News / News Releases

Tucows Second Quarter Investment Community Conference Call is Tuesday, August 7, 2012 AT 5:00 P.M. (ET)

TORONTO, July 26, 2012 – Tucows Inc. (TSX: TC, AMEX: TCX) plans to report its second quarter fiscal 2012 financial results via news release on Tuesday, August 7, 2012 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 access the conference call via the Internet at http://tucowsinc.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 99525100 followed by the pound key. The telephone replay will be available until Tuesday, August 14, 2012 at midnight. To access the archived conference call as an MP3 via the Internet, go to http://tucowsinc.com/investors.

About Tucows

Tucows is a global Internet services company. OpenSRS (http://opensrs.com) manages over eleven million domain names and millions of email boxes through a reseller network of over 12,000 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 (http://ting.com) is a mobile phone service provider dedicated to bringing clarity and control to US mobile phone users. YummyNames (http://yummynames.com) owns premium domain names that generate revenue through advertising or resale. More information can be found on Tucows’ corporate website (http://tucows.com).

Tucows, OpenSRS, Hover, Ting, and YummyNames are registered trademark of Tucows Inc. or its subsidiaries.

For further information:

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

Ting To Launch Shared Data Plan Four Months Ago

TORONTO, June 13, 2012 /CNW/ – Tucows Inc. (NYSE AMEX:TCX, TSX:TC), a global provider of domain names and other Internet services, today announced that its mobile phone service Ting would unveil a shared data plan on February 2, 2012, four months prior to this announcement.

“Putting multiple devices on one plan was pretty straightforward,” explained Ken Schafer, EVP Products, “the main challenge was figuring out the time travel part.”

Starting February 2, 2012, Ting customers will be able to share data, as well as voice and texts, across unlimited devices on one account. Each active device will cost just $6 a month. The value gets better as the total usage increases, amounting to huge potential savings for businesses and families. There are never any overage penalties or premiums and there are no limits or fees on features like tethering.

“Again, we think this just makes sense for mobile phone users,” explained Tucows CEO Elliot Noss. “People are wasting a ton of time and money on multiple accounts.”

“I think we showed tremendous initiative and hustle by launching this in the past. It appears our competitors will be following suit in the near future.”

While the Ting announcement actually comes a day after the big shared data plan announcement from Verizon, the Ting plan itself will precede Verizon’s June 28 launch by nearly five months.

Check out the Ting blog at ting.com/blog for the complete story, the Ting plans at ting.com/plans for more details on rates and features and the Ting savings calculator ting.com/calculator to see how much money you could be saving.

Noss also hinted at plans to launch a shareware site.

About Tucows

Tucows is a global Internet services company. OpenSRS (http://opensrs.com) manages over 11 million domain names and millions of email boxes through a reseller network of over 12,000 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 (http://ting.com) is a mobile phone service provider dedicated to bringing clarity and control to U.S. mobile phone users. YummyNames (http://yummynames.com) owns premium domain names that generate revenue through advertising or resale. More information can be found on Tucows’ corporate website (http://tucows.com).

For further information:

Media Contacts:
Emily Harris
Global Strategy Group
212-235-6239
eharris@globalstrategygroup.com

Tucows Inc. Reports Continuing Strong Financial Results for First Quarter of 2012

- Company Reports 8th Consecutive Quarter of Record Revenue and Strong Cash Flow from Operations -

TORONTO, May 8, 2012 – Tucows Inc. (NYSE AMEX:TCX, TSX:TC), a global provider of domain names and other Internet services, today reported its financial results for the first quarter ended March 31, 2012. All figures are in U.S. dollars.

Summary Financial Results

(Numbers in Thousands of US Dollars, Except Per Share Data)

  3 Months Ended

March 31, 2012

(unaudited)
3 Months Ended

March 31, 2011

(unaudited)
Net revenue 27,537 22,555
Income before provision for income taxes and change in fair value of
forward exchange contracts 
1,950  512
Net income for the period 1,664 728
Net earnings per common share 0.04 0.01
Net cash provided by operating activities 2,081 763

Summary of Revenues and Cost of Revenues

(Numbers in Thousands of US Dollars)

  Revenue Cost of Revenue
  3 Months Ended

March 31, 2012

(unaudited)
3 Months Ended

March 31, 2011

(unaudited)
3 Months Ended

March 31, 2012

(unaudited)
3 Months Ended

March 31, 2011

(unaudited)
Wholesale        
 Domain Service 21,108 17,540 17,620 14,573
 Value-Added Services 2,689 2,266 507 513
Total Wholesale 23,797 19,806 18,127 15,086
         
Retail 1,850 1,195 930 419
Portfolio 1,891 1,554 210 190
         
Network, other costs - - 1,257 1,263
Network, depreciation and amortization costs - - 183 256
Total revenue/cost of revenue 27,537 22,555 20,707 17,214

NOTE: Beginning in the first quarter of 2012, Tucows has reclassified its revenue streams into three distinct service offerings: Wholesale, Retail and Portfolio1. The realignment is intended to better reflect the manner in which these revenue streams are generated and assessed by management.

“The first quarter of 2012 was a solid Tucows quarter – growth across all areas of our business, strong cash generation from operations, consistency and reliability,” said Elliot Noss, President and Chief Executive Officer, Tucows Inc. “We generated growth in revenue and gross margin far in excess of the growth in operating expenses, demonstrating the leverage in our business. We think that consistent growth and continued leverage will serve us well throughout 2012.”

