Good morning to you all. Please find enclosed a summary of the great small-cap and micro-cap press releases we highlighted on our TV show this morning. It’s March 20th and we’ve found 3 great press release from both sides of the border to report on at the open. Another great day for the small-cap and micro-cap world.
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Now, onto our show notes for the day.
POINTS INTERNATIONAL LTD (OTCBB : PTSEF TSX:PTS)
Reports Record Fourth Quarter and 2007 Financial Results
Highlights:
– Record Fourth Quarter Revenue of $14.2 Million, up 293% Year-Over- Year
– Record Full Year 2007 Revenue of $31.6 Million, up 170%
– Q4 Transaction Volume – 3.1 Billion Points/Miles, 47% Increase
– Positive EBITDA of $384,136 – First Full Year of Positive EBITDA
2008 Business Outlook:
– Expects to Post Record Revenue and EBITDA for the First Quarter of 2008
– Reaffirms 2008 Revenue Guidance of $65 – $75 Million
– Expect Meaningful and Material Growth in Positive EBITDA Year-Over- Year
Points International Ltd. is owner and operator of Points.com, the world’s leading reward-program management portal. At Points.com consumers can Swap, Earn, Buy, Gift, Share and Redeem miles and points from more than 25 of the world’s leading reward programs.
Participating programs include American Airlines AAdvantage(R) program, American Express(R) Membership Rewards(R), Aeroplan(R), AsiaMiles(TM), British Airways Executive Club, Northwest WorldPerks(R), Wyndham Hotel Group’s TripRewards(R), Delta SkyMiles(R), and InterContinental Hotels Group’s Priority Club(R) Rewards. Redemption partners include Amazon.com(R) and Starbucks.
2.64 (52 Week: 0.88 – 4.27)
INCENTRA SOLUTIONS INC (OTCBB:ICNS)
Reports 2007 Fourth Quarter, Year-End Results
– Total revenues from continuing operations for the 2007 fourth quarter increased 123 percent to $53.6 million, up from $24.1 million for the 2006 fourth quarter.
–
included revenue from acquisitions completed late in the third quarter of 2007.
–
Total revenues from continuing operations for the year ended December 31, 2007, rose 119 percent to $145.8 million, up from $66.6 million for 2006 with year-over-year organic growth in Product revenue of 17 percent and Services revenue of 52 percent.
Net loss for the full 2007 year was $11.9 million, or a $0.63 loss per share, compared to $5.5 million, or a loss per share of $0.40, for 2006. The net loss in 2006 included a $15.4 million gain recognized on the sale of Front Porch Digital which was sold in July 2006.
Outlook for 2008:
Exclusive of any acquisitions, Incentra expects 2008 revenue to be between $200 million and $220 million, approximately 35 to 50 percent higher than revenue in 2007, and the Company believes it will be cash positive for the year.
Incentra Solutions, Inc. is a provider of complete IT services and solutions to enterprises and managed service providers in North America and
0.85 (52 Week: 0.60 – 1.02)
VMS Ventures Inc. (CDNX:VMS.V)
Hole RD-08-26 Assays 21.15m of 2.57% Cu and 3.13% Zn;
RD-08-22 Assays 25.67m of 0.96% Cu and 4.37% Zn and
Hole 08-34 has 35.73m of NSS
update of its ongoing exploration program at the Reed Project Discovery Zone near
Highlights:
RD-08-26: 21.15m (69.39 ft) grading 2.57% Cu, 3.13% Zn
– Including: 3.56m (11.68 ft) grading 7.13% Cu, 2.80% Zn
– Including: 9.45m (31.00 ft) grading 2.57% Cu, 7.22% Zn
RD-08-22: 25.67m (84.22 ft) grading 0.96% Cu, 4.37% Zn
RD-08-29: 11.55m (37.89 ft) of Near Solid Sulphides, Assays Pending
RD-08-34: 35.73m (117.22 ft) of Near Solid Sulphides, Assays Pending
.66