<SEC-DOCUMENT>0001437749-17-001902.txt : 20170208
<SEC-HEADER>0001437749-17-001902.hdr.sgml : 20170208
<ACCEPTANCE-DATETIME>20170208103042
ACCESSION NUMBER:		0001437749-17-001902
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20170208
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20170208
DATE AS OF CHANGE:		20170208

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TUCOWS INC /PA/
		CENTRAL INDEX KEY:			0000909494
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374]
		IRS NUMBER:				232707366
		STATE OF INCORPORATION:			PA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32600
		FILM NUMBER:		17581258

	BUSINESS ADDRESS:	
		STREET 1:		96 MOWAT AVENUE
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M6K 3M1
		BUSINESS PHONE:		4165385478

	MAIL ADDRESS:	
		STREET 1:		96 MOWAT AVENUE
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M6K 3M1

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	INFONAUTICS INC
		DATE OF NAME CHANGE:	19960426

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	INFONAUTICS CORP
		DATE OF NAME CHANGE:	19960315
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>tcx20170208_8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
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<p style="margin: 0pt; text-align: center; text-indent: 0pt; font-family: Times New Roman, Times, serif; font-size: 10pt;"><b><font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">UNITED STATES</font></b></p>

<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;"><b>SECURITIES AND EXCHANGE COMMISSION</b></p>

<p style="margin: 0pt; text-align: center; text-indent: 0pt; font-family: Times New Roman, Times, serif; font-size: 10pt;"><font style="font-family: Times New Roman, Times, serif; font-size: 10pt;"><b>WASHINGTON, D.C. 20549</b></font></p>

<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;">___________________________________________________________</p>

<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;"><b>FORM 8-K</b></p>

<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;"><b>CURRENT REPORT</b></p>

<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;"><b>PURSUANT TO SECTION 13 OR 15(d) OF THE</b></p>

<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;"><b>SECURITIES EXCHANGE ACT OF 1934</b></p>

<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;">Date of report (Date of earliest event reported): <font style="font-family: Times New Roman, Times, serif; font-size: 10pt;"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u><u>February </u><u>7, 2017</u></font></p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;"><u>TUCOWS INC </u></p>

<p style="margin: 0pt; text-align: center; text-indent: 0pt; font-family: Times New Roman, Times, serif; font-size: 10pt;"><font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">(Exact Name of Registrant Specified in Charter)</font></p>

<p style="margin: 0pt; text-align: left; text-indent: 36pt; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

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			<td style="width: 15%; vertical-align: top;">&nbsp;</td>
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			<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

			<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;"><font style="font-family: Times New Roman, Times, serif; font-size: 10pt;"><u>Pennsylvania</u></font></p>

			<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;">(State or Other</p>

			<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;">Jurisdiction of</p>

			<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;">Incorporation)</p>
			</td>
			<td style="width: 24%; vertical-align: top;">
			<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

			<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;"><u>0-28284</u></p>

			<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;">(Commission File</p>

			<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;">Number)</p>
			</td>
			<td style="width: 23%; vertical-align: top;">
			<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

			<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;"><font style="font-family: Times New Roman, Times, serif; font-size: 10pt;"><u>23-2707366 </u></font></p>

			<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;">(IRS Employer</p>

			<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;">Identification No.)</p>
			</td>
			<td style="width: 15%; vertical-align: top;">&nbsp;</td>
			<td style="width: 33.9%; vertical-align: top;">&nbsp;</td>
		</tr>

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<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

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		<tr>
			<td colspan="2" style="width: 68.3%; vertical-align: top;">&nbsp;</td>
			<td colspan="2" style="width: 31.7%; vertical-align: top;">&nbsp;</td>
		</tr>
		<tr>
			<td style="width: 61.6%; vertical-align: top; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;">
			<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;">96 Mowat Avenue, Toronto, Ontario, Canada</p>
			</td>
			<td style="width: 6.7%; vertical-align: top; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: none;">&nbsp;</td>
			<td style="width: 96.69px; vertical-align: top; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: none;">&nbsp;</td>
			<td style="width: 369.3px; vertical-align: top; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;">
			<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;">M6K 3M1</p>
			</td>
		</tr>
		<tr>
			<td style="width: 61.6%; text-align: center; vertical-align: top;">(Address of Principal Executive Offices)</td>
			<td style="width: 6.7%; vertical-align: top; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: none;">&nbsp;</td>
			<td style="width: 96.69px; vertical-align: top; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: none;">&nbsp;</td>
			<td style="width: 369.3px; text-align: center; vertical-align: top;">(Zip Code)</td>
		</tr>

</table>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;">Registrant<font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">&rsquo;s telephone number, including area code: <u>(416) 535-0123</u></font></p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;"><font style="font-family: Times New Roman, Times, serif; font-size: 10pt;"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not Applicable</u></font><u>&nbsp;<font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></u></p>

<p style="margin: 0pt; text-align: center; text-indent: 0pt; font-family: Times New Roman, Times, serif; font-size: 10pt;"><font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">(Former Name or Former Address, if Changed Since Last Report)</font></p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: left; text-indent: 36pt; font-family: Times New Roman, Times, serif; font-size: 10pt;"><font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</font></p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: left; text-indent: 36pt; font-family: Times New Roman, Times, serif; font-size: 10pt;"><font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">&#9633;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: left; text-indent: 36pt; font-family: Times New Roman, Times, serif; font-size: 10pt;"><font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">&#9633;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt 0pt 0pt 36pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;"><font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">&#9633;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act&nbsp;(17 CFR 240.14d-2(b))</font></p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt 0pt 0pt 36pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;"><font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">&#9633;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<div id="PGBK" style="width: 100%; margin-right: 0pt; margin-left: 0pt;">
<div id="PGNUM" style="width: 100%; text-align: center;">&nbsp;</div>

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<div id="PGHDR" style="width: 100%; text-align: left;">&nbsp;</div>
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<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;"><b>Item 2.02.&nbsp;Results of Operations and Financial Condition.</b></p>

<p style="margin: 0pt; text-align: left; text-indent: 36pt; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: left; text-indent: 36pt; font-family: Times New Roman, Times, serif; font-size: 10pt;"><font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">On February 7, 2017 Tucows Inc., a Pennsylvania corporation (the &ldquo;Company&rdquo;), issued a press release reporting its financial results for its fourth quarter ended December 31, 2016. A copy of such press release is filed herewith as Exhibit&nbsp;99.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: left; text-indent: 36pt; font-family: Times New Roman, Times, serif; font-size: 10pt;"><font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">The information in this report and the exhibit is furnished to, and not filed with, the Securities and Exchange Commission and shall not be incorporated by reference into any registration statement filed by the Company under the Securities Act of 1933, as amended, unless specifically identified therein as being incorporated therein by reference.</font></p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;"><b>Item 9.01. Financial Statements and Exhibits.</b></p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">(a)<font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;&nbsp;</font><font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">Not Applicable.</font></p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">(b) &nbsp;<font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not Applicable.</font></p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">(c<font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Not Applicable.</font></p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">(d)&nbsp; <font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exhibits.</font></p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" id="MTAB3" style="width: 100%; font-family: Times New Roman, Times, serif; font-size: 10pt;">

		<tr>
			<td style="width: 12%; vertical-align: top;"><u>Exhibit Number</u></td>
			<td style="width: 88%; vertical-align: top;"><font style="font-family: Times New Roman, Times, serif; font-size: 10pt;"><u>Exhibit</u></font></td>
		</tr>
		<tr>
			<td style="width: 12%; vertical-align: top;">&nbsp;</td>
			<td style="width: 88%; vertical-align: top;">&nbsp;</td>
		</tr>
		<tr>
			<td style="width: 12%; vertical-align: top;">
			<p style="margin: 0pt 0pt 0pt 9pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">99.1</p>
			</td>
			<td style="width: 88%; vertical-align: top;">
			<p style="text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt;"><font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">Press Release of Tucows Inc. dated February 7, 2017, reporting financial results for the fourth quarter ended December 31, 2016.</font></p>
			</td>
		</tr>

</table>

<p style="margin: 0pt 0pt 0pt 108.7pt; text-align: left; text-indent: -99.35pt; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

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<div id="PGNUM" style="width: 100%; text-align: center;">- 2 -</div>

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<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: center; text-indent: 0pt; font-family: Times New Roman, Times, serif; font-size: 10pt;"><font style="font-family: Times New Roman, Times, serif; font-size: 10pt;"><b>SIGNATURES</b></font></p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-indent: 36pt; font-family: Times New Roman, Times, serif; font-size: 10pt;"><font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</font></p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: left; text-indent: 53%; font-family: Times New Roman, Times, serif; font-size: 10pt;"><b>TUCOWS INC.</b></p>

<p style="margin: 0pt; text-align: left; text-indent: 53%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: left; text-indent: 53%; font-family: Times New Roman, Times, serif; font-size: 10pt;">By<font style="font-family: Times New Roman, Times, serif; font-size: 10pt;"><u>:</u><u>&nbsp; </u><u>/s/ Michael Cooperman</u><u> </u></font></p>

<p style="margin: 0pt 0pt 0pt 18pt; text-align: left; text-indent: 53%; font-family: Times New Roman, Times, serif; font-size: 10pt;"><font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">Michael Cooperman</font></p>

<p style="margin: 0pt 0pt 0pt 18pt; text-align: left; text-indent: 53%; font-family: Times New Roman, Times, serif; font-size: 10pt;"><font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">Chief Financial Officer</font></p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">Dated: <font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">February 8, 2017</font></p>

<p style="font-family: Times New Roman; font-size: 10px; margin-top: 0px; margin-bottom: 0px;">&nbsp;</p>

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<div id="PGFTR" style="width: 100%; text-align: center;">&nbsp;</div>

<div id="PGNUM" style="width: 100%; text-align: center; font-size: 10pt;">&nbsp;</div>