Net revenue for the first quarter of 2012 increased 22% to a record $27.5 million from $22.6 million for the first quarter of 2011 and was driven by growth in each of the Company’s three service offerings.

Net income for the first quarter of 2012 was $1.7 million, or $0.04 per share, compared with net income for the first quarter of 2011 of $0.7 million, or $0.01 per share. Net income for the first quarter of 2012 benefitted from other income of $0.5 million resulting from the sale of certain intangible assets with no book value.

Deferred revenue at the end of the first quarter of 2012 was $73.0 million, an increase of 12% from $64.9 million at the end of the first quarter of 2011 and $69.2 from the end of the fourth quarter of 2011.

Cash and cash equivalents at the end of the first quarter of 2012 were $6.4 million compared with $4.2 million at the end of the first quarter of 2011 and relatively unchanged from the end of the fourth quarter of 2011. During the first quarter of 2012, the Company generated cash flow from operations of $2.1 million, as well as $0.5 million in cash proceeds from the aforementioned sale of intangible assets. In addition, the Company utilized $4.0 million from its credit facility to partially fund the $5.9 million cost of the share repurchases under the modified Dutch auction tender completed in January of this year. The Company also used $0.5 million for principal repayments under its credit facility and invested $0.2 million in equipment purchases.

1Service Offerings: Wholesale, primarily branded as OpenSRS, is composed of revenue generated by the OpenSRS Domain Service and Other Value-Added Services, including hosted email, SSL and other trust certificates, bulk sale of domain names and advertising from the OpenSRS Domain Expiry Stream, web publishing tools, mobile phone services, third-party marketing funds, and billing software for ISPs. Retail is primarily composed of services to individuals and small businesses, including Hover, which generates revenue from the sale of domain name registration and email, and Ting, which generates revenue from mobile phone services. Portfolio includes revenue generated by the resale of names from the domain name portfolio and advertising revenue from the Company’s domain name portfolio and two large advertising-supported websites.

Conference Call

Tucows management will host a conference call today, Tuesday, May 8, 2012 at 5:00 p.m. (ET) to discuss the Company’s first quarter 2012 results. Participants can access the conference call via the Internet at www.tucowsinc.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 74551438 followed by the pound key. The telephone replay will be available until Tuesday, May 15, 2012 at midnight. To access the archived conference call as an MP3 via the Internet, go to http://tucowsinc.com/investors.

About Tucows

Tucows is a global Internet services company. OpenSRS (http://opensrs.com) manages over twelve million domain names and millions of value-added services through a reseller network of over 12,000 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.com (https://ting.com) is a mobile phone service provider dedicated to bringing clarity and control to US mobile phone users. YummyNames (http://yummynames.com) owns and operates premium domain names that generate revenue through advertising or resale. 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. In particular, this release includes forward looking statements regarding our expectations as to our financial results and the impact of our consistent growth and leverage. 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. Information about 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, OpenSRS, Hover, Ting, and YummyNames are registered trademarks of Tucows Inc. or its subsidiaries.

For further information:
Lawrence Chamberlain
TMX Equicom for Tucows Inc.
(416) 815-0700 ext. 257
lchamberlain@equicomgroup.com

Ting Designates May as ‘Dump Your Contract Month’

Launches Promotion to Buy Consumers Out of Mobile Phone Contracts

TORONTO, May 1, 2012 – Ting, a new mobile phone service provided by Tucows (NYSE AMEX:TCX), today announced the launch of Dump Your Contract Month, a month-long promotion that encourages consumers to break free from their current cell phone contracts.

Every day throughout the month of May, one sweepstakes winner per day will receive compensation for the early termination fees tied to their current cell phone contract (up to $300 per prize). There’s a limit of one entry per person, per day, but everyone can enter once each day for a chance to win. All U.S. residents aged 18+ that are currently in a mobile phone service contract can enter the sweepstakes. Just complete and submit the online entry form at ting.com/dyc.

“Every day, we hear people lament they are ‘stuck’ in a contract with a mobile provider that they would prefer to leave.” said Elliot Noss, CEO of Tucows. “In fact, for years, Americans have unquestioningly accepted financing on phones, long-term contracts, overage penalties and other conditions that are not truly in their best interest. We want to expose these practices and introduce a better approach.”

Ting has no contracts, no overage penalties and no hidden fees. Minutes, messages and megabytes are each billed separately and customers only pay for what they use. Businesses and families can have unlimited devices on one account and can pool together usage for greater savings. Ting offers a clear, usable website and smart, accessible people that are empowered to solve problems. Ting’s wireless network services are provided on the Nationwide Sprint Network.

“Dump Your Contract Month is a fun way to give just a few folks that taste of freedom,” said Noss, “and maybe get thousands to rethink their current relationship with their mobile phone provider.”

About the Sweepstakes

NO PURCHASE NECESSARY. Runs 5/1/12 to 6/1/12 with 31 daily drawings. Total maximum ARV of all prizes: $9,300. Open to U.S. residents, age 18+, who are in a mobile phone service contract. Void where prohibited. To enter and for details, see Official Rules at http://ting.com/dyc/rules

About Tucows

Tucows is a global Internet services company. OpenSRS (http://opensrs.com) manages over 11 million domain names and millions of email boxes through a reseller network of over 12,000 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 (http://ting.com) is a mobile phone service provider dedicated to bringing clarity and control to U.S. mobile phone users. YummyNames (http://yummynames.com) owns premium domain names that generate revenue through advertising or resale. More information can be found on Tucows’ corporate website (http://tucows.com).

