##### 



Exhibit 99.1
 Press Release
 Global Traffic Network, Inc. Reports Fiscal Fourth Quarter and Year-End 2007 Operating Results
 Record revenue of $9.8 million for fiscal fourth quarter 2007 Record revenue of $31.7 million
for fiscal 2007




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Conference Call
 www.globaltrafficnetwork.com www.kcsa.com




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About Global Traffic Network
 www.globaltrafficnetwork.com




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Reconciliation of Net Operating Income (Loss) to Adjusted Operating Income (Loss)
(numbers in thousands)
 
 Three Months
    
    
    Fiscal YearEnded
    
    
    EndedJune 30,
    
    
    June 30,
    
    
    June 30,
    
    
    June 30,2007
    
    
    2006
    
    
    2007
    
    
    2006Net operating income (loss)
    
    $
    555
    
    
    $
    (1,112
    )
    
    $
    (1,163
    )
    
    $
    (2,809
    )Add back:Depreciation and amortization expense
    
    $
    256
    
    
    $
    174
    
    
    $
    907
    
    
    $
    587Adjusted Operating Income (Loss)
    
    $
    811
    
    
    $
    (938
    )
    
    $
    (256
    )
    
    $
    (2,222
    )




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Global Traffic Network, Inc.
Income Statement Detail (Unaudited)
Three months ended June 30, 2007 and 2006
 2007
    
    
    2007
    
    
    2007
    
    
    2007
    
    
    2007Australia
    
    
    Canada
    
    
    UK**
    
    
    Corporate
    
    
    TotalRevenues
    
    $
    8,530
    
    
    $
    1,230
    
    
    $
    
    
    
    $
    
    
    
    $
    9,760Operating expensesTraffic
    
    
    2,904
    
    
    
    1,397
    
    
    
    220
    
    
    
    
    
    
    
    4,521News
    
    
    1,522
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    1,522TV
    
    
    165
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    165Selling, G&A
    
    
    1,477
    
    
    
    427
    
    
    
    38
    
    
    
    
    
    
    
    1,942Corporate overhead
    
    
    468
    
    
    
    (244
    )
    
    
    
    
    
    
    427
    
    
    
    651Non-cash compensation
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    148
    
    
    
    148Depreciation/amortization
    
    
    188
    
    
    
    68
    
    
    
    
    
    
    
    
    
    
    
    256Operating income (loss)
    
    
    1,806
    
    
    
    (418
    )
    
    
    (258
    )
    
    
    (575
    )
    
    
    555Interest expense
    
    
    30
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    30Other (income) expense
    
    
    (17
    )
    
    
    1
    
    
    
    1
    
    
    
    (56
    )
    
    
    (71
    )Net income (loss) before taxes
    
    
    1,793
    
    
    
    (419
    )
    
    
    (259
    )
    
    
    (519
    )
    
    
    596Income tax expense
    
    
    533
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    533Net income (loss)
    
    $
    1,260
    
    
    $
    (419
    )
    
    $
    (259
    )
    
    $
    (519
    )
    
    $
    63




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2006
    
    
    2006
    
    
    2006
    
    
    2006
    
    
    2006Australia
    
    
    Canada
    
    
    UK**
    
    
    Corporate
    
    
    TotalRevenues
    
    $
    5,231
    
    
    $
    398
    
    
    $
    
    
    
    $
    
    
    
    $
    5,629Operating expensesTraffic
    
    
    2,469
    
    
    
    1,196
    
    
    
    
    
    
    
    
    
    
    
    3,665News
    
    
    991
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    991TV
    
    
    129
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    129Selling, G&A
    
    
    1,030
    
    
    
    341
    
    
    
    
    
    
    
    
    
    
    
    1,371Corporate overhead
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    363
    
    
    
    363Non-cash compensation
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    48
    
    
    
    48Depreciation/amortization
    
    
    140
    
    
    
    34
    
    
    
    
    
    
    
    
    
    
    
    174Operating income (loss)
    
    
    472
    
    
    
    (1,173
    )
    
    
    
    
    
    
    (411
    )
    
    
    (1,112
    )Interest expense
    
    
    49
    
    
    
    50
    
    
    
    
    
    
    
    
    
    
    
    99Other (income) expense
    
    
    (9
    )
    
    
    8
    
    
    
    
    
    
    
    (159
    )
    
    
    (160
    )Net income (loss) before taxes
    
    
    432
    
    
    
    (1,231
    )
    
    
    
    
    
    
    (252
    )
    
    
    (1,051
    )Income tax expense
    
    
    135
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    135Net income (loss)
    
    $
    297
    
    
    $
    (1,231
    )
    
