In-Touch Announces Workforce Reductions, Departure of Executive Team Member

Share Article

Corporate Restructuring.

Lynda's dedication, energy, and insights have been invaluable as In-Touch has grown its business over the past four years to approximately six million dollars per year. She has been an integral member of our management team and I would like to thank Lynda for her unwavering commitment to In-Touch and wish her the best in her future endeavors

In-Touch Survey Systems Ltd. ("In-Touch" TSX-Venture: INX) today announced a reduction in its workforce of approximately ten percent of its full-time employees as a result of the unprecedented economic environment and resultant impacts on revenues derived from the automotive industry. As part of the reduction, Lynda Partner, President and COO, has left the company.
In-Touch expects Q1 2009 revenues and financial performance to be similar to Q1 2008. While the 2009 sales pipeline appears strong compared to last year, the company has initiated prudent actions to protect itself from the potential of lower revenues in the remaining three quarters given the general state of the economy and the large percentage of its revenues dependent on the auto industry.
"We remain deeply committed to our customers and are staffed to meet their needs as we take the necessary actions to ensure that the company matches its expenses to its most probable revenues during these difficult times," said Michael Gaffney, Chief Executive Officer.
"Lynda's dedication, energy, and insights have been invaluable as In-Touch has grown its business over the past four years to approximately six million dollars per year. She has been an integral member of our management team and I would like to thank Lynda for her unwavering commitment to In-Touch and wish her the best in her future endeavors," said Gaffney.

About In-Touch
Founded in 1992, In-Touch provides integrated solutions for market and customer research, custom data capture and mobile marketing for global enterprise customers. Our commitment to customized, measurable solutions for retail, finance, services, automotive and hospitality industries delivers a greater return on investment from corporate marketing and operations budgets. Headquartered in Ottawa, with regional offices in Chicago, Minneapolis and Toronto, In-Touch takes pride in their reputation for leading edge data capture, stellar customer support and advanced professional services.

For more information:
Karen McNaughton
Director of Marketing
613-270-7913

###

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Karen McNaughton
Visit website