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<p style="font-family: Times New Roman; font-size: 10px; margin-top: 0px; margin-bottom: 0px;">&nbsp;</p>

<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;"><b>EXHIBIT INDEX</b></p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" id="MTAB4" style="width: 100%; font-family: Times New Roman, Times, serif; font-size: 10pt;">

		<tr>
			<td style="width: 12%; vertical-align: top;"><u>Exhibit Number</u></td>
			<td style="width: 88%; vertical-align: top;"><font style="font-family: Times New Roman, Times, serif; font-size: 10pt;"><u>Exhibit</u></font></td>
		</tr>
		<tr>
			<td style="width: 12%; vertical-align: top;">&nbsp;</td>
			<td style="width: 88%; vertical-align: top;">&nbsp;</td>
		</tr>
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			<td style="width: 12%; vertical-align: top;">
			<p style="margin: 0pt 0pt 0pt 9pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">99.1</p>
			</td>
			<td style="width: 88%; vertical-align: top;">
			<p style="text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt;"><font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">Press Release of Tucows Inc. dated February 7, 2017, reporting financial results for the fourth quarter ended December 31, 2016.</font></p>
			</td>
		</tr>

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<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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	<title>ex99-1.htm</title>
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<p style="margin: 0pt; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt;"><b>Exhibit 99.1</b></p>

<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;"><b>Tucows Reports Continuing Strong Financial Results</b></p>

<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;"><b>for Fourth Quarter of 2016</b></p>

<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;"><i><b>&ndash;<font style="font-family: Times New Roman, Times, serif; font-size: 10pt;"> Solid Financial Performance in Fourth Quarter Contributes to Record EPS for 2016 of $1.53 &ndash;</font></b></i></p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;"><b>TORONTO, February 7, 2017</b><font style="font-family: Times New Roman, Times, serif; font-size: 10pt;"> &ndash; Tucows Inc. (NASDAQ:TCX, TSX:TC), a provider of network access, domain names and other Internet services, today reported its financial results for the fourth quarter ended December 31, 2016. All figures are in U.S. dollars.</font></p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;"><b>Summary Financial Results</b></p>

<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;"><b>(In Thousands of US Dollars, Except Per Share Data)</b></p>

<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" class="finTable" style="margin: 0pt; width: 100%; text-indent: 0px; font-family: Times New Roman; font-size: 10pt; border-collapse: collapse;">

		<tr style="vertical-align: bottom; border-top-color: rgb(0, 0, 0); border-bottom-color: rgb(0, 0, 0); border-top-width: thin; border-bottom-width: thin; border-top-style: solid; border-bottom-style: solid;">
			<td style="border-image: none; font-family: Times New Roman, Times, serif; font-size: 10pt; border-left-color: rgb(0, 0, 0); border-left-width: thin; border-left-style: solid;">&nbsp;</td>
			<td id=".lead.D4" style="border-image: none; font-family: Times New Roman, Times, serif; font-size: 10pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">&nbsp;</td>
			<td colspan="10" id=".amt.D4" style="border-image: none; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt;">
			<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;"><b><b>3 Months Ended December 31</b></b></p>
			</td>
			<td id=".trail.D4" style="border-image: none; font-family: Times New Roman, Times, serif; font-size: 10pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">&nbsp;</td>
			<td id=".lead.D7" style="border-image: none; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td colspan="10" id=".amt.D7" style="border-image: none; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt;">
			<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;"><b><b>12 Months Ended December 31</b></b></p>
			</td>
			<td id=".trail.D7" style="border-image: none; font-family: Times New Roman, Times, serif; font-size: 10pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">&nbsp;</td>
		</tr>
		<tr style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: thin; border-bottom-style: solid;">
			<td style="border-image: none; font-family: Times New Roman, Times, serif; font-size: 10pt; border-left-color: rgb(0, 0, 0); border-left-width: thin; border-left-style: solid;">&nbsp;</td>
			<td id=".lead.D2" style="border-image: none; font-family: Times New Roman, Times, serif; font-size: 10pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">&nbsp;</td>
			<td colspan="2" id=".amt.D2" style="border-image: none; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt;">
			<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;">2016</p>

			<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;">(Unaudited)</p>
			</td>
			<td id=".trail.D2" style="border-image: none; font-family: Times New Roman, Times, serif; font-size: 10pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">&nbsp;</td>
			<td id=".lead.D3" style="border-image: none; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td colspan="2" id=".amt.D3" style="border-image: none; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt;">
			<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;">2015</p>

			<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;">(Unaudited)</p>
			</td>
			<td id=".trail.D3" style="border-image: none; font-family: Times New Roman, Times, serif; font-size: 10pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">&nbsp;</td>
			<td id=".lead.D4" style="border-image: none; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td colspan="2" id=".amt.D4" style="border-image: none; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt;">
			<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;">%</p>

			<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;">Change</p>
			</td>
			<td id=".trail.D4" style="border-image: none; font-family: Times New Roman, Times, serif; font-size: 10pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">&nbsp;</td>
			<td id=".lead.D5" style="border-image: none; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td colspan="2" id=".amt.D5" style="border-image: none; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt;">
			<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;">2016</p>

			<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;">(Unaudited)</p>
			</td>
			<td id=".trail.D5" style="border-image: none; font-family: Times New Roman, Times, serif; font-size: 10pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">&nbsp;</td>
			<td id=".lead.D6" style="border-image: none; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td colspan="2" id=".amt.D6" style="border-image: none; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt;">
			<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;">2015</p>
			</td>
			<td id=".trail.D6" style="border-image: none; font-family: Times New Roman, Times, serif; font-size: 10pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">&nbsp;</td>
			<td id=".lead.D7" style="border-image: none; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td colspan="2" id=".amt.D7" style="border-image: none; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt;">
			<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;">%</p>

			<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;">Change</p>
			</td>
			<td id=".trail.D7" style="border-image: none; font-family: Times New Roman, Times, serif; font-size: 10pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">&nbsp;</td>
		</tr>
		<tr style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: thin; border-bottom-style: solid;">
			<td style="border-image: none; width: 28%; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-left-color: rgb(0, 0, 0); border-left-width: thin; border-left-style: solid;">
			<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;"><b>Net revenue</b></p>
			</td>
			<td id=".lead.2" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">&nbsp;</td>
			<td id=".symb.2" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.2" style="border-image: none; width: 9%; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt;">48,805</td>
			<td id=".trail.2" nowrap="true" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">&nbsp;</td>
			<td id=".lead.3" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.3" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.3" style="border-image: none; width: 9%; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt;">44,707</td>
			<td id=".trail.3" nowrap="true" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">&nbsp;</td>
			<td id=".lead.4" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.4" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.4" style="border-image: none; width: 9%; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt;">9</td>
			<td id=".trail.4" nowrap="true" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">%</td>
			<td id=".lead.5" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.5" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.5" style="border-image: none; width: 9%; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt;">189,819</td>
			<td id=".trail.5" nowrap="true" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">&nbsp;</td>
			<td id=".lead.6" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.6" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.6" style="border-image: none; width: 9%; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt;">171,687</td>
			<td id=".trail.6" nowrap="true" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">&nbsp;</td>
			<td id=".lead.7" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.7" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.7" style="border-image: none; width: 9%; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt;">11</td>
			<td id=".trail.7" nowrap="true" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">%</td>
		</tr>
		<tr style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: thin; border-bottom-style: solid;">
			<td style="border-image: none; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-left-color: rgb(0, 0, 0); border-left-width: thin; border-left-style: solid;">
			<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;"><b>Net income</b></p>
			</td>
			<td id=".lead.2" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">&nbsp;</td>
			<td id=".symb.2" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.2" style="border-image: none; width: 9%; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt;">2,817</td>
			<td id=".trail.2" nowrap="true" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">&nbsp;</td>
			<td id=".lead.3" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.3" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.3" style="border-image: none; width: 9%; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt;">3,095</td>
			<td id=".trail.3" nowrap="true" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">&nbsp;</td>
			<td id=".lead.4" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.4" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.4" style="border-image: none; width: 9%; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt;">(9</td>
			<td id=".trail.4" nowrap="true" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">%)</td>
			<td id=".lead.5" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.5" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.5" style="border-image: none; width: 9%; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt;">16,067</td>
			<td id=".trail.5" nowrap="true" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">&nbsp;</td>
			<td id=".lead.6" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.6" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.6" style="border-image: none; width: 9%; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt;">11,374</td>
			<td id=".trail.6" nowrap="true" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">&nbsp;</td>
			<td id=".lead.7" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.7" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.7" style="border-image: none; width: 9%; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt;">41</td>
			<td id=".trail.7" nowrap="true" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">%</td>
		</tr>
		<tr style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: thin; border-bottom-style: solid;">
			<td style="border-image: none; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-left-color: rgb(0, 0, 0); border-left-width: thin; border-left-style: solid;">
			<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;"><b>Basic Net earnings per c<font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">ommon share</font></b></p>
			</td>
			<td id=".lead.2" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">&nbsp;</td>
			<td id=".symb.2" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.2" style="border-image: none; width: 9%; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt;">0.27</td>
			<td id=".trail.2" nowrap="true" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">&nbsp;</td>
			<td id=".lead.3" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.3" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.3" style="border-image: none; width: 9%; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt;">0.29</td>
			<td id=".trail.3" nowrap="true" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">&nbsp;</td>
			<td id=".lead.4" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.4" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.4" style="border-image: none; width: 9%; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt;">(7</td>
			<td id=".trail.4" nowrap="true" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">%)</td>
			<td id=".lead.5" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.5" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.5" style="border-image: none; width: 9%; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt;">1.53</td>
			<td id=".trail.5" nowrap="true" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">&nbsp;</td>
			<td id=".lead.6" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.6" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.6" style="border-image: none; width: 9%; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt;">1.04</td>
			<td id=".trail.6" nowrap="true" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">&nbsp;</td>
			<td id=".lead.7" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.7" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.7" style="border-image: none; width: 9%; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt;">47</td>
			<td id=".trail.7" nowrap="true" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">%</td>
		</tr>
		<tr style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: thin; border-bottom-style: solid;">
			<td style="border-image: none; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-left-color: rgb(0, 0, 0); border-left-width: thin; border-left-style: solid;">
			<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;"><b>Adjusted EBITDA</b><font style="font-family: Times New Roman, Times, serif; font-size: 10pt;"><sup><b>1</b></sup></font></p>
			</td>
			<td id=".lead.2" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">&nbsp;</td>
			<td id=".symb.2" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.2" style="border-image: none; width: 9%; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt;">7,333</td>
			<td id=".trail.2" nowrap="true" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">&nbsp;</td>
			<td id=".lead.3" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.3" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.3" style="border-image: none; width: 9%; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt;">5,508</td>
			<td id=".trail.3" nowrap="true" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">&nbsp;</td>
			<td id=".lead.4" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.4" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.4" style="border-image: none; width: 9%; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt;">33</td>
			<td id=".trail.4" nowrap="true" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">%</td>
			<td id=".lead.5" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.5" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.5" style="border-image: none; width: 9%; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt;">30,130</td>
			<td id=".trail.5" nowrap="true" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">&nbsp;</td>
			<td id=".lead.6" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.6" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.6" style="border-image: none; width: 9%; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt;">20,948</td>
			<td id=".trail.6" nowrap="true" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">&nbsp;</td>
			<td id=".lead.7" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.7" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.7" style="border-image: none; width: 9%; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt;">44</td>
			<td id=".trail.7" nowrap="true" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">%</td>
		</tr>
		<tr style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: thin; border-bottom-style: solid;">
			<td style="border-image: none; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-left-color: rgb(0, 0, 0); border-left-width: thin; border-left-style: solid;">
			<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;"><b>Net cash provided by operating activities</b></p>
			</td>
			<td id=".lead.2" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">&nbsp;</td>
			<td id=".symb.2" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.2" style="border-image: none; width: 9%; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt;">8,923</td>
			<td id=".trail.2" nowrap="true" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">&nbsp;</td>
			<td id=".lead.3" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.3" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.3" style="border-image: none; width: 9%; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt;">1,389</td>
			<td id=".trail.3" nowrap="true" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">&nbsp;</td>
			<td id=".lead.4" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.4" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.4" style="border-image: none; width: 9%; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt;">542</td>
			<td id=".trail.4" nowrap="true" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">%</td>
			<td id=".lead.5" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.5" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.5" style="border-image: none; width: 9%; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt;">21,650</td>
			<td id=".trail.5" nowrap="true" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">&nbsp;</td>
			<td id=".lead.6" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.6" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.6" style="border-image: none; width: 9%; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt;">13,346</td>
			<td id=".trail.6" nowrap="true" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">&nbsp;</td>
			<td id=".lead.7" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.7" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.7" style="border-image: none; width: 9%; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt;">62</td>
			<td id=".trail.7" nowrap="true" style="border-image: none; width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">%</td>
		</tr>

