Author Archives: tucows

Tucows Second Quarter Investment Community Conference Call is Thursday, August 6, 2015 AT 5:00 P.M. (ET)

TORONTO, July 24, 2015 – Tucows Inc. (NASDAQ: TCX, TSX: TC) plans to report its second quarter fiscal 2015 financial results via news release on Thursday, August 6, 2015 at approximately 4:00 p.m. (ET). Tucows management will host a conference call on the same day at 5:00 p.m. (ET) to discuss the results and the outlook for the company.

Participants can join the call by dialing 1-888-231-8191 or 647-427-7450. Participants can also access the conference call via the Internet at http://www.tucows.com/investors.

For those unable to participate in the conference call at the scheduled time, it will be archived for replay both by telephone and via the Internet beginning approximately one hour following completion of the call. To access the archived conference call by telephone, dial 416-849-0833 or 1-855-859-2056 and enter the pass code 85694270 followed by the pound key. The telephone replay will be available until Thursday, August 13, 2015 at midnight. To access the archived conference call as an MP3 via the Internet, go to http://www.tucows.com/investors.

About Tucows

Tucows is a provider of network access, domain names and other Internet services. Ting (https://ting.com) delivers mobile phone service and fixed Internet access with outstanding customer support. OpenSRS (http://opensrs.com) manages over fourteen million domain names and millions of value-added services through a global reseller network of over 13,000 web hosts and ISPs. Hover (http://hover.com) makes it easy for individuals and small businesses to manage their domain names and email addresses. More information can be found on Tucows’ corporate website (http://tucows.com).

TUCOWS is a registered trademark of Tucows Inc. or its subsidiaries. All other trademarks and service marks are the properties of their respective owners.

Contact:

Lawrence Chamberlain
National Equicom
(416) 815-0700 ext. 257
lchamberlain@tmxequicom.com

Westminster, MD. Gets Lit With Ting

WESTMINSTER, Md., June 26, 2015 — The City of Westminster joins the ranks of cities with the fastest Internet access in the world today with a little help from Ting.

As access to the Internet and all the innovation and development that happens online becomes an increasing part of the national agenda, Ting and Westminster are demonstrating that the solution is local.

In this groundbreaking public/private partnership, the City of Westminster owns the main fiber network infrastructure where Ting, as a partner and exclusive service provider for a period of two years, lights it up and gets homes and businesses connected with crazy fast gigabit fiber Internet.

Gigabit Internet service refers to data uploads and downloads of up to a gigabit (or 1,000 megabits) per second. To put that in context, everyone in a gigabit household can be streaming video, gaming, video conferencing and browsing the Internet at the same time without getting in each other’s way. Gigabit fiber Internet access facilitates healthcare, fosters education and brings economic development.

“Our long term plan is to bring fiber to every home and business in the City. This project enables us to deliver a wide range of broadband services beyond simple Internet access, attracting even more businesses and residents to our City,” said Westminster Mayor Kevin Utz.

“We’re happy to team up with towns and cities that get it,” said Elliot Noss, CEO of Ting and its parent company Tucows (NASDAQ:TCX) (TSX:TC). “Gigabit fiber is the next generation of Internet access and it will power the next generation of ideas.”

Ting disrupted the mobile industry with its launch in 2012 offering shockingly fair pricing, usable interfaces and no-hold, no-transfer, live customer support.

“If there’s one industry that needs Ting perhaps even more than mobile, it’s cable and Internet access,” said Noss. “For too long, people and businesses have had no choice, or at best the illusion of choice, as to who provides them with access. They have been held hostage by contracts and forced under bandwidth caps. We are changing that.”

About Tucows

Tucows is a provider of network access, domain names and other Internet services. Ting (https://ting.com) delivers mobile phone service and fixed Internet access with outstanding customer support. OpenSRS (http://opensrs.com) manages over fourteen million domain names and millions of value-added services through a global reseller network of over 13,000 web hosts and ISPs. Hover (http://hover.com) makes it easy for individuals and small businesses to manage their domain names and email addresses. More information can be found on Tucows’ corporate website (http://tucows.com).

Media Contact:
Jesse Simms
416-535-0123 x1209

Investor Contact:
Lawrence Chamberlain
416-815-0700 ext. 257

Tucows Reports Continuing Strong Financial Results for the First Quarter of 2015

– Quarter Highlighted by Adjusted EBITDA of $6.9 Million and Net Earnings of $0.25 Per Share as Ting Mobile Increasingly Contributes to Financial Results –

TORONTO, May 7, 2015 – Tucows Inc. (NASDAQ:TCX, TSX:TC), a provider of network access, domain names and other Internet services, today reported its financial results for the first quarter ended March 31, 2015. All figures are in U.S. dollars.

Download financials (PDF)

Summary Financial Results
(In Thousands of US Dollars, Except Per Share Data)

3 Months Ended Mar. 31, 2015 (unaudited) 3 Months Ended Mar. 31, 2014 (unaudited)
Net revenue 40,468 34,402
     
Adjusted EBITDA¹ 6,893 3,314
Net income 2,834 477
Net earnings per common share $0.25 $0.04
Net cash provided by (used in) operating activities 2,938 (39)

¹ This Non-GAAP financial measure is described below and reconciled to GAAP net income in the accompanying table.

Summary of Revenues and Cost of Revenues
(In Thousands of US Dollars)

Revenue Cost of Revenue
3 Months Ended Mar. 31, 2015 (unaudited) 3 Months Ended Mar. 31, 2014 (unaudited) 3 Months Ended Mar. 31, 2015 (unaudited) 3 Months Ended Mar. 31, 2014 (unaudited)
Domain Services
Wholesale
OpenSRS Domain Service 21,175 21,649 17,548 18,235
Value-Added Services 2,242 2,604 536 541
Total Wholesale 23,417 24,253 18,084 18,776
Retail 2,876 2,384 1,220 1,015
Portfolio¹ 1,248 1,053 172 244
Total Domain Services 27,541 27,690 19,476 20,035
Network Access Services (Ting) 12,927 6,712 7,345 4,281
 
Network, other costs 1,222 1,144
Network, depreciation and amortization costs 204 183
Total revenue/cost of revenue 40,468 34,402 28,247 25,643

Note: Portfolio revenue for Q1 2015 includes a gain we recognized on the sale of our minority interest in .store as a result of this contested domain being resolved through a confidential private auction in February 2015.

“Continuing our momentum of last year, the first quarter was an excellent start to 2015,” said Elliot Noss, President and Chief Executive Officer, Tucows Inc. “With each quarter, the growth in Ting Mobile is having a greater impact on our financial results as we benefit from the operating leverage in our business. That impact is evident in the continued expansion of our gross margin percentage, which grew to 28%² from 24%² for the same quarter last year, while Adjusted EBITDA more than doubled to $6.9 million positioning us to come in comfortably above our previous guidance of $20 million for the full year. We look forward to continued growth in Ting Mobile alongside solid performance from our domains business as we ramp towards the launch of Ting Internet, our fiber-to-the-home initiative, later this year.”

Net revenue for the first quarter of 2015 increased 18% to $40.5 million from $34.4 million for the first quarter of 2014.

Adjusted EBITDA for the first quarter of 2015 increased 108% to $6.9 million from $3.3 million for the first quarter of 2014. Net income for the first quarter of 2015 increased to $2.8 million, or $0.25 per share, compared with $0.5 million, or $0.04 per share, for the first quarter of 2014. Both adjusted EBITDA and net income for the first quarter of 2015 benefitted from the sale of our minority interest in .store.

