Exhibit 99.1
 Global Traffic Network, Inc. Reports Fiscal Fourth
Quarter and Year End 2010 Operating Results
 Achieves Record Fiscal Fourth Quarter Revenue and Adjusted Operating Income
 Quarterly Revenue Up 29% while Adjusted Operating Income Increases $1.95 million
 Strong Finish to Fiscal Year in which Revenue and Adjusted Operating Income
Increased 55% and 137%, respectively
 New York, NY, September 15, 2010 Global Traffic Network, Inc. (Nasdaq: GNET),




---



##### 








---



##### 



First Fiscal Quarter 2011 Outlook
  Conference Call
 www.globaltrafficnetwork.com
 About Global Traffic Network




---



##### 



www.globaltrafficnetwork.com
 This press release contains statements that constitute forward-looking statements. These
statements reflect the Companys current views with respect to future events. These
forward-looking statements involve known and unknown risks, uncertainties and other factors,
including those discussed under the heading Risk Factors and elsewhere in the Companys annual
report 10-K, which may cause the actual results, performance or achievements to be materially
different from any future results, performances or achievements anticipated or implied by these
forward-looking statements. These statements can be recognized by the use of words such as may,
will, intend,  should, could, can, would, expect, believe, estimate,  predict,
potential, plan, is designed to, target or the negative of these terms, and similar
expressions. The Company does not undertake to revise or update any forward-looking statements to
reflect future events or circumstances.
 Currency Exchange Rates for Income Statement Information
 Three Months Ending
    
    Three Months EndingJune 30, 2010
    
    June 30, 2009
    
    DifferenceAustralia
    
    
    0.8827
    
    
    
    0.7611
    
    
    
    +16.0
    %Canada
    
    
    0.9719
    
    
    
    0.8567
    
    
    
    +13.4
    %United Kingdom
    
    
    1.4917
    
    
    
    1.5522
    
    
    
    (3.9
    )%




---



##### 



Three Months
    
    
    Twelve MonthsEnded
    
    
    EndedJune 30,
    
    
    June 30,
    
    
    June 30,
    
    
    June 30,2010
    
    
    2009
    
    
    2010
    
    
    2009(Unaudited)
    
    
    (Unaudited)
    
    
    (Unaudited)
    
    
    (Unaudited)(In thousands)
    
    
    (In thousands)
    
    
    (In thousands)
    
    
    (In thousands)Net operating income (loss)
    
    $
    1,019
    
    
    $
    (623
    )
    
    $
    3,705
    
    
    $
    1,238Add back:Depreciation and amortization expense
    
    $
    1,416
    
    
    $
    1,104
    
    
    $
    5,326
    
    
    $
    2,547Adjusted Operating Income
    
    $
    2,435
    
    
    $
    481
    
    
    $
    9,031
    
    
    $
    3,785




---



##### 



Global Traffic Network, Inc.
Income Statement Detail
(Unaudited)
(In thousands)
Three Months Ended June 30,
 2010
    
    2010
    
    2010
    
    2010
    
    2010
    
    2010Australia
    
    Canada
    
    UK
    
    Mobile
    
    Corporate
    
    TotalRevenues
    
    $
    14,224
    
    
    $
    2,977
    
    
    $
    6,040
    
    
    $
    
    
    
    $
    
    
    
    $
    23,241Operating expensesTraffic
    
    
    5,208
    
    
    
    2,561
    
    
    
    4,763
    
    
    
    140
    
    
    
    
    
    
    
    12,672News
    
    
    2,247
    
    
    
    
    
    
    
    431
    
    
    
    
    
    
    
    
    
    
    
    2,678TV
    
    
    231
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    231Selling, G&A
    
    
    2,581
    
    
    
    819
    
    
    
    668
    
    
    
    33
    
    
    
    
    
    
    
    4,101Corporate overhead
    
    
    392
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    436
    
    
    
    828Non-cash compensation
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    296
    
    
    
    296Depreciation/amortization
    
    
    232
    
    
    
