News
DEC 4, 2007 -- Newlook on track for record revenue milestone
Toronto - Newlook Industries Corp. (TSX Venture Exchange: NLI) is pleased to announce that it anticipates reaching a record $10 million in revenues in its fiscal first quarter ending December 31, 2007.
Unaudited revenues for October and November 2007 were approximately $3,289,000 and $3,402,000, respectively. Retail segment revenues during October 2007 were approximately $1,782,000 and November 2007 exceeded $2,000,000. Commercial segment revenues for October and November 2007, were approximately $1,506,000 and $1,400,000, respectively.
John Simmonds, Newlook CEO stated; "Newlook acquired a controlling interest in Wireless Age Communications, Inc. in June and it's driving the majority of our growth. We now have approximately $6.7 million in revenues to date and I'm confident that we will be able to exceed $10 million for the first quarter. Operating results for Wireless Age are exceeding our expectations. These revenue levels should translate to strong bottom line results for Newlook."
Newlook Industries Corp., headquartered in Toronto, Ontario, is a publicly traded company listed on the TSX Venture Exchange. For more information please call (416) 216-8659 or refer to www.sedar.com.
The management of the company, who take full responsibility for its content, prepared this press release. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This press release contains forward-looking statements relating to future events and results that are based on Newlook's current expectations. These statements involve risks and uncertainties including, without limitation, Newlook's ability to successfully develop and market its products, consumer acceptance of such products, competitive pressures relating to price reductions, new product introductions by third parties, technological innovations, and overall market conditions. Consequently, actual events and results in future periods may differ materially from those currently expected.
For more information contact:
John Simmonds
Chief Executive Officer
Newlook Industries Corp.
Telephone: (416) 477-5656, Ext. 301
DEC 4, 2007 -- Newlook on track for record revenue milestone
Toronto - Newlook Industries Corp. (TSX Venture Exchange: NLI) is pleased to announce that it anticipates reaching a record $10 million in revenues in its fiscal first quarter ending December 31, 2007.
Unaudited revenues for October and November 2007 were approximately $3,289,000 and $3,402,000, respectively. Retail segment revenues during October 2007 were approximately $1,782,000 and November 2007 exceeded $2,000,000. Commercial segment revenues for October and November 2007, were approximately $1,506,000 and $1,400,000, respectively.
John Simmonds, Newlook CEO stated; "Newlook acquired a controlling interest in Wireless Age Communications, Inc. in June and it's driving the majority of our growth. We now have approximately $6.7 million in revenues to date and I'm confident that we will be able to exceed $10 million for the first quarter. Operating results for Wireless Age are exceeding our expectations. These revenue levels should translate to strong bottom line results for Newlook."
Newlook Industries Corp., headquartered in Toronto, Ontario, is a publicly traded company listed on the TSX Venture Exchange. For more information please call (416) 216-8659 or refer to www.sedar.com.
The management of the company, who take full responsibility for its content, prepared this press release. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This press release contains forward-looking statements relating to future events and results that are based on Newlook's current expectations. These statements involve risks and uncertainties including, without limitation, Newlook's ability to successfully develop and market its products, consumer acceptance of such products, competitive pressures relating to price reductions, new product introductions by third parties, technological innovations, and overall market conditions. Consequently, actual events and results in future periods may differ materially from those currently expected.
For more information contact:
John Simmonds
Chief Executive Officer
Newlook Industries Corp.
Telephone: (416) 477-5656, Ext. 301