Cash and cash equivalents at the end of the first quarter of 2015 were $13.7 million, up from $8.3 million at the end of the fourth quarter of 2014 and $13.5 million at the end of the first quarter of 2014. During the first quarter of 2015, Tucows generated cash flow from operating activities of $2.9 million. In addition, the Company generated $6.6 million from its previously announced agreement to amend its .online joint venture relationship to a marketing agreement and received $3.5 million under its Amended Credit Facility to fund the Company’s previously announced acquisition of a controlling interest in Ting Virginia, LLC. The Company also used $7.7 million in cash to repurchase 408,000 shares of its common stock under its ongoing share buyback program and the modified “Dutch auction tender offer” that closed on January 7, 2015.

NOTES:

1. Adjusted EBITDA

Tucows reports all financial information required in accordance with United States generally accepted accounting principles (GAAP). Along with this information, to assist financial statement users in an assessment of our historical performance and to project our future earnings and cash flows, we typically disclose and discuss a non-GAAP financial measure, Adjusted EBITDA, on investor conference calls and related events that exclude non-cash and other charges as we believe that the non-GAAP information enhances investors’ overall understanding of our financial performance and the comparability of our operating results from period to period.

Adjusted EBITDA is one of the primary measures we use for planning and budgeting purposes, incentive compensation and to monitor and evaluate our financial and operating results. Adjusted EBITDA is not a measurement of financial performance under GAAP and should not be considered as an alternative to cash flow from operating activities or as a measure of liquidity or an alternative to net income as indicators of operating performance or any other measures of performance derived in accordance with generally accepted accounting principles. Because Adjusted EBITDA is calculated before recurring cash charges, including interest expense and taxes, and is not adjusted for capital expenditures or other recurring cash requirements of the business, it should not be considered as a measure of discretionary cash available to invest in the growth of the business. See the Consolidated Statements of Cash Flows included in the attached financial statements. Non-GAAP financial measures do not reflect a comprehensive system of accounting, differ from GAAP measures with the same captions and may differ from non-GAAP financial measures with the same or similar captions that are used by other companies. The use of certain non-GAAP financial measures requires management to make estimates and assumptions regarding amounts of assets and liabilities and the amounts of revenue and expense during the reporting periods. We base our estimates on historical experience and assumptions that we believe are reasonable. Actual results could differ from these estimates.

Adjusted EBITDA excludes depreciation expense, amortization of intangibles, income tax provision, interest expense, interest income, stock-based compensation, asset impairment, net deferred revenue, which comprises the change in deferred revenue, net of prepaid domain name registry and other Internet services fees, to reflect the material amount of cash we collect and pay for domain registrations and other Internet services at the time of activation, unrealized foreign exchange gain/loss from the translation of monetary accounts denominated in non U.S. dollars to U.S. dollars as well as the revaluation of foreign exchange contracts and our foreign denominated assets and liabilities and other infrequently occurring items listed in the itemized reconciliations between GAAP and non-GAAP financial measures included in this press release.

2. Excludes contribution of the Portfolio group.

Conference Call

Tucows management will host a conference call today, Thursday, May 7, 2015 at 5:00 p.m. (ET) to discuss the Company’s first quarter 2015 results. Participants can access the conference call by dialing 1-888-231-8191 or 647-427-7450 or via the Internet at http://www.tucows.com/investors.

For those unable to participate in the conference call at the scheduled time, it will be archived for replay both by telephone and via the Internet beginning approximately one hour following completion of the call. To access the archived conference call by telephone, dial 416-849-0833 or 1-855-859-2056 and enter the pass code 32328961 followed by the pound key. The telephone replay will be available until Thursday, May 14, 2015 at midnight. To access the archived conference call as an MP3 via the Internet, go to http://www.tucows.com/investors.

About Tucows

Tucows is a provider of network access, domain names and other Internet services. Ting (https://ting.com) delivers mobile phone service and fixed Internet access with outstanding customer support. OpenSRS (http://opensrs.com) manages over fourteen million domain names and millions of value-added services through a global reseller network of over 13,000 web hosts and ISPs. Hover (http://hover.com) makes it easy for individuals and small businesses to manage their domain names and email addresses. More information can be found on Tucows’ corporate website (http://tucows.com).

This release includes forward-looking statements as that term is defined in the U.S. Private Securities Litigation Reform Act of 1995 including statements regarding our expectations regarding our future financial results and, in particular, our expectations for Ting and its impact on our financial performance. These statements are based on management’s current expectations and are subject to a number of uncertainties and risks that could cause actual results to differ materially from those described in the forward-looking statements, including the acceptance of Ting in the market. Information about other potential factors that could affect Tucows’ business, results of operations and financial condition is included in the Risk Factors sections of Tucows’ filings with the Securities and Exchange Commission. All forward-looking statements should be evaluated with the understanding of their inherent uncertainty. All forward-looking statements are based on information available to Tucows as of the date they are made. Tucows assumes no obligation to update any forward-looking statements, except as may be required by law.

TUCOWS is a registered trademark of Tucows Inc. or its subsidiaries. All other trademarks and service marks are the properties of their respective owners.

Contact:

Lawrence Chamberlain
TMX Equicom
(416) 815-0700 ext. 257
lchamberlain@tmxequicom.com

Tucows First Quarter Investment Community Conference Call is Thursday, May 7, 2015 at 5:00 P.M. (ET)

TORONTO, April 23, 2015 – Tucows Inc. (NASDAQ: TCX, TSX: TC) plans to report its first quarter fiscal 2015 financial results via news release on Thursday, May 7, 2015 at approximately 4:00 p.m. (ET). Tucows management will host a conference call the same day at 5:00 p.m. (ET) to discuss the results and the outlook for the company.

Participants can join the call by dialing 1-888-231-8191 or 647-427-7450. Participants can also access the conference call via the Internet at http://www.tucows.com/investors.

For those unable to participate in the conference call at the scheduled time, it will be archived for replay both by telephone and via the Internet beginning approximately one hour following completion of the call. To access the archived conference call by telephone, dial 416-849-0833 or 1-855-859-2056 and enter the pass code 32328961 followed by the pound key. The telephone replay will be available until Thursday, May 14, 2015 at midnight. To access the archived conference call as an MP3 via the Internet, go to http://www.tucows.com/investors.

About Tucows

Tucows is a provider of network access, domain names and other Internet services. Ting (https://ting.com) delivers mobile phone service and fixed Internet access with outstanding customer support. OpenSRS (http://opensrs.com) manages over fourteen million domain names and millions of value-added services through a global reseller network of over 13,000 web hosts and ISPs. Hover (http://hover.com) makes it easy for individuals and small businesses to manage their domain names and email addresses. More information can be found on Tucows’ corporate website (http://tucows.com).

TUCOWS is a registered trademark of Tucows Inc. or its subsidiaries. All other trademarks and service marks are the properties of their respective owners.

Contact:

Lawrence Chamberlain
TMX Equicom
(416) 815-0700 ext. 257

lchamberlain@tmxequicom.com

Radix Assumes Full Ownership of .online

Tucows and Namecheap to Remain as Marketing Partners

TORONTO, March 2, 2015 – Radix, one of the leading registries in the new gTLD space, has reached an agreement with auction partners Tucows (Nasdaq:TCX) (TSX:TC) and Namecheap to assume full ownership and operation of the .online TLD.

Radix has already launched some of the most recognizable new gTLDs with .website, .host, .press and .space. With .online, they now own the first truly generic, truly global, viable alternative to .com.

“Online” is the most commonly used word to end domain names, with over 550K .com domain names today ending with the word “online.” In addition, the .online extension has been amongst the top most pre-registered names across registrars.

