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TeleCommunication Systems, Inc.: TeleCommunication Systems to Present at the Canaccord Adams 29th Annual Global Growth Conferen

^{Published on 2009-08-03 07:44:14, Last Modified on 2009-08-03 07:44:21 - Market Wire}
 

ANNAPOLIS, MD--(Marketwire - August 3, 2009) - TeleCommunication Systems, Inc. (TCS) (NASDAQ: [ TSYS ]), a leading provider of mission-critical wireless communications technology, has been invited to present at the Canaccord Adams 29th Annual Global Growth Conference. The conference will be held at the InterContinental Boston on August 11-13, 2009.

TCS management is scheduled to present on Thursday, August 13, 2009 at 10:30 a.m. Eastern time with one-on-one meetings held throughout the day. Management will discuss the company's progress including recently reported second quarter 2009 revenue of $67.1 million up 53% year-over-year and net income of $6.6 million or $0.13 per dilutive share. EBITDA increased 103% to a record $14.5 million or $0.28 per diluted share excluding the $8.1 million gain from the patent sale in the year ago quarter.

For more information about the conference or to schedule a one-on-one meeting with the company, contact your Canaccord Adams institutional sales representative.

About Canaccord Adams, Inc.

Canaccord Adams is a leading independent financial services firm committed to fostering the entrepreneurial economy by bringing corporate and institutional clients a unique perspective on global investment opportunities. With operations in research, sales and trading, and investment banking, its 225 professionals seek out emerging opportunities in key sectors -- mining and metals, energy, technology, life sciences, consumer, real estate, sustainability and infrastructure. Located in ten offices internationally, its experienced team generates focused, actionable ideas that identify opportunity and facilitate growth. Canaccord Adams, the international capital markets division of Canaccord Capital Inc., has operations in Toronto, London, Boston, Vancouver, New York, Calgary, San Francisco, and Houston. More information is available at [ www.canaccordadams.com ].

About TeleCommunication Systems, Inc.

TeleCommunication Systems, Inc. (TCS) (NASDAQ: [ TSYS ]) engineers and delivers highly reliable wireless communications technology. TCS is a leader in wireless text messaging and location-based technology, including E9-1-1 services and commercial applications like navigation that use the precise location of a wireless device, and secure satellite-based communications systems and services. Customers include leading wireless and VoIP carriers around the world, cable MSOs, automotive telematics vendors, and agencies of the U.S. Departments of Defense, State, and Homeland Security. TCS is one of six primary vendors on a $5 billion Army Worldwide Satellite Systems Contract vehicle. For more information, visit [ www.telecomsys.com ].