</table>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" id="MTAB2" style="width: 100%; font-family: Times New Roman, Times, serif; font-size: 10pt;">

		<tr>
			<td style="width: 18pt;">&nbsp;</td>
			<td style="width: 18pt; vertical-align: top;">
			<p style="text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt;">1.</p>
			</td>
			<td style="vertical-align: top;">
			<p style="text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt;">This Non-GAAP financial measure is described below and reconciled to GAAP net inco<font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">me in the accompanying table. Tucows has revised its definition of Adjusted EBITDA as detailed in the description below and the table reconciling Adjusted EBITDA to GAAP net income.</font></p>
			</td>
		</tr>

</table>

<p style="font-family: Times New Roman; font-size: 10px; margin-top: 0px; margin-bottom: 0px;">&nbsp;</p>

<div id="PGBK" style="width: 100%; margin-right: 0pt; margin-left: 0pt;">
<div id="PGFTR" style="width: 100%; text-align: center;">&nbsp;</div>

<div id="PGNUM" style="width: 100%; text-align: center; font-size: 10pt;">&nbsp;</div>

<hr noshade="noshade" style="width: 100%; height: 2px; color: rgb(0, 0, 0); page-break-after: always;">
<div id="PGHDR" style="width: 100%; text-align: left;">&nbsp;</div>
</div>

<p style="font-family: Times New Roman; font-size: 10px; margin-top: 0px; margin-bottom: 0px;">&nbsp;</p>

<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;"><b>Summary of Revenues and Gross Margin</b></p>

<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;"><b>(In Thousands of US Dollars)</b></p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; text-indent: 0px; font-family: Times New Roman, Times, serif; font-size: 10pt; border-collapse: collapse;">

		<tr style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: thin; border-bottom-style: solid;">
			<td style="font-family: Times New Roman, Times, serif; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-left-color: rgb(0, 0, 0); border-top-width: thin; border-left-width: thin; border-top-style: solid; border-left-style: solid;">&nbsp;</td>
			<td id=".lead.D3" style="font-family: Times New Roman, Times, serif; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-right-color: rgb(0, 0, 0); border-top-width: thin; border-right-width: thin; border-top-style: solid; border-right-style: solid;">&nbsp;</td>
			<td colspan="6" id=".amt.D3" style="text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-top-color: rgb(0, 0, 0); border-top-width: thin; border-top-style: solid;">
			<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;"><b><b>R<font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">evenue</font></b></b></p>
			</td>
			<td id=".trail.D3" style="padding-bottom: 1px; font-family: Times New Roman, Times, serif; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-right-color: rgb(0, 0, 0); border-top-width: thin; border-right-width: thin; border-top-style: solid; border-right-style: solid;">&nbsp;</td>
			<td id=".lead.D5" style="font-family: Times New Roman, Times, serif; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-top-width: thin; border-top-style: solid;">&nbsp;</td>
			<td colspan="6" id=".amt.D5" style="text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-top-color: rgb(0, 0, 0); border-top-width: thin; border-top-style: solid;">
			<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;"><b><b>Gross Margin</b></b></p>
			</td>
			<td id=".trail.D5" style="padding-bottom: 1px; font-family: Times New Roman, Times, serif; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-right-color: rgb(0, 0, 0); border-top-width: thin; border-right-width: thin; border-top-style: solid; border-right-style: solid;">&nbsp;</td>
		</tr>
		<tr style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: thin; border-bottom-style: solid;">
			<td style="font-family: Times New Roman, Times, serif; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-left-color: rgb(0, 0, 0); border-top-width: thin; border-left-width: thin; border-top-style: solid; border-left-style: solid;">&nbsp;</td>
			<td id=".lead.D3" style="font-family: Times New Roman, Times, serif; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-right-color: rgb(0, 0, 0); border-top-width: thin; border-right-width: thin; border-top-style: solid; border-right-style: solid;">&nbsp;</td>
			<td colspan="6" id=".amt.D3" style="text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-top-color: rgb(0, 0, 0); border-top-width: thin; border-top-style: solid;">
			<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;"><b><b>3 Months ended</b></b></p>

			<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;"><b><b>December 31</b></b></p>
			</td>
			<td id=".trail.D3" style="padding-bottom: 1px; font-family: Times New Roman, Times, serif; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-right-color: rgb(0, 0, 0); border-top-width: thin; border-right-width: thin; border-top-style: solid; border-right-style: solid;">&nbsp;</td>
			<td id=".lead.D5" style="font-family: Times New Roman, Times, serif; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-top-width: thin; border-top-style: solid;">&nbsp;</td>
			<td colspan="6" id=".amt.D5" style="text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-top-color: rgb(0, 0, 0); border-top-width: thin; border-top-style: solid;">
			<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;"><b><b>3 Months ended</b></b></p>

			<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;"><b><b>December 31</b></b></p>
			</td>
			<td id=".trail.D5" style="padding-bottom: 1px; font-family: Times New Roman, Times, serif; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-right-color: rgb(0, 0, 0); border-top-width: thin; border-right-width: thin; border-top-style: solid; border-right-style: solid;">&nbsp;</td>
		</tr>
		<tr style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: thin; border-bottom-style: solid;">
			<td style="font-family: Times New Roman, Times, serif; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-left-color: rgb(0, 0, 0); border-top-width: thin; border-left-width: thin; border-top-style: solid; border-left-style: solid;">&nbsp;</td>
			<td id=".lead.D2" style="font-family: Times New Roman, Times, serif; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-right-color: rgb(0, 0, 0); border-top-width: thin; border-right-width: thin; border-top-style: solid; border-right-style: solid;">&nbsp;</td>
			<td colspan="2" id=".amt.D2" style="text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-top-color: rgb(0, 0, 0); border-top-width: thin; border-top-style: solid;">
			<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;">2016</p>

			<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;">(Unaudited)</p>
			</td>
			<td id=".trail.D2" style="padding-bottom: 1px; font-family: Times New Roman, Times, serif; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-top-width: thin; border-top-style: solid;">&nbsp;</td>
			<td id=".lead.D3" style="font-family: Times New Roman, Times, serif; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-left-color: rgb(0, 0, 0); border-top-width: thin; border-left-width: thin; border-top-style: solid; border-left-style: solid;">&nbsp;</td>
			<td colspan="2" id=".amt.D3" style="text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-top-color: rgb(0, 0, 0); border-top-width: thin; border-top-style: solid;">
			<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;">2015</p>

			<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;">(Unaudited)</p>
			</td>
			<td id=".trail.D3" style="padding-bottom: 1px; font-family: Times New Roman, Times, serif; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-right-color: rgb(0, 0, 0); border-top-width: thin; border-right-width: thin; border-top-style: solid; border-right-style: solid;">&nbsp;</td>
			<td id=".lead.D4" style="font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td colspan="2" id=".amt.D4" style="text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt;">
			<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;">2016</p>

