EmerGeo Announces Q2 Financial Results
Vancouver, B.C., – November 30, 2009 – EmerGeo Solutions Worldwide Inc. (TSX-V: EMG), a leading provider of emergency management software and consulting services, today announced financial results for the three-month period ending September 30, 2009.
Highlights for the Quarter:
- Record revenues: $1,048,529, up 102% from $518,587 for the same period in the prior year.
- Gross margin: 36% for 2009, up from 32% for the same period in the prior year.
- Operating costs: $701,617, up from $615,073 for the same period in the prior year.
- Improved bottom line: Net loss of $367,223 compared to $443,090 for the same period in the prior year.
- Cash flow from operations: Improved negative cash flows from operations of $453,316, compared to negative $628,801 for the same period in the prior year.
Sales:
Sales for the second quarter of fiscal 2010 were $1,048,529, an increase of $529,942 or 102% over the same period in the prior year. Increases in EmerGeo’s emergency management professional services in the Middle East provided strong growth in the quarter.
Other highlights:
- EmerGeo announced that its subsidiary Emergeo Software Solutions Middle East LLC has secured an AED 1,935,000 (C$615,000) strategic contract within the United Arab Emirates (UAE) in the Middle East. (July, 2009).
- Subsequent to quarter end, EmerGeo announced a new $1,000,000 debt financing with Working Opportunity Fund (EVVC) Ltd. that will be used to accelerate the Company’s international expansion with investment in sales and marketing, software development and support services. (October, 2009).
- Subsequent to quarter end, EmerGeo announced a contract award from the City of Vancouver. EmerGeo’s software and services will be used in a federally funded project titled: “Integrating Situational Awareness: Publishing Alerts, Incident Information, Roadway Impacts, and Critical Infrastructure Data”. The goal of the project is to increase situational awareness within the City of Vancouver and help the Vancouver Office of Emergency Management achieve its vision of a disaster resilient Vancouver. (November, 2009)
A complete set of Q2 2010 Financial Statements and Management Discussion & Analysis are available on EmerGeo’s corporate website, http://www.emergeo.com/.
In addition, EmerGeo is pleased to announce that the Company will host a conference call to update investors on Friday, January 8, 2010, at 10:00 AM Pacific Time (1:00 PM Eastern Time).
Mike Morrow , President and CEO of EmerGeo will provide a corporate update and discuss current plans for the Company. The Management Team will be available to respond to questions at the end of the update.
Investors, brokers, analysts, and media are encouraged to join the call through one of the following phone numbers:
- Canada and USA: 1-800-732-6870 1-800-732-6870
- International: 1-212-231-2905 1-212-231-2905
If you are not able to listen in on the conference call, we will make it available online at 4:00 PM Pacific Time (7:00 PM Eastern Time) on our corporate web site, http://www.emergeo.com/.
We look forward to having you listen to this update and to your questions.
About EmerGeo
EmerGeo develops emergency management software solutions and provides consulting services and support to government and industry around the world. EmerGeo’s FusionpointTM and emergency mapping applications are used to log, track and communicate critical information required by emergency and security personnel. By leveraging open web standards, EmerGeo’s software brings together data from dispatch, crisis management, mapping, camera and other third-party systems, providing a common operating picture. EmerGeo’s technology and people have been at the forefront of some of the world’s largest disasters and are proven effective in helping government and industry to mitigate against, prepare for, respond to and recover from potential or actual incidents, natural disasters, acts of terrorism, or pre-planned events.
On behalf of the Board of Directors,
EMERGEO SOLUTIONS WORLDWIDE INC.
“Michael Morrow”
Michael Morrow
President & CEO
For more information contact the Company at:
Telephone: (604) 604-681-0989
Facsimile: (604) 604-681-0079
Email: info
emergeo
com infoemergeocom
Website: http://www.emergeo.com/
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release. We seek Safe Harbor.
“Protecting People, Property & the Environment“
EmerGeo Announces Contract to Help Protect Critical Infrastructure in Vancouver
Vancouver, B.C., – November 24, 2009 – EmerGeo Solutions Worldwide Inc. (TSX-V: EMG), a leading provider of emergency management software and consulting services, is pleased to announce a contract award from the City of Vancouver. EmerGeo’s software and services will be used in a federally funded project titled: “Integrating Situational Awareness: Publishing Alerts, Incident Information, Roadway Impacts, and Critical Infrastructure Data”. The project’s goal is to increase situational awareness within the City of Vancouver and help the Vancouver Office of Emergency Management achieve its vision of a disaster resilient Vancouver.
