AtmanCo Announces the Results of First Quarter for 2014
27 Mai 2014 - 1:30PM
Marketwired Canada
AtmanCo Inc. ("AtmanCo " or the "Company ") (TSX VENTURE:ATW), a leader and
innovator in web psychometric test solutions for recruitment, organizational
development and talent measurement within companies, announces today its results
for the 3-month period ending March 31st, 2014.
The highlights of the quarter:
-- The company accepted an offer to sell the assets from their cyberhealth
division. The company predicts receiving $610 000 cash minus the charges
associated with this transaction and the deferred revenues of
discontinued operations. The company plans to close this transaction in
the 2nd trimester of 2014.
-- The Company announces revenues in the amount of $168 993, compared to
$216 339 for the comparable quarter of 2013 and deferred revenues in the
amount of $662 142 as of March 31st 2014 for continuing operations,
compared to $284 462 as of March 31st 2013 and $531 128 as of December
31st 2013.
-- The company announced on May 26th 2014 the signature of a letter of
intent for a private placement of 1 458 000$. The transaction's closing
date is intended for or towards the 6th of June 2014. This transaction
is subject to certain conditions, including without limitation,
obtaining all regulatory approvals.
-- The Company announced an agreement with Transat A.T. inc., leader in the
holiday travel industry in Canada, giving them an unlimited access to
AtmanCo's platform of psychometric tests.
-- AtmanCo announced on May 1st the opening of a technology and
representative office in San Francisco, in the Silicon Valley, in order
to allow the Company to expand in the new consumer market via social
networks.
"The digital strategy that we put into place with the help of our qualified
experts allow us to be present on the web in order for our AtmanCo name to stand
out and to promote our services and close sales easier. The efforts invested in
this web strategy throughout the first trimester will allow us better target our
clients and propose solutions adapted to their particular realities, in order to
have a positive effect on our reputation during the course of the year",
declared Michel Guay, President and CEO of AtmanCo.
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in thousands of $ March 31st March 31st
(except amounts per share) 2014 2013
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Extracted from the interim
consolidated statements of
comprehensive income of continuing
operations (human resources field)
Revenues 169 216
Net earnings of continuing
operations (269) (207)
Net earnings per basic and fully
diluted share for continuing
operations (dollar per share) (0,01) (0,01)
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in thousands of $ March 31st March 31st
(except amounts per share) 2014 2013
----------------------------------------------------------------------------
Extracted from the interim
statements of results of
discontinued operations
Revenues 124 138
Net earnings of discontinued
operations 41 (50)
Net earnings per basic and fully
diluted share for continuing
operations (dollar per share) 0.00 (0.00)
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----------------------------------------------------------------------------
in thousands of $ March 31st March 31st
2014 2013
----------------------------------------------------------------------------
Extracted from interim consolidated
statements of cash flows
Cash and cash equivalents 500 509
Deferred revenues 662 531
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Above data comprise a summary of highlights. For further information, please
consult the Corporation's consolidated financial statement as well as the
Management Report for the fiscal year ending March 31st 2014 at www.sedar.com.
Certain information appearing in this press release may be of a "prospective"
nature comprising known and unknown risks, uncertainties, forecasts and other
factors liable to materially affect actual outcomes, performances or
accomplishments of the Company or industry results compared to all results,
performances or accomplishments arising expressly or implicitly from information
of a prospective nature. When used in this press release, information may
include terms such as "anticipate", "estimate", "may", "will", "expect",
"predict that", "presume" or "contemplate" and other terminology. These
particulars reflect current expectations concerning future events and
operational performance, and are valid solely on the date of this press release.
Unless required by law, we will assume no obligation to update or revise
prospective information in order to convey new events or circumstances.
Additional information pertaining to the Company is available on SEDAR at
www.sedar.com
ATMANCO'S PROFILE
Field of human resources
Using a management interface (Web platform) that is among the most advanced,
AtmanCo helps executives and managers recruit qualified human resources by
placing the right person in the right position.
By quickly obtaining results of psychometric tests, comparing profiles to job
norms and generating complementarity reports, managers are equipped throughout
their human resources processes.
The Company stands out in its marketing approach via its Website, direct sales
and partner network. For further information, visit www.atmanco.com
The TSX Venture Exchange and its Regulatory Services provider (as per meaning
assigned to this term in TSX Venture Exchange's policies) bear no liability as
to the relevance or accuracy of this press release.
FOR FURTHER INFORMATION PLEASE CONTACT:
SOURCE :
AtmanCo inc.
Edith Bourgeois
CFO
514.935.5959 ext. 304
www.atmanco.com
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