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Voice Mobility Releases Third Quarter Results

^{Published on 2009-11-20 05:03:42 - Market Wire}
 

VANCOUVER, Nov. 20 /CNW/ - Voice Mobility International, Inc. (TSX: VMY, OTCBB: VMII and FWB: VMY), a Vancouver-based developer and provider of carrier and enterprise messaging solutions, announced today that its third quarter financial results are available.

The company posted quarterly sales of $210, loss from operations of ($496,354) and a quarterly comprehensive loss of ($613,266), or ($0.01) per diluted share. These results compare to 2008 quarterly sales of $417,351, loss from operations of ($594,816) and a quarterly comprehensive loss of ($295,731), or ($0.01) per diluted share.

"Investors will see a sharp decline in the sales numbers this quarter as the company undergoes management and marketplace changes," said Bill Krebs, Chairman, Voice Mobility. "The company has been restructuring its operations to increase its focus on the hosted marketplace that is gaining momentum with key partners like Google(R) which offer a variety of Software as a Service (SaaS) or On-Demand Solutions. Economic conditions are speeding the adoption of SaaS services, as they require lower up-front capital costs for users to implement services such as Voice Mobility's Unified Communication solutions."

To access the company's financial results please visit [ www.sec.gov ] or [ www.sedar.com ] and search using the company's name (Voice Mobility).

About Voice Mobility, Inc.

Voice Mobility develops and markets its unified communications product line to enterprise, campus and hosted customers. Our product line includes highly scalable Voicemail, Unified Communication, Fax Service, Interactive Voice Response, and Auto-Attendant applications, as well as unique features like Emergency Event Notification, Mobile Client functionality, Presence, Speech applications and Desktop integration with industry leading software providers. For more information, visit [ www.voicemobility.com ].