Despite the Global Recession ODESIA Almost Doubled its EBITDA in the First Quarter of 2009


    MONTREAL, May 28 /CNW Telbec/ - ODESIA Group Inc. ("ODESIA") (TSX
VENTURE:ODS) announced today its results for the first quarter ended March 31,
    During this transition year, management focuses on the production of
earnings. The Company has therefore generated earnings before amortization of
tangible and intangible assets, financial expenses, and income taxes (EBITDA)
of $137,000; almost double the $72,000 realized during the same quarter last
year. This increase is mainly attributable to the restructuring of the
operating expenses.
    The sales of the Company have decreased by nearly $239,000 or 5.6%; from
$4,236,000 in Q1 2008 to $3,997,000 in Q1 2009. This decrease in sales is the
result of the economic crisis on the Mexican operations. However ODESIA has
increased significantly its sales force in Mexico in order to correct this
    "Despite the current economic conditions, we are confident we will be
able to at least maintain our 2009 first quarter's sales level for each of the
remaining quarters of fiscal year 2009" said Nicolas Bonnafous, President and
    Selected financial information

    ($000's except per share amounts)                  For the first quarter
                                                              ended March 31,
                                               2009                     2008
    Sales                                     3,997                    4,236

    Earnings before amortization of
     tangible and intangible assets,
     financial expenses, and income taxes       137                       72

    Net loss and comprehensive loss             (17)                    (218)

    Basic and diluted loss per share         (0.001)                  (0.008)
    Shareholders' Annual Meeting

    The Shareholder's Annual Meeting will be held at 10 am on June 16, 2009
at the St-Sulpice Hotel in Montreal. The meeting will be presided by Mr.
Jacques Topping, Chairman of the Board of Directors. Nicolas Bonnafous,
President and CEO will also address the audience. Furthermore, the management
team will be available to answer questions.

    About ODESIA

    ODESIA is an international corporation specialized in BI solutions,
decision processes and data warehousing for large corporations. The management
team at ODESIA has extensive knowledge and experience in leading the execution
of BI processes in large enterprises. The team of some 200 professionals
offers a high level of service and specialization. The company's goal is to
provide customers a complete solution, no matter the technical challenge. For
more information, visit us at

    Forward-looking statement

    This press release contains forward-looking statements which reflect
ODESIA's current expectations regarding future events. The forward-looking
statements involve risks and uncertainties. Actual results could differ
materially from those projected herein. Readers are cautioned against
exaggerated confidence in any information of a prospective nature. ODESIA
rejects any obligation to revise or update the forward-looking statements
contained in this press release.
    The consolidated financial statements and management's discussion and
analysis are now available on SEDAR (

For further information:

For further information: Nicolas Bonnafous, President and CEO, ODESIA
Group Inc., (514) 876-1155,;

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