MONTREAL, Aug. 18 /CNW Telbec/ - TeliPhone Corp. (OTCBB: TLPH). TeliPhone
has reported its nine months ending June 30, 2009 financial results showing an
increase in sales from US$863,261 to $1,621,738 from the same period in 2008.
Profits are up from a loss of (91,193$) to a net income of $147,338. The
increase was primarily due to the delivery of services to TeliPhone's newly
acquired customers from its assignment deal with Orion Communications Inc. on
May 7, 2009.
While TeliPhone has been profitable so far for the entire 2009 fiscal
year, the sharp increase in its reported results are from the Orion client
base acquisition occurring over the last 2 months. The Company reported an 11%
Net Income when considering the last 3 months of results, and is currently at
9% for the entire fiscal year.
"Our nine month results are a clear indication that our strategies put in
place since 2008 are clearly working" says President & CEO George Metrakos.
"Our team and TeliPhone's technology permit us to achieve higher profitability
from acquired customers. We plan to continue to seek out opportunities for
growth similar to Dialek in 2008 and Orion in 2009."
About TeliPhone Corp.
TeliPhone Corp. is an Internet-based digital telecommunications company
employing its own technology. Customers of TeliPhone, primarily small and
medium sized businesses, receive more value added services for lower cost when
using TeliPhone. TeliPhone specializes in hosted business telephony systems
that reduce customer capital equipment costs while offering global incoming
and outgoing call services with best-of-breed call quality. For more
information, visit the company website at www.teliphone.us.
This news release contains forward-looking statements that are subject to
various risks and uncertainties. The Company's actual results could differ
materially from those anticipated in such forward-looking statements as a
result of numerous factors that may be beyond the Company's control.
Forward-looking statements are based on the expectations and opinions of the
Company's management on the date the statements are made, and the Company
assumes no obligation to update forward-looking statements should
circumstances in management's expectations or opinions change.
For further information:
For further information: TeliPhone Corp., (212) 738-0008,
email@example.com; www.teliphone.ca/investors Source: TeliPhone