(ARD: TSX-V)

Armada Posts Record Q1 Results: Revenue up 58%. Net Income Up 244%. Dividend To Increase

Highlights For The Quarter Compared To The Same Quarter Last Year

· Net income increased to $156,298 from $45,381; an increase of 244% or 1.2 cents per share

· Revenue increased to $746,695 from $471,992 last year; an increase of 58%

· Operating income (before amortization and stock-based compensation) increased to $179,873 from $56,294 last year; an increase of 220% or 1.3 cents per share

· Dealer Services revenue increased 112%

· Insurance Services revenue increased 72%

· Retail Services revenue increased 44%

· Advertising/Marketing Services revenue increased 23%

· Company plans to increase yearly dividend. Amount to be determined at year end.

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Armada Posts Record Q1 Results: Revenue up 58%. Net Income Up 244%. Dividend To Increase

Armada Data is a profitable web-enabled Automobile Information Services Company providing accurate and real-time pricing data, to institutional and retail customers on a fee-for-service basis, through developing, owning and operating automotive related websites such as www.carcostcanada.com and providing information services to its clients.

Focused on increasing sales at Retail Services, Dealer Services and Advertising/Marketing Services divisions.

· Insurance - Claims outsourcing service that streamlines the claims adjustment process.26 Canadian Insurance Companies, including 8/10 biggest use the service.Provides savings of over $1000 per claim.

· Retail - Armada owns CarCostCanada .com.Focussed on the new car buying public and for dealer referrals. 10 year of operations

Armada provides dealer invoice prices to consumers for a cost of $39.95 Also, sells leads to the dealers as a buyer with Car Cost Canada.

• Advertising – Google Ad words campaign increased traffic upwards to 300% to over 300,000 unique visitors to site.