Published:

CORRECTION: ProLink Holdings Corp. Reports 2008 Record Second Quarter Results

CHANDLER, Ariz., Aug. 27 /PRNewswire-FirstCall/ -- ProLink Holdings (OTC Bulletin Board: PLKH) informed us today that it has corrected the Adjusted EBITDA calculation previously disclosed in its 2008 second quarter financial results press release dated August 14, 2008. For the six-months ended June 30, 2008, the adjusted EBITDA calculation in the table should have reflected a loss of $(263,000) instead of a loss of $(199,000) due to an arithmetic error in adding up the totals for the 2008 first and second quarters. The 10 Q's on record are accurate as filed. The original and corrected tables follows:


    Per Press Release Filed
                                Per PR       Per PR       Per PR
                                2008         2008         2008
    (dollars in 000's)          Q1           Q2           6 mo

    Adjusted EBITDA calculation:

    Net Loss                  (1,585)       $(546)     $(2,132)

    Deduct:
    Interest Expense            (319)        (341)        (660)
    Interest Expense -
     Warrant Expense            (181)        (184)        (365)
    Depr & Amort                (210)        (214)        (425)

    EBITDA                      (875)         193         (682)

    FAS 123R                    (217)        (202)        (483)

    Adjusted EBITDA            $(658)         395        $(199)



    Per Re-Calculated PR
                                Per Recalc   Per Recalc   Per Recalc
                                2008         2008         2008
    (dollars in 000's)          Q1           Q2           6 mo

    Adjusted EBITDA calculation:

    Net Loss                  (1,585)       $(546)     $(2,132)

    Deduct:
    Interest Expense            (319)        (341)        (660)
    Interest Expense -
     Warrant Expense            (181)        (184)        (365)
    Depr & Amort                (210)        (214)        (424)

    EBITDA                      (875)         193         (682)

    FAS 123R                    (217)        (202)        (419)

    Adjusted EBITDA            $(658)        $395        $(263)


     CONTACT:
     Daniel Mitchell
     Buffalo Communications
     253.312.4536
     dmitchell@billycaspergolf.com

     Investor Relations Contact:
     CEOcast, Inc.
     Gary Nash
     212.732.4300
     gnash@ceocast.com

SOURCE ProLink Holdings Corp.

Tags: ,CPR,OTC,ERN,AZ-ProLinkCorrection

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