For further information:
Media Contacts:

Emily Harris
Global Strategy Group
212-235-6239
eharris@globalstrategygroup.com

Tucows First Quarter Investment Community Conference Call is Tuesday, May 8, 2012 AT 5:00 P.M. (ET)

TORONTO, April 30, 2012– Tucows Inc. (TSX: TC, AMEX: TCX) plans to report its first quarter fiscal 2012 financial results via news release on Tuesday, May 8, 2012 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 access the conference call via the Internet at http://tucowsinc.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 74551438 followed by the pound key. The telephone replay will be available until Tuesday, May 15, 2012 at midnight. To access the archived conference call as an MP3 via the Internet, go to http://tucowsinc.com/investors.

About Tucows

Tucows is a global Internet services company. OpenSRS (http://opensrs.com) manages over eleven million domain names and millions of email boxes through a reseller network of over 12,000 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 (http://ting.com) is a mobile phone service provider dedicated to bringing clarity and control to US mobile phone users. YummyNames (http://yummynames.com) owns premium domain names that generate revenue through advertising or resale. More information can be found on Tucows’ corporate website (http://tucows.com).

Tucows, OpenSRS, Hover, Ting, and YummyNames are registered trademark of Tucows Inc. or its subsidiaries.

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

Tucows Reinstates $10 Million Stock Buyback Program

TORONTO, March 16, 2012 – Tucows Inc. (NYSE AMEX:TCX) (TSX: TC) today announced that it has reinstated its previously announced stock buyback program to repurchase up to US $10 million of Tucows common stock. The program, which initially commenced on November 15, 2011 and will end on November 14, 2012, was temporarily suspended when the company undertook its most recent Dutch Auction Tender, which was completed on January 20, 2012. The buyback program allows Tucows to repurchase its shares of common stock either through the facilities of the TSX or the NYSE AMEX Stock Exchange. As of November 9, 2011 there were 53,477,524 common shares outstanding, and as of January 26, 2012, the date the final results of the Dutch Auction Tender offer were announced, there were 46,047,111 common shares outstanding. All shares purchased by Tucows under this buyback program will be cancelled.
Continue reading

Tucows Inc. Reports Continuing Strong Financial Results for Fourth Quarter of 2011

- Company Reports 7th Consecutive Quarter of Record Revenue -

TORONTO, Feb. 15, 2012 – Tucows Inc. (NYSE AMEX:TCX, TSX:TC), a global provider of domain names, email and other Internet services, today reported its financial results for the fourth quarter ended December 31, 2011. All figures are in U.S. dollars.

Summary Financial Results

(Numbers in Thousands of US Dollars, Except Per Share Data)

3 Months

Ended

December 31,

2011

(unaudited)
3 Months

Ended

December 31,

2010

(unaudited)
12 Months

Ended

December 31,

2011

(unaudited)
12 Months

Ended

December 31,

2010

(unaudited)
Net revenue 26,370 22,077 97,065 84,579
Income before provision for income taxes

and change in fair value of forward

exchange contracts
1,745 611 3,986 1,455
Net income (loss) for the period 6,055 1,237 6,170 2,117
Net earnings (loss) per common share* 0.11 0.02 0.12 0.04
Net cash provided by operating activities 2,683 2,341 5,885 6,769

* 2011 results include a tax benefit of $0.06 per share related to the release of deferred tax asset valuation allowances.

Summary of Revenues and Cost of Revenues

(Numbers in Thousands of US Dollars)

Revenue Cost of Revenue
3 Months Ended

December 31,

2011 (unaudited)
3 Months Ended

December 31,

2010 (unaudited)
3 Months Ended

December 31,

2011 (unaudited)
3 Months Ended

December 31,

2010 (unaudited)
OpenSRS:
Domain Service 20,743 17,308 17,347 14,565
Email Service 653 529 41 104
Other services 1,136 1,104 385 366
Total OpenSRS services 22,532 18,941 17,773 15,035
YummyNames 1,648 1,531 182 181
Hover 1,432 1,172 548 398
Butterscotch 759 433 6 9
Network, other costs - - 1,146 1,148
Network, depreciation and

amortization costs
- - 177 313
Total revenue/cost of revenue 26,370 22,077 19,833 17,084

“Our strong performance in the fourth quarter, highlighted by 19% year-over-year revenue growth to a record $26.4 million – our seventh consecutive quarter of record revenue – and solid cash flow from operations, concluded a year that was indicative of the consistency and reliability of our business, as well as our ability to efficiently deliver growth,” said Elliot Noss, President and Chief Executive Officer, Tucows Inc. “As a result, we also delivered our best year ever in terms of revenue at just over $97 million. Looking ahead, this efficiency, combined with what we believe is the best distribution channel in the Internet economy, firmly positions us to continue to consistently generate cash flow, while introducing new services with minimal capital investment or impact on operating expenses. Ting, our recently launched US mobile phone service, is a testament to our capabilities in this regard.”

Net revenue for the fourth quarter of 2011 increased 19% to a record $26.4 million from $22.1 million for the fourth quarter of 2010 and was driven by growth in each of the Company’s business groups.