			<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;">(Unaudited)</p>
			</td>
			<td id=".trail.D4" style="padding-bottom: 1px; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".lead.D5" style="font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td colspan="2" id=".amt.D5" style="text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt;">
			<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;">2015</p>

			<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;">(Unaudited)</p>
			</td>
			<td id=".trail.D5" style="padding-bottom: 1px; font-family: Times New Roman, Times, serif; font-size: 10pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">&nbsp;</td>
		</tr>
		<tr style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: thin; border-bottom-style: solid;">
			<td colspan="16" style="text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-top-color: rgb(0, 0, 0); border-bottom-color: rgb(0, 0, 0); border-left-color: rgb(0, 0, 0); border-top-width: thin; border-bottom-width: thin; border-left-width: thin; border-top-style: solid; border-bottom-style: solid; border-left-style: solid;">
			<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;"><b>Network Access Services:</b></p>
			</td>
			<td id=".trail.D5" style="padding-bottom: 1px; font-family: Times New Roman, Times, serif; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-right-color: rgb(0, 0, 0); border-top-width: thin; border-right-width: thin; border-top-style: solid; border-right-style: solid;">&nbsp;</td>
		</tr>
		<tr style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: thin; border-bottom-style: solid;">
			<td style="width: 52%; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-top-color: rgb(0, 0, 0); border-left-color: rgb(0, 0, 0); border-top-width: thin; border-left-width: thin; border-top-style: solid; border-left-style: solid;">
			<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">Mobile Services</p>
			</td>
			<td id=".lead.2" style="width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-right-color: rgb(0, 0, 0); border-top-width: thin; border-right-width: thin; border-top-style: solid; border-right-style: solid;">&nbsp;</td>
			<td id=".symb.2" style="width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-top-width: thin; border-top-style: solid;">&nbsp;</td>
			<td id=".amt.2" style="width: 9%; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-top-color: rgb(0, 0, 0); border-top-width: thin; border-top-style: solid;">17,839</td>
			<td id=".trail.2" nowrap="true" style="width: 1%; padding-bottom: 1px; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-top-color: rgb(0, 0, 0); border-right-color: rgb(0, 0, 0); border-top-width: thin; border-right-width: thin; border-top-style: solid; border-right-style: solid;">&nbsp;</td>
			<td id=".lead.3" style="width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-left-color: rgb(0, 0, 0); border-top-width: thin; border-left-width: thin; border-top-style: solid; border-left-style: solid;">&nbsp;</td>
			<td id=".symb.3" style="width: 14.64px; font-family: Times New Roman, Times, serif; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-top-width: thin; border-top-style: solid;">&nbsp;</td>
			<td id=".amt.3" style="width: 131.35px; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt;">16,054</td>
			<td id=".trail.3" nowrap="true" style="width: 1%; padding-bottom: 1px; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">&nbsp;</td>
			<td id=".lead.4" style="width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.4" style="width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.4" style="width: 9%; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt;">8,951</td>
			<td id=".trail.4" nowrap="true" style="width: 1%; padding-bottom: 1px; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">&nbsp;</td>
			<td id=".lead.5" style="width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.5" style="width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.5" style="width: 9%; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt;">7,342</td>
			<td id=".trail.5" nowrap="true" style="width: 1%; padding-bottom: 1px; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">&nbsp;</td>
		</tr>
		<tr style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: thin; border-bottom-style: solid;">
			<td style="text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-top-color: rgb(0, 0, 0); border-left-color: rgb(0, 0, 0); border-top-width: thin; border-left-width: thin; border-top-style: solid; border-left-style: solid;">
			<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">Other Services</p>
			</td>
			<td id=".lead.2" style="width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-right-color: rgb(0, 0, 0); border-top-width: thin; border-right-width: thin; border-top-style: solid; border-right-style: solid;">&nbsp;</td>
			<td id=".symb.2" style="width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-top-width: thin; border-top-style: solid;">&nbsp;</td>
			<td id=".amt.2" style="width: 9%; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-top-color: rgb(0, 0, 0); border-top-width: thin; border-top-style: solid;">919</td>
			<td id=".trail.2" nowrap="true" style="width: 1%; padding-bottom: 1px; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-top-color: rgb(0, 0, 0); border-right-color: rgb(0, 0, 0); border-top-width: thin; border-right-width: thin; border-top-style: solid; border-right-style: solid;">&nbsp;</td>
			<td id=".lead.3" style="width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-top-width: thin; border-top-style: solid;">&nbsp;</td>
			<td id=".symb.3" style="width: 14.64px; font-family: Times New Roman, Times, serif; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-top-width: thin; border-top-style: solid;">&nbsp;</td>
			<td id=".amt.3" style="width: 131.35px; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt;">939</td>
			<td id=".trail.3" nowrap="true" style="width: 1%; padding-bottom: 1px; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">&nbsp;</td>
			<td id=".lead.4" style="width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.4" style="width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.4" style="width: 9%; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt;">254</td>
			<td id=".trail.4" nowrap="true" style="width: 1%; padding-bottom: 1px; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">&nbsp;</td>
			<td id=".lead.5" style="width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.5" style="width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.5" style="width: 9%; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt;">488</td>
			<td id=".trail.5" nowrap="true" style="width: 1%; padding-bottom: 1px; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">&nbsp;</td>
		</tr>
		<tr style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: thin; border-bottom-style: solid;">
			<td style="text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 17.25pt; border-top-color: rgb(0, 0, 0); border-left-color: rgb(0, 0, 0); border-top-width: thin; border-left-width: thin; border-top-style: solid; border-left-style: solid;">
			<p style="margin: 0pt 0pt 0pt 17.25pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">Total <font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">Network Access Services</font></p>
			</td>
			<td id=".lead.2" style="width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-right-color: rgb(0, 0, 0); border-top-width: thin; border-right-width: thin; border-top-style: solid; border-right-style: solid;">&nbsp;</td>
			<td id=".symb.2" style="width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-top-width: thin; border-top-style: solid;">&nbsp;</td>
			<td id=".amt.2" style="width: 9%; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-top-color: rgb(0, 0, 0); border-top-width: thin; border-top-style: solid;">18,758</td>
			<td id=".trail.2" nowrap="true" style="width: 1%; padding-bottom: 1px; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-top-color: rgb(0, 0, 0); border-right-color: rgb(0, 0, 0); border-top-width: thin; border-right-width: thin; border-top-style: solid; border-right-style: solid;">&nbsp;</td>
			<td id=".lead.3" style="width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-top-width: thin; border-top-style: solid;">&nbsp;</td>
			<td id=".symb.3" style="width: 14.64px; font-family: Times New Roman, Times, serif; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-top-width: thin; border-top-style: solid;">&nbsp;</td>
			<td id=".amt.3" style="width: 131.35px; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt;">16,993</td>
			<td id=".trail.3" nowrap="true" style="width: 1%; padding-bottom: 1px; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">&nbsp;</td>
			<td id=".lead.4" style="width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.4" style="width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.4" style="width: 9%; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt;">9,205</td>
			<td id=".trail.4" nowrap="true" style="width: 1%; padding-bottom: 1px; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">&nbsp;</td>
			<td id=".lead.5" style="width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.5" style="width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.5" style="width: 9%; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt;">7,830</td>
			<td id=".trail.5" nowrap="true" style="width: 1%; padding-bottom: 1px; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">&nbsp;</td>
		</tr>
		<tr style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: thin; border-bottom-style: solid;">
			<td style="border-top-color: rgb(0, 0, 0); border-left-color: rgb(0, 0, 0); border-top-width: thin; border-left-width: thin; border-top-style: solid; border-left-style: solid;">&nbsp;</td>
			<td id=".lead.B2" style="border-top-color: rgb(0, 0, 0); border-right-color: rgb(0, 0, 0); border-top-width: thin; border-right-width: thin; border-top-style: solid; border-right-style: solid;">&nbsp;</td>
			<td id=".symb.B2" style="border-top-color: rgb(0, 0, 0); border-top-width: thin; border-top-style: solid;">&nbsp;</td>
			<td id=".amt.B2" style="border-top-color: rgb(0, 0, 0); border-top-width: thin; border-top-style: solid;">&nbsp;</td>
			<td id=".trail.B2" style="border-top-color: rgb(0, 0, 0); border-right-color: rgb(0, 0, 0); border-top-width: thin; border-right-width: thin; border-top-style: solid; border-right-style: solid;">&nbsp;</td>
			<td id=".lead.B3" style="border-top-color: rgb(0, 0, 0); border-top-width: thin; border-top-style: solid;">&nbsp;</td>
			<td id=".symb.B3" style="width: 14.64px; border-top-color: rgb(0, 0, 0); border-top-width: thin; border-top-style: solid;">&nbsp;</td>
			<td id=".amt.B3" style="width: 131.35px;">&nbsp;</td>
			<td id=".trail.B3" style="border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">&nbsp;</td>
			<td id=".lead.B4">&nbsp;</td>
			<td id=".symb.B4">&nbsp;</td>
			<td id=".amt.B4">&nbsp;</td>
			<td id=".trail.B4" style="border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">&nbsp;</td>
			<td id=".lead.B5">&nbsp;</td>
			<td id=".symb.B5">&nbsp;</td>
			<td id=".amt.B5">&nbsp;</td>
			<td id=".trail.B5" style="border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">&nbsp;</td>
		</tr>
		<tr style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: thin; border-bottom-style: solid;">
			<td colspan="16" style="text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-top-color: rgb(0, 0, 0); border-bottom-color: rgb(0, 0, 0); border-left-color: rgb(0, 0, 0); border-top-width: thin; border-bottom-width: thin; border-left-width: thin; border-top-style: solid; border-bottom-style: solid; border-left-style: solid;">
			<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;"><b>Domain Services:</b></p>
			</td>
			<td id=".trail.D5" style="padding-bottom: 1px; font-family: Times New Roman, Times, serif; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-right-color: rgb(0, 0, 0); border-top-width: thin; border-right-width: thin; border-top-style: solid; border-right-style: solid;">&nbsp;</td>
		</tr>
		<tr style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: thin; border-bottom-style: solid;">
			<td style="text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-top-color: rgb(0, 0, 0); border-left-color: rgb(0, 0, 0); border-top-width: thin; border-left-width: thin; border-top-style: solid; border-left-style: solid;">
			<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">Wholesale</p>
			</td>
			<td id=".lead.B2" style="font-family: Times New Roman, Times, serif; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-right-color: rgb(0, 0, 0); border-top-width: thin; border-right-width: thin; border-top-style: solid; border-right-style: solid;">&nbsp;</td>
			<td id=".symb.B2" style="font-family: Times New Roman, Times, serif; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-top-width: thin; border-top-style: solid;">&nbsp;</td>
			<td id=".amt.B2" style="text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-top-width: thin; border-top-style: solid;">&nbsp;</td>
			<td id=".trail.B2" style="padding-bottom: 1px; font-family: Times New Roman, Times, serif; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-right-color: rgb(0, 0, 0); border-top-width: thin; border-right-width: thin; border-top-style: solid; border-right-style: solid;">&nbsp;</td>
			<td id=".lead.B3" style="font-family: Times New Roman, Times, serif; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-top-width: thin; border-top-style: solid;">&nbsp;</td>
			<td id=".symb.B3" style="width: 14.64px; font-family: Times New Roman, Times, serif; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-top-width: thin; border-top-style: solid;">&nbsp;</td>
			<td id=".amt.B3" style="width: 131.35px; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".trail.B3" style="padding-bottom: 1px; font-family: Times New Roman, Times, serif; font-size: 10pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">&nbsp;</td>
			<td id=".lead.B4" style="font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.B4" style="font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.B4" style="text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".trail.B4" style="padding-bottom: 1px; font-family: Times New Roman, Times, serif; font-size: 10pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">&nbsp;</td>
			<td id=".lead.B5" style="font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.B5" style="font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.B5" style="text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".trail.B5" style="padding-bottom: 1px; font-family: Times New Roman, Times, serif; font-size: 10pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">&nbsp;</td>
		</tr>
		<tr style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: thin; border-bottom-style: solid;">
			<td style="text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 8.25pt; border-top-color: rgb(0, 0, 0); border-left-color: rgb(0, 0, 0); border-top-width: thin; border-left-width: thin; border-top-style: solid; border-left-style: solid;">
			<p style="margin: 0pt 0pt 0pt 8.25pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">Domain Services</p>
			</td>
			<td id=".lead.2" style="width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-right-color: rgb(0, 0, 0); border-top-width: thin; border-right-width: thin; border-top-style: solid; border-right-style: solid;">&nbsp;</td>
			<td id=".symb.2" style="width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-top-width: thin; border-top-style: solid;">&nbsp;</td>
			<td id=".amt.2" style="width: 9%; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-top-color: rgb(0, 0, 0); border-top-width: thin; border-top-style: solid;">23,130</td>
