Achieves sixth consecutive quarter of record revenues
TORONTO, Aug. 28 /CNW/ - SilverBirch Inc. (TSX-V: SVB), a leading digital
media company, reports it has released its unaudited Consolidated Financial
Statements for the nine months ended June 30, 2008 and the related
Management's Discussion and Analysis of financial position and results of
Revenues for the third quarter of fiscal 2008 were $1,955,000 compared
with $327,000 in the same period last year, an increase of 498%. Revenues for
the nine months ended June 30, 2008 were $4,576,000 compared with $462,000 in
the same period last year, an increase of 888%.
"I am very pleased with our results this quarter," said Derek van der
Plaat, President and CEO of SilverBirch. "With our acquisition of Lighthouse,
proposed acquisition of Red Mile and the pending launch of CrossFire, the
Company anticipates continuing to generate significant revenue gains."
The complete SilverBirch Financial Statements and Management's Discussion
and Analysis are available at http://www.silverbirchinc.com/financial.html and
are posted on www.sedar.com.
About SilverBirch Inc.
Toronto-based SilverBirch Inc. is a leading digital media company
operating in the fastest growing sectors of the video game and mobile markets.
The company's video game operations include SilverBirch Studios, a mobile and
handheld video game developer, Lighthouse Interactive, a publisher of
interactive entertainment based in the Netherlands, and a co-venture with
G4Box Inc. to operate licensed English language online multiplayer games. In
its mobile division it provides mobile marketing services through Jambo Mobile
Solutions and mobile content by way of an investment in CrossRoad Mobile. For
more information see www.silverbirchinc.com.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of the content of this news release.
Forward-Looking Statements - Certain information set forth in this news
release, including management's assessment of future plans, contain
forward-looking statements that involve substantial known and unknown risks
and uncertainties. These forward-looking statements are subject to numerous
risks and uncertainties, certain of which are beyond management's control,
including the impact of general economic conditions, industry conditions, and
currency fluctuations. Readers are cautioned that the assumptions used in the
preparation of such information, although considered reasonable at the time of
preparation, may prove to be imprecise and, as such, undue reliance should not
be placed on forward-looking statements.
For further information:
For further information: Derek van der Plaat, Chief Executive Officer,
SilverBirch Inc., Tel: (416) 621-6711 Ext 34, Email: firstname.lastname@example.org;
Paul Haber, SVP & Chief Financial Officer, SilverBirch Inc., Tel: (416)
621-6711 Ext 35, email@example.com