Net income for the fourth quarter of 2011 was $6.1 million, or $0.11 per share, compared with net income for the fourth quarter of 2010 of $1.2 million, or $0.02 per share. Net income per share for the fourth quarter of 2011 includes a tax benefit of $0.06 per share related to the release of deferred tax asset valuation allowances during that quarter.

Deferred revenue at the end of the fourth quarter of 2011 was $69.2 million, an increase of 11% from $62.6 million at the end of the fourth quarter of 2010 and relatively unchanged from the end of the third quarter of 2011.

Cash and cash equivalents at the end of the fourth quarter of 2011 were $6.4 million compared with $4.2 million at the end of the fourth quarter of 2010 and $4.7 million at the end of the third quarter of 2011. The increase from the end of third quarter of 2011 is primarily the result of cash flow from operations for the fourth quarter of 2011 of $2.7 million, which was partially offset by the use of $0.7 million
for repayment of the Company’s credit facility and $0.2 million for investment in equipment.

As previously announced, subsequent to the end of the fourth quarter the Company completed the repurchase of 7.6 million of its shares at a purchase price of $0.77 per share for a total of $5.8 million under its modified “Dutch auction” tender announced on December 15, 2011. Since initiating its first share buyback program in February 2007, the Company has repurchased a total of 30.8 million shares through its buyback programs, representing 40.5% of the Company’s total shares outstanding at the end of January 2007.

Conference Call

Tucows management will host a conference call today, Wednesday, February 15, 2012 at 5:00 p.m. (ET) to discuss the Company’s fourth quarter 2011 results. Participants can access the conference call via the Internet at www.tucowsinc.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 48872391 followed by the pound key. The telephone replay will be available until Wednesday, February 22, 2012 at midnight. To access the archived conference call as an MP3 via the Internet, go to http://tucowsinc.com/investors.

About Tucows

Tucows is a global Internet services company. OpenSRS (http://opensrs.com) manages over eleven million domain names and millions of email boxes through a reseller network of over 12,000 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.com (https://ting.com) is a mobile phone service provider dedicated to bringing clarity and control to US mobile phone users. YummyNames (http://yummynames.com) owns premium domain names that generate revenue through advertising or resale. 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. In particular, this release includes forward looking statements regarding our expectations as to our financial results, our future growth, the consistency of our business and our ability to generate cash. 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. Information about 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, OpenSRS, Hover, and YummyNames are registered trademarks of Tucows Inc. or its subsidiaries.

OpenSRS Joins Parallels Domain Name Network

TORONTO and ORLANDO, FL, Feb. 15, 2012 – Tucows Inc. (NYSE: TCX) (AMEX: TCX) (TSX: TC), a global Internet services company dedicated to making simple useful services that unlock the power of the Internet, today announced that its OpenSRS wholesale services division has joined the Parallels Domain Name Network (DNN), allowing Parallels partners to quickly and easily signup to sell OpenSRS services.

Service providers using Parallels Automation, Parallels Business Automation Standard and Parallels Plesk Billing can now become OpenSRS resellers through the Parallels DNN at no charge. OpenSRS has now been integrated into Parallels billing applications with new, fully-supported plugins that enable resellers to sell and manage over 100 different domain name extensions, SSL digital certificates from five leading brands, and mobile websites.

“Joining the Parallels DNN is the logical extension of the work we’ve done over the last few months to integrate OpenSRS across Parallels software portfolio,” said Dave Woroch, EVP Sales, Tucows. “We’re excited that service providers using Parallels can now quickly become OpenSRS Resellers and take advantage of our industry-leading customer service and extensive lineup of products and services.”

The announcement was made at Parallels Summit 2012, the leading global annual gathering of the hosting and cloud industry. OpenSRS is a Gold Sponsor. Visit OpenSRS at booth #300 on the show floor to learn more about the full range of OpenSRS wholesale Internet services, and to see Parallels plugins for Parallels Business Automation, Parallels Business Automation Standard, and Parallels Plesk Billing in action.

Learn more at http://parallels.com/dnn

About Tucows

Tucows is a global Internet services company. OpenSRS (http://opensrs.com) manages over eleven million domain names and millions of email boxes through a reseller network of over 12,000 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 (http://ting.com) is a mobile phone service provider dedicated to bringing clarity and control to US mobile phone users. YummyNames (http://yummynames.com) owns premium domain names that generate revenue through advertising or resale. More information can be found on Tucows’ corporate website (http://tucows.com).

Tucows, OpenSRS, Hover, and YummyNames are registered trademark of Tucows Inc. or its subsidiaries.

For further information:
Le Quan Truong
Director of Marketing, OpenSRS
(416) 538-5450
ltruong@tucows.com

Tucows Fourth Quarter Investment Community Conference Call is Wednesday, February 15, 2012 AT 5:00 P.M. (ET)

TORONTO, February 9, 2012– Tucows Inc. (TSX: TC, AMEX: TCX) plans to report its fourth quarter fiscal 2011 financial results via news release on Wednesday, February 15, 2012 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 access the conference call via the Internet at http://tucowsinc.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 48872391 followed by the pound key. The telephone replay will be available until Wednesday, February 22, 2012 at midnight. To access the archived conference call as an MP3 via the Internet, go to http://tucowsinc.com/investors.