Tucows, the leading wholesale registrar, and Namecheap, one of the most popular retail registration services, will both continue to work closely with Radix as marketing and distribution partners. The three companies represent a formidable supply chain from registry to registrar to retailer, with the potential to deliver .online to tens of millions of small businesses around the world.

But Radix emerged as the party with the greatest focus on operating a registry.

“We began this partnership and this bid process way back in Spring 2013,” explained Tucows CEO Elliot Noss. “Since then, we have discovered a winning strategy that combines great execution on our domains business and investment for growth on our Ting telecom business. Namecheap, likewise, has increased its singular focus on delivering an outstanding retail domain name experience.”

Noss continued, “Meanwhile, Radix has emerged as one of the most ambitious and capable domain name registries in the world. We still believe that .online has huge potential as a fresh alternative to .com. We are confident that Radix is the right company to run it and both Tucows and Namecheap are thrilled to play our rightful part in its success.”

Radix CEO Bhavin Turakhia concluded simply, “The initial response to new gTLDs has been fantastic and .online has far greater potential than anything we or anyone else has launched to date. We are delighted to call it ours.”

The terms of the final agreement between the three parties is not disclosed.

About Radix

Radix (Radix FZC), is an active participant in ICANN’s process to expand the internet naming system and introduce new, meaningful internet addresses. Radix is Asia’s largest new gTLD applicant under this program with applications to operate 20 suffixes including web, .music, .blog, and .shop. The company has invested over $30 Million in securing licenses to operate these new extensions and expects to play a large role in the global diversification of the internet namespace.

About Tucows

Tucows is a provider of network access, domain name and other Internet services. OpenSRS (http://opensrs.com) manages over fourteen million domain names and millions of value-added services through a global reseller network of over 13,000 web hosts and ISPs. Hover (http://hover.com) is the easiest way for individuals and small businesses to manage their domain names and email addresses. Ting (https://ting.com) is a mobile phone service provider dedicated to bringing clarity and control to US mobile phone users. More information can be found on Tucows’ corporate website (http://tucows.com).

About Namecheap

Namecheap is a Los Angeles-based ICANN-accredited domain registrar, founded in 2000 by CEO Richard Kirkendall. With over four million domains under management and two million direct customers, Namecheap is one of the top domain registrars and web hosting providers in the world. For more information, visit, https://www.namecheap.com.

Tucows Contact:
Lawrence Chamberlain
TMX Equicom
(416) 815-0700 ext. 257

Tucows Announces $20 Million Stock Buyback Program

TORONTO, February 11, 2015 – Tucows Inc. (NASDAQ:TCX, TSX:TC) today announced that its Board of Directors has approved a stock buyback program to repurchase from time to time up to $20 million of its common stock in the open market. Purchases will be made exclusively through the facilities of the NASDAQ Capital Market. The stock buyback program will commence February 16, 2015 and will terminate on or before February 15, 2016.

All shares purchased by Tucows under the stock buyback program will be retired and returned to treasury.

The timing and exact number of common shares purchased will be at Tucows’ discretion and will depend on available cash and market conditions. Tucows may suspend or discontinue the repurchases at any time, including in the event Tucows would be deemed to be making an acquisition of its own shares under Rule 13e-3 of the Securities Exchange Act of 1934, as amended. Subject to applicable securities laws and stock exchange rules, all purchases will occur through the open market and may be in large block purchases. Tucows does not intend to purchase its shares from its management team or other insiders.

The purchase will be funded from available working capital and existing credit facilities. As of February 10, 2015, Tucows had 11,186,028 common shares outstanding.

NO STOCK EXCHANGE, SECURITIES COMMISSION OR OTHER REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED THE INFORMATION CONTAINED HEREIN.

About Tucows

Tucows is a provider of network access, domain name and other Internet services. Ting (https://ting.com) is a mobile phone service provider dedicated to bringing clarity and control to US mobile phone users. OpenSRS (http://opensrs.com) manages over 13 million domain names and millions of value-added services through a global reseller network of over 13,000 web hosts and ISPs. Hover (http://hover.com) is the easiest way for individuals and small businesses to manage their domain names and email addresses. More information can be found on Tucows’ corporate website (http://tucows.com).

This release includes forward-looking statements as that term is defined in the U.S. Private Securities Litigation Reform Act of 1995 including statements regarding our expectations regarding our future financial results and, in particular, our expectations for Ting and its impact on our financial performance. These statements are based on management’s current expectations and are subject to a number of uncertainties and risks that could cause actual results to differ materially from those described in the forward-looking statements, including the acceptance of Ting in the market. Information about other potential factors that could affect Tucows’ business, results of operations and financial condition is included in the Risk Factors sections of Tucows’ filings with the Securities and Exchange Commission. All forward-looking statements should be evaluated with the understanding of their inherent uncertainty. All forward-looking statements are based on information available to Tucows as of the date they are made. Tucows assumes no obligation to update any forward-looking statements, except as may be required by law.

TUCOWS is a registered trademark of Tucows Inc. or its subsidiaries. All other trademarks and service marks are the properties of their respective owners.

Contact:

Lawrence Chamberlain
TMX Equicom
(416) 815-0700 ext. 257
lchamberlain@tmxequicom.com

Tucows Reports Continuing Strong Financial Results for the Fourth Quarter of 2014

Quarter Highlighted by Net Earnings of $0.16 Per Share, Continued Momentum at Ting Mobile

TORONTO, February 11, 2015 – Tucows Inc. (NASDAQ:TCX, TSX:TC), a provider of network access, domain names and other Internet services, today reported its financial results for the fourth quarter ended December 31, 2014. All figures are in U.S. dollars.

Summary Financial Results
(In Thousands of US Dollars, Except Per Share Data)

3 Months Ended Dec. 31, 2014 (unaudited) 3 Months Ended Dec. 31, 2013 (unaudited) 9 Months Ended Dec. 31, 2014 (unaudited) 9 Months Ended Dec. 31, 2013 (unaudited)
Net revenue 38,802 33,139 147,667 129,935
Income before provision for income taxes and change in fair value of forward exchange contracts 3,277 1,532 10,739 6,476
Net income 1,859 923 6,374 4,180
Net earnings per common share¹ $0.16 $0.08 $0.57 $0.40
Net cash provided by (used in) operating activities 2,768 1,651 8,878 8,703

¹ Net earnings per common share reflects the 1-for-4 reverse split of common shares that became effective December 31, 2013.

Summary of Revenues and Cost of Revenues
(In Thousands of US Dollars)

Revenue Cost of Revenue
3 Months Ended Sept. 30, 2014 (unaudited) 3 Months Ended Sept. 30, 2013 (unaudited) 3 Months Ended Sept. 30, 2014 (unaudited) 3 Months Ended Sept. 30, 2013 (unaudited)
Domain Services
Wholesale
OpenSRS Domain Service 21,609 21,595 18,079 17,949
Value-Added Services 2,305 2,417 531 548
Total Wholesale 23,914 24,012 18,610 18,497
Retail 2,805 2,298 1,216 991
Portfolio¹ 917 1,100 241 143
Total Domain Services 27,636 27,410 20,067 19,631
Network Access Services (Ting) 11,166 5,729 6,755 3,975
 
Network, other costs 1,127 1,120
Network, depreciation and amortization costs 171 175
Total revenue/cost of revenue 38,802 33,139 28,120 24,901

“The fourth quarter was a solid finish to a strong year for Tucows,” said Elliot Noss, President and Chief Executive Officer, Tucows Inc. “The continuing growth in contribution from Ting Mobile, combined with steady performance of our Domains business, enabled us to deliver net earnings per share of $0.16 for the fourth quarter, bringing EPS for the year to a record $0.57, an increase of 43% over 2013. Importantly, we continue to realize the benefit from the operating leverage in our business as consolidated gross margin for the quarter grew to 26% from 23%, excluding the Portfolio Group, for the same period last year.”