    $
    
    
    
    $
    (252
    )
    
    $
    (1,186
    )
 
 *
    
    Canadian Traffic Network ULC was formed July 5, 2005.**
    
    Global Traffic Network (UK) Limited was formed October 19, 2006




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Global Traffic Network, Inc.
Income Statement Detail (Unaudited)
Fiscal years ended June 30, 2007 and 2006
 2007
    
    
    2007
    
    
    2007
    
    
    2007
    
    
    2007Australia
    
    
    Canada*
    
    
    UK**
    
    
    Corporate
    
    
    TotalRevenues
    
    $
    28,425
    
    
    $
    3,274
    
    
    $
    
    
    
    $
    
    
    
    $
    31,699Operating expensesTraffic
    
    
    10,713
    
    
    
    4,982
    
    
    
    346
    
    
    
    
    
    
    
    16,041News
    
    
    5,265
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    5,265TV
    
    
    529
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    529Selling, G&A
    
    
    5,265
    
    
    
    1,873
    
    
    
    426
    
    
    
    
    
    
    
    7,564Corporate overhead
    
    
    1,771
    
    
    
    
    
    
    
    
    
    
    
    427
    
    
    
    2,198Non-cash compensation
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    358
    
    
    
    358Depreciation/amortization
    
    
    706
    
    
    
    201
    
    
    
    
    
    
    
    
    
    
    
    907Operating income (loss)
    
    
    4,176
    
    
    
    (3,782
    )
    
    
    (772
    )
    
    
    (785
    )
    
    
    (1,163
    )Interest expense
    
    
    132
    
    
    
    38
    
    
    
    
    
    
    
    
    
    
    
    170Other (income) expense
    
    
    (50
    )
    
    
    (64
    )
    
    
    1
    
    
    
    (433
    )
    
    
    (546
    )Net income (loss) before taxes
    
    
    4,094
    
    
    
    (3,756
    )
    
    
    (773
    )
    
    
    (352
    )
    
    
    (787
    )Income tax expense
    
    
    1,230
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    1,230Net income (loss)
    
    $
    2,864
    
    
    $
    (3,756
    )
    
    $
    (773
    )
    
    $
    (352
    )
    
    $
    (2,017
    )




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2006
    
    
    2006
    
    
    2006
    
    
    2006
    
    
    2006Australia
    
    
    Canada*
    
    
    UK**
    
    
    Corporate
    
    
    TotalRevenues
    
    $
    19,007
    
    
    $
    495
    
    
    $
    
    
    
    $
    
    
    
    $
    19,502Operating expensesTraffic
    
    
    9,474
    
    
    
    1,902
    
    
    
    
    
    
    
    
    
    
    
    11,376News
    
    
    3,636
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    3,636TV
    
    
    297
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    297Selling, G&A
    
    
    4,295
    
    
    
    1,008
    
    
    
    
    
    
    
    
    
    
    
    5,303Corporate overhead
    
    
    337
    
    
    
    
    
    
    
    
    
    
    
    732
    
    
    
    1,059Non-cash compensation
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    53
    
    
    
    53Depreciation/amortization
    
    
    530
    
    
    
    57
    
    
    
    
    
    
    
    
    
    
    
    587Operating income (loss)
    
    
    438
    
    
    
    (2,472
    )
    
    
    
    
    
    
    (775
    )
    
    
    (2,809
    )Interest expense
    
    
    193
    
    
    
    126
    
    
    
    
    
    
    
    
    
    
    
    319Other (income) expense
    
    
    (8
    )
    
    
    3
    
    
    
    
    
    
    
    (215
    )
    
    
    (220
    )Net income (loss) before taxes
    
    
    253
    
    
    
    (2,601
    )
    
    
    
    
    
    
    (560
    )
    
    
    (2,908
    )Income tax expense
    
    
    88
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    88Net income (loss)
    
    $
    165
    
    
    $
    (2,601
    )
    
    $
    
    
    
    $
    (560
    )
    
    $
    (2,996
    )
 
 *
    
    Canadian Traffic Network ULC was formed July 5, 2005.**
    
    Global Traffic Network (UK) Limited was formed October 19, 2006




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GLOBAL TRAFFIC NETWORK, INC.
CONSOLIDATED BALANCE SHEETS
(In thousands)
 June 30,
    
    
    June 30,2007
    
    
    2006(Unaudited)
    
    
    (Unaudited)ASSETS:Current Assets:Cash and cash equivalents
    
    $
    7,278
    
    
    $
    14,649Accounts receivable net of allowance for doubtful accounts of $93 and $11 at June 30, 2007 and 2006
    
    
    8,482
    
    
    
