Press Releases

In-Touch Survey Systems Ltd. announces record annual revenue

OTTAWA, Jan. 31, 2008 /CNW Telbec/ - In-Touch Survey Systems Ltd. ("In-Touch" TSX-Venture: INX) is pleased to provide shareholders and investors guidance on its 2007 financial performance - a record year. These unaudited numbers are approximate, and intended to provide general guidance on our 2007 results.

Consistent with prior years, In-Touch will release audited financial statements later in Spring 2008. Aided by strong fourth quarter sales, annual revenues are expected to be in the range of $5.05-$5.1 million - approximately a 40% increase over 2006 revenues of $3,632,304. Operating income increased roughly 200% to $140,000 in 2007 compared to net loss of $145,542 in 2006. Since 2004 the Company has been developing new survey hardware and late in 2007 it has decided to no longer use the older technology which has been in the field since 1997. The result of this decision as well as a general house cleaning of other impaired assets is a one-time extraordinary $260,000 write-down of assets. After combining operating income with the one-time write-down of end-of-life assets the company expects a net loss of roughly $120,000 for 2007.

"2007 saw sales growth in all areas of our product portfolio - especially in the United States. Growth is coming from large Fortune 1000 customers who need mobile data collection technology that can be rapidly deployed with near real-time uploading and reporting capabilities. In-Touch is the leading provider in this market. Real-time data integration with our Fortune 1000 customers is a burgeoning area of core competence for In-Touch. Our customers want to collect feedback from their customers anywhere, anytime and in many cases In-Touch is trusted to connect and deliver that information directly into their corporate CRM system," said Michael Gaffney, Chief Executive Officer.

In-Touch has also received approval from the TSX and has closed the private placement previously announced on January 17. These shares are subject to a four month hold period, which expires on May 17, 2008. "This small placement from employees was warmly received by the company as a message of confidence," said Gaffney.

About In-Touch
Founded in 1992, In-Touch provides integrated solutions for market and customer research, custom data capture and mobile marketing for global enterprise customers. Our commitment to effective solutions for retail, finance, services, automotive and hospitality industries delivers a greater return on investment from corporate marketing and operations budgets. Headquartered in Ottawa, with regional offices in Chicago, Minneapolis and Toronto, In-Touch has earned a solid reputation for dedicated customer support and advanced professional services. For more information, visit www.intouchsurvey.com.