CALGARY, ALBERTA, June 2, 2020, ICEsoft Technologies Canada Corp. (the “Corporation” or the “Company” or “ICEsoft”) is pleased to announce its consolidated financial results for the three months ended March 31, 2020 and 2019. Detailed results and Management’s discussion and analysis are now available on SEDAR.
Annual highlights are as follows:
- ICEsoft’s new Voyent Alert! service is now used by 118 Canadian municipalities
- The Company continues to deploy capital to achieve Voyent Alert! sales traction
- The Company completed a restructuring and capital raise that has reduced balance sheet liabilities
and increased cash in the business
- ICEsoft continues to operate with a burn of approximately $50,000 CAD per month
“Over 35 new communities were on-boarded onto the Voyent Alert! Service in Q1, extending our double digit growth rates for the 7th straight quarter.” stated Brian McKinney, President and CEO. “System usage continues to expand and we are actively displacing the competition. We look forward to extending these trends.”