Earnings and Losses

ODESIA ANNOUNCES THIRD QUARTER FINANCIAL RESULTS : SIGNIFICANT INCREASE IN NET INCOME

Investors Business Daily |

In Brief...

Update on status of previously announced LOI with FGT . -- Odesia achieved its fifth consecutive profitable quarter with a net income of $208,000 for Q3 of 2010 compared to $24,000 for the same period in 2009. Net profit totalled $208,000 for the third quarter of 2010, compared to $24,000 for the equivalent period last year. For the three-month For the nine-month period period ended September 30, ($000's except per ended September 30, (unaudited) share amounts) (unaudited). Additional information on the three-month period ended September 30, 2010 . The financial information regarding the quarter ended September 30, 2010 should be read in parallel with the Company's annual, consolidated financial statements and MD&A (Management Discussion and Analysis). ODESIA is an international corporation specialized in business-intelligence (BI) solutions, decision processes and data warehousing for large corporations. (1)EBITDA is defined as earnings before amortization of tangible and intangible assets, financial expenses and foreign exchange, and income taxes .

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