Eloda Corporation announces its results for the second quarter of 2007

    MONTREAL, Aug. 29 /CNW Telbec/ - Eloda Corporation ("Eloda" or the
"Company") (TSX-V: ELA), today announced its results for its second quarter
ended June 30, 2007.
    For the quarter ended June 30, 2007, Eloda's revenues amounted to $62,496
compared to $56,729 for the same period in 2006. This represents a slight
increase from last year's second quarter. For the same period, loss before
financial expenses, income taxes on earnings, depreciation, and amortization
(EBITDA(1)) stood at $1,733,704 compared to $1,174,768 for the same period in
2006. The increase was due primarily to a rise in operating expenses following
the launch of the Company's products and services and expenses incurred in the
second quarter of 2007 to establish the Company's presence in the United
States.
    Net losses totalled $1,809,391 or $0.04 per share for the second quarter
ended June 30, 2007, against $1,238,348 or $0.03 per share for the second
quarter ended June 30, 2006.

    
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                             Three-month period           Six-month period
                                ended June 30,              ended June 30,
                       ------------------------------------------------------
                              2007          2006          2007          2006
                       ------------------------------------------------------
                                 $             $             $             $
    -------------------------------------------------------------------------
    Revenues                62,496        56,729       135,094       119,923
    -------------------------------------------------------------------------
    EBITDA(1)           (1,733,704)   (1,174,768)   (4,293,936)   (2,262,978)
    -------------------------------------------------------------------------
    LOSS                (1,809,391)   (1,238,348)   (4,440,308)   (2,390,152)
    -------------------------------------------------------------------------
    Loss per share           (0.04)        (0.03)        (0.06)        (0.05)
    -------------------------------------------------------------------------


    About Eloda Corporation

    Eloda Corporation is an independent third party providing a suite of
innovative, effective and user-friendly measurement and validation tools for
the advertising industry. Using its technology, Eloda is the first company to
offer a new generation of capture-index-verify applications that allow for
occurrence proof-of-performance without the traditional need for pre-encoding.
Founded in 2000, the Company is headquartered in Montreal, with sales offices
in Toronto, New York and Chicago with a U.S. operations center in Parsippany,
New Jersey. The company offers its TV ad proof-of-performance services to
advertisers and agencies in both Canada and the United States. Eloda
Corporation's securities are traded on Canada's TSX Venture Exchange under the
symbol ELA.

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

    ----------------------------
    (1) Definition of EBITDA: Earnings (loss) before financial expenses,
        income taxes on earnings, depreciation and amortization. EBITDA is
        presented as an additional measurement of earnings to help readers
        determine the Company's capacity to generate liquidity from its
        activities and defray its financial expenses. It is also an indicator
        widely used for evaluation purposes. Because this term has no
        standardized meaning under Canadian generally accepted accounting
        principles, it may not be comparable to similar measurements used by
        other companies.
    

For further information:

For further information: Jean Charles Dupuis, CEO, Eloda Corporation,
(514) 842-1513, Fax: (514) 842-4588, jcdupuis@eloda.com; Sonia Ferland,
Communications Coordinator, Eloda Corporation, (514) 842-1513, Fax: (514)
842-4588, invest@eloda.com