Sep. 29, 2009 (Filing Services Canada) -- Armada Data Corporation (ARD - TSX Venture), is pleased to announce the Company?s year-end results.
Considering the difficulties of the past year, Management is very pleased with the results the Company has been able to deliver. Revenues increased at all five Company divisions and the Company declared a dividend in the amount of $0.005 per common share to all shareholders of record as at September 1, 2009.
During the year ended May 31, 2009 Armada achieved a number of important milestones.
* The Company reported the 3rd consecutive year of profitability with net
income of $141,146 or $0.01 per share.
* Overall revenue grew from $1,732,944 in 2008 to $2,157,900 or an i
crease of 24.5%.
* Insurance Services revenue increased from $647,769 in 2008 to $734,679
or an increase of 13.4%.
* Retail Services revenue grew from $603,200 in 2008 to $716,197 or an
increase of 18.7%.
* Dealer Services revenue grew from $389,790 in 2008 to $532,734 or an
increase of 36.7%.
* Auto Marketing Group Services revenue grew from $54,866 in 2008 to
$97,899 or an increase of 78.4%.
* Advertising/Marketing Services revenue grew from $37,319 in 2008 to
$76,391 or an increase of 104.7%.
* CarCostCanada.com new membership sales grew from 14,966 in 2008 to
17,288 or an increase of 15.5%.
* For the 8th consecutive year, the Company remained debt-free.
* The total assets of the Company grew from $963,555 in 2008 to
$1,184,070 or an increase of 22.9%.
* The Company?s cash position grew from $593,129 in 2008 to $695,018 or
an increase of 17.2%.
* The Company declared its first dividend of half of one cent per share
Company Outlook
The Company?s outlook is to continue to aggressively increase sales and deliver bottom line results for our shareholders by way of the following:
* Build on the success of the Company?s ongoing sales and marketing
effort
* Focus on increasing sales at Retail Services, Dealer Services and
Advertising/Marketing Services divisions.
* Expand the implementation of our A.C.V. Insurance Services product
offering.
* Maintain operating expenses and achieve the economies of scales of an
Internet based business.
* Continue the expansion of third-party fee-based online advertising.
* Sustain material levels of growth and profitability with ongoing
sequential earnings growth.
* Obtain and achieve cost efficiencies and savings in all operations
where possible.
Management believes that Armada Data Corporation, with its financial resources, is poised for significant growth as it grows its niche markets in all aspects of its Internet and traditionally based businesses.
