ODS

ODESIA Group Inc. (TSX VENTURE:ODS), a Canadian Information Technology
consulting and solutions company, specialized in Business Intelligence (BI),
Business Process Management (BPM) and Big Data Analytics is pleased to announce
continued progress with its 2013 second quarter results.


Second Quarter Key Highlights



--  Initiated the negotiation of the July 2013 conversion of a portion of
    the convertible debenture into shares and the renegotiation of the
    remainder of the convertible debentures on a long-term basis. The impact
    of these negotiations will be shown in Q3 2013 
--  Delivered a new release of its BPM software EPC 8.0 
--  EPC included in Gartner's list of upcoming Operational Intelligence
    Platforms 
--  Streamlined the software-development operations 



Second Quarter Financial Highlights



--  Revenues of $3,260,000, an increase of $312,000 or 11% compared to Q2
    2012; 
--  The 2012 acquisitions made $839,000 of revenue; 
--  Gross profit of 23% or $739,000; 
--  Operating loss of $341,000 and Net loss of $452,000; 



Selected financial information

Income statement



                                For the three-month       For the six-month 
                                             period                  period 
($000's except per share             ended June 30,          ended June 30, 
 amounts)                               (unaudited)             (unaudited) 
                            ------------------------------------------------
                                   2013        2012        2013        2012 
----------------------------------------------------------------------------
Revenue                           3,260       2,948       7,070       5,962 
Gross profit                        739         978       1,647       1,831 
Operating loss                     (341)       (133)       (576)        (69)
Net loss                           (452)       (172)       (773)       (157)
Basic and diluted net loss                                                  
 per share attributable to                                                  
 shareholders of ODESIA                                                     
 Group Inc.                      (0.011)     (0.005)     (0.020)     (0.005)



Statement of financial position



                                           June 30, 2013   December 31, 2012
($000's)                                     (unaudited)           (audited)
----------------------------------------------------------------------------
Total assets                                       7,430               7,384
Convertible debentures and long-term                                        
 debt including short-term portions                1,853               1,858



Additional information on the second quarter ended June 30, 2013

The financial information regarding the first quarter ended June 30, 2013 should
be read in parallel with the Company's consolidated financial statements and
MD&A (Management Discussion and Analysis). These documents can be found on
www.sedar.com


About ODESIA 

Founded in 1998, ODESIA Group Inc. is a Canadian Information Technology (IT)
consulting and solutions company headquartered in Montreal. ODESIA offers
solutions in Business Intelligence, Business Process Management and Big Data
Analytics. ODESIA's mission is to help its clients improve operations
efficiency, enhance process performance and make better business decisions by
mastering the right information at the right time and the right place. Website:
www.odesia.com 


ODESIA is listed on the Toronto Venture exchange under the symbol "ODS". 

Disclaimer in regards to forward-looking statements 

This press release contains forward-looking statements which reflect ODESIA's
current expectations regarding future events and may involve risks or
uncertainties. Actual results could differ materially from those projected
herein. 


Neither the 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. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
ODESIA Group Inc.
Mr. Nicolas Bonnafous
President & CEO
514.876.1155
nbonnafous@odesia.com
www.ODESIA.com

Odesia Group Inc. (TSXV:ODS)
Historical Stock Chart
From Jun 2024 to Jul 2024

Odesia Group Inc. (TSXV:ODS)
Historical Stock Chart
From Jul 2023 to Jul 2024