    483
    
    
    
    675
    
    
    
    26
    
    
    
    
    
    
    
    1,416Net operating income (loss)
    
    
    3,333
    
    
    
    (886
    )
    
    
    (497
    )
    
    
    (199
    )
    
    
    (732
    )
    
    
    1,019Interest expense
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Other (income)
    
    
    (216
    )
    
    
    
    
    
    
    2
    
    
    
    
    
    
    
    1
    
    
    
    (213
    )Other expense
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Net income (loss) before taxes
    
    
    3,549
    
    
    
    (886
    )
    
    
    (499
    )
    
    
    (199
    )
    
    
    (733
    )
    
    
    1,232Income tax expense (benefit)
    
    
    1,069
    
    
    
    
    
    
    
    (204
    )
    
    
    
    
    
    
    11
    
    
    
    876Net income (loss)
    
    $
    2,480
    
    
    $
    (886
    )
    
    $
    (295
    )
    
    $
    (199
    )
    
    $
    (744
    )
    
    $
    356
 2009
    
    2009
    
    2009
    
    2009
    
    2009
    
    2009Australia
    
    Canada
    
    UK
    
    Mobile
    
    Corporate
    
    TotalRevenues
    
    $
    10,191
    
    
    $
    1,844
    
    
    $
    5,936
    
    
    $
    
    
    
    $
    
    
    
    $
    17,971Operating expensesTraffic
    
    
    4,081
    
    
    
    2,053
    
    
    
    5,116
    
    
    
    117
    
    
    
    
    
    
    
    11,367News
    
    
    1,805
    
    
    
    
    
    
    
    270
    
    
    
    
    
    
    
    
    
    
    
    2,075TV
    
    
    193
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    193Selling, G&A
    
    
    1,707
    
    
    
    477
    
    
    
    634
    
    
    
    91
    
    
    
    
    
    
    
    2,909Corporate overhead
    
    
    352
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    316
    
    
    
    668Non-cash compensation
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    278
    
    
    
    278Depreciation/amortization
    
    
    189
    
    
    
    211
    
    
    
    691
    
    
    
    13
    
    
    
    
    
    
    
    1,104Net operating income (loss)
    
    
    1,864
    
    
    
    (897
    )
    
    
    (775
    )
    
    
    (221
    )
    
    
    (594
    )
    
    
    (623
    )Interest expense
    
    
    7
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    7Other (income)
    
    
    (135
    )
    
    
    (1
    )
    
    
    
    
    
    
    
    
    
    
    (3
    )
    
    
    (139
    )Other expense
    
    
    
    
    
    
    6
    
    
    
    11
    
    
    
    19
    
    
    
    
    
    
    
    36Net income (loss) before taxes
    
    
    1,992
    
    
    
    (902
    )
    
    
    (786
    )
    
    
    (240
    )
    
    
    (591
    )
    
    
    (527
    )Income tax expense (benefit)
    
    
    600
    
    
    
    
    
    
    
    (70
    )
    
    
    
    
    
    
    (10
    )
    
    
    520Net income (loss)
    
    $
    1,392
    
    
    $
    (902
    )
    
    $
    (716
    )
    
    $
    (240
    )
    
    $
    (581
    )
    
    $
    (1,047
    )




---



##### 



Global Traffic Network, Inc.
Income Statement Detail
(Unaudited)
(In thousands)
Twelve Months Ended June 30,
 2010
    
    2010
    
    2010
    
    2010
    
    2010
    
    2010Australia
    
    Canada
    
    UK
    
    Mobile
    
    Corporate
    
    TotalRevenues
    
    $
    56,451
    
    
    $
    9,464
    
    
    $
    27,389
    
    
    $
    31
    
    
    $
    
    
    
    $
    93,335Operating expensesTraffic
    
    
    20,066
    
    
    
    9,675
    
    
    
    21,229
    
    
    
    541
    
    
    
    
    
    
    
    51,511News
    
    
    9,024
    
    
    
