Comments
yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.
Cloud Expo on Google News
SYS-CON.TV
Cloud Expo & Virtualization 2009 East
PLATINUM SPONSORS:
IBM
Smarter Business Solutions Through Dynamic Infrastructure
IBM
Smarter Insights: How the CIO Becomes a Hero Again
Microsoft
Windows Azure
GOLD SPONSORS:
Appsense
Why VDI?
CA
Maximizing the Business Value of Virtualization in Enterprise and Cloud Computing Environments
ExactTarget
Messaging in the Cloud - Email, SMS and Voice
Freedom OSS
Stairway to the Cloud
Sun
Sun's Incubation Platform: Helping Startups Serve the Enterprise
POWER PANELS:
Cloud Computing & Enterprise IT: Cost & Operational Benefits
How and Why is a Flexible IT Infrastructure the Key To the Future?
Click For 2008 West
Event Webcasts
TransGaming Reports Fiscal Year 2013 Second Quarter Results

TORONTO, ONTARIO -- (Marketwire) -- 01/29/13 -- TransGaming Inc. (TSX VENTURE:TNG) ("TransGaming" or the "Company") today reported its second quarter fiscal year 2013 results. The Company's unaudited interim consolidated financial statements for the three and six months ended November 30, 2012 and Management's Discussion and Analysis have been filed and are available on SEDAR at www.sedar.com.

Highlights

TransGaming's second quarter of fiscal 2013 was an exciting period with a strong start to the fiscal year. Highlights during and subsequent to the quarter include:


--  The Company generated $1.9 million for the quarter or revenue growth of
    43% for the quarter over F12, representing the third strongest quarter
    ever in the Company's history. 
--  The strong Q2 has resulted in year to date revenue of $3.4 million or
    growth of 48% over the same period in the previous fiscal year. 
--  Cash outflows continued to decline in Q2 F13 as a result of management's
    initiatives to curtail spending and preserve cash. 
--  GameTree TV accounted for 40% of this year's revenue to date and
    contributed $1.0 million in gross margin to the distribution segment. 
--  TransGaming showcased GameTree TV and multi-screen gameplay at The 2013
    International CES in Las Vegas with its internally developed World Poker
    Tour ® ("WPT") game. 
--  GameTree TV underwent a major update in December, with enhanced user
    functionality and a subscription only model. 
--  TransGaming secured a milestone patent for key proprietary technology
    that forms the core of TransGaming's SwiftShader product. SwiftShader is
    the world's fastest pure-software 3D graphics renderer, and has been
    licensed by industry-leading technology providers. 
--  The 2012 MMO hit game Guild Wars 2 was well received on the Mac and is
    exceeding user targets and will drive revenue in the coming quarters. 

Commenting on the results, Vikas Gupta, CEO & President of TransGaming stated:

"I'm very pleased with our second quarter results which are both a clear demonstration of the market traction we are gaining with our products but also evidence of management's determination to reduce costs towards achieving profitability soon. This was an important quarter as we continued our restructuring of the company towards achieving a more streamlined organization with two vertical P&L based business units: the Graphics & Portability Group, and the Digital Media Group. This cost reduction has continued into Q3 and the full impact of our restructuring will be evident in the coming months.

On the business front, we are actively signing new licensing agreements for our core technology, negotiating GameTree TV distribution agreements with large service providers and device makers, and we are gaining new subscribers at higher ARPUs. We believe the business is surging forward with a new and effectively manageable cost-structure and the company has strong viability and tremendous growth prospects on the near horizon."

Conference Call Details

TransGaming will host an analyst and investor conference call at 10:00 a.m. ET on Wednesday January 30, 2012 to review the second quarter fiscal 2013 results. The telephone number for the conference call is +1 (416) 695-6622. The call will be recorded and a digital replay will be available on the Company's Investor Relations portion of its website at: http://transgaming.com/investor-relations.

About TransGaming Inc.

TransGaming Inc. (TSX VENTURE:TNG) is the global leader in developing and delivering platform-defining social video game experiences to consumers around the world. From engineering essential technologies for the world's leading companies, to engaging audiences with truly immersive interactive experiences, TransGaming fuels disruptive innovation across the entire spectrum of consumer technology. TransGaming's core businesses span the digital distribution of games for Smart TVs, next-generation set-top boxes, and the connected living room, as well as technology licensing for cross-platform game enablement, software 3D graphics rendering, and parallel computing. Visit us at http://transgaming.com.

FORWARD-LOOKING STATEMENTS

Certain statements in this document may constitute "forward-looking" statements, which involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. When used in this document, such statements use words like "may", "will", "expect", "continue", "believe", "plan", "intend", "would", "could", "should", "anticipate" and other similar terminology. These statements reflect current assumptions and expectations regarding future events and operating performance and speak only as of the date of this document. Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors could cause actual results to vary significantly from the results discussed in the forward-looking statements, including, but not limited to, the factors discussed under the "Risk Factors" section of the Company's the most recently filed Annual Information Form which is available on SEDAR at www.sedar.com.

Although the forward-looking statements contained in this document are based upon what we believe are reasonable assumptions, we cannot assure investors that our actual results will be consistent with these forward-looking statements. We assume no obligation to update or revise these forward-looking statements to reflect new events or circumstances, except as required by securities law.

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.

Contacts:
TransGaming Inc.
Dennis Ensing
Chief Financial Officer
+1 416 979-9900 x321
dennis@transgaming.com

About Marketwired .
Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Cloud Developer Stories
The Internet of Things needs an entirely new security model, or does it? Can we save some old and tested controls for the latest emerging and different technology environments? In his session at Internet of @ThingsExpo, Davi Ottenheimer, EMC Senior Director of Trust, will review ...
Telehealth legislation opened the floodgates for investment in modern communications services and APIs since 2010. WebRTC promises a second revolution. In his session at 2nd WebRTC Summit, Ivelin Ivanov, co-founder of TeleStax, will discuss a real-world example where telephony AP...
While great strides have been made relative to the video aspects of remote collaboration, audio technology has basically stagnated. Typically all audio is mixed to a single monaural stream and emanates from a single point, such as a speakerphone or a speaker associated with a vid...
Appcore automates the business of cloud computing by delivering cloud automation management platforms for enterprise private clouds and service provider public clouds. Appcore AMP™ is cloud automation designed to simplify cloud environments through a single management and monitor...
We are reaching the end of the beginning with WebRTC and real systems using this technology have begun to appear. One challenge that faces every WebRTC deployment (in some form or another) is identity management. For example, if you have an existing service - possibly built on a ...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021



SYS-CON Featured Whitepapers
ADS BY GOOGLE