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ZIM Corporation Reports Q1 Quarter 2011 Financial Results

Submitted by on August 22, 2011 – 9:44 am

ZIM Corporation announced its financial results for its first quarter ended June 30, 2011, and reported revenues of US $571,316, an increase of 17% from the $487,310 for the same period last year. This quarter’s increase was due to increased sales of enterprise database software and consulting services with a smaller portion of the increase related to favorable foreign exchange fluctuations.
Net income for the quarter ended June 30, 2011 was $120,791 or a basic and diluted earnings per share of $0.001 compared to net loss for the same period last year of $29,383 or a basic and diluted loss per share of $0.000. The increase in net income principally reflects the increase in database software sales and the Company’s continued curtailing of selling and general administrative expenses.

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Dave Forde

Dave “The Connector” Forde has been involved in the technology industry across Canada for over 10 years in sales and marketing roles, he launched PR In Canada, and on Profectio.

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