TORONTO, ONTARIO--(Marketwired - Jan. 28, 2016) - Imperus Technologies Corp. ("Imperus" or the "Company") (TSX VENTURE:LAB)(FRANKFURT:ISX)(FRANKFURT WKN:A12B58) pre-announces its expected unaudited stand-alone revenue and adjusted EBITDA for the three months ended December 31, 2015 for its Diwip Ltd. ("Diwip") and Akamon Entertainment Millenium, S.L., ("Akamon") operating businesses. Imperus expects to report revenue of approximately CAD $8.3 million and adjusted EBITDA of approximately CAD$2.7 million for the three months ended December 31, 2015. Akamon operating activities are consolidated into Imperus starting November 16, 2015.
Had Akamon been fully consolidated, revenue and adjusted EBITDA for Akamon and Diwip on a combined basis, excluding Imperus overheads, for the full fourth quarter of 2015 would have been CAD$10.8 million and CAD$4.2 million respectively, compared to Revenue of CAD$10.7 million and EBITDA of CAD$3.9 million for the third quarter of 2015.
Akamon's December 2015 revenue grew 8.1% over revenues earned in November 2015, resulting in Akamon's highest revenue month since its foundation in July 2011. Akamon's revenue growth can be attributed to a strong performance in France which has become one of Akamon's top three markets along with Spain and Brazil. In addition to the expansion in its French business, Akamon is seeing strong growth in its slots app within all of its platforms (desktop, canvas and mobile), as well as increased retention numbers in its newest app, "Viva Bingo and Slots". Diwip's financial and operational performance remains in line with expectations.
James Lanthier, CEO of Imperus, stated: "We are pleased with our Q4 results, which show the enduring and growing profitability of our businesses. We are even more excited about Imperus's future and the operational progress we have been making in realizing the benefits of bringing Akamon and Diwip together."
Akamon and Diwip Ltd. have also started development of two key projects aimed at ensuring continuous content and feature updates for its joint two million monthly active users. Specifically, Diwip users will have access to Akamon's HD premium video slots through an integration of these innovative games to make them accessible from key apps such as "Best Casino" and both companies will offer combined rewards in a new joint loyalty program. Both projects are scheduled to be offered to users during Q1 2016.
Vicenc Marti, President of Imperus stated: "We are looking forward to 2016, which will be the first year in which Imperus will benefit from the full year effect of having two great social casino assets, Diwip and Akamon, collaborating together to multiply each company's already strong performances in Q4 2015."
Financial Results and Non-GAAP Measures
The Company has not yet completed an audit of the financial results of Imperus, Akamon or Diwip. The Company has included certain Non‐GAAP performance measures, namely EBITDA and adjusted EBITDA, within this press release. The Company believes that, in addition to conventional measures prepared in accordance with GAAP, Imperus and certain investors use this information to evaluate the Company's performance and ability to generate cash, profits and meet financial commitments. These Non‐GAAP measures are intended to provide additional information, do not have any standardized meaning prescribed by IFRS, should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP and may not be comparable to similar measures presented by other issuers.
About Imperus
Imperus Technologies Corp., the parent company of Diwip, is a developer of social and mobile gaming for PC, Mac, iOS and Android platforms. Diwip designs, develops and distributes its top ranked social casino-themed games within online social networks (such as Facebook) and mobile platforms (such as Android or iPhone). All of Diwip's games are free to play and generate revenue primarily through the in-game sale of virtual coins.
Caution Regarding Forward-Looking Information:
Certain statements in this press release may constitute "forward looking information" which involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward looking information. When used in this press release, such forward looking information may use such words as "may'', "will'', "expect'', "believe'', "plan'' and other similar terminology. Forward looking information includes, but is not limited to, the financial and operational results of Diwip and Akamon, proposed new projects, the future prospects, financial results, operations and success of Akamon, Diwip and Imperus. Forward-looking information is provided for the purpose of presenting information about management's current expectations relating to the future events and the operating performance of the company, and readers are cautioned that such information may not be appropriate for other purposes. The forward looking statements involve a number of risks and uncertainties. These risks and uncertainties include, but are not limited to, the ability of the company to finance the Acquisition, regulatory requirements, general economic, market or business conditions and future developments in the sectors of the economy in which the business of Imperus or the Acquisition target operates. The foregoing list of factors is not exhaustive. Please see the Company's short form prospectus dated March 27, 2015, the Company's Annual Information Form dated November 11, 2015 and other documents available on www.sedar.com, for a more detailed description of the risk factors. The Company undertakes no obligation to update publicly or revise any forward looking information, whether a result of new information, future results or otherwise, except as required by law.
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