Epic Data International Inc. (EKD) today announced audited financial results for its fourth quarter and fiscal year ended September 30, 2007. The financial results included the following:

• Q4 revenue of $2.7 million, up from $2.5 million in Q4 2006 and sequentially up from $2.5 million in Q3 2007.
• Q4 operating profit of $78,000, compared to an operating loss in Q4 2006 of $1.1 million and an operating loss in Q3 2007 of $392,000.
• Q4 net income of $1.1 million compared to a net loss in Q4 2006 of $1.9 million.
• Net income in Q4 2007 includes a non-cash, non-operating gain of $950,000 related to the recent renegotiation of the company's head office lease in which two thirds of its future lease payment obligation is eliminated.
• Full year revenue of $11.1 million compared to 2006 revenue of $12.1 million.
• Full year operating loss of $681,000 compared to an operating loss in 2006 of $3.2 million.
• Full year positive net income of $399,000 compared to a net loss in 2006 of $4.3 million.
• September 30, 2007 cash position of $759,000, up from the quarter's opening position of $292,000.

"These Q4 results have provided a positive finish to a challenging fiscal year" commented Epic Data's CEO, James Dodds. "Our cautious OpEx controls are producing improved results and we will continue to take a measured and balanced approach to these areas as we move into the new fiscal year. Over the past year, our products have evolved and our delivery and support organizations are now well positioned to deliver quality product and service to new and existing customers. Our focus has turned to the building of an effective sales and marketing organization to drive profitable growth."

The company separately announced the appointment of Mr. Mark Sochan to its Board of Directors, effective immediately. Mr. Sochan was Vice-President of Business Development at SAP, a global leader in business application software, where he led the NetWeaver partner program and launched the SAP Developer Network, which he helped grow to 100,000 members. Earlier in his career, he served as Director of Business Development for Seagate Software, managing OEM and channel partner licensing activities, and leading a team that licensed Crystal Reports to more than 150 companies. Mr. Sochan holds a B.A. Sc. from the University of Waterloo.

James Dodds commented: "Mark is an ideal addition to our board of Directors. He has the experience, knowledge and relationship network to deliver great value to Epic Data. With Mark's guidance we expect to accelerate our efforts to leverage the marketing influence of large enterprise software organizations to build sales channels, align our application roadmap, and increase shareholder value. We are very fortunate to have attracted Mark to our organization and we look forward to working with him."

The company also announced the appointment of Mr. Imre Togyi to the position of Vice President, Sales & Marketing. Mr. Togyi is a senior business executive with 17 years of leadership experience working with start-ups, multi-national and global organizations in the wireless data, industrial automation, healthcare and professional services industries. Over the course of his career, he has headed teams in business unit management, sales, marketing, channel management and business development, most recently with Hiredesk, a provider of on-demand recruitment and hiring software solutions for corporations and recruitment firms.

James Dodds continued: "Imre has demonstrated the ability to generate growth and profits in the technology sector throughout his career and we're very pleased with his decision to join Epic Data. Imre will be responsible for the critical role of developing and driving our marketing and sales functions where his leadership skills and industry background provide an excellent fit to help us address the many growth opportunities we face." The Company further advises that its application for listing on the TSX Venture Exchange (TSX-V) has been approved.

The Company's shares will cease trading on the Toronto Stock Exchange (TSX) as of close of business on December 21, 2007, and will commence trading on the TSX-V at open of market on December 24, 2007. The ticker symbol will remain EKD.

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