OTTAWA , Aug. 7 /PRNewswire-FirstCall/ - March Networks(TM) (TSX:MN; AIM:MNW - all figures in Canadian dollars and in accordance with Canadian GAAP), a leading provider of IP-based video surveillance solutions, today announced preliminary revenue results for the first quarter of fiscal 2008 and changes to its business outlook for fiscal 2008.
Based on preliminary financial data, the Company's revenue in the first
quarter of fiscal 2008 was approximately
The Company is increasing its revenue expectations for fiscal 2008 to
March Networks will report its full first quarter results on August 29, 2007 and will discuss the full results and business outlook on a conference call and webcast to be held on August 30, 2007 at 8:30 a.m EDT ( 1:30 p.m. BST ).
About March Networks
March Networks(TM) (TSX:MN; AIM:MNW) is a leading provider of innovative video and data applications used for security surveillance, monitoring, analysis and business optimization. The company's software and IP-based hardware solutions allow businesses to increase operational efficiencies, address risk, and manage assets with an integrated set of video-based intelligence tools and business intelligence applications. The ISO 9001:2000 certified company serves the needs of leading financial institutions, retailers, transportation authorities, commercial/industrial organizations and government/homeland security agencies in approximately 50 countries. For more information, please visit www.marchnetworks.com.
This release contains certain forward-looking information, including expectations of future business. This information is based on the company's current expectations and assumptions that are subject to a variety of risks and uncertainties that are difficult to predict and that may be beyond March Networks' control. Actual results could differ materially from those expressed in any forward-looking statements due to factors such as customer demand and timing of purchasing decisions, increased levels of competition, technological changes and the successful development of new products, dependence on third-party manufacturers, risks relating to intellectual property infringement claims, and other risks and factors identified in March Networks' public filings with regulatory authorities in Canada . March Networks assumes no obligation to update these forward-looking statements as a result of new information or future events.
(x)MARCH NETWORKS and the MARCH NETWORKS logo are trademarks of March
Networks Corporation. All other trademarks are the property of their
SOURCE MARCH NETWORKS CORPORATION