MPVC Inc. (TSX VENTURE:OCI) (the "Company") released its management prepared
consolidated second quarter financial statements today. The Company reported
that its wholly-owned subsidiaries, One Contact Inc. (US) and One Contact
(Canada) Inc. ("OCI"), which are reflected in its consolidated statements,
reported record interim Canadian GAAP financial results for the 6 month period
ended June 30, 2008.


For the six month period ended June 30, 2008 the Company posted revenues of
$3,911,460 as compared to $3,354,686 for the six month period ended June 30,
2007. The increase was primarily due to growth in existing contracts and the
launch of three pilot projects. The company reported net income of $45,297 for
three months ending June 30, 2008.


The Company also reported cash and short-term investments of $53,290, for the
six months ended June 30, 2008. Accounts receivable, net of an allowance for
doubtful accounts, at the end of Q2-2008 totaled $593,123 and other current
assets, composed primarily of prepaid items, totaled $81,755.


"We are pleased with the continued successive profits in addition to the
continued growth in existing customers. This is reflective of the strong quality
of service and flexibility that the company has become known for." commented
Michael Hilmer, CEO.


About MPVC Inc.

The Company, through its wholly owned subsidiary OCI, is committed to providing
and managing specialized inbound and outbound customer care, sales and
marketing, technical support and many other centralized contact center services
to its clients. The Company's focus is on providing single source solutions for
all clients' contact center needs from its growing base of delivery centers. The
Company is dedicated to providing a quality and breadth of service that exceeds
client expectations.


This press release contains forward-looking statements. The Corporation is
subject to significant risks and uncertainties which may cause the actual
results, performance or achievements of the Corporation to be materially
different from any future results, performance or achievements expressed or
implied in such forward-looking statements. Such risk factors include, but are
not limited to, risks associated with public markets, competition, lack of
available acquisition opportunities, market price of the Corporation's shares,
failure to obtain additional financing, dilution, customer credit risk, reliance
on key personnel, changes in legislation, environmental matters, potential
conflicts of interest and risk of loss of key contracts. The Corporation cannot
assure investors that actual results will be consistent with any forward-looking
statement and the Corporation assumes no obligation to update or revise such
forward-looking statements to reflect actual events or new circumstances.


Orecap Invest (TSXV:OCI)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Orecap Invest Charts.
Orecap Invest (TSXV:OCI)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Orecap Invest Charts.