Armada announces Q3 2013 Results

Mississauga, Ontario CANADA, April 30, 2013 /FSC/ - Armada Data Corporation  (ARD - TSX Venture), is pleased to report its interim financial results for the quarter ended February 28, 2013 have now been filed on Sedar and are available to view on the Company's website www.ArmadaData.com as well as on SEDAR at www.sedar.com.


Highlights for the Quarter compared to the same quarter last year

* The Mister Beer Inc. division's new production facility is fully operational, and has accepted and filled its first significant order, the biggest in Mister Beer's history.

* Capital investment of $854,156 in the new facility  

* Wages and Other Office Expenses have been reduced by 30%, from $829,245 to $581,492, due to staffing efficiencies and other cost-saving efforts

Revenue for the quarter ended February 28, 2013 decreased to $612,327 versus $742,239 for the same period in 2012, or a decrease of 18%.
  
The Company recorded comprehensive income before corporate income tax provision, of $26,633 compared to a comprehensive loss of $71,441 last year, an increase of 137%.  This change is a direct result of the reduction of divisional expenses, offsetting the divisional loss in the Mister Beer Inc. operations.

Cash on hand decreased from $495,688 at February 29, 2012 to an overdraft of $(214,100) at February 28, 2013.  This cash on hand reduction is directly attributed to the acquisition of 90% interest in TBE/Mister Beer Inc.  In addition, capital investments in the new Mister Beer Inc. brewery have had and will continue to have significant impact in the Company's cash on hand.  The Company has obtained a credit facility from its bank to assist in day-to-day operations.  In January 2013, the Company closed a non-brokered private placement of 1,111,111 common shares at $0.09 per share for aggregate gross proceeds of $100,000.

Insurance Services

Revenue in this division decreased by 23%, from $294,849 to $228,010.  Insurance Services contributed 37% of the Company's total revenue in this quarter.  Reduction of expenses allow this division to remain profitable.

Retail Services

Revenue was down to $95,543 from $115,306, or 17%.   The division contributed 16% of the Company's total revenue.

Dealer Services

This division's revenue decreased by 9% (to $180,936 from $198,474), expected due to the division's productivity being directly related to CarCostCanada.com membership sales.  Due to efficiencies made by management, the percentage decrease is not as great as the decrease in the Retail Services division. The division contributed 30% of the Company's total revenue.

Internet Technologies

The Internet Technologies (IT) division decreased its revenue by 4%, from $72,172 to $69,071 and contributed 11% to the Company's total revenue.  It also provides the additional benefit of keeping all the many and varied IT expenditures in-house.

Advertising/Marketing

Revenue was down to $8,269 from $22,268 (63%).  The contribution to total revenue was 1% this quarter.

Mister Beer Inc.

Mister Beer Inc. had gross sales of $145,682, less $115,184 of direct costs and labour, to report net revenue of $30,498, and contributed 5% to the Company's total revenue. In the quarter ended February 29, 2012, this division had gross sales of $94,060 less $54,890 direct costs for net revenue of $39,170.  Inventory on hand increased to $154,376 at February 28, 2013, compared to $50,318 at February 29, 2013.

About Armada Data Corp.

Armada Data is a Canadian publicly traded Information & Marketing Services Company providing accurate and real-time data to institutional and retail customers, through developing, owning and operating automotive pricing-related web sites and providing information technology and marketing services to its clients.  Armada's information and marketing abilities have enabled the company to leverage that experience into the food and beverage industry by its acquisition of 90% of the issued and outstanding shares of The Big & Easy Bottle Brewing Company Inc.  The Big & Easy Bottle Brewing Company Inc. owns 100% of Mister Beer Inc., which invented, produces and markets the unique "microbrewery in a bottle" beer-making kit.

Armada Data shares are listed on the TSX Venture exchange under the trading Symbol ARD. Armada currently has a total of 17,670,265 shares outstanding.

Additional information relating to Armada Data Corporation is filed on SEDAR, and can be viewed at www.sedar.com.

For further information, please contact:
Armada Data Corporation
Mr. R. James Matthews, President & CEO
Email: investors@armadadatacorp.ca

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.

5710 Timberlea Blvd, Suite 201
Mississauga, Ontario
L4W4W1
Tel: 866-453-6995
info@armadadatacorp.ca


To view this press release as a PDF file, click onto the following link:
http://www.usetdas.com/pr/ArmadaApr302013.pdf



Source: Armada Data Corporation (ARD - TSX-V) http://www.armadadatacorp.ca
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