Press Releases

In-Touch Survey Systems Ltd. announces 13% increase in revenue and Q2 2008 financial results

OTTAWA, Aug. 29, 2008 /CNW Telbec/ - In-Touch Survey Systems Ltd. ("In-Touch" TSX-Venture: INX) is pleased to announce that revenue increased 13% to $1,313,120 in Q2 2008 compared to $1,231,836 in Q2 2007.

"We continued our revenue growth in Q2 2008 over Q2 2007 and we expect Q3 2008 to meet or exceed Q2 2008 in percentage revenue growth with even stronger positive cash flows in terms of adjusted EBITDA. I am pleased with our margin improvement - a positive reflection on our significant investment in software development over the past three years. Several of our Fortune 1000 customers have told us that 'In-Touch has the best technology for data collection and data integration' of all their electronic data collection suppliers," said Michael Gaffney, Chief Executive Officer.

"Thursday's announcement of the planned acquisition of NCI Mobility of Chicago also bodes well for future revenue growth and operational scalability. We expect NCI to add over $1.25 million in annual revenues with no additional operational staff. We acquired their sales staff and assets and eliminated all other operational costs", 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.