    
    
    
    
    1,800
    
    
    
    
    
    
    
    
    
    
    
    10,824TV
    
    
    931
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    931Selling, G&A
    
    
    10,097
    
    
    
    2,837
    
    
    
    3,281
    
    
    
    175
    
    
    
    
    
    
    
    16,390Corporate overhead
    
    
    1,588
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    1,815
    
    
    
    3,403Non-cash compensation
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    1,245
    
    
    
    1,245Depreciation/amortization
    
    
    982
    
    
    
    1,386
    
    
    
    2,854
    
    
    
    104
    
    
    
    
    
    
    
    5,326Net operating income (loss)
    
    
    13,763
    
    
    
    (4,434
    )
    
    
    (1,775
    )
    
    
    (789
    )
    
    
    (3,060
    )
    
    
    3,705Interest expense
    
    
    15
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    15Other (income)
    
    
    (729
    )
    
    
    (9
    )
    
    
    (129
    )
    
    
    
    
    
    
    (100
    )
    
    
    (967
    )Other expense
    
    
    
    
    
    
    6
    
    
    
    
    
    
    
    26
    
    
    
    
    
    
    
    32Net income (loss) before taxes
    
    
    14,477
    
    
    
    (4,431
    )
    
    
    (1,646
    )
    
    
    (815
    )
    
    
    (2,960
    )
    
    
    4,625Income tax expense (benefit)
    
    
    4,360
    
    
    
    
    
    
    
    (388
    )
    
    
    
    
    
    
    26
    
    
    
    3,998Net income (loss)
    
    $
    10,117
    
    
    $
    (4,431
    )
    
    $
    (1,258
    )
    
    $
    (815
    )
    
    $
    (2,986
    )
    
    $
    627
 2009
    
    2009
    
    2009
    
    2009
    
    2009
    
    2009Australia
    
    Canada
    
    UK
    
    Mobile
    
    Corporate
    
    TotalRevenues
    
    $
    42,707
    
    
    $
    6,920
    
    
    $
    10,710
    
    
    $
    
    
    
    $
    
    
    
    $
    60,337Operating expensesTraffic
    
    
    14,955
    
    
    
    7,232
    
    
    
    10,107
    
    
    
    654
    
    
    
    
    
    
    
    32,948News
    
    
    6,876
    
    
    
    
    
    
    
    360
    
    
    
    
    
    
    
    
    
    
    
    7,236TV
    
    
    753
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    753Selling, G&A
    
    
    7,387
    
    
    
    2,019
    
    
    
    1,170
    
    
    
    734
    
    
    
    
    
    
    
    11,310Corporate overhead
    
    
    1,340
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    1,811
    
    
    
    3,151Non-cash compensation
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    1,154
    
    
    
    1,154Depreciation/amortization
    
    
    737
    
    
    
    757
    
    
    
    1,015
    
    
    
    38
    
    
    
    
    
    
    
    2,547Net operating income (loss)
    
    
    10,659
    
    
    
    (3,088
    )
    
    
    (1,942
    )
    
    
    (1,426
    )
    
    
    (2,965
    )
    
    
    1,238Interest expense
    
    
    39
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    39Other (income)
    
    
    (701
    )
    
    
    (31
    )
    
    
    (21
    )
    
    
    
    
    
    
    (297
    )
    
    
    (1,050
    )Other expense
    
    
    41
    
    
    
    6
    
    
    
    11
    
    
    
    19
    
    
    
    
    
    
    
    77Net income (loss) before taxes
    
    
    11,280
    
    
    
    (3,063
    )
    
    
    (1,932
    )
    
    
    (1,445
    )
    
    
    (2,668
    )
    
    
    2,172Income tax expense (benefit)
    
    
    3,386
    
    
    
    
    
    
    
    (130
    )
    
    
    
    
    
    
    1
    
    
    
    3,257Net income (loss)
    
    $
    7,894
    
    
    $
    (3,063
    )
    
    $
    (1,802
    )
    
