Surpha Inc.
Surpha Inc.: SURPHA, INC. ANNOUNCES RECORD SIX MONTH 2006 FINANCIALS
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The issuer is solely responsible for the content of this announcement.
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(Orem, Utah August 1st 2006): Surpha, Inc. announced today record revenue
and earnings for the six month period ending 30 June, 2006. Revenue for the
period was $3.26 million (€2.59 million). Net Income for the first six
months of 2006 was $1.39 (€1.1 million). The Company also reported Earnings
Before Interest, Taxes, Depreciation and Amortization (EBITDA) of $1.57
million (€1.25 million).
The Company revenue and net income growth significantly exceeded previous
estimates. Revenue increased four fold from the same period in 2005. Net
Income jumped by a multiple of 16 times that of the same period of the
previous year. All segments of the Company’s business met or exceeded
growth expectations.
The voice and wireless businesses realized continued growth without any
erosion of profitability. In addition, the Company reported strong
performance of the Network Management and Customer Relations Management
products. These products are very profitable and are deployed with two
large clients. The Company now expects to exceed previous revenue and
earnings estimates for 2006.
Surpha had previously forecasted just under $900 thousand USD (€ 714
thousand) in Net Income for all of 2006. However this amount has already
been significantly exceeded in the first six months of 2006. The Company
now expects earnings for 2006 to at least be triple the previous estimates,
especially taking into account new major contracts to be signed and
announced shortly.
About Surpha, Inc.
Surpha, Inc. (“Surpha” or the “Company”) is a state-of-the-art regional
facilities-based telecommunications and Internet Service Provider whose
operations are concentrated in the Western United States. The Company
offers high-speed Internet access, wireless broadband services, managed
telecommunications products including Voice over Internet Protocol (VoIP),
and hosted applications. Unlike most companies that offer VoIP service,
Surpha’s managed VoIP service provides Quality of Service which is required
by all business customers. The Company offers diverse and comprehensive
products and solutions for small to medium sized business and consumer
accounts that wish to take advantage of the convergence of high-speed
broadband and various communications technologies. Current expansion plans
that will be executed through a unique consumer retail “big box” channel
will position the Company competitively on a national and international
scale. In order to support its operations and future growth, the Company
has deployed a custom, proprietary automated back office that enables
clients to access robust online management and reporting tools.
Capital Communication AG
Poststrasse 3
CH-8001 Zürich
Tel. +41 43 888 70 00
Fax.+41 43 888 70 09
investors@capital-communication.ag
(c)DGAP 01.08.2006
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