About Tucows

Tucows is a global Internet services company. OpenSRS manages over eleven million domain names and millions of email boxes through a reseller network of over 12,000 web hosts and ISPs. Hover is the easiest way for individuals and small businesses to manage their domain names and email addresses. Ting (http://ting.com) is a mobile phone service provider dedicated to bringing clarity and control to US mobile phone users. YummyNames owns premium domain names that generate revenue through advertising or resale. More information can be found on Tucows’ corporate website.

Tucows, OpenSRS, Hover, and YummyNames are registered trademark of Tucows Inc. or its subsidiaries.

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

Tucows Launches Ting – A New US Mobile Phone Service

Ting Promises “Mobile That Makes Sense”

TORONTO, Feb. 2, 2012 – Tucows Inc. (NYSE AMEX:TCX, TSX:TC), a global Internet services company dedicated to making simple useful services that unlock the power of the Internet, today announced the launch of Ting, a mobile phone service dedicated to bringing clarity and control to US mobile phone customers.

Small businesses and families in the US are overpaying for mobile service and underserved by their mobile service providers. With Ting, Tucows seeks to offer a fresh alternative by emphasizing clarity, usability, a sincere commitment to customer support and significant monthly savings.
Continue reading

Tucows Inc. Announces Final Results of Dutch Tender Offer

TORONTO – January 26, 2012 – Tucows Inc. (NYSE AMEX:TCX), (TSX:TC), a global provider of domain names, email and other Internet services, announced today the final results of its modified “Dutch auction” tender offer, which expired at 5:00 p.m., New York City time, on January 20, 2012. Tucows will purchase 7,570,178 shares of its Common Stock at a purchase price of $0.77 per share, for a total cost of $5,829,037, excluding fees and expenses related to the tender offer. Payment for shares accepted for purchase will be funded from a combination of available cash and two demand loan revolving facilities Tucows currently has with the Bank of Montreal.
Continue reading

Tucows Inc. Announces Preliminary Results of Dutch Tender Offer

TORONTO – January 23, 2012 – Tucows Inc. (NYSE AMEX:TCX), (TSX:TC), a global provider of domain names, email and other Internet services, announced today the preliminary results of its modified “Dutch auction” tender offer, which expired at 5:00 p.m., New York City time, on January 20, 2012. Tucows expects to purchase up to 7,569,952 shares of its Common Stock at a purchase price of $0.77 per share, for a total of $5,828,863. The 7,569,952 shares expected to be purchased are comprised of the 6,500,000 shares Tucows offered to purchase and 1,069,952 shares to be purchased pursuant to Tucows’ right to purchase up to an additional 2% of the shares outstanding immediately prior to the commencement of the tender offer. Tucows intends to fund the tender through a combination of available cash and two demand loan revolving facilities Tucows currently has with the Bank of Montreal (“BMO”).
Continue reading

Tucows Announces Intention to Commence a Dutch Auction Tender Offer to Repurchase up to 6.5 Million Common Shares

TORONTO, Dec. 15, 2011 – Tucows Inc. (NYSE AMEX:TCX, TSX:TC) a global provider of domain names, email and other Internet services, announced today that it intends to commence a modified “Dutch auction” tender offer to repurchase up to 6,500,000 shares of common stock, representing approximately 12.2% of Tucows’ outstanding shares. The tender offer is expected to commence on Tuesday, December 20, 2011 and to expire, unless extended, at 5:00 P.M., New York City Time, on Thursday, January 19, 2012. Tucows also announced that it has suspended its normal course issuer bid which commenced in November 2011 pursuant to which Tucows has repurchased 23,765 shares of common stock.
Continue reading

Tucows Announces $10 million Stock Buyback Program

TORONTO, Nov. 9, 2011 – Tucows Inc. (NYSE AMEX:TCX, TSX:TC) today announced that its Board of Directors has approved a stock buyback program to repurchase up to $10 million of Tucows common stock. Tucows has also filed a notice of intention with the Toronto Stock Exchange (“TSX”) to make a normal course issuer bid through the facilities of the TSX. Tucows will have the option to repurchase its shares of common stock either through the facilities of the TSX or the NYSE AMEX Stock Exchange.

The notice filed with the TSX provides that Tucows may, during the twelve-month period commencing November 15, 2011 and ending November 14, 2012, repurchase up to 3,840,000 shares of its common stock, which amount represents approximately 10% of the public float of Tucows. For purposes of any repurchases made on the TSX, Tucows may only purchase up to a maximum of 1,000 shares in any daily trading session, which number represents 25% of the average daily trading volume on the TSX over the six month period ending October 31, 2011, unless the block purchase exception is relied upon. As of November 9, 2011 there were 53,477,524 common shares outstanding. All shares purchased by Tucows under the normal course issuer bid will be cancelled.

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.

While Tucows does not intend to purchase its shares from its management team or other insiders, sales by such persons through the facilities of NYSE AMEX or the TSX may occur if the circumstances of any such person or entity change or any such person or entity makes a decision unrelated to these normal course purchases. The benefits to any such person or entity whose shares are purchased would be the same as the benefits available to all other holders whose shares are purchased by Tucows in connection with the normal course issuer bid.

During Tucows’ previous stock buyback program, which ended on September 9, 2010, Tucows repurchased 3,409,300 common shares.