			<td id=".trail.2" nowrap="true" style="width: 1%; padding-bottom: 1px; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-top-color: rgb(0, 0, 0); border-right-color: rgb(0, 0, 0); border-top-width: thin; border-right-width: thin; border-top-style: solid; border-right-style: solid;">&nbsp;</td>
			<td id=".lead.3" style="width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-top-width: thin; border-top-style: solid;">&nbsp;</td>
			<td id=".symb.3" style="width: 14.64px; font-family: Times New Roman, Times, serif; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-top-width: thin; border-top-style: solid;">&nbsp;</td>
			<td id=".amt.3" style="width: 131.35px; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt;">21,352</td>
			<td id=".trail.3" nowrap="true" style="width: 1%; padding-bottom: 1px; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">&nbsp;</td>
			<td id=".lead.4" style="width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.4" style="width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.4" style="width: 9%; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt;">4,398</td>
			<td id=".trail.4" nowrap="true" style="width: 1%; padding-bottom: 1px; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">&nbsp;</td>
			<td id=".lead.5" style="width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.5" style="width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.5" style="width: 9%; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt;">3,492</td>
			<td id=".trail.5" nowrap="true" style="width: 1%; padding-bottom: 1px; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">&nbsp;</td>
		</tr>
		<tr style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: thin; border-bottom-style: solid;">
			<td style="text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 8.25pt; border-top-color: rgb(0, 0, 0); border-left-color: rgb(0, 0, 0); border-top-width: thin; border-left-width: thin; border-top-style: solid; border-left-style: solid;">
			<p style="margin: 0pt 0pt 0pt 8.25pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">Value Added Services</p>
			</td>
			<td id=".lead.2" style="width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-right-color: rgb(0, 0, 0); border-top-width: thin; border-right-width: thin; border-top-style: solid; border-right-style: solid;">&nbsp;</td>
			<td id=".symb.2" style="width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-top-width: thin; border-top-style: solid;">&nbsp;</td>
			<td id=".amt.2" style="width: 9%; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-top-color: rgb(0, 0, 0); border-top-width: thin; border-top-style: solid;">2,336</td>
			<td id=".trail.2" nowrap="true" style="width: 1%; padding-bottom: 1px; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-top-color: rgb(0, 0, 0); border-right-color: rgb(0, 0, 0); border-top-width: thin; border-right-width: thin; border-top-style: solid; border-right-style: solid;">&nbsp;</td>
			<td id=".lead.3" style="width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-top-width: thin; border-top-style: solid;">&nbsp;</td>
			<td id=".symb.3" style="width: 14.64px; font-family: Times New Roman, Times, serif; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-top-width: thin; border-top-style: solid;">&nbsp;</td>
			<td id=".amt.3" style="width: 131.35px; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt;">2,304</td>
			<td id=".trail.3" nowrap="true" style="width: 1%; padding-bottom: 1px; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">&nbsp;</td>
			<td id=".lead.4" style="width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.4" style="width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.4" style="width: 9%; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt;">1,819</td>
			<td id=".trail.4" nowrap="true" style="width: 1%; padding-bottom: 1px; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">&nbsp;</td>
			<td id=".lead.5" style="width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.5" style="width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.5" style="width: 9%; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt;">1,805</td>
			<td id=".trail.5" nowrap="true" style="width: 1%; padding-bottom: 1px; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">&nbsp;</td>
		</tr>
		<tr style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: thin; border-bottom-style: solid;">
			<td style="text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 17.25pt; border-top-color: rgb(0, 0, 0); border-left-color: rgb(0, 0, 0); border-top-width: thin; border-left-width: thin; border-top-style: solid; border-left-style: solid;">
			<p style="margin: 0pt 0pt 0pt 17.25pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">Total Wholesale</p>
			</td>
			<td id=".lead.2" style="width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-right-color: rgb(0, 0, 0); border-top-width: thin; border-right-width: thin; border-top-style: solid; border-right-style: solid;">&nbsp;</td>
			<td id=".symb.2" style="width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-top-width: thin; border-top-style: solid;">&nbsp;</td>
			<td id=".amt.2" style="width: 9%; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-top-color: rgb(0, 0, 0); border-top-width: thin; border-top-style: solid;">25,466</td>
			<td id=".trail.2" nowrap="true" style="width: 1%; padding-bottom: 1px; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-top-color: rgb(0, 0, 0); border-right-color: rgb(0, 0, 0); border-top-width: thin; border-right-width: thin; border-top-style: solid; border-right-style: solid;">&nbsp;</td>
			<td id=".lead.3" style="width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-top-width: thin; border-top-style: solid;">&nbsp;</td>
			<td id=".symb.3" style="width: 14.64px; font-family: Times New Roman, Times, serif; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-top-width: thin; border-top-style: solid;">&nbsp;</td>
			<td id=".amt.3" style="width: 131.35px; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt;">23,656</td>
			<td id=".trail.3" nowrap="true" style="width: 1%; padding-bottom: 1px; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">&nbsp;</td>
			<td id=".lead.4" style="width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.4" style="width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.4" style="width: 9%; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt;">6,217</td>
			<td id=".trail.4" nowrap="true" style="width: 1%; padding-bottom: 1px; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">&nbsp;</td>
			<td id=".lead.5" style="width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.5" style="width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.5" style="width: 9%; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt;">5,297</td>
			<td id=".trail.5" nowrap="true" style="width: 1%; padding-bottom: 1px; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">&nbsp;</td>
		</tr>
		<tr style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: thin; border-bottom-style: solid;">
			<td style="border-top-color: rgb(0, 0, 0); border-left-color: rgb(0, 0, 0); border-top-width: thin; border-left-width: thin; border-top-style: solid; border-left-style: solid;">&nbsp;</td>
			<td id=".lead.B2" style="border-top-color: rgb(0, 0, 0); border-right-color: rgb(0, 0, 0); border-top-width: thin; border-right-width: thin; border-top-style: solid; border-right-style: solid;">&nbsp;</td>
			<td id=".symb.B2" style="border-top-color: rgb(0, 0, 0); border-top-width: thin; border-top-style: solid;">&nbsp;</td>
			<td id=".amt.B2" style="border-top-color: rgb(0, 0, 0); border-top-width: thin; border-top-style: solid;">&nbsp;</td>
			<td id=".trail.B2" style="border-top-color: rgb(0, 0, 0); border-right-color: rgb(0, 0, 0); border-top-width: thin; border-right-width: thin; border-top-style: solid; border-right-style: solid;">&nbsp;</td>
			<td id=".lead.B3" style="border-top-color: rgb(0, 0, 0); border-top-width: thin; border-top-style: solid;">&nbsp;</td>
			<td id=".symb.B3" style="width: 14.64px; border-top-color: rgb(0, 0, 0); border-top-width: thin; border-top-style: solid;">&nbsp;</td>
			<td id=".amt.B3" style="width: 131.35px;">&nbsp;</td>
			<td id=".trail.B3" style="border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">&nbsp;</td>
			<td id=".lead.B4">&nbsp;</td>
			<td id=".symb.B4">&nbsp;</td>
			<td id=".amt.B4">&nbsp;</td>
			<td id=".trail.B4" style="border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">&nbsp;</td>
			<td id=".lead.B5">&nbsp;</td>
			<td id=".symb.B5">&nbsp;</td>
			<td id=".amt.B5">&nbsp;</td>
			<td id=".trail.B5" style="border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">&nbsp;</td>
		</tr>
		<tr style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: thin; border-bottom-style: solid;">
			<td style="text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-top-color: rgb(0, 0, 0); border-left-color: rgb(0, 0, 0); border-top-width: thin; border-left-width: thin; border-top-style: solid; border-left-style: solid;">
			<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">Retail</p>
			</td>
			<td id=".lead.2" style="width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-right-color: rgb(0, 0, 0); border-top-width: thin; border-right-width: thin; border-top-style: solid; border-right-style: solid;">&nbsp;</td>
			<td id=".symb.2" style="width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-top-width: thin; border-top-style: solid;">&nbsp;</td>
			<td id=".amt.2" style="width: 9%; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-top-color: rgb(0, 0, 0); border-top-width: thin; border-top-style: solid;">3,882</td>
			<td id=".trail.2" nowrap="true" style="width: 1%; padding-bottom: 1px; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-top-color: rgb(0, 0, 0); border-right-color: rgb(0, 0, 0); border-top-width: thin; border-right-width: thin; border-top-style: solid; border-right-style: solid;">&nbsp;</td>
			<td id=".lead.3" style="width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-top-width: thin; border-top-style: solid;">&nbsp;</td>
			<td id=".symb.3" style="width: 14.64px; font-family: Times New Roman, Times, serif; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-top-width: thin; border-top-style: solid;">&nbsp;</td>
			<td id=".amt.3" style="width: 131.35px; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt;">3,359</td>
			<td id=".trail.3" nowrap="true" style="width: 1%; padding-bottom: 1px; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">&nbsp;</td>
			<td id=".lead.4" style="width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.4" style="width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.4" style="width: 9%; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt;">2,086</td>
			<td id=".trail.4" nowrap="true" style="width: 1%; padding-bottom: 1px; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">&nbsp;</td>
			<td id=".lead.5" style="width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.5" style="width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.5" style="width: 9%; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt;">1,849</td>
			<td id=".trail.5" nowrap="true" style="width: 1%; padding-bottom: 1px; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">&nbsp;</td>
		</tr>
		<tr style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: thin; border-bottom-style: solid;">
			<td style="text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-top-color: rgb(0, 0, 0); border-left-color: rgb(0, 0, 0); border-top-width: thin; border-left-width: thin; border-top-style: solid; border-left-style: solid;">
			<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">Portfolio</p>
			</td>
			<td id=".lead.2" style="width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-right-color: rgb(0, 0, 0); border-top-width: thin; border-right-width: thin; border-top-style: solid; border-right-style: solid;">&nbsp;</td>
			<td id=".symb.2" style="width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-top-width: thin; border-top-style: solid;">&nbsp;</td>
			<td id=".amt.2" style="width: 9%; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-top-color: rgb(0, 0, 0); border-top-width: thin; border-top-style: solid;">698</td>
			<td id=".trail.2" nowrap="true" style="width: 1%; padding-bottom: 1px; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-top-color: rgb(0, 0, 0); border-right-color: rgb(0, 0, 0); border-top-width: thin; border-right-width: thin; border-top-style: solid; border-right-style: solid;">&nbsp;</td>
			<td id=".lead.3" style="width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-top-width: thin; border-top-style: solid;">&nbsp;</td>
			<td id=".symb.3" style="width: 14.64px; font-family: Times New Roman, Times, serif; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-top-width: thin; border-top-style: solid;">&nbsp;</td>
			<td id=".amt.3" style="width: 131.35px; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt;">699</td>
			<td id=".trail.3" nowrap="true" style="width: 1%; padding-bottom: 1px; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">&nbsp;</td>
			<td id=".lead.4" style="width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.4" style="width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.4" style="width: 9%; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt;">555</td>
			<td id=".trail.4" nowrap="true" style="width: 1%; padding-bottom: 1px; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">&nbsp;</td>
			<td id=".lead.5" style="width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.5" style="width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.5" style="width: 9%; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt;">517</td>
			<td id=".trail.5" nowrap="true" style="width: 1%; padding-bottom: 1px; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">&nbsp;</td>
		</tr>
		<tr style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: thin; border-bottom-style: solid;">
			<td style="text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 17.25pt; border-top-color: rgb(0, 0, 0); border-left-color: rgb(0, 0, 0); border-top-width: thin; border-left-width: thin; border-top-style: solid; border-left-style: solid;">
			<p style="margin: 0pt 0pt 0pt 17.25pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">Total Domain Services</p>
			</td>
			<td id=".lead.2" style="width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-right-color: rgb(0, 0, 0); border-top-width: thin; border-right-width: thin; border-top-style: solid; border-right-style: solid;">&nbsp;</td>
			<td id=".symb.2" style="width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-top-width: thin; border-top-style: solid;">&nbsp;</td>
			<td id=".amt.2" style="width: 9%; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-top-color: rgb(0, 0, 0); border-top-width: thin; border-top-style: solid;">30,046</td>
			<td id=".trail.2" nowrap="true" style="width: 1%; padding-bottom: 1px; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-top-color: rgb(0, 0, 0); border-right-color: rgb(0, 0, 0); border-top-width: thin; border-right-width: thin; border-top-style: solid; border-right-style: solid;">&nbsp;</td>
			<td id=".lead.3" style="width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-top-width: thin; border-top-style: solid;">&nbsp;</td>
			<td id=".symb.3" style="width: 14.64px; font-family: Times New Roman, Times, serif; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-top-width: thin; border-top-style: solid;">&nbsp;</td>
			<td id=".amt.3" style="width: 131.35px; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt;">27,714</td>
			<td id=".trail.3" nowrap="true" style="width: 1%; padding-bottom: 1px; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">&nbsp;</td>
			<td id=".lead.4" style="width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.4" style="width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.4" style="width: 9%; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt;">8,858</td>
