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Press Release

ATW Tech Increases Its Revenues to Reach $3.2m for Q2-2018


Posted on: 20 Aug 18

MONTREAL, Aug. 20, 2018 (GLOBE NEWSWIRE) -- ATW Tech Inc. (the “Company”) (TSX-V: ATW) announces its financial results for its second quarter ended June 30, 2018.

For its second quarter of 2018, the Company announced again revenue growth by reaching $3,228k while compared to $3,081k (5% growth) for its second quarter of 2017.

« In our second quarter of 2018, we have pursued growth in our core activities of carrier billing and communication and pursued our improvements in our various applications including VuduMobile. We have also implemented an optimization plan that would allow us to improve our financial performance in a near future. In addition, we continue to progress with regards to our strategic acquisitions and their related financing », said President and CEO of ATW Tech, Michel Guay.

The Company also announces that a total of 460 000 share purchase options have been granted at market price to officers, and consultants of the Company as well as members of the board of directors, pursuant to the terms of its share option plan (the “Plan”) and expiring on August 19, 2023.

The above data includes a summary of highlights. For further information, please consult the Corporation’s consolidated financial statement as well as the Management Report for the year ended December 31, 2017 at www.sedar.com

Forward-Looking Statements Disclaimer
This press release contains forward-looking statements that reflect the Company’s current expectation regarding future events. There is a risk that expectations and forward-looking statements will not prove to be accurate. Readers are cautioned not to place undue reliance on these forward-looking statements as they involve risks and uncertainties, which could make actual results differ materially from those projected herein and depend on a number of factors including, but not limited to, no history of profitability, future financing, intellectual property and patents, key personnel, competitive marketplace, technology obsolescence, share price volatility and other risks detailed from time to time in the Company’s filings. While ATW Tech anticipates that subsequent events and developments may cause its views to change, ATW Tech specifically disclaims any obligation to update these forward-looking statements, unless obligated to do so by applicable securities laws.

Additional information regarding the Company is available on SEDAR www.sedar.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.

ABOUT ATW TECH

ATW Tech (TSX-V: ATW) is a leader in information technology, owner of several web platforms including VoxTel, VuduMobile, Atman, Bloomed and Quebec Rencontres. VoxTel offers various interactive communication and landline and mobile carrier billing phone solutions. VuduMobile is specialized the text messaging business for enterprises through its unique, user-friendly and bilingual test messaging application et turnkey solution allowing management of text message management programs in all kind of businesses. Atman and its APIs enable companies to optimize their human capital. Bloomed is a cloud-based platform to manage data (smart data) on consumers and their behaviors, which is developed for marketing agencies and their campaigns for the consumer and corporate markets. Quebec Rencontres is a web and mobile social network application catered to building serious and sustainable relationships.

SOURCE:  
ATW TECH 
Michel GuaySimon Bédard, CA, CPA, CFA, MBA
Founder, president and CEOCFO
Tel.: 514.935.5959 ext. 301Tel. : 514.935.5959 ext. 304
mguay@atwtech.comsbedard@atmanco.com
www.atwtech.com  
GlobeNewswire
globenewswire.com

Last updated on: 21/08/2018

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