180 Connect Inc. 2007 year end earnings teleconference



Stock Symbols: OTCBB: CNCT.OB, CNCTU.OB, CNCTW.OB

TORONTO, ON and ENGLEWOOD, CO, March 26 /PRNewswire-FirstCall/ - 180
Connect Inc. ("180 Connect” or the “Company") (OTCBB: CNCT.OB, CNCTU.OB,
CNCTW.OB), one of North America’s largest providers of installation,
integration and fulfillment services to the home entertainment,
communications and home integration service industries, will be hosting a
teleconference call to discuss the Company’s 2007 year end financial and
operating results. The financial results will be released at 4:00 p.m. EST
Monday March 31, 2008.

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DATE:  Monday, March 31, 2008

TIME:  5:00 p.m. EST

ACCESS NUMBER:  617.213.8853 International dial or 866.831.6224
pass code 15653962

REBROADCAST:  617.801.6888 International dial or 888.286.8010,
pass code 92229639
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We invite you to participate via teleconference. Please dial the access
number five minutes prior to the scheduled start time. A taped rebroadcast
of the teleconference will be available upon completion of the meeting on
March 31, 2008 at 7:00 p.m. EST to April 7, 2008 at 11:59 p.m. EST. The
rebroadcast will also be available on the Company’s website
http://www.180connect.net.

About 180 Connect Inc.

180 Connect Inc. is one of North America’s largest providers of
installation, integration and fulfillment services to the home
entertainment, communications and home integration service industries. With
more than 4,000 skilled technicians and 750 support personnel based in over
85 operating locations, 180 Connect is well positioned as the only pure
play national residential service provider in the market. 180 Connect
shares are traded under the name of 180 Connect Inc. on the OTCBB under the
symbols CNCT.OB, CNCTU.OB and CNCTW.OB.

For Information please contact Investor Relations or visit our website
at http://www.180connect.net.

SOURCE 180 Connect Inc.

180 Connect Inc. announces 2007 year end results



Revenue increases to a record $380 million, representing a 15% increase
from the Prior Year
Stock Symbols: OTCBB: CNCT.OB, CNCTU.OB, CNCTW.OB

TORONTO and ENGLEWOOD, CO, March 31 /PRNewswire-FirstCall/ - 180
Connect Inc. ("180 Connect” or the “Company") (OTCBB: CNCT.OB, CNCTU.OB,
CNCTW.OB), one of North America’s largest providers of installation,
integration and fulfillment services to the home entertainment,
communication, and home integration service industries, today released its
financial results for the year ended December 31, 2007.

Certain information contained in this news release constitutes
forward-looking information, including anticipated growth and financial
performance. See “Forward-Looking Information”.

Selected Financial Highlights - Year Ended December 31, 2007

For the year ended December 31, 2007 as compared to the year ended
December 31, 2006:

Year to Date Highlights

- Revenue grew to $379.8 million, an increase of $48.6 million, or
14.7%, compared to revenue of $331.2 million in 2006.

- EBITDA from continuing operations (2) was $19.3 million, an increase
of $5.8 million or 42.8% compared to $13.5 million in 2006.

- Total cash provided by operating activities was $1.5 million, a
decrease of $4.8 million from the cash provided by operating
activities of $6.3 million in 2006.

- Loss from continuing operations was $22.9 million, an increase of
$14.1 million compared to a loss from continuing operations of
$8.8 million in 2006.

- Net loss was $24.9 million, an increase of $10.3 million compared to a
net loss of $14.6 million in 2006.

- Net loss per share for the twelve months ended December 31, 2007 and
December 31, 2006, respectively, is as follows:

- Loss from continuing operations was $1.20 per share basic and
diluted compared to a loss from continuing operations of $0.60 per
share basic and diluted in 2006.

- Net loss was $1.30 per share basic and diluted compared to net loss
of $1.00 per share basic and diluted in 2006.
Peter Giacalone, President and Chief Executive Officer of the Company
stated;

“2007 was a significant and successful year for 180 Connect. The
management team was highly focused on improving margins and rebuilding
shareholder confidence in the organization. Major initiatives included the
significant capital raise through completing the merger with Ad Venture
Partners, expanding and strengthening our relationship with our major
customers, and streamlining of the systems and processes of control and
management. Our employees continue to deliver some of the best quality and
consumer satisfaction metrics in the industry despite the challenges of
weather and geography.

180 Connect’s team delivered a 43% increase in EBITDA on 15% revenue
growth, year over year, with a strong focus on cash management and
delivery. We are also very pleased to note that DIRECTV was ranked “Highest
in Customer Satisfaction among Satellite/Cable TV Subscribers” in the
southern, western and eastern regions of the United States, according to
the J.D. Power and Associates 2007 Residential Cable/Satellite TV Customer
Satisfaction Study. As 180 Connect is the primary service provider for
DIRECTV’s western region, I believe that the award reflects our commitment
and ability to deliver exceptional customer service.”

2007 Highlights

2007 financial results were strong as the Company achieved significant
revenue growth and record EBITDA from continuing operations(2). Revenue for
2007 increased to $380 million, from $331 million in 2006. This 15%
increase reflects across-the-board volume increases in satellite and cable
and also includes contribution from 180 Network Services and Digital
Interiors - Home businesses. DIRECTV volume increased 15% year over year,
as they not only continue to channel more work through the Home Service
Provider Network, but also continue to sell more advanced product. Cable
revenues increased 10% year over year as the Company continued to benefit
from its investments in its cable workforce and significant growth in the
Company’s Canadian operations with Rogers Communications which increased by
60%.

180 Connect’s Network Services business reported modest top line growth
in 2007 as certain municipal fiber projects originally forecast to
contribute in 2007 have been deferred to 2008 as a result of delays in
financing associated with the current credit markets. The Company remains
cautiously optimistic that this business will provide meaningful
contributions in 2008, with the focus on its several fiber-to-the-home
private developments. The Company remains confident in the long term growth
prospects for this business and is pleased to announce an award for a $2
million airport project with the City of San Jose, CA.

The pace of growth in 180 Connect’s Home business was moderate as a
result of the slowdown in the production home housing market. The Company
will continue to monitor this business closely and has already begun the
process of focussing its efforts on the higher end custom home and
multi-dwelling unit market which has remained fairly steady despite the
deterioration in the broader housing market. Long term, in-home technology
remains an increasingly important factor in home buying decisions, and we
believe this will continue to support the growth of the business,
particularly in the higher end segment of the housing market.

Earnings performance for 2007 was the strongest in the history of the
Company. EBITDA from continuing operations was $20.1 million for 2007
excluding stock based compensation expense of $0.9 million, an increase of
$6.6 million or 48% year over year. On an adjusted basis excluding US
listing costs, restructuring charges and stock based compensation expense,
EBITDA from continuing operations was $21.3 million for 2007, an increase
of 47% year over year. These results were primarily attributable to
underlying operational improvements implemented in streamlining the
Company’s management team, reduced insurance costs, improved inventory
process and controls coupled with volume increases. General and
Administrative costs declined despite the 15% increase in revenue. General
and Administrative costs excluding stock-based compensation as a percentage
of revenue declined to 4.8% in 2007 from 5.9% in 2006 as a result of more
stringent approval processes and reductions in legal and professional fees.
Both reported and adjusted EBITDA were negatively impacted by approximately
$0.4 million of earnings related to the closure of a Networks Services
operation during the fourth quarter, now reported within discontinued
operations.