSX-V: SAF), a leading sports outfitter, today
released its financial results for the 12 months ended November 30, 2007. The
Company's financial statements and Management's Discussion and Analysis can be
found on SEDAR at www.sedar.com.

    
    2007 Highlights

    -   Revenue increased 15% to $4,838,036, from $4,208,632 in 2006

    -   Net earnings totalled $132,354 compared to $393,162 in 2006

    -   Completed initial public offering, resulting in gross proceeds to the
        Company of $2,000,000

    -   Signed a distribution agreement with Gander Mountain, the largest
        retail network of stores for hunting and fishing in the United
        States, in order to promote caribou hunting in Northern Quebec
        through its "Hunt In-a-Box" concept

    -   Increased bookings for 2008 by 30% compared to the same period the
        previous year
    

    "Quebec offers world class hunting and fishing grounds. Over the last few
years, we have developed a first class caribou hunting experience. The quality
of our service offering has already been recognized as World Outfitters was
recently awarded the first prize in the 2008 Quebec Tourism Grand Prix -
Section Grand Northern Quebec. Our sustained growth also shows our ability to
tap into a significant local and international market," said Nicolas Laurin,
President and Chief Executive Officer of World Outfitters Corporation. "Being
the first North American outfitter to be traded on a public exchange will
enable us to increase our visibility and give us better access to resources in
order to continue developing our service offering and be in an ideal position
to consolidate this very promising industry."

    Financial Review

    Revenue for year ended November 30, 2007 increased 15% to $4,838,036,
compared to $4,208,632 for the same period in 2006.
    Sales and Administrative expenses for fiscal 2007 totalled $1,032,875, or
21% of revenue, compared to $735,550, or 17% of revenue, for the same period
in 2006.
    Net earnings for fiscal 2007 totalled $132,354, or $0.0127 per share on a
fully diluted basis, compared to $393,162, or $0.0394 per share on a fully
diluted basis, in 2006.

    
    Selected Financial Information

                                     Fiscal year ended     Fiscal year ended
                                           November 30           November 30

                                                  2007                  2006
                                                     $                     $


    Sales                                    4,838,036             4,208,632

    Cost of sales                            3,587,594             2,802,661

    Gross margin                             1,250,442             1,405,971

    Selling and administrative expenses      1,032,875               735,550

    Financial expenses                           6,508                 8,001

    Income before income taxes                 211,059               662,420
    

    About World Outfitters Corporation

    As a leading sports outfitter, World Outfitters Corporation's mission is
to provide first-class hunting and fishing trips. In order to become a world
leader in its field, the Corporation is consolidating its position by
acquiring companies based in Northeastern Quebec operating in its line of
business. It intends to rely on recognition of its brand in order to develop
its activities worldwide.

    Forward-Looking Statements

    Certain statements included herein, including those that express
management's expectations or estimates of our future performance, constitute
"forward-looking statements" within the meaning of applicable securities laws.
Forward-looking statements are necessarily based upon a number of estimates
and assumptions that, while considered reasonable by management at this time,
are inherently subject to significant business, economic and competitive
uncertainties and contingencies. We caution that such forward-looking
statements involve known and unknown risks, uncertainties and other risks that
may cause our actual financial results, performance, or achievements to be
materially different from our estimated future results, performance or
achievements expressed or implied by those forward-looking statements. This
list is not exhaustive of the factors that may affect any of our
forward-looking statements. Investors are cautioned not to put undue reliance
on forward-looking statements. All subsequent written and oral forward-looking
statements attributable to World Outfitters Corporation or persons acting on
our behalf are expressly qualified in their entirety by this notice. We
disclaim any intent or obligation to update publicly these forward-looking
statements, whether as a result of new information, future events or
otherwise. Risks and uncertainties about our business are more fully discussed
in our Prospectus.

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

    %SEDAR: 00024407EF




For further information:

For further information: Nicolas Laurin, President and Chief Executive
Officer, World Outfitters Corporation, (450) 971-1800; Eric Bouchard, The
Equicom Group Inc., (514) 844-7997, ebouchard@equicomgroup.com

Organization Profile

WORLD OUTFITTERS CORPORATION SAFARI NORDIK

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