December 31, 2003

Info Touch Reports Results

INFO TOUCH TECHNOLOGIES 2003 FINANCIAL RESULTS
--Record Revenue Growth in Revenue and Earnings-

Info Touch Technologies (www.infotouch.net) (TSX Venture: IFT) today announced strong operating results for the year ended July 31, 2003. The Company continued its trend of profitable growth in the fourth quarter resulting in record annual gross revenue of $6.8 million. Net earnings for the year were $917,000 or $0.07 per share, versus a loss of ($0.16) per share on revenue of $3.5 million, one year ago.

The Company is rapidly attaining an international reputation as a successful and leading innovator in the market for kiosk-based electronic services. �These financial results confirm the success of our business model,� stated Hamed Shahbazi, Chairman and Chief Executive Officer of Info Touch. �Today we see our future growth in the continued execution of developing, deploying and managing these economically sustainable terminals in areas where we can create streams of recurring revenue. Our terminals are now being recognized as destination points by consumers who want access to conveniently located, self-serve and cash based bill payment, money transfer, lottery tickets or prepaid products such as phone, wireless and mobile content.�

The Company�s primary focus for the year ahead will be to build out its network of terminals while continuing to increase traffic and add revenue to the operators of large convenience store chains. Info Touch terminals function as points of collection for mass billers and sales channels for companies selling products and financial services who want access to high traffic, convenient retail locations. The Company continues to work with both private equity and lease-based financiers to accelerate the rollout of kiosks. The Company is confident that its focus on creating distribution channels for its growing list of e-services will result in significant growth in recurring transactional revenue and is key to achieving sustained growth in revenue, profitability and the maximization of shareholder value.

The Company closed the year with a significantly improved balance sheet, with cash and cash equivalents of $1M and no significant long term debt. The Company also announced that both Steven Stone and Nicolaos Cacos have left the Board in the previous quarter. We thank them for their deep and substantial contribution to Info Touch.

Conference Call:

You are invited to attend a conference call on Thursday November 13th at 11:30am Eastern Standard Time to review the year end financial results. The dial-in numbers are: 416-640-4127 in Toronto, or, Toll Free 1-800-814-4853. Callers should request the Info Touch Technologies Conference call with the operator, chaired by Hamed Shahbazi, Chairman and CEO of Info Touch technologies.

For those unable to participate in the conference call, there will be a recording of the call available two hours after following the call, for a week thereafter. following the call. The dial in numbers are is 416-640-1917 or 1-877-289-8525 using the access code 21026086#.

Year Ended

July 31, 2003

July 31, 2002

$

$

Revenue

6,832,395

3,532,218

Gross Profit

3,887,009

1,151,185

Expenses

2,969,459

3,215,736

Net Income(NI)

917,550

(2,064,551)

- (Loss)

NI - (loss) per share

0.07
(0.16)
About Info Touch

Recently named one of Canada�s Profit 100 and Deloitte and Touche�s Fast 500 (in North America) companies, Info Touch is North America�s leading provider of kiosk software based security and management solutions. Surfnet Premiere, its flagship software platform, is the Fortune 1000�s preferred solution for public Internet access. Established in 1997, Info Touch provisions premiere kiosk technology solutions that help drive bottom-line benefits through the convergence of online and offline operations. Info Touch clients include: Cable and Wireless (Caribbean), Telmex, Chapters Indigo, Future Shop / Best Buy, Macs/Couchetard, ConocoPhillips, KB Home, Fairmont Hotels, Chase Manhattan Bank, Merrill Lynch / HSBC, the U.S. Army, Marines Corps and Navy.

Info Touch Technologies
Behshad Hastibakhsh, Media Relations
Ph: (604) 298-4636, Ext. 250
Toll Free: (888) 679-3322
Email: [email protected]

Linear Capital Corp. (Business development - Info Touch Technologies Corp.) John Lewis
Ph: (416) 364-2266
Toll Free: (877) 600-6001
Email: [email protected]

The TSX Venture Exchange has not reviewed this news release and does not accept responsibility for its adequacy and accuracy.

Posted by Craig at December 31, 2003 04:21 PM