July 14, 2009 (FinancialWire) — Today’s early notices of Canadian exchange-traded companies include International Road Dynamics Inc. (TSX: IRD), Maximizer Software Inc. (TSX: MAX) and Patheon Inc. (TSX: PTI).

International Road Dynamics Inc. (TSX: IRD) reported a second-quarter profit of $0.12 million or $0.01 per share versus a loss of $490,000 or $0.03 per-share a year ago. Second-quarter sales grew 26.1% to $11.63 million from $9.22 million in the comparable period. EBITDA for the latest quarter was $400,000 compared with a loss of $200,000 last year. International Road Dynamics shares were closed yesterday at $0.68.

Maximizer Software Inc. (TSX: MAX) reported a wider loss for the second quarter, reflecting a drop in revenues globally. For the second quarter, the Vancouver- based company recorded a net loss of $426,000 U.S., compared to a loss of $272 million U.S. in the previous year. Maximizer benefited from foreign exchange gains of $161,000 U.S. in the latest quarter. In the prior-year period it recorded foreign exchange loss of $47,000 U.S.
Revenues for the period declined to $3.06 million U.S. from $4.53 million U.S. last year. Operating expenses reduced year-over-year to $2.71 million U.S. from $3.91 million U.S. Selling and marketing costs came down to $973,000 from $1.33 million U.S., while administrative and other expenses decreased to $976,000 U.S. from $1.53 million U.S. in the same period last year. The company curtailed research and development outlay to $713,000 U.S. for the latest quarter, compared to $983 U.S. a year ago. For the first half of fiscal 2009, net loss widened to $1.23 million U.S. from $584,000 U.S. in the same period last year. Revenues for the first six months dipped to $5.85 million U.S. from $8.96 million in 2008. Maximizer Software shares closed even yesterdayat $0.05.

Patheon Inc. (TSX: PTI) remains a takeover target of JLL Partners Inc. and its affiliate, JLL Patheon Holdings, LLC. The latter company announced that as of on July 13, 2009, a total of 33.84 million Restricted Voting Shares in the capital of Patheon Inc. have, since commencement of the offer, been validly deposited to JLL’s offer to acquire, at a price of $2.00 U.S. cash per Restricted Voting Share, all of the issued and outstanding Restricted Voting Shares of Patheon. Payment will be made on or before July 16, 2009 to Patheon shareholders who have validly deposited their Restricted Voting Shares under the Offer since June 29, 2009. The Restricted Voting Shares taken up since the Offer was launched represent about 38% of the outstanding Restricted Voting Shares of Patheon not already owned by JLL or its affiliates and associates. Together with the Restricted Voting Shares owned prior to the Offer, JLL or its affiliates and associates now own 35.49 million Restricted Voting Shares of Patheon or approximately 39% of the outstanding Restricted Voting Shares of Patheon. JLL also holds 150,000 convertible preferred shares convertible into Restricted Voting Shares representing approximately 29% of the currently issued and outstanding Restricted Voting Shares on an as-converted basis. JLL also announced that it has extended the Offer which will now expire 10 days from the mailing of a formal notice of extension. Patheon shares closed even yesterday at $2.80.

Complete filings for Canadian exchange-listed companies are accessible via the SEDAR database (http://www.sedar.com).

Source: Courtesy of BayStreet.ca’s proprietary “Stocks in Play” news series at (http://www.baystreet.ca/articles/stocks_in_play.cfm).

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) web site (http://www.financialwire.net/disclosures.php).  Contact FinancialWire(tm) directly via inquiries@financialwire.net.

Free annual reports for companies mentioned in the news are available through the Free Annual Reports Service (http://investrend.ar.wilink.com/?level=279).

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.