"The Company encountered delays in closing on certain large contracts we have been working on, that resulted in lower than expected revenues in the quarter. However, with the solid and growing pipeline of opportunities we have in place, we are very confident about the new fiscal year of our Company," said
•During the quarter, the Company announced two key developments to the Aerus Service Delivery Platform (SDP) which provides greater reach and service options to the end users: (i) support for the desktop visual collaboration client for Windows operating system; and (ii) new Aerus OnDemand services that provide personalized virtual meeting rooms and WebRTC-based webinar-style collaboration services. •During the quarter, the Company completed the second tranche of its brokered private placement in the amount of
•Total revenue was
This news release may contain "forward-looking information" within the meaning of applicable Canadian securities legislation. Statements made in this news release, other than those concerning historical financial information, may be forward-looking and therefore subject to various risks and uncertainties. The words "may", "will", "could", "should", "would", "suspect", "outlook", "believe", "plan", "anticipate", "estimate", "expect", "intend", "forecast", "objective", "hope", and "continue" (or the negative thereof), and words and expressions of similar import are intended to identify forward-looking statements. Certain material factors or assumptions are implied in making forward-looking statements and actual results may differ materially from those expressed or implied in such statements. Factors that could cause results to vary include those identified in the Corporation's filings with Canadian securities regulatory authorities, as well as the applicability of patents and proprietary technology; the outcome of pending corporate transactions; possible patent ligation; regulatory approval of products in development; changes in government regulation or regulatory approval processes; government and third party reimbursement; dependence on strategic partnerships; intensifying competition; rapid technological change in the industry; anticipated future losses; the ability to access capital; and the ability to attract and retain key personnel. All forward-looking information presented herein should be considered in conjunction with such filings. Except as required by Canadian securities laws, the Corporation does not undertake to update any forward-looking statements; such statements speak only as of the date made.
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