CounterPath Releases Second Quarter Revenue Guidance
09 November 2005 - 12:15AM
PR Newswire (US)
VANCOUVER, Nov. 8 /PRNewswire-FirstCall/ -- CounterPath Solutions,
Inc. (OTCBB: CTPS), a provider of VoIP (Voice over Internet
Protocol), Video over IP, Instant Messaging (IM), and Presence SIP
softphones, today announced that it expects revenue for the second
quarter ending October 31 to increase approximately 25% compared to
the previous quarter ending July 31. The Company plans to report
its second quarter results by December 12. "Consistent with
management expectations, we saw a 25% increase in revenue in our
second quarter over the previous quarter," said Mark Bruk,
CounterPath Chairman and CEO. "We believe that CounterPath is
uniquely positioned to assist our customers in delivering on the
promise of Voice over IP in the market. We have made strides over
the past two quarters to add significant management talent; we have
re-branded the Company and refocused our efforts on assisting our
customers in achieving their launch plans. Through the next several
quarters we expect to see additional realization of our goals
around customer acquisition, product and solution enhancements,
revenues and profitability."(x) About CounterPath Solutions, Inc.
CounterPath is a developer of award-winning, high-quality,
carrier-grade VoIP (Voice over IP) and Video over IP SIP softphones
for service providers, cable operators, Internet telephony service
providers, IP PBX manufacturers and OEMs. CounterPath's SIP
softphones are available either pre-configured or as a software
development kit (SDK), and provide VoIP (Voice over IP), Video over
IP, IM (Instant Messaging), and Presence functionality. eyeBeam -
CounterPath's feature-rich SIP Video over IP softphone with IM and
Presence - recently received both Communications Solutions(R)
Magazine's and INTERNET TELEPHONY(R) Magazine's "Product of the
Year" Award for 2004. CounterPath's Pocket PC SIP Softphone was
recently named a 2005 Innovation Award winner from INTERNET
TELEPHONY(R) magazine. With over 120 customers in more than 30
countries, CounterPath technology is deployed in more than
5,400,000 IP endpoints worldwide. For more information please visit
http://www.counterpath.com/. For more information, please contact:
Todd Hanas Tiffany Zinck Investor Relations Media Relations
+1.866.869.8072 +1.604.320.3344 extension 208 pr@counterpath Legal
Note on Forward-Looking Statements Statements in this news release,
which are not purely historical, are forward-looking statements,
including any statements regarding beliefs, plans, expectations or
intentions regarding the future. Forward-looking statements in this
news release are marked by an asterisk ((x)) and include statements
regarding management's belief that: CounterPath expects to see
additional realization of the Company's goals around customer
acquisition, product and solution enhancement, revenues and
profitability. It is important to note that actual outcomes and
CounterPath's actual results could differ materially from those in
such forward-looking statements. Factors that could cause actual
results to differ materially include risks and uncertainties such
as CounterPath's ability to remain competitive as other parties
develop and release competitive products, CounterPath's ability to
retain the employees necessary to continue research and development
of CounterPath's software products, the success by CounterPath of
the sales of its products, the impact of competitive products on
the sales of CounterPath's products, the impact of technology
changes on CounterPath's software products and on the VoIP
industry, the compatibility of CounterPath's software products with
new computer operating systems, the rate of adoption by service
providers and the general public of VoIP as a replacement for
regular and cellular phone service, general economic conditions as
they affect CounterPath's prospective customers, the ability of
CounterPath to control costs operating, general administrative and
other expenses, and insufficient investor interest in CounterPath's
securities which may impact on CounterPath's ability to raise
additional financing as required. Readers should also refer to the
risk disclosures outlined in CounterPath's quarterly reports on
Form 10-QSB, annual reports on Form 10-KSB and CounterPath's other
disclosure documents filed from time-to-time with the Securities
and Exchange Commission. DATASOURCE: CounterPath Solutions, Inc.
CONTACT: Todd Hanas, Investor Relations, 1-866-869-8072, ; Tiffany
Zinck, Media Relations, (604) 320-3344 extension 208,
pr@counterpath
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