“Ting Mobile’s momentum continued in the fourth quarter, adding more than 11,000 accounts and more than 17,000 devices to end the year with approximately 94,000 active accounts and 147,000 active devices. Over the course of 2014, we essentially doubled the size of our customer base. We look forward to continued growth in Ting Mobile over the course of 2015 as we begin to leverage Ting’s world-leading customer experience for significant opportunity in the fixed access market.”

Net revenue for the fourth quarter of 2014 increased 17% to $38.8 million from $33.1 million for the fourth quarter of 2013.

Net income for the fourth quarter of 2014 was $1.9 million, or $0.16 per share, compared with $0.9 million, or $0.08 per share, for the fourth quarter of 2013.

Cash and cash equivalents at the end of the fourth quarter of 2014 were $8.3 million, compared with $13.6 million at the end of the third quarter of 2014 and $12.4 million at the end of the fourth quarter of 2013. During the fourth quarter of 2014, Tucows generated cash flow in operating activities of $2.8 million. The Company also invested $8.2 million in the previously announced auction cost for the .online gTLD and registry seed capital for the joint venture, as well as in escrow accounts established to fund its previously announced acquisition of 70% ownership of an independent Internet service provider in Charlottesville, Virginia doing business primarily as Blue Ridge InternetWorks (BRI).

Conference Call

Tucows management will host a conference call today, Wednesday, February 11, 2014 at 5:00 p.m. (ET) to discuss the Company’s fourth quarter 2014 results. Participants can access the conference call by dialing 1-888-231-8191 or 647-427-7450 or via the Internet at http://www.tucows.com/investors.

For those unable to participate in the conference call at the scheduled time, it will be archived for replay both by telephone and via the Internet beginning approximately one hour following completion of the call. To access the archived conference call by telephone, dial 416-849-0833 or 1-855-859-2056 and enter the pass code 75735101 followed by the pound key. The telephone replay will be available until Wednesday, February 18, 2015 at midnight. To access the archived conference call as an MP3 via the Internet, go to http://www.tucows.com/investors.

About Tucows

Tucows is a provider of network access, domain name and other Internet services. Ting (https://ting.com) is a mobile phone service provider dedicated to bringing clarity and control to US mobile phone users. OpenSRS (http://opensrs.com) manages over 13 million domain names and millions of value-added services through a global reseller network of over 13,000 web hosts and ISPs. Hover (http://hover.com) is the easiest way for individuals and small businesses to manage their domain names and email addresses. More information can be found on Tucows’ corporate website (http://tucows.com).

This release includes forward-looking statements as that term is defined in the U.S. Private Securities Litigation Reform Act of 1995 including statements regarding our expectations regarding our future financial results and, in particular, our expectations for Ting and its impact on our financial performance. These statements are based on management’s current expectations and are subject to a number of uncertainties and risks that could cause actual results to differ materially from those described in the forward-looking statements, including the acceptance of Ting in the market. Information about other potential factors that could affect Tucows’ business, results of operations and financial condition is included in the Risk Factors sections of Tucows’ filings with the Securities and Exchange Commission. All forward-looking statements should be evaluated with the understanding of their inherent uncertainty. All forward-looking statements are based on information available to Tucows as of the date they are made. Tucows assumes no obligation to update any forward-looking statements, except as may be required by law.

TUCOWS is a registered trademark of Tucows Inc. or its subsidiaries. All other trademarks and service marks are the properties of their respective owners.

Contact:

Lawrence Chamberlain
TMX Equicom
(416) 815-0700 ext. 257
lchamberlain@tmxequicom.com

Tucows Fourth Quarter Investment Community Conference Call is Wednesday, February 11, 2015 AT 5:00 P.M. (ET)

TORONTO, January 28, 2015 – Tucows Inc. (NASDAQ: TCX, TSX: TC) plans to report its fourth quarter fiscal 2014 financial results via news release on Wednesday, February 11, 2015 at approximately 4:00 p.m. (ET). Tucows management will host a conference call the same day at 5:00 p.m. (ET) to discuss the results and the outlook for the company.

Participants can join the call by dialing 1-888-231-8191 or 647-427-7450. Participants can also access the conference call via the Internet at http://www.tucows.com/investors.

For those unable to participate in the conference call at the scheduled time, it will be archived for replay both by telephone and via the Internet beginning approximately one hour following completion of the call. To access the archived conference call by telephone, dial 416-849-0833 or 1-855-859-2056 and enter the pass code 75735101 followed by the pound key. The telephone replay will be available until Wednesday, February 18, 2015 at midnight. To access the archived conference call as an MP3 via the Internet, go to http://www.tucows.com/investors.

About Tucows

Tucows is a provider of network access, domain name and other Internet services. Ting (https://ting.com) is a mobile phone service provider dedicated to bringing clarity and control to US mobile phone users. OpenSRS (http://opensrs.com) manages over 13 million domain names and millions of value-added services through a global reseller network of over 13,000 web hosts and ISPs. Hover (http://hover.com) is the easiest way for individuals and small businesses to manage their domain names and email addresses. More information can be found on Tucows’ corporate website (http://tucows.com).

TUCOWS is a registered trademark of Tucows Inc. or its subsidiaries. All other trademarks and service marks are the properties of their respective owners.

Contact:

Lawrence Chamberlain
TMX Equicom
(416) 815-0700 ext. 257
lchamberlain@tmxequicom.com

Tucows Inc. Announces Final Results of Dutch Tender Offer

TORONTO, Jan. 8, 2015 — Tucows Inc. (Nasdaq:TCX) (TSX:TC), a provider of network access, domain name and other Internet services, announced today the final results of its modified “Dutch auction” tender offer (the “Tender Offer”), which expired at 5:00 p.m., New York City time, on January 7, 2015. Tucows will purchase 193,907 shares of its common stock at a purchase price of $18.50 per share, for a total cost of $3,587,280, excluding fees and expenses related to the tender offer. Payment for shares accepted for purchase will be funded in cash. The 193,907 shares accepted for purchase in the tender offer represent approximately 1.7% of Tucows’ currently issued and outstanding common stock.

Payment for shares accepted for purchase will be made promptly by Computershare Trust Company, N.A., the depositary for the tender offer.

All shares purchased by Tucows in the tender offer will be cancelled. As a result of the completion of the Tender Offer and immediately following payment of the tendered shares, Tucows will have approximately 11,135,825 shares issued and outstanding.

About Tucows

Tucows is a provider of network access, domain name and other Internet services. Ting (https://ting.com) is a mobile phone service provider dedicated to bringing clarity and control to US mobile phone users. OpenSRS (http://opensrs.com) manages over 13 million domain names and millions of value-added services through a global reseller network of over 13,000 web hosts and ISPs. Hover (http://hover.com) is the easiest way for individuals and small businesses to manage their domain names and email addresses. More information can be found on Tucows’ corporate website (http://tucows.com).

TUCOWS is a registered trademark of Tucows Inc. or its subsidiaries. All other trademarks and service marks are the properties of their respective owners.

Contact:

Lawrence Chamberlain
TMX Equicom
(416) 815-0700 ext. 257

Tucows Inc. Announces Preliminary Results of Dutch Tender Offer

TORONTO, Jan. 8, 2015 — Tucows Inc. (Nasdaq:TCX) (TSX:TC), a provider of network access, domain name and other Internet services, announced today the preliminary results of its modified “Dutch auction” tender offer (the “Tender Offer”), which expired at 5:00 p.m., New York City time, on January 7, 2015. Based on the preliminary count by Computershare Trust Company, N.A., the depositary for the Tender Offer, a total of 193,907 shares of Tucows’ common stock have been validly tendered and not validly withdrawn at or below the purchase price of $18.50 per share.

