NEWS & INFO
News » No Material Change + Q3 2008 Wed Jan 2 3:22:04 UTC 2008
Real Time Measurements Inc. (TSX Venture Exchange: “RTY”) (“RTY”) announces that the Company’s management is unaware of any material change in the company’s operations or financial status that would account for the recent high levels of trading activity in the company’s stock.
Additionally, RTY unaudited financial results for the first nine months of fiscal 2008 and the third quarter of fiscal 2008 are now available on SEDAR at http://www.SEDAR.com and the company’s website at http://rty.ca. Revenue for the nine month period ended October 31 2007 is 33% higher than last year, while expenses for the period are 22% lower. Revenue for this third quarter of fiscal 2008 quarter has increased year over year by 22% while expenses have increased by 4%. The company is proceeding with its intended business plan which includes the following three general areas of activity:
- Provision of Smart Drop Off (SDO), electronic instrument rental and data processing services in Canada.
- Development of the DataTrak line of products. The first DataTrak product, the KC1, was designed inhouse and is being built by RTY. The first series of KC1 tools have been successfully used and evaluated by a select group of RTY customers. Additional KC1 tools have now been built and are in active commercial service. This development represents an important step in the ongoing DataTrak development program.
- RTM provides surface readout pressure measurement and production logging services on a subcontract in North Africa. Management is constantly working to capitalize on expansion opportunities in international locations as an integral part of the company’s growth strategy. RTM products and services have valid applications anywhere there is oil and gas activity.
To ensure the success of the company, management is investing heavily in product development and the pursuit of new contractual opportunities to support future growth.
The TSX Venture Exchange has not reviewed this release and it does not accept responsibility for its adequacy or accuracy.