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

About Tucows

Tucows is a global Internet services company. OpenSRS manages over eleven million domain names and millions of email boxes through a reseller network of over 12,000 web hosts and ISPs. Hover is the easiest way for individuals and small businesses to manage their domain names and email addresses. YummyNames owns premium domain names that generate revenue through advertising or resale. Butterscotch.com is an online video network building on the foundation of Tucows.com. More information can be found at http://tucowsinc.com.

This news release contains, in addition to historical information, forward-looking statements related to such matters as the timing and total number of shares to be purchased under the proposed buyback program. Such statements are based on management’s current expectations and are subject to a number of uncertainties and risks, which could cause actual results to differ materially from those described in the forward-looking statements. Information about 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 included in this document are based on information available to Tucows as of the date of this document and, except to the extent Tucows may be required to update such information under any applicable securities laws, Tucows assumes no obligation to update such forward-looking statements.

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

For further information:
Lawrence Chamberlain
TMX Equicom for Tucows Inc.
(416) 815-0700 ext. 257
lchamberlain@equicomgroup.com

Tucows Inc. Reports Financial Results for Third Quarter of 2011

TORONTO, Nov. 9, 2011 /CNW/ – Tucows Inc. (NYSE AMEX:TCX, TSX:TC), a
global provider of domain names, email and other Internet services, today reported its financial results for the third quarter ended September 30, 2011. All figures are in U.S. dollars.

Summary Financial Results

(Numbers in Thousands of US Dollars, Except Per Share Data)


3 Months

Ended

September 30,

2011

(unaudited)
3 Months

Ended

September 30,

2010

(unaudited)
9 Months

Ended

September 30,

2011

(unaudited)
9 Months

Ended

September 30,

2010

(unaudited)
Net revenue 25,094 21,209 70,695 62,501
Income before provision for income taxes

and change in fair value of forward exchange contracts
1,423 966 3,350 2,784
Net income (loss) for the period (1,152) 1,083 141 880
Net earnings (loss) per common share (0.02) 0.02 0.00 0.01
Net cash provided by operating activities 1,628 1,876 3,215 4,428

Summary of Revenues and Cost of Revenues

(Numbers in Thousands of US Dollars)


Revenue Cost of Revenue
3 Months Ended

September 30,

2011 (unaudited)
3 Months Ended

September 30,

2010 (unaudited)
3 Months Ended

September 30,

2011 (unaudited)
3 Months Ended

September 30,

2010 (unaudited)
OpenSRS:
Domain Service 19,698 16,517 16,470 13,818
Email Service 636 578 74 97
Other services 1,212 1,086 433 417
Total OpenSRS services 21,546 18,181 16,977 14,332
YummyNames 1,785 1,249 179 180
Hover 1,358 1,147 495 380
Butterscotch 405 632 8 12
Network, other costs - - 1,193 1,088
Network, depreciation and amortization costs - - 183 306
Total revenue/cost of revenue 25,094 21,209 19,035 16,298

“The momentum of the first half of 2011 continued into the third quarter, which was highlighted by strong growth and solid cash flow from operations, as well as the acquisition of EPAG Domainservices,” said Elliot Noss, President and Chief Executive Officer, Tucows Inc. “Revenue was up more than 18% year-over-year to a record $25.1 million, with meaningful growth across all key areas of our business. The OpenSRS domain service had another solid quarter with 19% year-over-year growth in registrations and a third consecutive quarter of domain registrations in excess of 2 million. YummyNames and Hover also had strong quarters as we continue to see the positive results of initiatives we have undertaken to grow those businesses. Quarter after quarter, our financial performance underscores the consistency and reliability of our business, combined with our ability to achieve steady growth. We remain well positioned to consistently generate cash flow from operations while introducing new services with minimal impact on operating expenses.”

Net revenue for the third quarter of 2011 increased 18.3% to $25.1 million from $21.2 million for the third quarter of 2010.

Income before provision for income taxes and change in fair value of forward exchange contracts for the third quarter of 2011 increased by $0.5 million, or 47%, to $1.4 million from $966,000 for the third quarter of 2010. Net loss for the third quarter of 2011 was $1.2 million, or $0.02 per share, primarily the result of the impact of the non-cash foreign exchange losses incurred on the fair value of forward exchange contracts. Net income for the third quarter of 2010 was $1.1 million, or $0.02 per share.

Deferred revenue at the end of the third quarter of 2011 was $68.9 million, an increase of 10.6% from $62.3 million at the end of the third quarter of 2010 and an increase of 3.1% from $66.8 million at the end of the second quarter of 2011.

Cash and cash equivalents at the end of the third quarter of 2011 were $4.7 million compared with $5.4 million at the end of the third quarter of 2010 and $4.3 million at the end of the second quarter of 2011. Operating cash flow for the third quarter of 2011 was $1.6 million and the Company borrowed $2.5 million under its amended credit facility with Bank of Montreal to fund the acquisition of EPAG Domainservices GMBH (“EPAG”) in July 2011. In August 2011, the Company repaid $1.0 million of the EPAG loan and during the quarter repaid $320,000 of its previous outstanding balance on its credit facility. In addition, the company invested $139,000 in acquiring property and equipment. As of September 30, 2011, the Company had an amount payable of $1.6 million under its amended credit facility.

Conference Call

Tucows management will host a conference call today, Wednesday, November 9, 2011 at 5:00 p.m. (ET) to discuss the Company’s third quarter 2011 results. Participants can access the conference call via the Internet at www.tucowsinc.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 22092643 followed by the pound key. The telephone replay will be available until Wednesday, November 16, 2011 at midnight. To access the archived conference call as an MP3 via the Internet, go to http://tucowsinc.com/investors.

