Value Microcaps Zip Code Changers

[Bobwins]

SIM.v/SIMFF C$.355

Siyata is starting to get sales from the US. Hopefully this will be the beginning of a series of record sales quarters. US and Canada products are selling at a higher gross margin so as sales move to North America from Israel, gross margins should climb as well.


January 10, 2017
Siyata Mobile Records Sales of $4.1M In Q4 2016, a 52% Increase In Revenue over Q4 2015
Montréal, QC – Siyata Mobile Inc. (TSX-V:SIM / OTC PINK:SIMFF) (the "Company" or "Siyata") is pleased to announce that it has booked over ~$4.1M in Q4 2016 which is the second consecutive record quarter of sales. This represents an increase of 14% over Q3 sales and a 52% increase in sales over Q4 2015.

Marc Seelenfreund, CEO of Siyata Mobile states, “We are very pleased to post another record quarter for Siyata Mobile. Our second half of 2016 showed an increase of 62% over the first half of 2016, and we are confident this sales trajectory will continue as we execute our sales strategy in North America in 2017 and beyond”.

2016 proved to be a year of building infrastructure, growing and rebranding the portfolio of cellular devices while adding to the senior management team. For a full review of Siyata Mobile’s 2016, please see previous press release.
Siyata’s Q4 full financial results will be posted on or before April 30, 2017.