In accordance with the terms and conditions of the Tender Offer and based on the preliminary count by the depositary, Tucows expects to acquire 193,907 shares of its common stock at a purchase price of $18.50 per share, for an aggregate cost of approximately $3.6 million, excluding fees and expenses relating to the Tender Offer. Tucows intends to fund the purchase of shares pursuant to the Tender Offer, including the related fees and expenses, from cash on hand.

The number of shares expected to be purchased in the Tender Offer and the price per share are preliminary and subject to verification by Computershare Trust Company, N.A., the Depositary for the Tender Offer. The final number of shares to be purchased and the final price per share will be announced promptly following completion of the verification process. Payment for the shares accepted for purchase will occur promptly thereafter. Payment for shares will be made in cash, without interest.

Tucows commenced the Tender Offer on December 8, 2014 when it offered to purchase up to $8.0 million worth of shares at a price within the range of $16.50 to $18.50 per share, net to the seller in cash, without interest.

All shares purchased by Tucows in the Tender Offer will be cancelled. Based on the preliminary results, as a result of the completion of the Tender Offer Tucows expects to have approximately 11,135,825 shares issued and outstanding as of the time immediately following payment for the tendered shares.

Shareholders who have questions or need assistance may call Georgeson Inc., the information agent for the tender offer, at (800) 509-0983.

About Tucows

Tucows is a provider of network access, domain name and other Internet services. Ting (https://ting.com) is a mobile phone service provider dedicated to bringing clarity and control to U.S. mobile phone users. OpenSRS (http://opensrs.com) manages over 13 million domain names and millions of value-added services through a global reseller network of over 13,000 web hosts and ISPs. Hover (http://hover.com) is the easiest way for individuals and small businesses to manage their domain names and email addresses. More information can be found on Tucows’ corporate website (http://tucows.com).

This news release includes forward-looking statements based on management’s current expectations. These statements include statements regarding our expectations with respect to the Tender Offer, including the number of shares to be purchased, the purchase price per share and the terms and conditions of the Tender Offer. These statements are subject to a number of uncertainties and risks that could cause actual events to differ materially from those described in the forward-looking statements including general market conditions. Information about other potential factors that could affect Tucows’ business, results of operations and financial condition is included in the Risk Factors sections of Tucows’ filings with the SEC. All forward-looking statements should be evaluated with the understanding of their inherent uncertainty. All forward-looking statements are based on information available to Tucows as of the date they are made. Tucows assumes no obligation to update any forward-looking statements, except as may be required by law.

TUCOWS is a registered trademark of Tucows Inc. or its subsidiaries. All other trademarks and service marks are the properties of their respective owners.

Contact

Lawrence Chamberlain
TMX Equicom
(416) 815-0700 ext. 257

Ting Acquires Majority Stake In Blue Ridge InternetWorks, Expands From Mobile To Fixed Internet Access

– Accelerates BRI mission to bring gigabit Internet via fiber to Charlottesville, Virginia –

CHARLOTTESVILLE, VA, December 16, 2014 – Ting Fiber, Inc. (TFI), a wholly owned subsidiary of Tucows Inc. (NASDAQ: TCX; TSX: TC), announced today that it has entered into a definitive agreement to acquire 70% ownership of an independent Internet service provider in Charlottesville, Virginia doing business primarily as Blue Ridge InternetWorks (BRI).

BRI provides high speed Internet access, Internet hosting and network consulting services to over 3,000 customers in Central Virginia.

Ting disrupted the mobile industry with its launch in 2012, offering shockingly fair pricing, usable interfaces and no-hold, no-transfer live customer support. This acquisition signals an ambition to bring the same sort of sanity and innovation to the cable industry.

“The expansion from mobile to fixed access is almost obvious for us,” explained Tucows CEO Elliot Noss. “The only customers in the world more starved for great service and fair pricing than mobile phone customers are cable customers. They deserve that.”

“But we have an opportunity with BRI in Charlottesville to offer even more than great service at a low price. The step up to gigabit, or ultra high-speed, access is profound,” continued Mr. Noss. “It can change the way people use and enjoy the Internet. It can help attract and grow businesses and transform a community.”

“There is a wonderful movement going on. Towns are excited about the potential of fiber and they are lobbying for it. So far, these build-outs have mostly been ‘side projects’ for industry giants. I think we can prove there is enough demand and profit to make it work absolutely anywhere and to attract and sustain smaller, more customer-focused providers like us. It’s an exciting experiment.”

Jeff Cornejo, co-founder of BRI, echoed this enthusiasm. “For almost fifteen years, we have provided a wonderful, service-driven alternative to big guys like Comcast and CenturyLink. But to do what we want to do, to give Charlottesville the fastest, best Internet access in the country, we needed some more muscle. Ting gives us the capital and the technical capabilities we need without compromising our focus on customer relationships.”

Mr. Noss concluded, “For shareholders, this is a rare opportunity. In one deal, we get customers, revenue, prospects, infrastructure and a wealth of fiber expertise. We get an inside track on a game changing technology.”

TFI will acquire 70% of the newly formed Ting Virginia LLC and its acquired subsidiaries, Blue Ridge Websoft LLC (doing business as Blue Ridge InternetWorks), Fiber Roads, LLC and Navigator Network Services, LLC (the BRI Group). The remaining 30% interest in Ting Virginia LLC, which is subject to certain Call and Put Options, will be retained by the current owners of the BRI Group. The founders of the BRI Group will remain with the company. The price and terms of the acquisition were not announced. The acquisition is subject to regulatory approvals and other customary closing conditions and is expected to close during the first quarter of 2015.

Visit https://ting.com/internet to learn more about Ting and the benefits of fiber, to sign up for updates or to talk to us about bringing gigabit Internet to your town.

Conference Call

Tucows management will host a conference call today, December 16, 2014 at 5:00 pm (ET) to discuss this announcement. Participants can access the conference call by dialing 1-888-231-8191 or 647- 427-7450 or via the Internet at http://www.tucows.com/investors.

For those unable to participate in the conference call at the scheduled time, it will be archived for replay both by telephone and via the Internet beginning approximately one hour following completion of the call. To access the archived conference call by telephone, dial 1-855-859-2056 or 416-849-0833 and enter the pass code 54400285 followed by the pound key. The telephone replay will be available until Tuesday, December 23, 2014 at midnight ET. To access the archived conference call as an MP3 via the Internet, go to http://www.tucows.com/investors.

About Blue Ridge InternetWorks

Blue Ridge InternetWorks’ headquarters and data center are located in Charlottesville, VA. Founded in 2000, BRI offers hosting, IT services and high-speed Internet access for 3,000 customers. BRI has a staff of 25 employees. This team plans, designs, implements and maintains high-speed data networks.

About Ting

Ting offers mobile that makes sense. Ting has no contracts, no overage penalties and no hidden fees. Minutes, megabytes and messages are each billed separately and customers only pay for the usage levels they actually hit. Businesses and families can have unlimited devices on one account and share usage for even greater savings. Active devices on an account cost just $6 per month. Ting offers a clear, usable website and smart, accessible people that are empowered to solve problems.

Starting today, Ting will start making fixed Internet make sense too.

