Mint Announces Second Quarter Results TORONTO, April 29, 2008
Mint Technology Corp. (TSX-V: MIT) announced its financial results for the quarter ended February 29, 2008.
Highlights of the quarterly results:
- Revenue from continuing operations was $108,524 for the quarter ended February 29, 2008, up from $98,652 for the quarter ended February 28, 2007. (+10%)
- Net loss from continuing operations was $294,602 for the quarter ended February 29, 2008, down from $1,411,241 for the quarter ended February 28, 2007. (-79%)
- Gain on forgiveness of accounts payable and access licence obligation was $740,902 for the quarter ended February 29, 2008.
Additional information on Mint's quarterly and fiscal financial results will be available in the financial reports filed by the Company with SEDAR at www.sedar.com and posted to Mint's website (www.mint-technology.ca).
Forward-Looking Statements
This discussion includes certain forward-looking statements that are based upon current expectations, which involve risks and uncertainties associated with our business and the environment in which the business operates. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking, including those identified by the expressions "anticipate", "believe", "plan", "estimate", "expect", "intend", and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts, but reflect Mint's current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Mint assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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For more information please contact:
Dawn Mandarino
Chief Financial Officer
Mint Technology Corp.
Tel: 416.581.0001 x229
Fax: 416.581.1527
dmandarino@mintinc.com |
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