			<td id=".trail.4" nowrap="true" style="width: 1%; padding-bottom: 1px; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">&nbsp;</td>
			<td id=".lead.5" style="width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.5" style="width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.5" style="width: 9%; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt;">7,664</td>
			<td id=".trail.5" nowrap="true" style="width: 1%; padding-bottom: 1px; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">&nbsp;</td>
		</tr>
		<tr style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: thin; border-bottom-style: solid;">
			<td style="border-top-color: rgb(0, 0, 0); border-left-color: rgb(0, 0, 0); border-top-width: thin; border-left-width: thin; border-top-style: solid; border-left-style: solid;">&nbsp;</td>
			<td id=".lead.B2" style="border-top-color: rgb(0, 0, 0); border-right-color: rgb(0, 0, 0); border-top-width: thin; border-right-width: thin; border-top-style: solid; border-right-style: solid;">&nbsp;</td>
			<td id=".symb.B2" style="border-top-color: rgb(0, 0, 0); border-top-width: thin; border-top-style: solid;">&nbsp;</td>
			<td id=".amt.B2" style="border-top-color: rgb(0, 0, 0); border-top-width: thin; border-top-style: solid;">&nbsp;</td>
			<td id=".trail.B2" style="border-top-color: rgb(0, 0, 0); border-right-color: rgb(0, 0, 0); border-top-width: thin; border-right-width: thin; border-top-style: solid; border-right-style: solid;">&nbsp;</td>
			<td id=".lead.B3" style="border-top-color: rgb(0, 0, 0); border-top-width: thin; border-top-style: solid;">&nbsp;</td>
			<td id=".symb.B3" style="width: 14.64px; border-top-color: rgb(0, 0, 0); border-top-width: thin; border-top-style: solid;">&nbsp;</td>
			<td id=".amt.B3" style="width: 131.35px;">&nbsp;</td>
			<td id=".trail.B3" style="border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">&nbsp;</td>
			<td id=".lead.B4">&nbsp;</td>
			<td id=".symb.B4">&nbsp;</td>
			<td id=".amt.B4">&nbsp;</td>
			<td id=".trail.B4" style="border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">&nbsp;</td>
			<td id=".lead.B5">&nbsp;</td>
			<td id=".symb.B5">&nbsp;</td>
			<td id=".amt.B5">&nbsp;</td>
			<td id=".trail.B5" style="border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">&nbsp;</td>
		</tr>
		<tr style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: thin; border-bottom-style: solid;">
			<td colspan="16" style="text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-top-color: rgb(0, 0, 0); border-bottom-color: rgb(0, 0, 0); border-left-color: rgb(0, 0, 0); border-top-width: thin; border-bottom-width: thin; border-left-width: thin; border-top-style: solid; border-bottom-style: solid; border-left-style: solid;">
			<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;"><b>Network Expenses:</b></p>
			</td>
			<td id=".trail.D5" style="padding-bottom: 1px; font-family: Times New Roman, Times, serif; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-right-color: rgb(0, 0, 0); border-top-width: thin; border-right-width: thin; border-top-style: solid; border-right-style: solid;">&nbsp;</td>
		</tr>
		<tr style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: thin; border-bottom-style: solid;">
			<td style="text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-top-color: rgb(0, 0, 0); border-left-color: rgb(0, 0, 0); border-top-width: thin; border-left-width: thin; border-top-style: solid; border-left-style: solid;">
			<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">Network, other costs</p>
			</td>
			<td id=".lead.D2" style="font-family: Times New Roman, Times, serif; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-right-color: rgb(0, 0, 0); border-top-width: thin; border-right-width: thin; border-top-style: solid; border-right-style: solid;">&nbsp;</td>
			<td colspan="2" id=".amt.D2" style="text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-top-color: rgb(0, 0, 0); border-top-width: thin; border-top-style: solid;">
			<p style="margin: 0pt; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt;">&#9472;</p>
			</td>
			<td id=".trail.D2" style="padding-bottom: 1px; font-family: Times New Roman, Times, serif; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-right-color: rgb(0, 0, 0); border-top-width: thin; border-right-width: thin; border-top-style: solid; border-right-style: solid;">&nbsp;</td>
			<td id=".lead.D3" style="font-family: Times New Roman, Times, serif; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-top-width: thin; border-top-style: solid;">&nbsp;</td>
			<td colspan="2" id=".amt.D3" style="text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-top-color: rgb(0, 0, 0); border-top-width: thin; border-top-style: solid;">
			<p style="margin: 0pt; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt;">&#9472;</p>
			</td>
			<td id=".trail.D3" style="padding-bottom: 1px; font-family: Times New Roman, Times, serif; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-right-color: rgb(0, 0, 0); border-top-width: thin; border-right-width: thin; border-top-style: solid; border-right-style: solid;">&nbsp;</td>
			<td id=".lead.4" style="width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.4" style="width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.4" style="width: 9%; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt;">(1,285</td>
			<td id=".trail.4" nowrap="true" style="width: 1%; padding-bottom: 1px; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">)</td>
			<td id=".lead.5" style="width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.5" style="width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.5" style="width: 9%; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt;">(1,327</td>
			<td id=".trail.5" nowrap="true" style="width: 1%; padding-bottom: 1px; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">)</td>
		</tr>
		<tr style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: thin; border-bottom-style: solid;">
			<td style="text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-top-color: rgb(0, 0, 0); border-left-color: rgb(0, 0, 0); border-top-width: thin; border-left-width: thin; border-top-style: solid; border-left-style: solid;">
			<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">Network, depreciation and amortization costs</p>
			</td>
			<td id=".lead.D2" style="font-family: Times New Roman, Times, serif; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-right-color: rgb(0, 0, 0); border-top-width: thin; border-right-width: thin; border-top-style: solid; border-right-style: solid;">&nbsp;</td>
			<td colspan="2" id=".amt.D2" style="text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-top-color: rgb(0, 0, 0); border-top-width: thin; border-top-style: solid;">
			<p style="margin: 0pt; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt;">&#9472;</p>
			</td>
			<td id=".trail.D2" style="padding-bottom: 1px; font-family: Times New Roman, Times, serif; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-right-color: rgb(0, 0, 0); border-top-width: thin; border-right-width: thin; border-top-style: solid; border-right-style: solid;">&nbsp;</td>
			<td id=".lead.D3" style="font-family: Times New Roman, Times, serif; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-top-width: thin; border-top-style: solid;">&nbsp;</td>
			<td colspan="2" id=".amt.D3" style="text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-top-color: rgb(0, 0, 0); border-top-width: thin; border-top-style: solid;">
			<p style="margin: 0pt; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt;">&#9472;</p>
			</td>
			<td id=".trail.D3" style="padding-bottom: 1px; font-family: Times New Roman, Times, serif; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-right-color: rgb(0, 0, 0); border-top-width: thin; border-right-width: thin; border-top-style: solid; border-right-style: solid;">&nbsp;</td>
			<td id=".lead.4" style="width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.4" style="width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.4" style="width: 9%; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt;">(355</td>
			<td id=".trail.4" nowrap="true" style="width: 1%; padding-bottom: 1px; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">)</td>
			<td id=".lead.5" style="width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.5" style="width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.5" style="width: 9%; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt;">(353</td>
			<td id=".trail.5" nowrap="true" style="width: 1%; padding-bottom: 1px; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">)</td>
		</tr>
		<tr style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: thin; border-bottom-style: solid;">
			<td style="text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 17.25pt; border-top-color: rgb(0, 0, 0); border-left-color: rgb(0, 0, 0); border-top-width: thin; border-left-width: thin; border-top-style: solid; border-left-style: solid;">
			<p style="margin: 0pt 0pt 0pt 17.25pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">Total Network expenses</p>
			</td>
			<td id=".lead.D2" style="font-family: Times New Roman, Times, serif; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-right-color: rgb(0, 0, 0); border-top-width: thin; border-right-width: thin; border-top-style: solid; border-right-style: solid;">&nbsp;</td>
			<td colspan="2" id=".amt.D2" style="text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-top-color: rgb(0, 0, 0); border-top-width: thin; border-top-style: solid;">
			<p style="margin: 0pt; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt;">&#9472;</p>
			</td>
			<td id=".trail.D2" style="padding-bottom: 1px; font-family: Times New Roman, Times, serif; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-right-color: rgb(0, 0, 0); border-top-width: thin; border-right-width: thin; border-top-style: solid; border-right-style: solid;">&nbsp;</td>
			<td id=".lead.D3" style="font-family: Times New Roman, Times, serif; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-top-width: thin; border-top-style: solid;">&nbsp;</td>
			<td colspan="2" id=".amt.D3" style="text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-top-color: rgb(0, 0, 0); border-top-width: thin; border-top-style: solid;">
			<p style="margin: 0pt; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt;">&#9472;</p>
			</td>
			<td id=".trail.D3" style="padding-bottom: 1px; font-family: Times New Roman, Times, serif; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-right-color: rgb(0, 0, 0); border-top-width: thin; border-right-width: thin; border-top-style: solid; border-right-style: solid;">&nbsp;</td>
			<td id=".lead.4" style="width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.4" style="width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.4" style="width: 9%; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt;">(1,640</td>
			<td id=".trail.4" nowrap="true" style="width: 1%; padding-bottom: 1px; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">)</td>
			<td id=".lead.5" style="width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.5" style="width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.5" style="width: 9%; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt;">(1,680</td>
			<td id=".trail.5" nowrap="true" style="width: 1%; padding-bottom: 1px; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">)</td>
		</tr>
		<tr style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: thin; border-bottom-style: solid;">
			<td style="border-top-color: rgb(0, 0, 0); border-left-color: rgb(0, 0, 0); border-top-width: thin; border-left-width: thin; border-top-style: solid; border-left-style: solid;">&nbsp;</td>
			<td id=".lead.B2" style="border-top-color: rgb(0, 0, 0); border-right-color: rgb(0, 0, 0); border-top-width: thin; border-right-width: thin; border-top-style: solid; border-right-style: solid;">&nbsp;</td>
			<td id=".symb.B2" style="border-top-color: rgb(0, 0, 0); border-top-width: thin; border-top-style: solid;">&nbsp;</td>
			<td id=".amt.B2" style="border-top-color: rgb(0, 0, 0); border-top-width: thin; border-top-style: solid;">&nbsp;</td>
			<td id=".trail.B2" style="border-top-color: rgb(0, 0, 0); border-right-color: rgb(0, 0, 0); border-top-width: thin; border-right-width: thin; border-top-style: solid; border-right-style: solid;">&nbsp;</td>
			<td id=".lead.B3" style="border-top-color: rgb(0, 0, 0); border-top-width: thin; border-top-style: solid;">&nbsp;</td>
			<td id=".symb.B3" style="width: 14.64px; border-top-color: rgb(0, 0, 0); border-top-width: thin; border-top-style: solid;">&nbsp;</td>
			<td id=".amt.B3" style="width: 131.35px;">&nbsp;</td>
			<td id=".trail.B3" style="border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">&nbsp;</td>
			<td id=".lead.B4">&nbsp;</td>
			<td id=".symb.B4">&nbsp;</td>
			<td id=".amt.B4">&nbsp;</td>
			<td id=".trail.B4" style="border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">&nbsp;</td>
			<td id=".lead.B5">&nbsp;</td>
			<td id=".symb.B5">&nbsp;</td>
			<td id=".amt.B5">&nbsp;</td>
			<td id=".trail.B5" style="border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">&nbsp;</td>
		</tr>
		<tr style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: thin; border-bottom-style: solid;">
			<td style="text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-top-color: rgb(0, 0, 0); border-left-color: rgb(0, 0, 0); border-top-width: thin; border-left-width: thin; border-top-style: solid; border-left-style: solid;">
			<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;"><b>Total revenue/gross margin</b></p>
			</td>
			<td id=".lead.2" style="width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-right-color: rgb(0, 0, 0); border-top-width: thin; border-right-width: thin; border-top-style: solid; border-right-style: solid;">&nbsp;</td>
			<td id=".symb.2" style="width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-top-width: thin; border-top-style: solid;">&nbsp;</td>
			<td id=".amt.2" style="width: 9%; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-top-color: rgb(0, 0, 0); border-top-width: thin; border-top-style: solid;">48,805</td>
			<td id=".trail.2" nowrap="true" style="width: 1%; padding-bottom: 1px; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-top-color: rgb(0, 0, 0); border-right-color: rgb(0, 0, 0); border-top-width: thin; border-right-width: thin; border-top-style: solid; border-right-style: solid;">&nbsp;</td>
			<td id=".lead.3" style="width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-top-width: thin; border-top-style: solid;">&nbsp;</td>
			<td id=".symb.3" style="width: 14.64px; font-family: Times New Roman, Times, serif; font-size: 10pt; border-top-color: rgb(0, 0, 0); border-top-width: thin; border-top-style: solid;">&nbsp;</td>
			<td id=".amt.3" style="width: 131.35px; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt;">44,707</td>
			<td id=".trail.3" nowrap="true" style="width: 1%; padding-bottom: 1px; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">&nbsp;</td>
			<td id=".lead.4" style="width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.4" style="width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.4" style="width: 9%; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt;">16,423</td>
			<td id=".trail.4" nowrap="true" style="width: 1%; padding-bottom: 1px; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">&nbsp;</td>
			<td id=".lead.5" style="width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.5" style="width: 1%; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.5" style="width: 9%; text-align: right; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt;">13,814</td>
			<td id=".trail.5" nowrap="true" style="width: 1%; padding-bottom: 1px; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-left: 0pt; border-right-color: rgb(0, 0, 0); border-right-width: thin; border-right-style: solid;">&nbsp;</td>
		</tr>

