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Armada Data Corporation


 

Armada Reports Record Results from Insurance Division - Zibb.com

Armada Data Corporation  (ARD - TSX Venture),

September & October 2009 Highlights:

* Insurance Services revenues up 46% versus Sept/Oct-2008

* New ACV Insurance service significantly contributing to revenue growth

* ACV market 10 times greater than Armada's existing 43r insurance

  service

* ACV targeted roll out to Armada's 26 existing insurance clients

  underway

* New ACV Insurance service now being used by 2 Top-10 companies

* Insurance division entering busiest time of the year

Mississauga, Ontario, November 18, 2009, Armada Data Corp. (TSX.V: ARD) is pleased to announce the Company's Insurance Services division experienced the highest increase in revenues in the division's history during the months of September and October 2009 versus the same period in 2008 primarily as a result of the Company's new ACV Insurance service.

The Company's new ACV (Actual Cash Value) Insurance Service has now completed its beta-testing stage and is currently commencing the implementation stage with two of Canada's Top-10 Insurance companies. A national implementation plan is scheduled to expand to the majority of the Company's 26 current insurance company clients over the next 6-12 months.

The size of the market for the ACV service is over 10 times greater than the 43r service, which the Company pioneered in 2002. Therefore the Company expects the impact from the implementation of the ACV Service to be material.

Due to harsh weather conditions, winter months are typically the Insurance division's best performing periods. As such Armada anticipates reporting positive results from both its existing 43r insurance service as well as its new ACV Insurance service.

About Armada Data Corp.

Armada Data Corp. is a profitable web-enabled Automobile Information Services Company providing accurate and real-time pricing data, to institutional and retail customers on a fee-for-service basis, through developing, owning and operating automotive related websites and providing information services to its clients.

Armada Data Corp shares are listed on the TSX Venture exchange under the trading Symbol ARD. Armada has 13,598,831 shares outstanding.

For further information, please contact:

Armada Data Corporation

Mr. Paul Timoteo, President & CFO

Tel 1-866-453-6995 ext 224

Email: PT@ArmadaData.com

Or

Investor Relations; please contact Mr. Richard Buzbuzian at Integrated Investor Relations Inc. Tel 647-501-3290 or email: RBuzbuzian@IntegratedIR.com

Public Relations; please contact Mr. Nelson Hudes at Hudes Communications International Tel 905-660-9155 or email: Nelson@HudesCommunications.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the Policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

1230 Crestlawn Drive

Mississauga, Ontario

L4W 1A6, CANADA

Tel: 866-453-6995

Fax: 905-624-1615

Canada's premier source for automobile pricing data.

Source: Armada Data Corporation (ARD - TSX-V) http://www.armadadatacorp.ca

Maximum News Dissemination by Filing Services Canada Inc. *

www.usetdas.com

http://www.useTDAS.com

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Tags: automobile   canada   communications   email   insurance   market   ontario   president   public relations   retail   revenue   weather   web  

Companies: Armada Data Corp (ARD), Armada Data Corp (ARDDF)

 

Armada Data Corporation Receives Approval for New Stock Option Plan - Zibb.com

Armada Data Corporation  (ARD - TSX Venture), is pleased to announce the Company's stock option incentive plan was amended to conform with the TSX Venture Exchange (the "Exchange") policy changes which came into effect in December 2008.

The fixed number of common shares authorized to be issued under the Company's new stock option incentive plan (the "New Plan") was increased from 1,800,000 to 2,700,000.  The new fixed number is slightly less than the allowable Exchange limit of 20% of the issued and outstanding shares of the Company.  In accordance with the provisions of conditional approval of the New Plan granted by the Exchange, the New Plan was approved by the disinterested shareholders of the Company at the annual meeting of shareholders which took place on November 5, 2009.

Among some of the changes implemented in the New Plan are the following: (i) extending the maximum term of options from 5 years to 10 years, and (ii) removing the mandated vesting provisions, except for options granted to consultants performing investor relations activities, which options must vest in stages over twelve months with no more than one quarter of the options vesting in any three month period.

In addition, as a percentage of the issued and outstanding shares at the time of grant, the number of shares which may be reserved for issuance: (a) to all insiders as a group may not exceed 10%; and (b) to any one individual may not exceed: (i) 5% on a yearly basis; and (ii) 2% on a yearly basis if the optionee is engaged in investor relations activities or is a consultant.

About Armada Data Corp.