About Tucows

Tucows is a provider of network access, domain name and other Internet services. Ting (https://ting.com) is a mobile phone service provider dedicated to bringing clarity and control to US mobile phone users. OpenSRS (http://opensrs.com) manages over 13 million domain names and millions of value-added services through a global reseller network of over 13,000 web hosts and ISPs. Hover (http://hover.com) is the easiest way for individuals and small businesses to manage their domain names and email addresses. More information can be found on Tucows’ corporate website (http://tucows.com).

This release includes forward-looking statements as that term is defined in the U.S. Private Securities Litigation Reform Act of 1995 including statements regarding and the acquisition, its timing and impact. These statements are based on management’s current expectations and are subject to a number of uncertainties and risks that could cause actual results to differ materially from those described in the forward-looking statements, including the parties’ ability to obtain regulatory approvals and satisfy closing conditions and integration of the BRI Group into our Company. Information about other potential factors that could affect Tucows’ business, results of operations and financial condition is included in the Risk Factors sections of Tucows’ filings with the Securities and Exchange Commission. All forward-looking statements should be evaluated with the understanding of their inherent uncertainty. All forward-looking statements are based on information available to Tucows as of the date they are made. Tucows assumes no obligation to update any forward-looking statements, except as may be required by law.

Media Contact:

Jesse Simms
416-535-0123 x1209
jsimms@tucows.com

Investor Contact:

Lawrence Chamberlain
416-815-0700 ext. 257
lchamberlain@tmxequicom.com

Ting to Add Service on a GSM Network

First mobile provider ever to allow both CDMA and GSM devices to share usage on one account

TORONTO, December 9, 2014 – Mobile service provider Ting, a subsidiary of Tucows Inc. (NASDAQ:TCX, TSX:TC), today announced an agreement with a major US network provider to offer service on a GSM network.

Ting’s GSM service is slated to go live in February 2015 and will operate in concert with the existing CDMA service. Once live, CDMA and GSM devices can coexist under a single Ting account, sharing a single pool of minutes, messages and megabytes of data.

“This is an industry first,” said Elliot Noss, CEO of Tucows and Ting.

tinggsmsimPlus, if you have a device in your pocket, chances are a Ting GSM SIM card is all you will need to give this highly touted upstart a try. Based on market-wide sales research and surveys released by Kantar Worldpanel ComTech USA and covered by FierceWireless, greater than 80% of the smartphones sold in the US over the past two years will work on Ting.

This will significantly lower the barrier to entry for people to try Ting. Rather than a leap of faith (albeit a leap that over 80,000 people are happy they made), with a compatible phone and a Ting GSM SIM card, it’s more of a small step.

Starting today, Ting’s compatibility checker at https://ting.com/byod will not only tell prospects whether their device is compatible on the current CDMA service, but also whether it will be compatible on the upcoming GSM service.

“Our goal has always been a mobile market where customers and their devices can move between carriers as they see fit,” Noss said. “We think the power balance in the mobile industry is all off. Customers, not service providers, should hold the cards.”

“We’ve been offering our vision of a better way to do mobile service for almost three years now. We’re always looking to push it further. Offering service for GSM devices, and sharing minutes, messages and megabytes on one account regardless of which network the device accesses, feels like the right next step,” Noss said before taking a deep breath because, seriously, that was a pretty long quote.

About Ting

Ting (https://ting.com) offers mobile that makes sense. Ting has no contracts, no overage penalties and no hidden fees. Minutes, megabytes and messages are each billed separately and customers only pay for the usage levels they actually hit. Businesses and families can have unlimited devices on one account and share usage for even greater savings. Active devices on an account cost just $6 per month. Ting offers a clear, usable website and smart, accessible people that are empowered to solve problems.

About Tucows

Tucows is a provider of network access, domain name and other Internet services. Ting (https://ting.com) is a mobile phone service provider dedicated to bringing clarity and control to US mobile phone users. OpenSRS (http://opensrs.com) manages over 13 million domain names and millions of value-added services through a global reseller network of over 13,000 web hosts and ISPs. Hover (http://hover.com) is the easiest way for individuals and small businesses to manage their domain names and email addresses. More information can be found on Tucows’ corporate website (http://tucows.com).

Media Contact:

Jesse Simms
416-535-0123 x1209
jsimms@tucows.com

Investor Contact:

Lawrence Chamberlain
416-815-0700 ext. 257
lchamberlain@tmxequicom.com

Tucows Announces Commencement of Dutch Auction Tender Offer

TORONTO – December 8, 2014 – Tucows Inc. (NASDAQ:TCX, TSX:TC), a provider of network access, domain name and other Internet services, announced today that it is commencing its “modified Dutch auction Tender Offer” (the “Tender Offer”) to repurchase a number of its common shares not to exceed an aggregate purchase price of $8.0 million, as previously announced on November 12, 2014. The closing price of Tucows common stock on the NASDAQ on December 5, 2014 was $17.45.

Under the Tender Offer, shareholders will have the opportunity to tender some or all of their shares at a price within the range of $16.50 to $18.50 per share. Based on the number of shares tendered and the prices specified by the tendering shareholders, Tucows will determine the lowest per share price within the range that will enable it to buy up to $8.0 million worth of shares, or such lesser number of shares that are properly tendered. Assuming that the offer is fully subscribed, if the Purchase Price is determined to be $16.50 per share, the minimum Purchase Price under the Tender Offer, the approximate number of shares that will be purchased under the offer is 484,848. Assuming that the Tender Offer is fully subscribed, if the Purchase Price is determined to be $18.50 per share, the maximum Purchase Price under the offer, the approximate number of shares that will be purchased under the offer is 432,432. If more than $8.0 million worth of shares are properly tendered, the number of shares to be repurchased by Tucows pursuant to the tender offer may, at the discretion of Tucows, be increased by up to 2% of Tucows’ outstanding shares, without amending or extending the tender offer. Rawleigh Ralls, a director of Tucows, has advised Tucows that he expects to sell up to 75,000 shares in the Tender Offer.

Shareholders whose shares are purchased in the offer will be paid the determined purchase price per share net in cash, without interest, after the expiration of the offer period at 5:00 P.M., New York City Time, on Wednesday, January 7, 2015.

Tucows intends to fund the purchase of shares up to $8.0 million pursuant to the offer, including the related fees and expenses, from cash on hand. However, if more than $8.0 million in value of shares are tendered in the offer at or below the Purchase Price and the Company exercises its right to purchase up to an additional 2% of our outstanding shares, the Company may fund a portion of this purchase from one of its demand loan facilities with the Bank of Montreal.

The Depositary and Paying Agent for the tender offer is Computershare Trust Company, N.A., c/o Computershare Shareholder Services, Inc., P.O. Box 43011, Providence, RI 02940-3014, Attn: Corporate Actions. The Information Agent for the tender offer is Georgeson Inc., 480 Washington Blvd, 26th Floor, Jersey City, NJ 07310.

Neither Tucows, its board of directors or the information agent is or will be making any recommendation to shareholders as to whether to tender or refrain from tendering their shares into the Tender Offer. Shareholders will be able to obtain copies of the offer to purchase, related materials filed by the Company as part of the statement on Schedule TO and other documents filed with the Securities and Exchange Commission through the SEC’s internet address at www.sec.gov without charge when these documents become available. Shareholders and investors may also obtain a copy of these documents, as well as any other documents the Company has filed with the SEC, without charge, from the Company or at the Company’s website: www.tucows.com. Shareholders are urged to carefully read these materials, when available, prior to making any decision with respect to the offer. Shareholders and investors who have questions or need assistance may call Georgeson Inc., the information agent for the tender offer, at (800) 509-0983.

