bitHeads Reports Strong Revenue Growth

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75% annual growth positions the company as the largest and fastest growing software product development outsourcer in North America

bitHeads Inc., a leading software product development outsourcing company, announced today that revenue for its fiscal year ending December 31, 2006 was up over 24% compared to the previous year and that customer commitments will drive revenue up another 75% this year.

"We are seeing strong demand for our services in all three of our main segments: VoIP/communications, enterprise software and game technology," states Scott Simpson, bitHeads CEO. "In the game technology segment, we have projects currently underway that will generate over $8 million for this year alone. Based on publicly disclosed information, this growth positions us as both the largest and fastest growing company in the software product development outsourcing sector in North America."

bitHeads is profitable and growing revenue in the face of intense global competition from low cost outsourcing centers in India, Russia and elsewhere. "Our ongoing success is a result of our focus on the market for new product development services to North American companies that face severe time to market pressure," continues Simpson. "Unlike software development services to build custom applications or sustain mature software products, building new products requires a level of innovation that involves high value-add design, product management and project management services. The dynamic nature of the product creation process also requires close collaboration and frequent communications between the service provider and the product company and possibly its end customers and product users. Offshore outsourcing is generally not a viable option in those cases. Our track record of delivering award-winning products on-time and on-budget is ultimately our greatest strength and a testament to our great team and 'can-do' attitude."

About bitHeads

bitHeads is the software product-building partner that has helped 3Com, Ciena, Cryptologic, IBM, Mitel, Adscape Media and many others get award-winning software products and games to market faster. bitHeads' unique approach provides rapid deployment product development teams, a proven methodology for building new products faster and a partnership model based a commitment to successful delivery. Millions of people around the globe play games and use software products that have been built by bitHeads. For more information, visit

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Scott Simpson

tel: +1 (613) 722-3232


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