EasyLink Services International Corporation Announces Financial Results and an Investor Call
Norcross, Georgia – October 23, 2007 – EasyLink Services International Corporation (NasdaqCM: ESIC) (formerly known as Internet Commerce Corporation), a global provider of comprehensive messaging services, today announced financial results for its fiscal fourth quarter and fiscal year 2007 and an investor conference call to discuss its new business plan.
Fourth Quarter Fiscal Year 2007 Results
Fourth quarter revenues from continuing operations in fiscal 2007 were approximately $5.4 million compared with our fourth quarter of fiscal 2006 revenues of approximately $5.2 million. Operating income increased 65% in fourth quarter fiscal 2007 from the prior-year period to approximately $885,000 from approximately $535,000. Net income was approximately $907,000 compared with net income of approximately $1.3 million a year ago, which included a one-time cash consideration of $825,000 for the sale of four patents and related patent applications.
Fiscal Year 2007 Results
For the fiscal year ended July 31, 2007, revenues from continuing operations totaled approximately $21.9 million, up 11% compared with fiscal year 2006 revenues of approximately $19.8 million. Operating income increased 29% in fiscal year 2007 from the prior-year period to $2.8 million from $2.2 million. Net income was approximately $2.7 million compared to a net income of approximately $3.0 million a year ago, which included a one-time cash consideration of $825,000 for the sale of four patents and related patent applications. Basic and diluted income per common share from continuing operations were $0.12 and $0.11, respectively, the same as compared to basic and diluted per common share for the fiscal year 2006 period.
Investor Conference Call and Slide Presentation
An investor conference call and slide presentation is scheduled to discuss EasyLink Services International Corporation’s fiscal year 2007 results and its new business plan. The conference call and slide presentation will begin at 10:00 a.m. EDT on Thursday, October 25, 2007.
The audio portion of the meeting will be accessed by dialing 800-503-2899 (US) and 303-248-0817 (International) and entering the pass code of 5338010. The slide presentation will be accessed through meeting id ESIC at www.livemeeting.com/cc/icc/join. A meeting key will not be required to join. This investor conference call and slide presentation will also be available for replay on the Company’s websites at www.easylink.com or www.icc.net.
About EasyLink Services International
Corporation
EasyLink Services International Corporation (EasyLink) (NasdaqCM: ESIC),
headquartered in Norcross, GA, is uniquely positioned to deliver a variety of
messaging services that range from simple web-based fax delivery for
small businesses to sophisticated fax hosting, tailored corporate
e-mail messaging, EDI business-to-business exchanges, specialized Telex protocol transmissions for marine and
finance industries, and so much more. With over two decades of servicing customers
around the globe, EasyLink has established a proven track record for providing
effective, reliable and secure communications. For more information on EasyLink,
visit www.easylink.com or www.icc.net.
Except for the historical information contained herein, this press release includes forward looking statements which are subject to a number of risks and uncertainties, including the risks and uncertainties associated with rapidly changing technologies such as the Internet, the risks of technology development and the risks of competition. Actual results could differ materially. For more information about these risks and uncertainties, see the SEC filings of EasyLink Services International Corporation.