Armada Data Corp. is a profitable web-enabled Automobile Information Services Company providing accurate and real-time pricing data, to institutional and retail customers on a fee-for-service basis, through developing, owning and operating automotive related websites and providing information services to its clients.

Armada Data Corp shares are listed on the TSX Venture exchange under the trading Symbol ARD. Armada has 13,598,831 shares outstanding.

For further information, please contact:

Armada Data Corporation

Mr. Paul Timoteo, President & CFO

Tel 1-866-453-6995 ext 224

Email: PT@ArmadaData.com

Or

Investor Relations; please contact Mr. Richard Buzbuzian at Integrated Investor Relations Inc. Tel 647-501-3290 or email: RBuzbuzian@IntegratedIR.com

Public Relations; please contact Mr. Nelson Hudes at Hudes Communications International Tel 905-660-9155 or email: Nelson@HudesCommunications.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the Policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

1230 Crestlawn Drive

Mississauga, Ontario

L4W 1A6, CANADA

Tel: 866-453-6995

Fax: 905-624-1615

Canada's premier source for automobile pricing data.

Source: Armada Data Corporation (ARD - TSX-V) http://www.armadadatacorp.ca

Maximum News Dissemination by Filing Services Canada Inc. *

www.usetdas.com

http://www.useTDAS.com

Read more...

Tags: automobile   canada   communications   consultant   email   ontario   policy   president   public relations   retail   stock option   web  

Companies: Armada Data Corp (ARD), Armada Data Corp (ARDDF)

 

Armada Reports Record October Results From CarCostCanada Division - Zibb.com

Zibb.com | Nov 4, 2009

Armada Data Corp. (TSX VENTURE: ARD) is pleased to announce the Company's flagship website CarCostCanada.com experienced the highest traffic, sales, revenue and profits of any October in the division's history. An expanded Google AdWords campaign coupled with a more aggressive newspaper campaign in...

 

Armada Posts Record Q1 Results - Zibb.com

Armada Data Corporation (TSX VENTURE: ARD) is pleased to report that its interim financial results for the quarter ended August 31, 2009 have now been filed on Sedar and are available to view on the Company's website www.ArmadaData.com as well as on Sedar at www.Sedar.com.

Highlights for the Quarter compared to the same quarter last year

--  Net income increased to $156,298 from $45,381; an increase of 244% or
    1.2 cents per share

--  Revenue increased to $746,695 from $471,992 last year; an increase of
    58%

--  Operating income (before amortization and stock-based compensation)
    increased to $179,873 from $56,294 last year; an increase of 220% or 1.3
    cents per share

--  Dealer Services revenue increased 112%

--  Insurance Services revenue increased 72%

--  Retail Services revenue increased 44%

--  Advertising/Marketing Services revenue increased 23%

--  Company plans to increase yearly dividend. Amount to be determined at
    year end.


Record profits of 1.2 cents per share for the quarter ended August 31, 2009 were achieved as the Company reported its highest revenue and net income in the Company's history.

Overall revenue grew to $746,695; an increase of 58% from $471,992 a year earlier. Net income increased to $156,298 or 1.2 cents per share from $45,381 a year earlier; an increase of 244%.

Operating income (before amortization and stock-based compensation) increased to $179,873 or 1.3 cents per share from $56,294 a year earlier; an increase of 220%.

Four of the Company's five divisions experienced significant growth.

Dealer Services and Retail Services grew 112% and 44% respectively, primarily as a result of increased site traffic derived from a very successful advertising and marketing campaign using Google AdWords and other media advertising. Armada will be continuing its advertising efforts with Google and other mediums in an effort to further increase its market share. Current market share at quarter end was approximately 3.5% of retail new car buyers in Canada. Armada looks to increase its market share to 10%.

Insurance Services revenue increased 72% primarily as a result of market acceptance of Armada's new "ACV" Actual Cash Value insurance services product which is a complementary additional product developed by Armada targeting its existing customers.

In 2003 Armada set a new industry standard in claims settlement with its 43r.ca insurance services outsourcing product, which on average saved insurance Companies $1000 per claim on total loss incidents when a vehicle was 3 years old or newer. Armada has been developing a new ACV insurance service product to participate in the claims settlement business with cars that experience a total loss that are now 3 years or older; a market space Armada estimates to be 10X larger than the market space of its 43r.ca product.

Armada is currently servicing 26 Canadian insurance companies with its 43r.ca insurance product including 8 of the top 10 insurance companies. In early 2009, Armada began offering its new ACV product to its existing insurance customers and is experiencing positive market acceptance after 18+ months in development and 6+ months of product testing.