“We are pleased to be supporting this strategically important project for the City of Vancouver”, said Michael Morrow, President and CEO of EmerGeo Solutions. “The City is advancing its existing implementation of EmerGeo Fusionpoint™ software to bring together critical information collected from 9-1-1 dispatch and ETeam® crisis management software. EmerGeo software will automatically detect any critical infrastructure near incident locations recorded by these systems, then immediately notify key staff that may need to respond”, explains Morrow. The Fusionpoint system will have the ability to publish some of this data for consumption in other software applications used by stakeholders.
“When developing Fusionpoint, we recognized that agencies have significant investments in crisis management, public safety, mapping and other corporate systems. Our goal is to provide a platform that brings together data from these systems, displays it in meaningful ways in a web-based dashboard and provides “actionable intelligence. Our software gives customer’s a way to cost-effectively leverage their investments in existing systems and data – rather than having to replace anything”, clarifies Morrow.
The project will conclude on March 31, 2010 and the collaborators with the City and EmerGeo include:
- GeoConnections – a national partnership program led by Natural Resources Canada. The program works with partners in four thematic areas (public health, public safety and security, environment and sustainable development, and Aboriginal matters) and in the geomatics technology development domain;
- E-Comm (Emergency Communications for Southwest British Columbia) – provides the City of Vancouver and other jurisdictions with emergency services radio system, dispatch services, and a number of records management services;
- GeoBC - the Province of BC’s geospatial (mapping) services group; and,
- Translink - the local transportation authority for Metro Vancouver.
EmerGeo has worked with the City of Vancouver’s Office of Emergency Management for over 5 years and will be used to support the City’s operations during the 2010 Olympics. A recent story published in The Vancouver Province newspaper provides additional background:
http://www.emergeo.com/user_files/TheProvince%20News%20Article%20October2009.pdf or http://www.theprovince.com/sports/2010wintergames/Mapping+trouble+spots/2091557/story.html.
About EmerGeo
EmerGeo develops emergency management software solutions and provides consulting services and support to government and industry around the world. EmerGeo’s Fusionpoint™ and emergency mapping applications are used to log, track and communicate critical information required by emergency and security personnel. By leveraging open web standards, EmerGeo’s software brings together data from dispatch, crisis management, mapping, camera and other third-party systems, providing a common operating picture. EmerGeo’s technology and people have been at the forefront of some of the world’s largest disasters and are proven effective in helping government and industry to mitigate against, prepare for, respond to and recover from potential or actual incidents, natural disasters, acts of terrorism, or pre-planned events.
On behalf of the Board of Directors
EMERGEO SOLUTIONS WORLDWIDE INC.
“Michael Morrow”
Michael Morrow, President & CEO
For more information contact the Company at:
Telephone: (604) 604-681-0989
Facsimile: (604) 604-681-0079
Email: infoemergeocom infoemergeocom
Website: http://www.emergeo.com/
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release. We seek Safe Harbor.
“Protecting people, property & the environment”
EmerGeo Secures a $1 Million Financing
Vancouver, B.C. - October 30, 2009 – EmerGeo Solutions Worldwide Inc. (TSX-V: EMG), a global leader in emergency management software development and consulting services is pleased to announce that it has arranged a $1 million debt financing with GrowthWorks’ Working Opportunity Fund (EVVC) Ltd. The loan transaction is expected to complete on November 3, 2009. The loan will be used to accelerate the Company’s international expansion with investment in sales and marketing, software development and support services. As additional consideration for the loan, the Company has agreed, subject to Exchange acceptance, to issue 400,000 share purchase warrants to the lender. Each share purchase warrant will entitle the lender to acquire a common share of the Company for a period of three years.
About GrowthWorks:
GrowthWorks has established itself as one of Canada’s leading retail venture capital managers with combined assets under management of approximately $1 billion. GrowthWorks identifies, analyzes, and structures investments in companies with high growth potential. GrowthWorks is currently the largest retail venture capital investor in Canadian “green technology” companies, and one of the largest managers of retail venture capital funds in Canada.
About EmerGeo:
EmerGeo develops emergency management software solutions and provides consulting services and support to government and industry around the world. EmerGeo’s Fusionpoint™ and emergency mapping applications are used to log, track and communicate critical information required by emergency and security personnel. By leveraging open web standards, EmerGeo’s software brings together data from dispatch, crisis management, mapping, camera and other third-party systems, providing a common operating picture. EmerGeo’s technology and people have been at the forefront of some of the world’s largest disasters and are proven effective in helping government and industry to mitigate against, prepare for, respond to and recover from potential or actual incidents, natural disasters, acts of terrorism, or pre-planned events.
On behalf of the Board of Directors,
EMERGEO SOLUTIONS WORLDWIDE INC.
