Intouch Insight Ltd (INXSF)

[MikeDDKing]

Here is a nice INX.V / INXSF post I found.

From: GARY P GROBBEL 4/4/2011 10:35:12 AM
Read Replies (1) of 4461

INX.v, INXSF.pk...FORECAST IS FOR 25% RISE IN REV FOR 2011.....talked with mgmt last week and was impressed by first the new website which CEO thinks gets across their capabilities in the new MOBILE world in a more defined manner as linked with their patented technologies for data capture.
They are now being followed by Globalstockiq.com AND very soon now there is going to be a research report out on this company which should open some eyes and wallets about the future of the mobile world and INX's place in that world.
If you go to the new www site: www.intouchsurvey.com
You can get a better idea now of how their service intereconnect to serve their clients and why their business is beginning to throw off some large and larger numbers. The KEY factor about their ability to serve their clients so well IS THAT THEIR APPS CAN WORK ON ANY DEVICE OUT THERE, MORE AND MORE APPS ARE COMING AND THE MILITARY IS NOW BECOMING A LARGER PORTION OF THEIR BUSINESS. The fact that their business apps are ubiquitous may be something only they can provide--I think that may be the case but have to do more work on it.
The 4th qtr pre lim numbers are solid. Company sees increasing demand from Fortune 100 clients for specific apps for specific data mining purposes that should give them the forecast they described for the year already begun. I have stated before that I think this stock is grossly undervalued esp given their much stronger numbers and forecast AND the increasing use of their apps by commercial and military alike--and more apps coming. I think their presence in the mobile world is growing quickly and at .35 per sh investors with patience are getting a helluva deal. My near tern forecast for the stock is 1.00 end of June and if thinks remain in trend then possibly 2.00 by year end--if not more. I don't see anything out there right now that could hurt then except a general economic slowdown and that is not in the cards. 10k should be out within days and there should be add'l new then. gpg

Press Release Source: IN-TOUCH SURVEY SYSTEMS LTD. On Monday January 31, 2011, 4:00 pm EST

OTTAWA, Jan. 31 /CNW/ - In-Touch Survey Systems Ltd. ("In-Touch" TSX-Venture: INX) announces preliminary financial results for Q4 2010, and FY 2010. The Company begins its 2010 audit at the end of February and final results will be released once the audit is complete and the Board of Directors approves the Financial Statements.

Revenue increased 9% to approximately $1,500,000 in Q4 2010 compared to $1,381,506 in Q4 2009. The Company expects net earnings for Q4 2010 of approximately $140,000, an increase of 163% compared to a loss of $222,913 in Q4 2009. The Company-defined adjusted EBITDA increased 90% to approximately $300,000 in Q4 2010, compared to an EBITDA of $157,000 in Q4 2009.

Annual revenues for 2010 are expected to exceed $5,800,000, an increase of 7% compared to revenues of $5,479,081 for FY 2009. Annual net income increased approximately 160% to $700,000 compared to a loss of $440,377 last year. EBITDA of approximately $1,200,000, an increase of 410%, was realized for the year compared to $293,000 for 2009.

"We are very pleased with our 2010 financial and business performance. The turmoil of the 2008-09 recession and meltdown in the financial sector was a major business challenge. I credit our strategy, our customers, but most of all the resiliency of our employees to fight through the challenges and deliver these exceptional results", said Michael Gaffney, Chief Executive Officer.

"Fiscal 2011 revenue targets are on track to more than triple the 7% growth rate of 2010 and we anticipate 2011 revenues to be at least 25% higher than 2010", said Gaffney.

On January 25, 2010, the Company granted options to purchase up to 260,000 common shares at an exercise price of C $0.20 per share to employees and officers of the Company pursuant to the Company's stock option plan. The options granted are valid until January 24, 2014. These grants are subject to regulatory approval. The Company's stock option plan expires August 31, 2013.

Certain statements included in this news release contain forward looking statements, which by their nature are necessarily subject to risks and uncertainties and other factors that may cause actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such statements reflect the Company's current views with respect to future events, and are based on information currently available to the Company and on hypotheses which it considers to be reasonable; however, management warns the reader that hypotheses relative to future events which are beyond the control of management could prove to be false, given that they are subject to certain risks and uncertainties.

The TSX Venture Exchange has not reviewed the foregoing and has neither approved or disapproved the contents of this press release.




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