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Odesia presents its 2009 third quarter results

^{Published on 2009-11-26 04:09:38 - Market Wire}
 

 ------------------------------------------------------------------------- ------------------------------------------------------------------------- Selected financial information (unaudited) ----------------------------------------------- For the three-month For the nine-month period period ended September 30, ended September 30, 2009 2008 2009 2008 ------------------------------------------------------------------------- Sales 3,218,018 4,350,008 10,671,617 12,856,673 ------------------------------------------------------------------------- EBITDA * 107,534 194,752 (98,421) 99,052 Net earnings (loss) and comprehensive income (loss) 23,971 (132,077) (499,225) (1,548,730) ------------------------------------------------------------------------- Basic and diluted net earnings (loss) per share $0.001 ($0.005) ($0.017) ($0.055) ------------------------------------------------------------------------- * EBITDA is defined as earnings before amortization of tangible and intangible assets, financial expenses, and income taxes Additional highlights - The Company realized operating cash flows of $50,722 in the third quarter of 2009 and $206,375 for the first nine months of its fiscal year; - At the end of the quarter ODESIA revitalized its board of directors with the nominations of two new board members, Mr. Michael Perrault and Mr. Timothy R. Murdoch, to replace outgoing directors; - The Company announced a strategic partnership with InterTrade allowing for the launch of a new business solution to help decision making for supply-chain optimization. This agreement will allow for the combination of ODESIA's business-intelligence expertise and InterTrade's network of customers, mostly located in the United States. Additional information on the three- and nine-month period ended on September 30, 2009 

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