01:47 PM EST - IBEX Technologies Inc. : posted first quarter net loss of $774,529 or $0.03 per share compared to a net loss of $646,346 or $0.03 per share in the same period last year. The company attributed the net loss to its incurring expense relating to conducting due diligence on merger and acquisition candidates. Revenues for the third quarter declined 12% to $428,068 compared to $487,691 in the first quarter of fiscal 2006. IBEX Technologies Inc.
shares T.IBT are trading up 1 cent at $0.14.