This release is for informational purposes only and is not an offer to buy or the solicitation of an offer to sell any shares of the Company’s common stock. The solicitation and offer to buy the Company’s common stock will only be made pursuant to the offer to purchase and related materials that the Company is sending to its shareholders. Shareholders should read those materials carefully because they will contain important information, including the various terms and conditions of the Tender Offer.

About Tucows

Tucows is a provider of network access, domain name and other Internet services. Ting (https://ting.com) is a mobile phone service provider dedicated to bringing clarity and control to US mobile phone users. OpenSRS (http://opensrs.com) manages over 13 million domain names and millions of value-added services through a global reseller network of over 13,000 web hosts and ISPs. Hover (http://hover.com) is the easiest way for individuals and small businesses to manage their domain names and email addresses. More information can be found on Tucows’ corporate website (http://tucows.com).

This release includes forward-looking statements based on management’s current expectations. These statements, include statements regarding our expectations with respect to the Tender Offer and the related participants, terms and conditions of the Tender Offer and are subject to a number of uncertainties and risks that could cause actual events to differ materially from those described in the forward-looking statements including general market conditions. Information about other potential factors that could affect Tucows’ business, results of operations and financial condition is included in the Risk Factors sections of Tucows’ filings with the SEC. All forward-looking statements should be evaluated with the understanding of their inherent uncertainty. All forward-looking statements are based on information available to Tucows as of the date they are made. Tucows assumes no obligation to update any forward-looking statements, except as may be required by law.

TUCOWS is a registered trademark of Tucows Inc. or its subsidiaries. All other trademarks and service marks are the properties of their respective owners.

Contact:

Lawrence Chamberlain
TMX Equicom
(416) 815-0700 ext. 257
lchamberlain@tmxequicom.com

Tucows Announces Intention to Commence Dutch Auction Tender Offer

TORONTO, November 12, 2014 — Tucows Inc. (NASDAQ:TCX, TSX:TC), a provider of network access, domain name and other Internet services, today announced it expects to commence within 30 days of this announcement a “modified Dutch auction” tender offer (the “Tender Offer”) to repurchase a number of shares of its common stock not to exceed an aggregate purchase price of $8.0 million. In accordance with rules of the Securities and Exchange Commission (“SEC”), Tucows may increase the number of shares accepted for payment in the offer by no more than 2 percent of the outstanding shares without amending or extending the tender offer. Tucows also announced that it has suspended its normal course issuer bid, which commenced in March 2014 and pursuant to which Tucows has repurchased 79,392 shares of common stock.

The Tender Offer will allow shareholders to indicate how many shares and at what price within the Company’s specified range they wish to tender. Tucows will select the lowest single per-share purchase price that will allow it to buy up to $8.0 million of its outstanding common stock at completion of the Tender Offer. The specified range is yet to be determined but is expected to be in the range of $16.00 to $18.00 per share. All shares purchased by the Company in the Tender Offer will be purchased at the same price and will be cancelled. The Company will not purchase stock below a shareholder’s indicated price, and in some cases, the Company may purchase shares at a price that is above a shareholder’s indicated price under the terms of the Tender Offer.

The Tender Offer will not be conditioned upon any minimum number of shares being tendered, but will be subject to customary conditions that will be described in the Tender Offer documents. The offer to purchase and related Tender Offer documents, which will be distributed to shareholders upon commencement of the Tender Offer, will also contain tendering instructions and a complete explanation of the Tender Offer’s terms and conditions.

Neither Tucows, its board of directors nor its agents is or will be making any recommendation to shareholders as to whether to tender or refrain from tendering their shares into the Tender Offer. Shareholders must decide whether to tender their shares and, if so, how many shares to tender and at what price or prices. In doing so, shareholders should carefully evaluate all of the information in the Tender Offer documents, when available, before making any decision with respect to the Tender Offer, and should consult their own financial and tax advisors.

Rawleigh Ralls, a director of Tucows, has advised Tucows that he expects to participate in the tender offer.

The Tender Offer described in this release has not yet commenced. This release is for informational purposes only and is not an offer to buy or the solicitation of an offer to sell any shares of the Company’s common stock. The solicitation and offer to buy the Company’s common stock will only be made pursuant to the offer to purchase and related Tender Offer documents, which are expected to be distributed to shareholders within thirty days of this announcement. Shareholders will be able to obtain copies of the offer to purchase and related Tender Offer documents when available without charge through the SEC’s website at www.sec.gov or from the Company’s website at www.tucows.com. Shareholders are urged to carefully read these materials, when available, prior to making any decision with respect to the offer.

About Tucows

Tucows is a provider of network access, domain name and other Internet services. Ting (https://ting.com) is a mobile phone service provider dedicated to bringing clarity and control to US mobile phone users. OpenSRS (http://opensrs.com) manages over 13 million domain names and millions of value-added services through a global reseller network of over 13,000 web hosts and ISPs. Hover (http://hover.com) is the easiest way for individuals and small businesses to manage their domain names and email addresses. More information can be found on Tucows’ corporate website (http://tucows.com).

This release includes forward-looking statements as that term is defined in the U.S. Private Securities Litigation Reform Act of 1995 including statements regarding our expectations regarding our future financial results and, in particular, our expectations for Ting and its impact on our financial performance. These statements are based on management’s current expectations and are subject to a number of uncertainties and risks that could cause actual results to differ materially from those described in the forward-looking statements, including the acceptance of Ting in the market. Information about other potential factors that could affect Tucows’ business, results of operations and financial condition is included in the Risk Factors sections of Tucows’ filings with the Securities and Exchange Commission. All forward-looking statements should be evaluated with the understanding of their inherent uncertainty. All forward-looking statements are based on information available to Tucows as of the date they are made. Tucows assumes no obligation to update any forward-looking statements, except as may be required by law.

TUCOWS is a registered trademark of Tucows Inc. or its subsidiaries. All other trademarks and service marks are the properties of their respective owners.

Contact:

Lawrence Chamberlain
TMX Equicom
(416) 815-0700 ext. 257
lchamberlain@tmxequicom.com

Tucows Reports Continuing Strong Financial Results for the Third Quarter of 2014

— Quarter Highlighted by Net Earnings of $0.24 Per Share, Continued Momentum at Ting —

TORONTO, November 12, 2014 – Tucows Inc. (NASDAQ:TCX, TSX:TC), a provider of network access, domain name and other Internet services, today reported its financial results for the third quarter ended September 30, 2014. All figures are in U.S. dollars.

Summary Financial Results
(In Thousands of US Dollars, Except Per Share Data)

3 Months Ended Sept. 30, 2014 (unaudited) 3 Months Ended Sept. 30, 2013 (unaudited) 9 Months Ended Sept. 30, 2014 (unaudited) 9 Months Ended Sept. 30, 2013 (unaudited)
Net revenue 38,874 35,637 108,865 96,795
Income before provision for income taxes and change in fair value of forward exchange contracts 4,072 3,565 7,462 4,944
Net income 2,691 2,593 4,515 3,258
Net earnings per common share¹ $0.24 $0.24 $0.40 $0.32
Net cash provided by (used in) operating activities 5,014 3,664 6,110 7,052

¹ Net earnings per common share reflects the 1-for-4 reverse split of common shares that became effective December 31, 2013.

