Intermap Technologies Announces Results from Annual Meeting

Posted by Rich Mohr

Jun 10, 2016 9:00:21 AM

DENVER – June 10, 2016 (TSX: IMP) - Intermap Technologies Corporation announced today the results of the Annual General and Special Meeting of the shareholders of Intermap held on June 8, 2016. All matters put forth for consideration by the shareholders were approved, including the election of each nominee as a director of the Corporation for the ensuing year, as follows:

  • John C. Curlander
  • Larry G. Garberding
  • Donald R. Gardner
  • Michael A. Hoehn
  • Todd A. Oseth

Final voting results on all matters voted at the annual general and special meeting have been filed with Canadian securities regulators.

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Topics: Board of Directors, Investors, Annual Meeting

Intermap Announces Debt Restructuring and US$5 Million Debt Financing with Vertex One Asset Management

Posted by Rich Mohr

Apr 15, 2016 6:52:54 AM

Denver, Colorado, April 15, 2016 – Intermap Technologies Corporation (“Intermap” or the “Company”), (TSX: IMP), (ITMSF: BB), a leading provider of geospatial solutions, today announced that it has entered into an agreement with its senior lender, pursuant to which three of its outstanding promissory notes, which were to become due and payable in April 2016, were restructured and consolidated, together with an additional advance of $5,000,000, into a new promissory note that bears interest at 15% per annum, with a maturity date of October 11, 2016.

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Topics: Investors

Intermap Technologies to Repeat 2015 Q4 Conference Call

Posted by Rich Mohr

Mar 30, 2016 11:29:19 AM

Denver, March 30, 2016 – Intermap Technologies Corporation (“Intermap” or the “Company”), (TSX: IMP), (ITMSF: BB), a leading provider of geospatial solutions, today announced it will hold a live repeat of its 2015 fourth quarter and year-end shareholder conference call on Thursday, March 31, 2016.

Due to a technical issue listeners were unable to access the questions and answer portion of today’s call. Management invites shareholders to join a repeat of the Q4 call tomorrow in order to take their questions.

The conference call will take place March 31, at 11:00 am ET. To participate in the call, please dial +1-647-427-7450 or 1-888-231-8191 approximately 15 minutes prior to the conference call and provide conference ID 82784875. A recording of the conference call will be available through April 15, 2016. Please dial +1-416-849-0833 and provide pass code 82784875 to listen to the rebroadcast. The call will also be available on Intermap’s website at http://www.intermap.com/investors for replay.

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Topics: Financial Results, Investors

Intermap Technologies Reports 2015 Fourth Quarter and Year-End Financial Results

Posted by Rich Mohr

Mar 29, 2016 3:45:31 PM

DENVER – March 29, 2016 (TSX: IMP) – Intermap Technologies Corporation (“Intermap” or the “Company”) today reported financial results for the fourth quarter and year ended December 31, 2015. A conference call will be held tomorrow, March 30th, at 11:00 a.m. Eastern Time to discuss the results.

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Topics: Financial Results, Investors

Intermap Technologies 2015 Q4 Conference Call

Posted by Rich Mohr

Mar 15, 2016 3:58:05 PM

Denver, March 15, 2016 – Intermap Technologies Corporation (“Intermap” or the “Company”), (TSX: IMP), (ITMSF: BB), a leading provider of geospatial solutions, today announced it will release its 2015 fourth quarter and year-end financial results after market close on Tuesday, March 29, 2016.

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Topics: Financial Results, Investors

Intermap Announces Debt Restructuring

Posted by Rich Mohr

Mar 3, 2016 9:41:03 AM

Denver, Colorado, March 3, 2016 – Intermap Technologies Corporation (“Intermap” or the “Company”), (TSX: IMP), (ITMSF: BB), a leading provider of geospatial solutions, today announced that it has entered into an agreement with its senior lender, pursuant to which two of its outstanding promissory notes, which became due in February 2016, were restructured and consolidated into a new promissory note that bears interest at 15% per annum, with a maturity date of August 24, 2016.

