Aptilon Announces 2010 Third Quarter Financial Results

MONTREAL, Nov. 29 /CNW/ -- 
MONTREAL, Nov. 29 /CNW/ - Aptilon Corporation ("Aptilon" or the
 "Company") (TSX-V: APZ), a leader in online marketing to physicians and
 healthcare professionals, today announced its financial results for the
 nine months ended September 30, 2010. Financial references are in CDN
 dollars unless otherwise indicated. Complete financial statements and
 MD&A are available on SEDAR at www.sedar.com.


Q3 2010 Summary


    --  Revenues reached $8.52 million, compared to $3.72 million in Q3
        2009; YTD revenue $24.8 million
    --  Gross margin of $5.21 million compared to $2.34 million in Q3
        2009; YTD gross margin $14.9 million
    --  Operating income of $0.61 million reversed an operating loss of
        ($0.27 million) in Q3 2009 and YTD operating income totaled
        $2.55 million compared to a loss of ($1.17 million) in 2009
    --  Net income of $65,418 for the quarter compared to a loss of
        ($613,760) in Q3 2009 and YTD net loss of ($184,039) compared
        to a loss of ($1,528,389) in 2009
    --  Generated positive net cash flow from operations of $1.18
        million for the third quarter of 2010 and $4.37 million YTD
        (before net change in non cash working capital items of ($0.95
        million) and $4.9 million respectively.)



Financial Review


For the third quarter of 2010, revenues increased 129% to $8,518,849
 compared to $3,719,750 for the same period a year ago. Revenues for the
 first nine months of 2010 totaled $24,779,708 compared to $9,597,386
 for the first nine months of 2009, an increase of 158%. Revenue in the
 period reflects a broader base of customers, growth in the size of
 enterprise customer initiatives and contribution from the assets
 purchased ("DMD") in fiscal 2009.


Gross margin for the three-month period ended September 30, 2010 was
 $5,210,865 compared to $2,342,169 for the three months ended September
 30, 2009, an increase of $2,868,696 or 122%.


Operating income for the three months ended September 30, 2010 reached
 $612,582 reversing an operating loss of ($275,282) for the comparable
 period a year ago. For the nine-month period ended September 30 2010,
 the operating income reached $2,549,569 reversing an operating loss of
 ($1,173,172) for the same period in 2009.


Net income for the three months ended September 30, 2010 was $65,418 or
 $0.0003 per share compared to a net loss of ($613,760) or ($0.00376)
 per share for the comparable period a year ago.


Sales and marketing expenses for the third quarter of 2010 totaled
 $2,014,045 compared to $1,259,905 for the third quarter of 2009.
 General and administrative ("G&A") expenses for the third quarter of
 2010 increased to $1,477,335 compared to $724,927 in the third quarter
 of 2009. Increases in expenditures were primarily driven by the
 integration of DMD and non-recurrent charges for legal fees.


In the third quarter ended September 30, 2010, the Company generated
 positive cash-flow from operations of $1,179,725, before net change in
 non cash working capital item of ($946,328). In the year prior period,
 cash flows used in operating activities totaled ($28,202), before net
 change in non cash working capital items of $63,231.


As at September 30, 2010, the Company's working capital position
 included the short-term portion of a promissory note payable in
 connection to the DMD acquisition completed in 2009. Working capital
 totaled ($1,309,340) including cash and cash equivalents and restricted
 cash of $2,515,879 compared to ($3,501,970) in working capital, which
 included cash and cash equivalents and restricted cash of $2,056,741,
 at December 31, 2009.


The Company had 211,288,365 common shares outstanding (fully diluted) at
 September 30, 2010.


AxcelRx(SM )and ReachNet(SM) are service marks of Aptilon Corporation.


About Aptilon Corporation
Aptilon enables pharmaceutical, biotech and medical device companies to
 effectively reach, advertise to and interact with more than 500,000 US
 physicians via the Internet through its innovative AxcelRx(SM) service offering including video detailing, ReachNet(SM) Physician Access Channel and the DMD database and permission-based
 email services. Top ten US pharmaceutical companies and respected
 healthcare organizations have adopted Aptilon's solutions to market to
 and engage leading physicians. For more information, visit www.aptilon.com.


Forward-looking statements
This news release contains forward-looking information. These statements
 relate to future events or future performance and reflect management's
 current expectations and assumptions. Such forward-looking statements
 reflect management's current beliefs and are based on information
 currently available to management of Aptilon. A number of factors could
 cause actual events, performance or results to differ materially from
 the events performance and results discussed in the forward-looking
 statements. These forward-looking statements are made as of the date
 hereof and Aptilon does not assume any obligation to update or revise
 them to reflect new events or circumstances.


Neither 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.




tabletr valign="top"td align="left"Denis Martineaubr/ Presidentbr/ Aptilon Corporationbr/ 1-888-544-8866br/ a cr="true" href="mailto:[e-mail]"[e-mail]/a/td/tr/table

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