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Groupworks Financial Corp.: Groupworks Announces First Quarter Results
TORONTO, ONTARIO (MARKET WIRE) Groupworks Financial Corp. ("Groupworks" or the "Company")(TSX VENTURE: GWC) announces its financial results for the first quarter ended November 30th, 2007. Revenue for the three months ended November 30th, 2007 was $1,258,300 up from $350,500 in the first quarter of fiscal 2007. EBITDA (earnings before interest, taxes, depreciation and amortization) for the three months ended November, 2007 was $25,000 versus ($164,000) for the same period last year. As a result of the improvement in revenue and expenses, the Company recorded a net loss of ($152,800) for the three months ended November