News
OCT 09, 2007 -- Record revenues in fiscal 2007
Toronto - Newlook Industries Corp. (TSXV: NLI) is pleased to announce that the combined continuing and discontinued operations unaudited revenues for the year ended September 30, 2007 were approximately $11.1 million up from approximately $3.6 million in the prior year, representing growth of over three times.
John G. Simmonds, Newlook CEO stated, "I'm delighted with the growth we've managed to generate through our investment of a controlling position in Wireless Age. Wireless Age is largely through a substantial restructuring and is well positioned for the future. The Onlinetel business unit, which we opted to dispose of earlier this year, should wind down in a controlled manner and generate cash for internal uses.
Fiscal 2007 unaudited revenues from continuing and discontinued operations were approximately $8.5 million and $2.6 million, respectively. Fiscal 2006 revenues, all from discontinued operations, were approximately $3.6 million. Continuing operations revenues consist of revenues arising from Newlook's majority-owned subsidiary Wireless Age Communications, Inc. and discontinued operations revenues includes the revenues of the Company's wholly-owned subsidiary Onlinetel Corp.
Mr. Simmonds added, "Based on consolidated results from the fourth quarter, Newlook is on solid ground for realizing record results in fiscal 2008. I believe our new management team will be able to continue to drive consistent growth for the foreseeable future.
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.
For more information contact:
John Simmonds
Chief Executive Officer
Newlook Industries Corp.
Telephone: (416) 477-5656, Ext. 301
OCT 09, 2007 -- Record revenues in fiscal 2007
Toronto - Newlook Industries Corp. (TSXV: NLI) is pleased to announce that the combined continuing and discontinued operations unaudited revenues for the year ended September 30, 2007 were approximately $11.1 million up from approximately $3.6 million in the prior year, representing growth of over three times.
John G. Simmonds, Newlook CEO stated, "I'm delighted with the growth we've managed to generate through our investment of a controlling position in Wireless Age. Wireless Age is largely through a substantial restructuring and is well positioned for the future. The Onlinetel business unit, which we opted to dispose of earlier this year, should wind down in a controlled manner and generate cash for internal uses.
Fiscal 2007 unaudited revenues from continuing and discontinued operations were approximately $8.5 million and $2.6 million, respectively. Fiscal 2006 revenues, all from discontinued operations, were approximately $3.6 million. Continuing operations revenues consist of revenues arising from Newlook's majority-owned subsidiary Wireless Age Communications, Inc. and discontinued operations revenues includes the revenues of the Company's wholly-owned subsidiary Onlinetel Corp.
Mr. Simmonds added, "Based on consolidated results from the fourth quarter, Newlook is on solid ground for realizing record results in fiscal 2008. I believe our new management team will be able to continue to drive consistent growth for the foreseeable future.
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.
For more information contact:
John Simmonds
Chief Executive Officer
Newlook Industries Corp.
Telephone: (416) 477-5656, Ext. 301
