Cantronic Systems Corporation. (“Cantronic” or even the “Company”) (TSXVENTURE:Carpal tunnel syndrome)(PINKSHEETS:CRIXF) today introduced its financialresults for that 4th quarter and twelve-month period endedJanuary 31, 2012 (“FY 2012”). All amounts are reported in Canadiandollars unless of course otherwise mentioned. Selected highlights of the season: Financial: — Revenue of $17.two million from ongoing procedures, an increaseof 48% in comparison to $11.six million for that previous fiscal year.
–Modified EBITDA (a non-GAAP term) from ongoing procedures was$1.46 million in comparison to $1.50 million for that previous fiscalyear. The Organization uses modified EBITDA (a non-IFRS financialmeasure) internally to create proper choices, forecast futureresults and evaluate its performance, understood to be net gain beforeinterest, taxes, depreciation, amortization, stock optioncompensation expenses, forex loss, and minorityinterest. — Gross margin from ongoing procedures of $6.0million (35% of revenue) in comparison to $4.3 million (37% of revenue)for that previous financial year. — Internet loss from continuingoperations was $30K versus. s.
a net gain of $1.07 million in FY 2011.————————————————————————–Operating results ($000’s except per share amounts)————————————————————————–Fiscal 2012 Fiscal 2011————————————————————————–4th Fiscal 4th Fiscal Quarter Year Quarter Year————————————————————————–Revenue from Ongoing Procedures 5,422 17,245 3,208 11,614————————————————————————–Modified EBITDA 1,456 1,514 1,499 2,663————————————————————————–Net gain due to the proprietors of the organization 98 278 28(1,127)————————————————————————–Internet earnings (loss) per share, fundamental and diluted $.001 $.003$.000 ($.013)————————————————————————– Cantronic is very happy to announce the appointment of Ms Tanya Yangto Cantronic’s Board of Company directors being an independent director. MsTanya Yang is really a registered Professional Engineer in BritishColumbia and was finished College of Bc witha Master of Engineering degree in 1995. Cantronic can also be very happy to announce the grant of you use 5million investment towards the management and company directors. Regulating Filings The fabric is going to be available through SEDAR at as well as on the business’s website, . About Cantronic Systems Corporation.
Cantronic Systems Corporation. manufactures, distributes, and providestraining and services within the fields of IP-based networked videosecurity surveillance technologies, concentrating in networked videomanagement software and video statistics, IP cameras, speed domecameras, hd video surveillance cameras and nightvision surveillance systems for demanding security and surveillanceapplications. Cantronic, through its China subsidiaries Cantronic SecuritySystems (China) Co. Ltd., Beijing Advanced Videoinfo Technology Co.Ltd. (“AVINFO”), and Actiontop Electronics (Shenzhen) Co.
Ltd.(“Actiontop”) provides high-speed and digital networked videosurveillance methods to government and company clients inChina. Cantronic is really a Tier 1 company around the TSX-V exchange, buying and selling underthe symbol Carpal tunnel syndrome. For more details about Cantronic andCantronic China, check out our websites at and .cn. Forward-searching claims What is the news release consists of forward-searching claims, within themeaning of relevant investments legislation, concerning CantronicSystems Corporation. and also the marketplaces that works.
Forward-lookingstatements involve known and unknown risks, questions and otherfactors that could cause actual results, performance and achievementsof Cantronic to become materially not the same as any future results,performance or accomplishments expressed or implied by saidforward-searching claims. Forward-searching claims include, but aren’t restricted to: thecompletion from the Suggested Transaction, anticipated share capitalfollowing completing the Suggested Transaction, anticipation,opinions, predictions, forecasts along with other similar statementsconcerning anticipated future occasions, conditions or results thatare not historic details. In some cases, forward-lookingstatements could be recognized through words for example “plans,””needs” or “doesn’t expect,” “is anticipated,Inch “budget,””scheduled,” “estimations”, “predictions”, “expects”, “anticipates” or”doesn’t anticipate”, or “thinks”, or versions of these wordsand phrases or claims that particular actions, occasions or results”may”, “could”, “would”, “might” or “is going to be taken”, “occur” or “beachieved.” Visitors are informed to not place undue reliance upon suchforward-searching claims. Forward-searching details are providedas from the date of the news release, and Cantronic Systems Corporation.assumes no obligation to update or revise these to reflect newevents or conditions, except as might be needed under applicablesecurities laws and regulations.
Neither TSX Venture Exchange nor its Regulation Services Provider(as that term is determined within the guidelines from the TSX VentureExchange) accepts responsibility for that adequacy or precision ofthis release. Contacts: Cantronic Systems Corporation. James Zahn Ceo 604-516-6667 ext 228 / .cn Copyright @ Marketwire.
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