Criticalcontrol Sltns Cp CCZFF

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[Techsavy]

CriticalControl announces 2008 third quarter financial results 07:00 EST Monday, November 03, 2008

- Record Quarter over Quarter earnings increase of 75% -

TORONTO, Nov. 3 /CNW/ - CriticalControl Solutions Corp., (TSX-V:CCZ) today reported its third quarter financial results for the three months ended September 30, 2008. (All dollar amounts are expressed in thousands unless otherwise stated):

    <<            Highlights for the quarter included (Q3 2008 compared to Q3 2007):            -   17% increase in total revenue to $6,699 in 2008 from $5,709 in 2007;            -   36% increase in total gross margin to $3,700 in 2008 from $2,727 in            2007;            -   15% increase in gross margin as a percentage of revenue to 55% in            2008 from 48% in 2007;            -   Significant increase in net income to $1,232 in 2008 compared to net            income from continued operations of $27 in 2007;            -   Gained more than 500 metering points with the acquisition of SCADANet            from Matrikon Inc.;            -   Completed the purchase and cancellation of 6,654,000 common shares            for $1,055 through a normal course issuer bid.            >>