Summary of Revenues and Cost of Revenues
(In Thousands of US Dollars)

Revenue Cost of Revenue
3 Months Ended Sept. 30, 2014 (unaudited) 3 Months Ended Sept. 30, 2013 (unaudited) 3 Months Ended Sept. 30, 2014 (unaudited) 3 Months Ended Sept. 30, 2013 (unaudited)
Domain Services
Wholesale
OpenSRS Domain Service 21,880 22,003 18,230 18,581
Value-Added Services 2,350 2,606 576 485
Total Wholesale 24,230 24,609 18,806 19,066
Retail 2,687 2,143 1,197 946
Portfolio¹ 2,208 4,167 189 660
Total Domain Services 29,125 30,919 20,192 20,672
Network Access Services (Ting) 9,749 4,718 5,794 3,597
 
Network, other costs 1,139 1,193
Network, depreciation and amortization costs 172 176
Total revenue/cost of revenue 38,874 35,637 27,297 25,638

¹Portfolio revenue for Q3 2014 and Q3 2013 includes the net amounts received from the previously announced confidential arrangements related to the Company’s withdrawal of its application under the ICANN New gTLD Program for .group, and .media and .marketing, respectively.

“In the third quarter we again saw the growing contribution from Ting in our financial results as our Domain Services businesses continued to deliver consistent, reliable performance,” said Elliot Noss, President and Chief Executive Officer, Tucows Inc. “We achieved net earnings of $0.24 per share, bringing net earnings for the year-to-date to $0.40 per share, surpassing our total for the entire 2013 year. Consolidated gross margin increased to 26% from 21% a year earlier, excluding the Portfolio group, which benefited from atypical contributions in both quarters.”

“Ting continued its strong momentum in customer acquisition, adding almost 11,000 accounts and more than 17,000 devices.”

Net revenue for the third quarter of 2014 increased 9% to $38.9 million from $35.6 million for the third quarter of 2013.

Net income for the third quarter of 2014 was $2.7 million, or $0.24 per share, compared with $2.6 million, or $0.24 per share, for the third quarter of 2013. Net income for both the third quarters of 2013 and 2014 included the contribution of confidential arrangements related to the Company’s withdrawal of certain of its applications under the ICANN New gTLD Program.

Cash and cash equivalents at the end of the third quarter of 2014 were $13.6 million, compared with $14.2 million at the end of the second quarter of 2014 and $11.5 million at the end of the third quarter of 2013. During the third quarter of 2014, the Company generated cash flow from operating activities of $5.0 million, as well as $1.1 million from the proceeds of stock options. This was partially offset by the use of $5.4 million for the repayment in full of the Company’s bank loan and $1.1 million for the repurchase of shares under the Company’s ongoing share buyback program.

Conference Call

Tucows management will host a conference call today, Wednesday, November 12, 2014 at 5:00 p.m. (ET) to discuss the Company’s third quarter 2014 results. Participants can access the conference call by dialing 1-888-231-8191 or 647-427-7450 or via the Internet at http://www.tucows.com/investors.

For those unable to participate in the conference call at the scheduled time, it will be archived for replay both by telephone and via the Internet beginning approximately one hour following completion of the call. To access the archived conference call by telephone, dial 416-849-0833 or 1-855-859-2056 and enter the pass code 21916055 followed by the pound key. The telephone replay will be available until Wednesday, November 19, 2014 at midnight. To access the archived conference call as an MP3 via the Internet, go to http://www.tucows.com/investors.

About Tucows

Tucows is a provider of network access, domain name and other Internet services. Ting (https://ting.com) is a mobile phone service provider dedicated to bringing clarity and control to US mobile phone users. OpenSRS (http://opensrs.com) manages over 13 million domain names and millions of value-added services through a global reseller network of over 13,000 web hosts and ISPs. Hover (http://hover.com) is the easiest way for individuals and small businesses to manage their domain names and email addresses. More information can be found on Tucows’ corporate website (http://tucows.com).

This release includes forward-looking statements as that term is defined in the U.S. Private Securities Litigation Reform Act of 1995 including statements regarding our expectations regarding our future financial results and, in particular, our expectations for Ting and its impact on our financial performance. These statements are based on management’s current expectations and are subject to a number of uncertainties and risks that could cause actual results to differ materially from those described in the forward-looking statements, including the acceptance of Ting in the market. Information about other potential factors that could affect Tucows’ business, results of operations and financial condition is included in the Risk Factors sections of Tucows’ filings with the Securities and Exchange Commission. All forward-looking statements should be evaluated with the understanding of their inherent uncertainty. All forward-looking statements are based on information available to Tucows as of the date they are made. Tucows assumes no obligation to update any forward-looking statements, except as may be required by law.

TUCOWS is a registered trademark of Tucows Inc. or its subsidiaries. All other trademarks and service marks are the properties of their respective owners.

Contact:

Lawrence Chamberlain
TMX Equicom
(416) 815-0700 ext. 257
lchamberlain@tmxequicom.com

Radix, Tucows and Namecheap Win .online Auction

— Domain industry veterans form a “global supply chain supergroup,”
secure the first viable alternative to .com —

TORONTO, Nov. 10, 2014 – A newly formed entity owned by Radix, Tucows and Namecheap won the auction to operate the .online registry for an undisclosed amount.

In the past year, dozens of new generic top level domains (gTLDs) from .actor to .wtf have brought meaning to the letters after the dot for niche constituencies and content. Soon, domain registrants will have one broad, intuitive, uncluttered alternative to .com for almost any initiative online.

They will also have a registry operator that is up to the task.

Radix is poised to join the largest registries in the world with applications to operate 20 suffixes and a warchest of over $30 million to ensure its success.

Tucows (NASDAQ:TCX; TSX:TC) operates OpenSRS, the largest wholesale domain name registrar in the world, with over 14,000 resellers in 150 countries and 14 million domains under management.

Namecheap is one of the most popular retail domain name services in the world, with over four million domains under management, two million direct customers, best-in-class user interfaces and outstanding customer support.

Together, the three companies bring unparalleled domain name experience and global distribution. That is fitting for .online, which perhaps brings unparalleled global relevance and appeal.

“Online” is the most commonly used word to end domain names, with over 550K .com domain names today ending with the word “online.” In addition, the .online extension has been amongst the top most pre-registered names across registrars.

“.online is the one new gTLD that requires no explanation,” chanted Radix CEO Bhavin Turakhia, Tucows CEO Elliot Noss and Namecheap CEO Richard Kirkendall. On the count of three, the CEOs continued, “We are excited to leverage our joint capabilities to bring this exciting new generic to the global market.”

Each of Radix, Tucows and NameCheap will contribute $4 to $5 million to cover the cost of the auction and the initial funding of seed capital for the registry. Tucows will treat its contribution as an investment for the purposes of financial reporting.

.online is expected to be generally available for registrations in early 2015.

About Radix

Radix (Radix FZC), is an active participant in ICANN’s process to expand the internet naming system and introduce new, meaningful internet addresses. Radix is Asia’s largest new gTLD applicant under this program with applications to operate 20 suffixes including web, .music, .blog, and .shop. The company has invested over $30 Million in securing licenses to operate these new extensions and expects to play a large role in the global diversification of the internet namespace.

About Tucows
Tucows is a provider of network access, domain name and other Internet services. OpenSRS (http://opensrs.com) manages over fourteen million domain names and millions of value-added services through a global reseller network of over 13,000 web hosts and ISPs. Hover (http://hover.com) is the easiest way for individuals and small businesses to manage their domain names and email addresses. Ting (https://ting.com) is a mobile phone service provider dedicated to bringing clarity and control to US mobile phone users. More information can be found on Tucows’ corporate website (http://tucows.com).

About Namecheap

Namecheap is a Los Angeles-based ICANN-accredited domain registrar, founded in 2000 by CEO Richard Kirkendall. With over four million domains under management and two million direct customers, Namecheap is one of the top domain registrars and web hosting providers in the world. For more information, visit https://www.namecheap.com.

For further information:

Tucows Contact:
Lawrence Chamberlain
TMX Equicom
(416) 815-0700 ext. 257
lchamberlain@tmxequicom.com