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Autoworks International Limited (FWB:A6Q) today reports that its revenues for 6 months ending March 31, 2006 were $ 1,586,786 CDN. This is a increase of over 60% from revenues of approx $ 965,312 as of March 31, 2005. Its losses for the period were $(535,770) CDN. These losses were a result of the implementation of the Parts Direct business model and Fees from the Private Placements. "We are pleased with the strength the revenues and will work on continuing to maintain and increase them," stated Robert Byers, CEO. "We are also looking at other avenues to increase both revenue and assets and hope to have something in the near future." Currently Autoworks International Limited is talking to several acquisition targets. The companies being looked at have substantial revenues and assets and will help to add shareholder value to the company. Also, management of Parts Direct is continuing its discussions with insurance companies regarding the implementation of a test pilot program for its "Part Scan" software and related services. Autoworks International Limited is an international software design, development and services provider focused primarily on generating internet based proprietary application software solutions for industries that may benefit from enhanced business to business communications, systems integration and coordination between their industry stakeholders. The software and services offerings may generate operating efficiencies and improved profitability to various industry participants. Cautionary statement for purposes of the "Safe Harbor" provisions of The Private Securities Litigation Reform Act of 1995: Any statements in this report that refer to the forecasted, estimated or anticipated future results of Autoworks International Limited ("Autoworks " or the "Company") are forward-looking and reflect the Company's current analysis of existing trends and information. Actual results may differ from current expectations based on a number of factors affecting Autoworks businesses, including competitive conditions and changing market situations. Matters affecting the economy generally, including the state of economies worldwide, can affect Autoworks results. Forward-looking statements represent the Company's judgment only as of the date of this report. Since actual results could differ materially, the reader is cautioned not to rely on these forward-looking statements. Moreover, Autoworks disclaims any intent or obligation to update these forward-looking statements.
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