cmo reports strong q1 cash flow result.

CMO reports strong Q1 cash flow result.
On track for EBITDA of $6 million for FY 2008.


Commoditel (ASX:CMO) today issued its cash flow report for the quarter ending 30
September 2007, reporting operating cash flow of $1,996,864 before restructuring
costs provided for in the 2006/2007 financial year. Net operating cash for the 1st
quarter was $1,323,084 after these restructuring costs.
EBITDA RESULT
The Directors are pleased to report that EBITDA for the September 2007 quarter
was $1,751,231, which is in line with Directors’ expectations after concluding the
recent acquisitions and taking into account seasonal factors. The company remains
on track to meet the EBITDA forecast of $6,000,000 for financial year 2008, as
announced on the 31st August 2007.
OPERATIONS UPDATE
The Directors are also pleased to report that the consolidation of all operating
activities of the company to its Sydney Headquarters will be completed by 30
November 2007. The progress of the rationalisation and consolidation has been on
schedule with minimal disruption to customers and services.
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For further information please contact:
David Sweet
Managing Director
CommodiTel Limited
PH: 0414 888 999
ENDS