Armada looks to report further progress regarding market penetration of its new ACV product in the coming months.

Advertising/Marketing Services revenue also increased 23% as a result of increased site traffic derived from the success of Armada's advertising and marketing campaign, again attributed to both the Google AdWords advertising campaign and other media advertising. In this area, Armada looks to further increase its market share.

Subsequent to the first quarter, the Company declared a dividend in the amount of $0.005 per common share to all shareholders of record as at September 1, 2009. Based upon the results of the first quarter, it is the Company's intention to increase its yearly dividend. Amount to be determined at year end.

"After 10 years of operations, I am pleased to report a very successful first quarter. All of our major business divisions posted impressive gains. Our online advertising campaign delivered the best results in Armada's history and our new ACV insurance services product is gaining acceptance with our existing insurance customers which is in a very large market space for us; 10 times larger than our current service was targeting. We believe after 10 years we now are now beginning to see the success that our business holds. For that I thank my entire team and look forward to reporting continued success to our shareholders in the coming quarters," commented Paul Timoteo, President and CFO.

Paul Timoteo, President of Armada Data Corp. will record a "Beyond The Press Release" on the Company's official Investor Relations Site at http://agoracom.com/ir/ArmadaData, in which the above developments will be discussed in detail. The recording is expected to be available on or after November 2, 2009.

Outlook and Investor Highlights

Armada Data continues to work to attain a number of important fiscal and operational achievements, which include:

--  Retail Services continues to grow despite perceived negativity in
    overall market conditions

--  Dealer Services continues to outpace all divisions in growth

--  Insurance Services is entering its busiest time of the year

--  ACV Service provides opportunity for significant revenue generation

--  Company remains 100% debt free and is in the best cash position in its
    history

--  Management is focused on National sales growth, expense management and
    increasing profitability

--  An independent audit committee and mandate remains in full force to
    ensure quality of corporate governance to provide shareholders the
    confidence they deserve


Management believes that Armada Data Corporation, with its financial resources, is poised for significant growth as it grows its niche markets in all aspects of its Internet and traditionally based businesses.

It is expected that Management can meet these objectives regardless of economic conditions. Although a robust economy can lead to a greater number of cars sold and thus a potentially larger market opportunity for all of Armada's divisions, a down economy has proven to have an equally positive impact as both individuals and insurance companies become more cost conscious.

About Armada Data Corp.

Armada Data Corp. is a profitable web-enabled Automobile Information Services Company providing accurate and real-time pricing data, to institutional and retail customers on a fee-for-service basis, through developing, owning and operating automotive related websites and providing information services to its clients.

Armada Data Corp shares are listed on the TSX Venture exchange under the trading Symbol ARD. Armada has 13,598,831 shares outstanding.

Additional information relating to Armada Data Corporation is filed on SEDAR, and can be viewed at www.sedar.com.

This news release contains forward-looking information within the meaning of Canadian securities laws, including statements relating to revenue, earnings, customer demand, penetration and increases to market share and anticipated growth. Forward-looking statements are based on estimates and assumptions made by Armada in light of its experience and perception of historical trends, current conditions and expected future developments, as well as other factors Armada believes are appropriate. Many factors could cause the actual results of Armada to differ materially from those expressed or implied by the forward-looking statements, including, without limitation, reduced spending by customers and risks relating to general economic conditions. Readers should not place undue reliance on Armada's forward-looking statements. Armada undertakes no obligation to update or revise any forward-looking information, except as required by law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the Policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts:
Armada Data Corporation
Mr. Paul Timoteo
President & CFO
1-866-453-6995 ext 224
PT@ArmadaData.com

Investor Relations
Integrated Investor Relations Inc.
Mr. Richard Buzbuzian
647-501-3290
rbuzbuzian@integratedir.com

Public Relations
Hudes Communications International
Mr. Nelson Hudes
905-660-9155
Nelson@HudesCommunications.com


SOURCE: Armada Data Corporation

mailto:PT@ArmadaData.com
mailto:rbuzbuzian@integratedir.com
mailto:Nelson@HudesCommunications.com

Read more...

Tags: advertising   automobile   business   canada   communications   corporate   dealer   debt   dividend   earnings   economy   financial results   insurance   internet   law   market   market share   marketing   media   online   president   public relations   retail   revenue   securities   traffic   web  

Companies: Armada Data Corp (ARD), Armada Data Corp (ARDDF)

 

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