About Tucows

Tucows is a global Internet services company. OpenSRS manages over eleven million domain names and millions of email boxes through a reseller network of over 12,000 web hosts and ISPs. Hover is the easiest way for individuals and small businesses to manage their domain names and email addresses. YummyNames owns premium domain names that generate revenue through advertising or resale. Butterscotch.com is an online video network building on the foundation of Tucows Downloads. More information can be found at http://tucowsinc.com.

This release includes forward-looking statements as that term is defined in the U.S. Private Securities Litigation Reform Act of 1995. In particular, this release includes forward looking statements regarding our expectations as to our financial results, our future growth and our ability to generate cash and return capital to shareholders. 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. Information about 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.

Tucows Inc.

Consolidated Balance Sheets

(Dollar amounts in U.S. dollars)


September 30, December 31,
2011 2010
(unaudited) (unaudited)
Assets
Current assets:
Cash and cash equivalents $ 4,653,765 $ 4,205,729
Accounts receivable 4,289,462 3,021,995
Prepaid expenses and deposits 3,756,375 2,363,876
Derivative instrument asset, current portion 1,090 833,960
Prepaid domain name registry and ancillary services fees, current
portion
43,005,543 37,016,871
Income taxes recoverable 330,093 620,000
Total current assets 56,036,328 48,062,431
Prepaid domain name registry and ancillary services fees, long-term
portion
12,693,752 12,820,479
Property and equipment 1,313,611 1,552,349
Deferred financing charges 4,500 15,600
Deferred tax asset, long-term portion 3,569,000 4,155,600
Intangible assets 17,741,695 16,883,401
Goodwill 18,873,127 17,990,807
Total assets $ 110,232,013 $ 101,480,667
Liabilities and Stockholders‘ Equity
Current liabilities:
Accounts payable $ $ 1,301,612 $ $ 1,664,006
Accrued liabilities 1,720,279 1,346,436
Customer deposits 3,903,564 3,960,312
Derivative instrument liability current portion 1,193,751 -
Loan payable, current portion 1,559,722 1,305,883
Deferred revenue, current portion 52,372,852 45,832,374
Accreditation fees payable, current portion 562,374 547,810
Deferred tax liability, current portion 569,000 1,155,600
Income taxes payable 200,940 -
Total current liabilities 63,384,094 55,812,421
Derivative instrument liability long-term portion 431,483 -
Deferred revenue, long-term portion 16,564,604 16,738,429
Accreditation fees payable, long-term portion 159,614 168,580
Deferred rent, long-term portion 19,274 -
Deferred tax liability, long-term portion 5,373,600 4,840,000
Stockholders’ equity:
Preferred stock – no par value, 1,250,000 shares authorized; none issued
and outstanding
- -
Common stock – no par value, 250,000,000 shares authorized; 53,477,874

shares issued and outstanding as of September 30, 2011 and 53,448,591

shares issued and outstanding as of December 31, 2010
11,349,613 11,324,866
Additional paid-in capital 40,938,602 40,700,587
Accumulated other comprehensive income (26,121) -
Deficit (27,962,750) (28,104,216)
Total stockholders’ equity 24,299,344 23,921,237
Total liabilities and stockholders’ equity $ $ 110,232,013 $ $ 101,480,667

Tucows Inc. Tucows Inc.
Consolidated Statements of Operations Consolidated Statements of Operations
(Dollar amounts in U.S. dollars) (Dollar amounts in U.S. dollars)
Three months ended September 30, Nine months ended September 30,
2011 2010 2011 2010
(unaudited) (unaudited)
Net revenues $ 25,094,056 $ 21,209,468 $ 70,695,186 $ 62,501,219
Cost of revenues:

Cost of revenues (*) 17,658,648 14,903,525 49,578,724 42,871,489

Network expenses 1,193,669 1,087,930 3,691,995 3,500,826

Depreciation of property and equipment 159,191 231,253 608,961 794,368

Amortization of intangible assets 23,960 74,802 49,680 224,406

Total cost of revenues 19,035,468 16,297,510 53,929,360 47,391,089
Gross profit 6,058,588 4,911,958 16,765,826 15,110,130
Expenses:

Sales and marketing (*) 1,867,085 1,830,999 5,663,759 5,480,228

Technical operations and development (*) 1,220,953 1,053,768 3,651,782 3,486,718

General and administrative (*) 1,279,082 633,457 3,509,395 2,049,813

Depreciation of property and equipment 48,874 40,239 140,556 127,559

Amortization of intangible assets 201,180 360,540 785,920 1,081,620

Loss (gain) on change in fair value of forward exchange contracts 2,152,243 (141,981) 2,458,104 1,669,031

Total expenses 6,769,417 3,777,022 16,209,516 13,894,969
Income (loss) from operations (710,829) 1,134,936 556,310 1,215,161
Other income (expenses):

Interest (expense) income, net (18,718) (26,917) (38,915) (99,812)

Other income - - 374,977 -

Total other income (expenses) (18,718) (26,917) 336,062 (99,812)
Income (loss) before provision for income taxes (729,547) 1,108,019 892,372 1,115,349
Provision for income taxes 422,592 24,863 750,906 235,105

