EDMONTON, Oct. 9 /CNW/ - Matrikon Inc. (TSX:MTK) today announced
unaudited preliminary fiscal year 2008 results. Full year revenue is expected
to be approximately $80 million with net income expected to be approximately
$9 million or $0.30 per share. Based on these results and its current
business, Matrikon is pleased to announce a special dividend of $0.07 per
common share in addition to the fourth quarter dividend of $0.03 per common
share. These dividends were approved by the Board of Directors and will be
payable on October 31, 2008 to all shareholders of record on October 17, 2008.
Nizar J. Somji, president & chief executive officer commented: "With
solid revenue growth, record earnings and continued healthy cash flow in the
fourth quarter, we are pleased to reward our shareholders with the second
special dividend of the year."
The dividends are eligible dividends for Canadian tax purposes.
Matrikon expects to release full year results on November 10, 2008.
Conference Call and Webcast
Matrikon President and CEO, Nizar J. Somji and CFO Jonathan Chia will
hold a conference call to discuss full year results on Wednesday, November 12,
2008 at 11:00 am Eastern time (9:00 am Mountain time). To participate live,
call 416-644-3419 in the Toronto area and 1-800-595-8550 for all other areas.
A replay will be available until midnight, December 3, 2008. To access
the playback service, please dial 416-640-1917 in Toronto or 1-877-289-8525
elsewhere. The reservation number is 21285846 followed by the pound sign #.
The conference call will also be webcast and podcast until February 12,
2009 at: http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=2439360
Matrikon (www.matrikon.com) is a leading provider of integrated
industrial intelligence solutions that enable manufacturing plants to achieve
operational excellence by transforming production data into knowledge to
predict and prevent problems and optimize operations. Matrikon's customers
achieve agile operations through the combination of external market and plant
data to make informed, intelligent decisions in real-time. With offices in
major cities throughout North America, Australia, Europe and the Middle East
and a global client base including industry leaders in a wide range of process
industries, Matrikon's reach is global.
Matrikon is a registered trademark of Matrikon Inc.
Forward Looking Statements
In order to provide our investors with an understanding of our current
results and future prospects, our communications often include written or oral
forward-looking statements. This news release and other material filed with
the Canadian securities regulators contain statements that are
forward-looking. These statements are made pursuant to the "safe harbor"
provisions of applicable Canadian securities legislation. These statements
represent Matrikon's intentions, plans, expectations and beliefs and are based
on our experience and our assessment of historical and future trends and the
application of key assumptions relating to future events and circumstances.
These statements may include, but are not limited to, comments about our
objectives and priorities for 2008 and beyond, strategies and targets,
expectations for our financial condition, and the outlook for our operations
and external factors that may impact results, including global economies and
Forward-looking statements require assumptions and involve risks and
uncertainties related to our business and the general economic environment,
many beyond our control. There is significant risk that the predictions,
forecasts, conclusions or projections we make will not prove to be accurate
and that our actual results will be materially different from the targets,
expectations, estimates or intentions expressed in the forward-looking
statements. We caution readers of this information circular not to place undue
reliance on our forward-looking statements.
The future outcomes that relate to forward-looking statements may be
influenced by many factors, including but not limited to: general economic
conditions in the countries in which we operate; currency fluctuations; market
demand for our products and services; our ability to execute projects and
deliver solutions; our ability to execute our strategic plans and to complete
and integrate acquisitions; the degree of competition in the geographic and
business areas in which we operate; our ability to attract and retain
qualified employees and contain payroll costs; our ability to contain
expenses; technological changes and research and development; the length of
the sales cycle required to close larger solution contracts; availability of
financial resources to carry out our strategy; our ability to protect our
intellectual and intangible properties; legal claims; critical accounting
estimates; the possible effects on our business of war or terrorist
activities; disease or illness that affects local, national or international
economies; and disruptions to public infrastructure, such as transportation,
communications, power or water supply. We caution that this list is not
exhaustive of all possible factors.
Other factors could adversely affect our results. For more information,
please see the discussion on the principal risks that could affect our
results, beginning on page 44 of Matrikon's 2007 Annual Report.
When relying on forward-looking statements to make decisions with respect
to Matrikon, investors should carefully consider these factors, as well as
other uncertainties and potential events, and the inherent uncertainty of
forward-looking statements. Unless required by law, we do not undertake to
update any forward-looking statement, whether written or oral, that may be
made from time to time by the company or on its behalf.
For further information:
For further information: Nicole Sayler, Corporate Communications
Director, (780) 945-4010, 877-628-7456 x 4010, email: