Financial Information
6. SUMMARY OF QUARTERLY RESULTS
The following table sets out selected financial information for the Company for the eight most recently completed quarters up to October 31, 2007, prepared in accordance with Canadian GAAP and expressed in Canadian currency:
| Oct 2007 | Jul 2007 | Apr 2007 | Jan 2007 | |
| Change in subscriber base | 4,300 | 3,500 | 2,700 | 2,400 |
| $ | $ | $ | $ | |
| OPERATIONS: | ||||
| Total revenue | 6,662,915 | 6,447,655 | 6,177,635 | 5,847,920 |
| Income before taxes | 641,545 | 129,278 | 433,167 | 901,101 |
| Net income | 358,626 | 81,278 | 274,167 | 566,101 |
| Basic earnings per share | 0.03 | 0.01 | 0.02 | 0.05 |
| Fully diluted earnings per share | 0.03 | 0.01 | 0.02 | 0.05 |
| FINANCIAL POSITION: | ||||
| Total assets | 25,251,571 | 25,825,876 | 24,712,357 | 23,421,288 |
| Shareholders’ equity | 16,839,675 | 16,481,050 | 16,361,972 | 16,087,805 |
| Oct 2006 | Jul 2006 | Apr 2006 | Jan 2006 | |
| Change in subscriber base | 2,200 | 2,500 | 2,300 | 2,300 |
| $ | $ | $ | $ | |
| OPERATIONS: | ||||
| Total revenue | 5,544,640 | 5,315,435 | 5,055,508 | 5,049,295 |
| Income before taxes | 838,200 | 358,232 | 854,731 | 458,533 |
| Net income | 440,839 | 224,232 | 546,126 | 281,138 |
| Basic earnings per share | 0.04 | 0.02 | 0.05 | 0.02 |
| Fully diluted earnings per share | 0.04 | 0.02 | 0.05 | 0.02 |
| FINANCIAL POSITION: | ||||
| Total assets | 23,880,550 | 22,376,117 | 22,144,185 | 20,064,909 |
| Shareholders’ equity | 15,521,703 | 15,080,864 | 14,856,631 | 14,063,920 |
7. DISCUSSION OF FOURTH QUARTER 2007
In the fourth quarter, total revenues amounted to approximately $ 6.6 Million up by 20% from the 2006 corresponding quarter. Income before taxes in the fourth quarter amounted to approximately $641,000. This increase again reflects the consistent growth in the subscriber account base. Operating results for the fourth quarter were impacted by the same factors as the full year, which mainly consists of rapid growth plans of the Company, tight controls over cost of sales and increased marketing expenditures to facilitate the Company’s growth.
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Testimonials
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We are very much satisfied with your service and we will definitely recommend to our friends and neighbors. Thank you for protecting us.
-P. M -
We set the alarm off a couple of times by mistake but haven't had to use it otherwise. I am alone now and it's a good feeling to have the alarm system.
-Helen, AB -
It's been a very satisfactory relationship throughout our partnership of protecting my home.
-Colette, ON -
We have used your services for over 4 years now and we have always received excellent responses as well as superb service. We are extremely pleased with your service.
-Brian, BC -
Outstanding program - state of the art technology. Well done.
-Charles, AB -
Very satisfied and sleep securely at night. Thank you.
-F. W. -
We love the ease of the system and how helpful the staff is when you call in! We are never worried about our home when we head out and activate our AlarmForce system! What a great and easy to use system, take that first step and feel confident your home is protected when you are not there!
-Dan F - Edmonton, AB -
Neil was very helpful, friendly and professional.
-Ana, ON