    4,715Prepaids and other current assets
    
    
    462
    
    
    
    350Income tax receivable
    
    
    
    
    
    
    26Deferred tax assets
    
    
    173
    
    
    
    134Total current assets
    
    
    16,395
    
    
    
    19,874Property and equipment, net
    
    
    6,568
    
    
    
    4,188Intangibles
    
    
    354
    
    
    
    29Deferred offering costs
    
    
    258
    
    
    
    Deferred tax assets
    
    
    139
    
    
    
    87Other assets
    
    
    126
    
    
    
    110Total assets
    
    $
    23,840
    
    
    $
    24,288LIABILITIES AND SHAREHOLDERS EQUITY:Current Liabilities:Bank overdraft line of credit
    
    $
    
    
    
    $
    611Accounts payable and accrued expenses
    
    
    6,032
    
    
    
    3,872Deferred revenue
    
    
    25
    
    
    
    Income taxes payable
    
    
    1,121
    
    
    
    132Current portion of long term debt
    
    
    668
    
    
    
    557Current portion of shareholder notes payable
    
    
    
    
    
    
    2,000Total current liabilities
    
    
    7,846
    
    
    
    7,172Long term debt, less current portion
    
    
    822
    
    
    
    1,286Other liabilities
    
    
    339
    
    
    
    222Total liabilities
    
    
    9,007
    
    
    
    8,680Shareholders EquityCommon stock, $.001 par value; 100,000,000 shares authorized; 12,870,000 shares issued and outstanding as of June 30, 2007 and 2006
    
    
    13
    
    
    
    13Preferred stock, $.001 par value; 10,000,000 authorized; 0 issued and outstanding as of June 30, 2007 and 2006
    
    
    
    
    
    
    Additional paid in capital
    
    
    18,527
    
    
    
    18,169Accumulated other comprehensive income
    
    
    1,198
    
    
    
    314Accumulated deficit
    
    
    (4,905
    )
    
    
    (2,888
    )Total shareholders equity
    
    
    14,833
    
    
    
    15,608Total liabilities and shareholders equity
    
    $
    23,840
    
    
    $
    24,288




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##### 



GLOBAL TRAFFIC NETWORK, INC.
CONSOLIDATED STATEMENTS OF INCOME
(In thousands except share and per share amounts)
 Three Months Ended
    
    
    Year EndedJune 30
    
    
    June 302007
    
    
    2006
    
    
    2007
    
    
    2006(Unaudited)
    
    
    (Unaudited)
    
    
    (Unaudited)
    
    
    (Unaudited)Revenues
    
    $
    9,760
    
    
    $
    5,629
    
    
    $
    31,699
    
    
    $
    19,502Operating expenses
    
    
    6,208
    
    
    
    4,785
    
    
    
    21,835
    
    
    
    15,309Selling, general and administrative expenses
    
    
    2,741
    
    
    
    1,782
    
    
    
    10,120
    
    
    
    6,415Depreciation and amortization expense
    
    
    256
    
    
    
    174
    
    
    
    907
    
    
    
    587Net operating loss
    
    
    555
    
    
    
    (1,112
    )
    
    
    (1,163
    )
    
    
    (2,809
    )Interest expense
    
    
    30
    
    
    
    99
    
    
    
    170
    
    
    
    319Other (income) (including interest income of $471, $189 and 7 for the years ended June 30, 2007, 2006 and 2005)
    
    
    (71
    )
    
    
    (160
    )
    
    
    (546
    )
    
    
    (220
    )Net income (loss) before income taxes
    
    
    596
    
    
    
    (1,051
    )
    
    
    (787
    )
    
    
    (2,908
    )Income tax expense (benefit)
    
    
    533
    
    
    
    135
    
    
    
    1,230
    
    
    
    88Net loss
    
    $
    63
    
    
    $
    (1,186
    )
    
    $
    (2,017
    )
    
    $
    (2,996
    )Income (loss) per common share:Basic
    
    $
    0.00
    
    
    $
    (0.09
    )
    
    $
    (0.16
    )
    
    $
    (0.31
    )Diluted
    
    $
    0.00
    
    
    $
    (0.09
    )
    
    $
    (0.16
    )
    
    $
    (0.31
    )Weighted average common shares outstanding:Basic
    
    
    12,870,000
    
    
    
    12,663,297
    
    
    
    12,870,000
    
    
    
    9,621,260Diluted
    
    
    13,037,830
    
    
    
    12,663,297
    
    
    
    12,870,000
    
    
    
    9,621,260
 SOURCE:
Global Traffic Network, Inc.
 tfromer@kcsa.com/lroth@kcsa.com      scott.cody@globaltrafficnet.com