“Michael Morrow”
Michael Morrow
President & CEO
For more information contact the Company at:
Telephone: (604) 604-681-0989
Facsimile: (604) 604-681-0079
Email: infoemergeocom infoemergeocom
Website: http://www.emergeo.com/
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release. We seek Safe Harbor.
“Protecting People, Property & the Environment“
EmerGeo Announces Strategic Contract in the Middle East
Vancouver, B.C., - July 20, 2009 – EmerGeo Solutions Worldwide Inc. (TSX-V: EMG), a leading provider of emergency management, environment health safety, and security software and consulting services, is pleased to announce that its subsidiary Emergeo Software Solutions Middle East LLC has secured an AED 1,935,000 (C$615,000) contract within the United Arab Emirates (UAE) in the Middle East.
“We are very pleased to secure this very strategic contract”, said Michael Morrow, President and CEO of EmerGeo Solutions. “Many organizations in the Middle East and around the world are asking for our assistance in providing complete ‘turn-key’ services, solutions and support. EmerGeo takes a holistic approach to emergency management – starting with the development or review of emergency plans. Because of our global practice and alliances with international partners, we are able to integrate best practices into ‘best of breed’ products and services for our clients”, explains Morrow.
EmerGeo has vast international experience applying best practises in Crisis and Emergency Management through work with a range of government and industry organizations around the world. To help organizations prepare for a crisis or disaster, the company assists organizations in testing their plans, processes and systems through developing and conducting realistic simulations.
EmerGeo develops, integrates, resells and supports emergency management software solutions and services. EmerGeo’s software provides optional interfaces to crisis management, hazard modeling and simulation systems, giving users an ability to visualize their incident, resources and other critical data on electronic maps to help government and industry to mitigate against, prepare for, respond to and recover from potential or actual incidents, natural disasters, acts of terrorism, or other major events.
On behalf of the Board of Directors
Michael Morrow, President & CEO
For more information contact the Company at:
Telephone: (604) 604-681-0989 Facsimile: (604) 604-681-0079
Email:
infoemergeocom infoemergeocom
Website: http://www.emergeo.com
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release. We seek Safe Harbor.
EmerGeo FusionPoint™ Announced
Vancouver, B.C., - June 12, 2009 – EmerGeo Solutions Worldwide Inc. (TSX-V: EMG), a leading provider of emergency management, environment health safety, and security software and consulting services, is pleased to announce the release of its new crisis management software product called EmerGeo FusionPoint.
Building on the company’s disaster-proven technology and experience, EmerGeo FusionPoint provides a unified view of information from multiple systems commonly used in response to emergencies: crisis information management software, such as WebEOC® and ETeam, 9-1-1 dispatch systems, security cameras and other systems.
“In every disaster, two things always go wrong: there is a lack of accurate incident intelligence (knowing what has happened, where, and what is happening) and a failure to effectively communicate that intelligence among multiple response agencies”, explains Mike Morrow , President and CEO. “EmerGeo FusionPoint brings it all together in a simple unified view. We wanted to deliver a tool that empowers our customers to integrate data from their existing emergency systems into a dashboard with the essential information they need to help protect people, property and the environment from any type of hazard”.
EmerGeo FusionPoint uses the latest open web standards and SOA (Service Oriented Architecture) to enable integration with a wide variety of systems. A unique Fusion Service with “Intelligent Connectors” provides options to interface with many external systems and databases. Customers simply drag-and-drop their application windows (“widgets”) into the FusionPoint web portal to create a custom dashboard, as shown in the graphic.
“There is a lot of great data available to those people who make life saving decisions, but no system that brings it all together into a simple, integrated view on the web – and in a cost-effective way. FusionPoint fills that gap”, explains Mr. Morrow.
EmerGeo FusionPoint will be released on June 30, 2009. More information can be obtained from the company’s website at www.emergeo.com or through the contact numbers below.
About EmerGeo
EmerGeo develops, integrates, resells and supports emergency management software solutions and services. EmerGeo’s software provides optional interfaces to crisis management, hazard modeling and simulation systems, giving users an ability to visualize their incident, resources and other critical data on electronic maps to help government and industry to mitigate against, prepare for, respond to and recover from potential or actual incidents, natural disasters, acts of terrorism, or other major events.
On behalf of the Board of Directors
EMERGEO SOLUTIONS WORLDWIDE INC.
“Michael Morrow”
Michael Morrow, Director
For more information contact the Company at:
Telephone: (604) 604-681-0989
Facsimile: (604) 604-681-0079
Email: infoemergeocom infoemergeocom
Website: http://www.emergeo.com/
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release. We seek Safe Harbor.
“Protecting People, Property & the Environment“