    $
    (1,445
    )
    
    $
    (2,669
    )
    
    $
    (1,085
    )




---



##### 



GLOBAL TRAFFIC NETWORK, INC.
CONSOLIDATED STATEMENTS OF INCOME
(In thousands except share and per share amounts)
 Three Months Ended
    
    
    Twelve Months EndedJune 30
    
    
    June 302010
    
    
    2009
    
    
    2010
    
    
    2009(Unaudited)
    
    
    (Unaudited)
    
    
    (Unaudited)
    
    
    (Unaudited)Revenues
    
    $
    23,241
    
    
    $
    17,971
    
    
    $
    93,335
    
    
    $
    60,337Operating expenses (exclusive of
depreciation and amortization shown
separately below)
    
    
    15,581
    
    
    
    13,635
    
    
    
    63,266
    
    
    
    40,937Selling, general and administrative expenses
    
    
    5,225
    
    
    
    3,855
    
    
    
    21,038
    
    
    
    15,615Depreciation and amortization expense
    
    
    1,416
    
    
    
    1,104
    
    
    
    5,326
    
    
    
    2,547Net operating income (loss)
    
    
    1,019
    
    
    
    (623
    )
    
    
    3,705
    
    
    
    1,238Interest expense
    
    
    
    
    
    
    7
    
    
    
    15
    
    
    
    39Other (income) (including interest income of
$214 and $137 for the three months ended
June 30, 2010 and 2009 and interest income
of $727 and $1,015 for the twelve months
ended June 30, 2010 and 2009)
    
    
    (213
    )
    
    
    (139
    )
    
    
    (967
    )
    
    
    (1,050
    )Other expense
    
    
    
    
    
    
    36
    
    
    
    32
    
    
    
    77Net income (loss) before income taxes
    
    
    1,232
    
    
    
    (527
    )
    
    
    4,625
    
    
    
    2,172Income tax expense
    
    
    876
    
    
    
    520
    
    
    
    3,998
    
    
    
    3,257Net income (loss)
    
    $
    356
    
    
    $
    (1,047
    )
    
    $
    627
    
    
    $
    (1,085
    )Income (loss) per common share:Basic
    
    $
    0.02
    
    
    $
    (0.06
    )
    
    $
    0.03
    
    
    $
    (0.06
    )Diluted
    
    $
    0.02
    
    
    $
    (0.06
    )
    
    $
    0.03
    
    
    $
    (0.06
    )Weighted average common shares outstanding:Basic
    
    
    18,161,505
    
    
    
    18,091,502
    
    
    
    18,115,530
    
    
    
    18,065,671Diluted
    
    
    18,299,839
    
    
    
    18,091,502
    
    
    
    18,132,721
    
    
    
    18,065,671




---



##### 



GLOBAL TRAFFIC NETWORK, INC.
CONSOLIDATED BALANCE SHEETS
(In thousands, except share data)
 June 30,
    
    
    June 30,2010
    
    
    2009(Unaudited)
    
    
    (Unaudited)ASSETS:Current Assets:Cash and cash equivalents
    
    $
    19,564
    
    
    $
    21,419Accounts receivable net of allowance for doubtful
accounts of $69 and $150 at June 30, 2010 and
2009
    
    
    18,790
    
    
    
    15,986Prepaids and other current assets
    
    
    1,989
    
    
    
    1,421Deferred tax assets
    
    
    239
    
    
    
    208Total current assets
    
    
    40,582
    
    
    
    39,034Property and equipment, net
    
    
    6,693
    
    
    
    7,569Intangibles
    
    
    13,013
    
    
    
    17,200Goodwill
    
    
    4,257
    
    
    
    4,688Deferred tax assets
    
    
    129
    
    
    
    115Other assets
    
    
    414
    
    
    
    564Total assets
    
    $
    65,088
    
    
    $
    69,170LIABILITIES AND SHAREHOLDERS EQUITY:Current Liabilities:Accounts payable and accrued expenses
    
