PowerComm Inc. Announces Results for the Fiscal Third Quarter Ended December 31, 2008

    EDMONTON, Feb. 12 /CNW/ - PowerComm Inc. (PCG:TSX) today reported its
results for the fiscal third quarter and nine months ended December 31, 2008.
Revenue of $21,677,000 for the company was a new record quarter surpassing the
previous record revenue set in the second quarter of this year. The company
had a small Net Loss of $50,000 for the quarter and $837,000 for the nine
months ended. A positive Adjusted EBITDA of $783,000 for the quarter and
$1,216,000 for the nine months ended was realized by the company.
    "We have seen solid performance from all segments of operations as we
focus on growing our company from within," said Wayne Rutherford, President
and CEO, "Margins continue to improve and we have achieved year to date
revenue almost equal to last year's total performance," he concluded.
    "Our manufacturing segment continues to exhibit impressive numbers with
another strong quarter," said Larry Walton PowerComm's General Manager, "By
implementing additional cost controls while increasing efficiencies in this
area, our concentrated efforts are continuing to show positive results." he
    PowerComm has not experienced any major reduction in segment revenues in
the first three quarters however the company did recently reduce its
administration staff to address the uncertain economic conditions and to
position the company to continue to improve financial performance.
    Complete financial information, definitions and MD&A are available on

    Reader Advisory

    The news release contains certain forward-looking statements, including
management's assessment of future plans and operations and capital
expenditures and the timing thereof, that involve substantial known and
unknown risks and uncertainties, certain of which are beyond PowerComm Inc.'s
control. Such risks and uncertainties include, without limitation, risks
associated with the Corporation's ability to market successfully to current
and new customers; supply and demand for PowerComm Inc.'s services and
products and industry activity levels; capital expenditure programs;
projections of commodity prices and costs; the Corporation's ability to obtain
material and equipment from suppliers; operating risk liability; expansion of
services and products by internal growth or acquisition; the Corporation's
ability to obtain additional financing on satisfactory terms; the impact of
general economic and industry conditions; changes in laws and regulations
(including the adoption of new environmental laws and regulations) and changes
in how they are interpreted and enforced; competitive conditions; the lack of
availability of qualified personnel or management; fluctuations in foreign
exchange or interest rates, stock market volatility; and obtaining required
approvals of regulatory authorities. PowerComm Inc.'s actual results,
performance or achievements could differ materially from those expressed in,
or implied by, these forward-looking statements and, accordingly, no
assurances can be given that any of the events anticipated by the
forward-looking statements will transpire or occur, or if any of them do so,
what benefits, including the amount of proceeds, that PowerComm Inc. will
derive therefrom. Readers are cautioned that the foregoing list of factors is
not exhaustive. All subsequent forward-looking statements, whether written or
oral, attributable to PowerComm Inc. or persons acting on its behalf are
expressly qualified in their entirety by these cautionary statements.
Furthermore, the forward-looking statements contained in this news release are
made as of the date of this news release and PowerComm Inc. does not undertake
any obligation to update publicly or to revise any of the included
forward-looking statements, whether as a result of new information, future
events or otherwise, except as may be required by applicable securities laws.

For further information:

For further information: Wayne R. Rutherford, President and Chief
Executive Officer or J.D. Snowdon, Executive Vice President Corporate Services
at (780) 465-7038 or at info@powercomm.ca

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