PowerComm Inc. sets record for quarterly revenue

    EDMONTON, Feb. 13 /CNW/ - PowerComm Inc. (PCG:TSX) today released its
financial results for the quarter ended December 31, 2007. Revenues for the
quarter increased to $19.8 million, the largest single quarter in the
company's history and a 30.2% increase from the $15.2 million in total revenue
for the same quarter in the previous year. Gross margin for the quarter rose
to $3.7 million or 18.9% from $2.7 million or 17.8% in the comparative
quarter. Net earnings declined to $(740,000) for the quarter from $36,000 for
the comparative quarter.
    For the nine months ended December 31, 2007 revenue totaled
$43.7 million, decreasing from the $46.1 million recorded in the comparative
period for the previous year. Net income was $(1,150,000) compared to
$2,304,000 for the comparative period, while gross margins increased from
24.0% to 24.6% for the same period.
    "We are very pleased to set a record quarterly revenue figure after
having a moderate start to the year," said Wayne Rutherford, PowerComm's
President and CEO, "we had predicted the activity increases last summer and
the record revenue validate this," he continued. "Our current backlog of
$11 million of construction projects, continues at record levels," said Mr.
Rutherford, "and we are especially enthused with our Kazakhstan venture which
generated over two-million dollars in revenue in the quarter. The increase in
operating expenses is consistent with our corporate growth strategy and
provides the infrastructure to support anticipated higher sales levels." he
    During the quarter PowerComm opened an office in Saskatoon, Saskatchewan
which became operational in December. As well the company was named one of
Alberta's fifty fastest growing companies for the third consecutive year.
    The complete financial statements and MD&A are available at www.sedar.com
or on the company website, www.powercomm.ca

    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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