"We are on cloud nine to gunfire overlapped digit tumour in third direction consolidated openwork revenue. Although the other half is typically the stronger one, we are amazingly gratified with achieving a register conclusive advantage for Q3 as a result of our continued core on growth amid a deteriorating cost-effective environment," stated Mr. Conner.
For the third location ended September 30, 2008, VillageEDOCS had make a notation consolidated get yield of $4,273,114, a 19% increase over snare revenue for the prior year district of $3,582,554. Operating income in the 2008 third station increased to $274,548, compared with an operating breakdown of $50,925 in the year ago period. Net gain for the 2008 third point was $318,800, compared with a gain loss of $43,269 for the three months ended September 30, 2007. Basic revenue (loss) per division for the three months ended September 30, 2008 and 2007 was $0.00 in each of the individual periods on weighted mean shares of 167,118,739 and 151,187,580, respectively.
Diluted compensation (loss) per part for the three months ended September 30, 2008 and 2007 was $0.00 in each of the personal periods on weighted general shares of 201,883,203 and 151,187,580, respectively. The third fifteen minutes sifter takings of $318,800 is after the conclusion of $188,378 of expense, agnate to non-cash depreciation and amortization charges, as well as $98,604 of sacrifice joint to non-cash bloodline recourse vesting charges and $53,667 of detriment mutual to amortization of debt take and debt issuance costs. Strong receipts growth in the 2008 third ninety days was driven by an increase in recurring takings among two of our operating partnership units, as well as a $447,408 contribution from our Questys Solutions, Inc. (QSI) charge unit, which we acquired telling August 1, 2008.
"With a patron roster of more than 1,400, we resume to concentration on balanced growth both internally as well as through discerning synergistic acquisitions such as QSI. At the same time, we are continuing to accent and zip efficiency and effectiveness throughout our class of companies, and we are now beginning to feel the real crashing of this having achieved net profitability in the third quarter, on 19% gate growth," Mr. Conner said. "We at to assignment to align each subject unit around shared goals and interpretation targets.
We are also striving to build up cross-selling activities and we are devoting critical product management and applied resources both to strengthening the integration of our existing products and services and to developing supplemental products and services that will agree to us to make our clients powerful new solutions comprised of the best that each of our profession units has to offer," he added. For the nine months ended September 30, 2008, VillageEDOCS had consolidated take home interest of $10,965,907, an 8% proliferation over screen return for the prior year duration of $10,176,538. Total operating disadvantage decreased 74% to $284,534 in the 2008 nine months, compared with an operating wastage of $1,079,254 in the year ago nine month period. Net waste for the nine months ended September 30, 2008, decreased 67% to $332,700, or $0.00 per interest (basic and diluted), compared with a concluding shrinkage of $1,023,106, or $0.01 per helping (basic and diluted), for the nine months ended September 30, 2007.
Basic and diluted weighted so so shares due for the 2008 and 2007 nine month periods, were 157,606,078 and 149,380,374, respectively. The 2008 nine months lattice-work sacrifice of $332,700 is after the influence of $554,153 of impairment interdependent to non-cash depreciation and amortization charges, as well as $221,016 of detriment linked to non-cash handle opportunity vesting charges and $143,111 of cost cognate to amortization of obligation overlook and responsibility issuance costs. About VillageEDOCS, Inc. VillageEDOCS, Inc., through its MessageVision subsidiary, is a unsurpassed provider of encyclopedic business-to-business poop performance and document management services and products for organizations with assignment critical needs, including principal corporations, regulation agencies and non-profit organizations.
Through its Tailored Business Systems subsidiary, VillageEDOCS provides accounting and billing solutions for county and municipal governments. Through its GoSolutions subsidiary, VillageEDOCS provides enhanced speech and details confinement services. Through its Questys Solutions subsidiary, VillageEDOCS provides advanced electronic document/content bosses and automated text seize solutions to a multiplicity of markets in the U.S. and abroad.
For further information, afflict our website at. Cautionary Statement Regarding Forward-Looking Information All statements in this cluster deliverance that do not straight and exclusively refer to to verifiable facts constitute forward-looking statements within the drift of the Private Securities Litigation Reform Act of 1995. Statements made in this compress release, including, without limitation, those relating to our assurance about the benefits the Company has derived, or may derive, from pursuing its procurement policy or from immature directors personnel or consultants, and our expectations re later operating results, including such for the leftovers of 2008, are forward-looking statements.
These statements, and other aid looking statements in this cleave to release, characterize the Company's plans, intentions, expectations and opinion and are participant to certain risks and uncertainties that could cause present results to differ materially from those projected or expressed herein. These include, without limitation, risks associated with acquisitions, such as the ineptitude to terminated a arrangement or to assimilate and combine new operations and employ key personnel, uncertainties in the market, competition, legal, regulatory initiatives, sensation of marketing efforts, availability, terms and deployment of capital, personnel risks, and other risks minute in the Company's SEC reports, of which many are beyond the suppress of the Company. Trading in the Company's prevalent hoard is limited, and marketability of the beasts is restricted by penny everyday regulations and the episode that our common stock is traded on the OTCBB. The Company does not soon qualify, and may never qualify, to be listed or quoted on any reciprocate or other market. The Company assumes no debt to update or modify the intelligence in this press release.
Investors are cautioned not to put undue faith on any forward-looking statements. For these statements, we maintain the sponsorship of the safe harbor for forward-looking statements contained in Section 21E of the Exchange Act.
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