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Topics: Investors

Intermap Signs Debt Extension Agreements

Posted by Rich Mohr

Feb 5, 2016 6:44:59 AM

Denver, February 5, 2016 – Intermap Technologies Corporation (“Intermap” or the “Company”), (TSX: IMP), (ITMSF: BB), a leading provider of geospatial solutions, today announced that it has entered into amending agreements with its senior lenders, pursuant to which the maturity dates of certain promissory notes were extended for a period of ninety days. 

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Topics: Financial Results, Investors

Intermap Technologies Reports 2015 Second Quarter Financial Results

Posted by Rich Mohr

Aug 13, 2015 2:50:00 PM

DENVER – August 13, 2015 (TSX: IMP) – Intermap Technologies Corporation (“Intermap” or the “Company”) today reported financial results for the second quarter ended June 30, 2015. A conference call will be held tomorrow, August 14th, at 11:00 a.m. Eastern Time to discuss the results.

All amounts in this news release are in United States dollars unless otherwise noted.

Intermap reported total revenue of $0.7 million for the second quarter of 2015, a 25% decrease from the first quarter of the year. Second quarter revenue of $0.7 million is compared to $2.4 million in the same period of 2014. During the second quarter of last year, a $1.0 million NEXTMap® data sale was recognized on a single contract from a U.S. government entity. No similar sized contract was closed during the first six months of the current year, making up the majority of the variance between the current year and prior year periods. Additionally, NEXTMap data sales were lower in the U.S., Europe and Southeast Asia during the current year. Net operating loss for the second quarter of 2015 was $4.4 million, compared to a net operating loss of $3.2 million for the second quarter of 2014. Second quarter adjusted EBITDA, a non IFRS financial measure, was a loss of $3.7 million, an increase from an adjusted EBITDA loss of $2.8 million for the same period in 2014. Adjusted EBITDA excludes share-based compensation, change in value of derivative instruments, gain or loss on the disposal of equipment, impairment losses or reversals, and gain or loss on foreign currency translation.

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Topics: Financial Results, Investors

Intermap 2015 2nd Quarter Conference Call Notice and Results from Annual General and Special Meeting

Posted by Rich Mohr

Jul 29, 2015 11:15:17 AM

DENVER – July 29, 2015 (TSX: IMP) - Intermap Technologies Corporation (the “Corporation”) issued notice today that it will release its 2015 second quarter financial results after market close on Thursday August 13, 2015.

A conference call to review the results will take place August 14, at 11:00 am ET. To participate in the call, please dial +1-647-427-7450 approximately 10 minutes prior to the conference call and provide conference ID 96757161. A recording of the conference call will be available through October 31, 2015. Please dial +1-416-849-0833 and provide pass code 96757161 to listen to the rebroadcast. The call will also be available on Intermap’s website at http://www.intermap.com/investors for replay.

Intermap also announced today the results of the Annual General and Special Meeting of shareholders of the Corporation held on May 1, 2015. All matters put forth for consideration by the shareholders were approved, including the election of each nominee as a director of the Corporation for the ensuing year, as follows:

% of VOTES FOR
Todd A. Oseth 94.84%
Larry G. Garberding 94.71%
Donald R. Gardner 94.71%
John C. Curlander 94.84%
L. David Sikes 94.71%

In addition to the annual resolutions, including the re-appointment of KPMG LLP, Chartered Accountants, as auditors of the Corporation, resolutions were passed (i) authorizing the board of directors of the Corporation to effect, at its discretion, the consolidation of the issued and outstanding common shares of the Corporation on the basis of one (1) new common share for up to every ten (10) common shares; and (ii) approving the issuance of 4,530,166 warrants to the holder of an existing promissory note of the Corporation.

Final voting results on all matters voted at the meeting have been filed with Canadian securities regulators.

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Topics: Financial Results, Board of Directors, Investors, Annual Meeting

Intermap Announces Appointment of New Director

Posted by Rich Mohr

Jul 22, 2015 12:28:00 PM

DENVER, July 22, 2015 - Intermap Technologies Corporation (TSX:IMP), (ITMSF:BB), a leading provider of geospatial solutions on-demand created from its uniform, high-resolution 3D digital models of the earth's surface, today announced the appointment of Mike Hoehn to its Board of Directors.

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Topics: Board of Directors, Investors

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