</table>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<div id="PGBK" style="width: 100%; margin-right: 0pt; margin-left: 0pt;">
<div id="PGNUM" style="width: 100%; text-align: center;">&nbsp;</div>

<hr style="border: currentColor; border-image: none; width: 100%; height: 2px; color: rgb(0, 0, 0); page-break-after: always; background-color: rgb(0, 0, 0);">
<div id="PGHDR" style="width: 100%; text-align: left;">&nbsp;</div>
</div>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&ldquo;<font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">A strong fourth quarter contributed to a record financial performance for 2016, driven by continued top line and gross margin growth in both our Ting Mobile and Domain Services businesses as we continue to benefit from the significant operating leverage in our business,&rdquo; said Elliot Noss, President and Chief Executive Officer, Tucows Inc. &ldquo;Revenue for fourth quarter grew 9% year-over year to just under $49 million, and for the year grew 11% to just under $190 million. Earnin</font><font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">gs per share for the quarter decreased 7% year-over-year to $0.27 while growing 47% for the full year to $1.53.&rdquo;</font></p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&ldquo;<font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">As importantly, each of our businesses contributed just what we would have hoped to the overall business strategy,&rdquo; added Mr. Noss. &ldquo;Domain Services achieved greater scale and efficiency with the acquisition and successful integration of Melbourne IT&rsquo;s international wholesale domain reseller channel. With the very recent acquisition of Enom and its expected operating synergies to come over the next 24 months, we anticipate further efficiencies in the future. Ting Mobile delivered outstanding growth, finishing the year with a run rate of over $35 million in annual gross margin. And Ting Internet took significant strides toward future contribution as we added new towns, expanded our networks, drove demand and optimized our operations and processes.&rdquo;</font></p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">Mr. Noss added, &ldquo;<font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">We begin 2017 in a tremendous position to continue to grow our bottom line and invest in our priorities.&rdquo;</font></p>

