Absolute Software Corporation was
today named to the 2005 TSX Venture 50, the first ever ranking of Canada’s
top emerging public companies listed on the TSX Venture Exchange.
“Being named to the TSX Venture 50 is testament to the strategic
milestones we achieved during the past twelve months,” said John Livingston,
Chairman and CEO of Absolute Software Corporation. “We continue to make
important inroads toward establishing Computer Theft Recovery and Secure Asset
Tracking as a standard product category in the computer security industry.
This past year we signed strategic agreements with DELL, HP, IBM/Lenovo,
Gateway and LoJack Corporation, expanded our sales presence in all key market
verticals and successfully defended our patent portfolio against several
competitors. Financial achievements in calendar 2005 included sales contract
growth in excess of 50%, positive cash from operations and, a $5.5 million
bought-deal financing in March of 2005.”
Mr. Livingston continued: “As a result of this activity, we have elevated
our awareness within the investment community which has led to an increase in
share price from $0.60 to $3.10 and a surge in average trading volume from
less than 10,000 shares per day to more than 35,000 per day. We believe our
success is also a reflection of efforts by the TSX Venture Exchange to improve
their image, disclosures and the quality of companies they list. On
December 2, 2005, we completed a successful graduation to the Toronto Stock
Exchange and are grateful to the TSX Venture for providing the support
necessary to bring us to this stage.”
The TSX Venture 50(TM) are the top 10 companies in each of five major
industry sectors – mining, oil & gas, technology, life science and diversified
industries – based on a ranking formula with equal weighting given to one-year
revenue (last reported 12 months), return on investment, market cap growth and
trading volume. All data was as of August 31, 2005.
“We are very proud to launch the TSX Venture 50 to celebrate the
achievements of our issuers,” said Linda Hohol, President, TSX Venture
Exchange. “The impressive list of companies demonstrates that the TSX Venture
Exchange is a unique incubator of public companies, and the companies in the
TSX Venture 50 are living proof as to why this market is working.”
The 2005 TSX Venture 50( was compiled based on public historical data
and is not an invitation to purchase securities listed on Toronto Stock
Exchange and/or TSX Venture Exchange. TSX Group Inc. and its affiliates do not
endorse or recommend any securities referenced in this ranking. Neither TSX
Group Inc. nor its affiliated companies represent, warrant or guarantee the
accuracy or the completeness of the information. You should not rely on this
information contained herein for any trading, business or financial purposes.
TSX Group Inc. and its affiliates assume no liability for any errors or
inaccuracies herein or any use or reliance upon this information.
