MONTREAL, Feb. 8, 2010 (GLOBE NEWSWIRE) -- TeliPhone Corp. (OTCBB:TLPH) has reported its financial results for the year ending September 30, 2009 showing an increase in sales from US$1,215,570 to $2,710,680 as compared to the year ending 2008, representing an increase of 123%. Profits are up from a loss of ($187,656) to a net income of $102,351 for the year. Gross Margin increased from $394,686 to $1,147,009.
"We were able to achieve double-digit growth during a particularly difficult year in the financial markets," says George Metrakos, President and CEO. "Our customer acquisition rate continues to be strong, and we continue to incorporate operational efficiencies across our network of services." TeliPhone continues to focus on opportunities to transfer customer voice traffic utilizing traditional analog circuits onto its own Internet-based network. Voice traffic over its own network permits the company to realize higher gross margins than through the re-sale of other carriers' analog networks.
About TeliPhone Corp.
TeliPhone Corp. is an Internet-based digital telecommunications company employing its own technology. Customers of TeliPhone, primarily small and medium sized businesses, receive more value added services for lower cost when using TeliPhone. TeliPhone specializes in hosted business telephony systems that reduce customer capital equipment costs while offering global incoming and outgoing call services with best-of-breed call quality. For more information, visit the company website at www.teliphone.us.
This news release contains forward-looking statements that are subject to various risks and uncertainties. The Company's actual results could differ materially from those anticipated in such forward-looking statements as a result of numerous factors that may be beyond the Company's control. Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made, and the Company assumes no obligation to update forward-looking statements should circumstances in management's expectations or opinions change.