SIM.v/SYATF +.01 to C$.60
July 10, 2017
Siyata Mobile Reports Revenue of $5.2M in Q2 2017, a 150% Increase Over Q2 2016 and 4th Consecutive Quarter of Record Sales
Montréal, QC – Siyata Mobile Inc. (TSX-V:SIM | OTCQB: SYATF) (the "Company" or "Siyata") ) is pleased to announce it has posted record sales of $5.2MM in revenue for Q2 2017. This represents a ~150% increase over the Company’s Q2 2016 sales and an increase of ~7% over Q1 2017 as well as a fourth consecutive quarter of sales growth.
Marc Seelenfreund, CEO and Chairman of Siyata stated, “This was a record quarter for Siyata and a dramatic increase over Q2 2016. We have only begun to realize our large-scale market potential and are excited from the major opportunities that we are working on in North America.”
According to the United States Department of Transportation, in 2015 there were over 12 million fleet vehicles in the United States. Siyata aims to be the leading provider of connected vehicle and mobile hardware solutions as these commercial fleets upgrade their communication platforms to be compatible with next generation networks, PoC solutions and other software applications.
The Company will announce its Q2 2017 results before the end of August 2017.
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