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<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;"><b>Financial Results</b></p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;<font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</font></p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">Net revenue for the fourth quarter of 2016 increased 9% to 48.8 million from $44.7 million for<font style="font-family: Times New Roman, Times, serif; font-size: 10pt;"> the fourth quarter of 2015.</font></p>

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<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">Net income for the fourth quarter of 2016 decreased to $2.8 million, or $0.27 per share, from $3.1 million, or $0.29 per share, for the fourth quarter of 2015. Net income for the fourth quarter of 2016 was negatively impacted d<font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">uring the quarter by one-time items totaling $1.0 million related to the eNom acquisition and the Ting Mobile business. Adjusted EBITDA<sup>1</sup> for the fourth quarter of 2016 increased to $7.3 million from $5.5 million for the fourth quarter of 2015.</font></p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">Cash and c<font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">ash equivalents at the end of the fourth quarter of 2016 were $15.1 million compared with $10.5 million at the end of the third quarter of 2016 and $7.7 million at the end of the fourth quarter of 2015. The increase relative to the third quarter of 2016 was primarily the result of cash provided by operating activities of $8.9 million, which was partially offset by a further investment of $4.0 million in property and equipment, primarily for the continued build out of the Ting Internet footprint and scheduled loan repayments of $0.3 million.</font></p>

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<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;"><b>Notes:</b></p>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

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<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">1. Adjusted EBITDA</p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">Tucows reports all financial information required in accordance with United States generally accepted accounting principles (GAAP). Along with this information, to assist financial statement <font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">users in an assessment of our historical performance, the Company typically disclose and discuss a non-GAAP financial measure, adjusted EBITDA, on investor conference calls and related events that exclude certain non-cash and other charges as the Company believes that the non-GAAP information enhances investors&#39; overall understanding of our financial performance.</font></p>

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<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">The Company believes that the provision of this supplemental non-GAAP measure allows investors to evaluate the operational and financial perform<font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">ance of the Company&rsquo;s core business using similar evaluation measures to those used by management. The Company uses adjusted EBITDA to measure its performance and prepare its budgets. Since adjusted EBITDA is a non-GAAP financial performance measure, the Company&rsquo;s calculation of adjusted EBITDA may not be comparable to other similarly titled measures of other companies; and should not be considered in isolation, as a substitute for, or superior to measures of financial performance prepared in accordance with GAAP. Because adjusted EBITDA is calculated before recurring cash charges, including interest expense and taxes, and is not adjusted for capital expenditures or other recurring cash requirements of the business, it should not be considered as a liquidity measure. Non-GAAP financial measures do not reflect a comprehensive system of accounting and may differ from non-GAAP financial measures with the same or similar captions that are used by other companies and/or analysts and may differ from period to period. The Company endeavors to compensate for these limitations by providing the relevant disclosure of the items excluded in the calculation of adjusted EBITDA to net income based on U.S. GAAP, which should be considered when evaluating the Company&#39;s results. Tucows strongly encourages investors to review its financial information in its entirety and not to rely on a single financial measure.</font></p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">The Company<font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">&rsquo;s adjusted EBITDA definition excludes depreciation, amortization of intangible assets, income tax provision, interest expense, interest income, stock-based compensation, asset impairment, gains and losses from unrealized foreign currency transactions and infrequently occurring items, including acquisition and integration costs. Gains and losses from unrealized foreign currency transactions removes the unrealized effect of the change in the mark-to-market values on outstanding unhedged foreign currency contracts, as well as the unrealized effect from the translation of monetary accounts denominated in non-U.S. dollars to U.S. dollars.</font></p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">Prior year Adjusted EBITDA amounts presented herein have been recast to reflect adjusted EBITDA definitional changes described in the Company<font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">&rsquo;s Form 10-Q Quarterly Report for the three months ended September 30, 2016.</font></p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">During <font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">2016, the Company identified an immaterial error that affects the classification of certain marketing program costs. Prior to the third quarter of fiscal 2016, the Company recorded the cost for certain marketing credits as Sales and marketing expense which should have been recorded as a reduction in Net revenue. The discussion presented here correctly reflect these marketing credits as a reduction in Net Revenues for all current and comparative periods. This resulted in a decrease in Net Revenues, and a corresponding decrease in Sales and marketing expenses of $0.3 million and $1.3 million for the three months and year ended December 31, 2015. </font></p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt 15pt 0pt 71pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;"><b>Conference Call</b></p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">Tucows management will host a conference call today, Tuesday, February 7, 2017 at 5:00 p.m. (ET)<font style="font-family: Times New Roman, Times, serif; font-size: 10pt;"> to discuss the Company&rsquo;s fourth quarter 2016 results. Participants can access the conference call by dialing 1-888-231-8191 or 647-427-7450 or via the Internet at </font><font style="font-family: Times New Roman, Times, serif; font-size: 10pt;"><u>http://www.tucows.com/investors</u></font><font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">.</font></p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">For those unable to participate in the conference call at the scheduled time, it will be archived for replay both by telephone and via the Internet beginning approximately one hour following completion of the ca<font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">ll. To access the archived conference call by telephone, dial 416-849-0833 or 1-855-859-2056 and enter the passcode 58593654 followed by the pound key. The telephone replay will be available until Tuesday, February 14, 2017 at midnight. To access the archived conference call as an MP3 via the Internet, go to </font><font style="font-family: Times New Roman, Times, serif; font-size: 10pt;"><u>http://www.tucows.com/investors</u></font><font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">.</font></p>

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<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;"><b>About Tucows</b></p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">Tucows is a provider of network access, domain names<font style="font-family: Times New Roman, Times, serif; font-size: 10pt;"> and other Internet services. Ting (https://ting.com) delivers mobile phone service and fixed Internet access with outstanding customer support. OpenSRS (http://opensrs.com) and Enom (http://www.enom.com) manage a combined 29 million domain names and millions of value-added services through a global reseller network of over 40,000 web hosts and ISPs. Hover (http://hover.com) makes it easy for individuals and small businesses to manage their domain names and email addresses. More information can be found on Tucows&rsquo; corporate website (http://tucows.com).</font></p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;"><i>This release includes forward-looking statements as that term is defined in the U.S. Private Securities Litigation Reform Act of 1995 including statements regarding our expectations regarding our future fina<font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">ncial results and, including, without limitation, our expectation regarding our ability to manage realized gains/losses from foreign currency contracts. These statements are based on management&rsquo;s current expectations and are subject to a number of uncertainties and risks that could cause actual results to differ materially from those described in the forward-looking statements. Information about other potential factors that could affect Tucows&rsquo; business, results of operations and financial condition is included in the Risk Factors sections of Tucows&rsquo; filings with the Securities and Exchange Commission. All forward-looking statements should be evaluated with the understanding of their inherent uncertainty. All forward-looking statements are based on information available to Tucows as of the date they are made. Tucows assumes no obligation to update any forward-looking statements, except as may be required by law.</font></i></p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">TUCOWS&reg;<font style="font-family: Times New Roman, Times, serif; font-size: 10pt;"> is a registered trademark of Tucows Inc. or its subsidiaries. All other trademarks and service marks are the properties of their respective owners.</font></p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;"><b>Contact:</b></p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">Lawrence Chamberlain</p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">NATIONAL Equicom</p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">(416) 848-1457</p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">lchamberlain@national.ca</p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>
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