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In-Touch Survey Systems Ltd. announces annual financial results with 39% growth in sales

OTTAWA, April 29, 2008 /CNW Telbec/ - In-Touch Survey Systems Ltd. ("In-Touch" TSX-Venture: INX) is pleased to announce that revenue grew by 39% to $5,060,576 in FY 2007 compared to $3,632,304 in FY 2006. Operating income significantly improved to $266,182 in FY 2007 compare to an operating loss of $13,068 in FY 2006. The Company's defined adjusted EBITDAS improved to $425,000 in FY 2007, compared to EBITDAS of $292,000 in FY 2006. Net Income was negative only because of a one-time write down of $233,088 due to obsolete equipment. Net loss after the write-down for 2007 was $225,797 compared to a net loss of $145,542 in 2006.

"2007 was a great year for In-Touch with significant improvements in all facets of our business. We generated significant cash from operations, raised $550,000 in debt from the Business Development Bank of Canada and with a new chartered bank, and banking agreement, we have a much stronger balance sheet", said Michael Gaffney, Chief Executive Officer.

"We also expect to close the asset acquisition of MarketLine Research Inc. of Minneapolis Minnesota in the next few days. This acquisition will expand our data collection products with the addition of their call centre and call centre technology along with their strength in market research. The acquisition will have an immediate positive impact on revenue", 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.