    $
    11,709
    
    
    $
    14,649Deferred revenue
    
    
    810
    
    
    
    1,198Income taxes payable
    
    
    1,306
    
    
    
    1,908Current portion of long term debt
    
    
    
    
    
    
    326Total current liabilities
    
    
    13,825
    
    
    
    18,081Long term debt, less current portion
    
    
    
    
    
    
    57Deferred tax liabilities
    
    
    2,747
    
    
    
    3,410Other liabilities
    
    
    349
    
    
    
    318Total liabilities
    
    
    16,921
    
    
    
    21,866Common stock, $.001 par value; 100,000,000 shares
authorized; 18,409,834 shares issued and
outstanding as of June 30, 2010 and 18,264,834
shares issued and outstanding as of June 30, 2009
    
    
    18
    
    
    
    18Preferred stock, $.001 par value; 10,000,000
authorized; 0 issued and outstanding as of June
30, 2010 and June 30, 2009
    
    
    
    
    
    
    Additional paid in capital
    
    
    51,391
    
    
    
    50,146Accumulated other comprehensive income
    
    
    389
    
    
    
    1,398Accumulated deficit
    
    
    (3,631
    )
    
    
    (4,258
    )Total shareholders equity
    
    
    48,167
    
    
    
    47,304Total liabilities and shareholders equity
    
    $
    65,088
    
    
    $
    69,170




---



##### 



GLOBAL TRAFFIC NETWORK, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
 Year EndedJune 30,2010
    
    
    2009(Unaudited)
    
    
    (Unaudited)Cash flows from operating activities:Net income (loss)
    
    $
    627
    
    
    $
    (1,085
    )Adjustments to reconcile net income (loss) to net cash provided by operating activities:Depreciation and amortization
    
    
    5,326
    
    
    
    2,547Allowance for doubtful accounts
    
    
    (81
    )
    
    
    (142
    )Non-cash compensation expense
    
    
    1,245
    
    
    
    1,154Change in deferred taxes
    
    
    (403
    )
    
    
    (188
    )Foreign currency translation income
    
    
    (101
    )
    
    
    Loss on disposal or write down of assets
    
    
    92
    
    
    
    62Changes in assets and liabilities (net of effects from purchase of controlled entity):Accounts receivable
    
    
    (2,700
    )
    
    
    (45
    )Prepaid and other current assets and other assets
    
    
    (481
    )
    
    
    (817
    )Accounts payable and accrued expenses and other liabilities
    
    
    680
    
    
    
    292Deferred revenue
    
    
    (391
    )
    
    
    (69
    )Income taxes payable
    
    
    (714
    )
    
    
    (735
    )Net cash provided by operating activities
    
    
    3,099
    
    
    
    974Cash flows from investing activities:Purchase of property and equipment
    
    
    (1,244
    )
    
    
    (1,627
    )Acquisition of business
    
    
    (3,488
    )
    
    
    (13,133
    )Net cash used in investing activities
    
    
    (4,732
    )
    
    
    (14,760
    )Cash flows from financing activities:Repayment of long term debt
    
    
    (414
    )
    
    
    (377
    )Net cash used in financing activities
    
    
    (414
    )
    
    
    (377
    )Effect of exchange rate changes on cash and cash equivalents
    
    
    192
    
    
    
    (1,959
    )Net decrease in cash and cash equivalents
    
    
    (1,855
    )
    
    
    (16,122
    )Cash and cash equivalents at beginning of fiscal period
    
    
    21,419
    
    
    
    37,541Cash and cash equivalents at end of fiscal period
    
    $
    19,564
    
    
    $
    21,419Supplemental disclosures of cash flow information:Cash paid during the fiscal period for:Interest
    
    $
    15
    
    
    $
    39Income taxes
    
    $
    5,133
    
    
    $
    3,876




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At KCSA Strategic Communications    pcarlson@kcsa.com/mcsaby@kcsa.com     At Global Traffic Network, Inc.     scott.cody@globaltrafficnet.com