Net income (loss) for the period $ (1,152,139) $ 1,083,156 $ 141,466 $ 880,244
Basic earnings (loss) per common share $ (0.02) $ 0.02 $ - $ 0.01
Shares used in computing basic earnings (loss) per common share 53,452,205 57,351,161 53,444,959 59,255,739
Diluted earnings (loss) per common share $ (0.02) $ 0.02 $ - $ 0.01
Shares used in computing diluted earnings (loss) per common share 53,452,205 59,185,793 55,748,777 61,223,369
(*) Stock-based compensation has been included in expenses as follows:

Network expenses $ 5,808 $ 6,557 $ 17,170 $ 15,759

Sales and marketing $ 22,695 $ 30,358 $ 67,155 $ 71,589

Technical operations and development $ 13,020 $ 19,058 $ 40,122 $ 51,903

General and administrative $ 79,364 $ 99,813 $ 124,170 $ 174,437

Tucows Inc. Tucows Inc.
Consolidated Statements of Cash Flows Consolidated Statements of Cash Flows
(Dollar amounts in U.S. dollars) (Dollar amounts in U.S. dollars)
Three months ended September 30, Nine months ended September 30,
2011 2010 2011 2010
(unaudited) (unaudited)
Cash provided by (used in):

Operating activities:
Net income (loss) for the period $ (1,152,139) $ 1,083,156 $ 141,466 $ 880,244

Items not involving cash:

Depreciation of property and equipment 208,065 271,492 749,517 921,927

Amortization of deferred financing charges 3,000 6,000 11,100 20,100

Amortization of intangible assets 225,140 435,342 835,600 1,306,026

Decrease in deferred tax liability (18,400) - (18,400) -

Deferred rent 5,310 - 19,274 -

Disposal of domain names 8,816 5,084 29,907 17,090

Unrealized loss (gain) in the fair value of forward contracts 2,152,243 (141,981) 2,458,104 1,669,031

Stock-based compensation 120,887 155,786 248,617 313,688

Changes in non-cash operating working capital:

Accounts receivable 412,735 53,373 (715,829) (510,232)

Prepaid expenses and deposits 264,660 489,843 (958,989) 61,356

Prepaid fees for domain name registry and ancillary services fees (1,074,068) (2,355,886) (4,823,650) (5,786,558)

Income taxes recoverable 173,008 (165,000) 333,008 127,000

Accounts payable (531,095) (244,194) (327,272) (443,624)

Accrued liabilities (113,972) (231,633) 267,595 (264,317)

Customer deposits 170,762 240,907 (86,941) 78,147

Deferred revenue 788,835 (14,435) 5,046,102 6,023,890

Accreditation fees payable (15,607) 2,287,739 6,185 13,882

Net cash provided by operating activities 1,628,180 1,875,593 3,215,394 4,427,650

Financing activities:

Proceeds received on exercise of stock options 10,685 - 14,145 14,809

Repurchase of common stock - - - (6,914,792)

Proceeds received on loan payable 2,530,000 (478,561) 2,530,000 (1,435,682)

Repayment of loan payable (1,319,040) - (2,276,161) -

Net cash provided by (used in) financing activities 1,221,645 (478,561) 267,984 (8,335,665)

Investing activities:

Additions to property and equipment (138,909) (33,111) (629,935) (292,790)

Acquisition of EPAG Domainservices GMBH, net of cash acquired (2,392,461) - (2,392,461) -

Net cash used in investing activities (2,531,370) (33,111) (3,022,396) (292,790)

Foreign exchange loss on cash held in foreign currencies (12,946) - (12,946) -

Increase (decrease) in cash and cash equivalents 305,509 1,363,921 448,036 (4,200,805)

Cash and cash equivalents, beginning of period 4,348,256 4,067,668 4,205,729 9,632,394

Cash and cash equivalents, end of period $ 4,653,765 $ 5,431,589 $ 4,653,765 $ 5,431,589

Supplemental cash flow information:

Interest paid $ 18,890 $ 27,001 $ 39,197 $ 99,798

Supplementary disclosure of non-cash investing activity:

Property and equipment acquired during the period not yet paid for $ 124,979 $ 146,158 $ 124,979 $ 146,158

For further information:

Lawrence Chamberlain
TMX Equicom for Tucows Inc.
(416) 815-0700 ext. 257
lchamberlain@equicomgroup.com

Tucows Third Quarter Investment Community Conference Call is Wednesday, November 9, 2011 AT 5:00 P.M. (ET)

TORONTO, October 27, 2011– Tucows Inc. (TSX: TC, AMEX: TCX) plans to report its third quarter fiscal 2011 financial results via news release on Wednesday, November 9, 2011 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 access the conference call via the Internet at http://tucowsinc.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 22092643 followed by the pound key. The telephone replay will be available until Wednesday, November 16, 2011 at midnight. To access the archived conference call as an MP3 via the Internet, go to http://tucowsinc.com/investors.

About Tucows

Tucows is a global Internet services company. OpenSRS manages over eleven million domain names and millions of email boxes through a reseller network of over 12,000 web hosts and ISPs. Hover is the easiest way for individuals and small businesses to manage their domain names and email addresses. YummyNames owns premium domain names that generate revenue through advertising or resale. Butterscotch.com is an online video network building on the foundation of Tucows Downloads. More information can be found at http://tucowsinc.com.

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

To Top