iLOOKABOUT Corp. announced unaudited consolidated earnings results for the first quarter ended March 31, 2016. The Company reported that revenue increased 42% to $2,150,000 for the three months ended March 31, 2016, compared to the same period in the prior year. This increase is primarily attributable to increased licensing of third party real property related data and increased sales of derivative reports; commencement in February 2016 of a services agreement with MPAC with respect to the channel delivery of the Municipal Connect™ 2.0 platform to MPAC's municipal clients in the Province of Ontario; and increased consulting services in the first quarter of 2016 which is attributable to the launch of such consulting services in December 2014, and thus in early 2015 the client base was just beginning to be established. Comprehensive loss decreased from $619,000 to $112,000 for the three months ended March 31, 2015 as compared to the three months ended March 31, 2016. The decrease is mainly attributable to the increase in revenue discussed above and a decrease in share based compensation expense due to the one time grant of 2,233,000 options to purchase common shares of the Company, which options were granted in accordance with the Executive Chair Employment Agreement which became effective January 1, 2015, for which there was no similar amount in 2016. The decrease in comprehensive loss was offset to some extent by an increase in third party property related data licensing fees to support the generation of derivative reports and the re-licensing of this data to end customers, and an increase in a third party minimum data purchase commitment. Adjusted EBITDA, calculated by the Company as earnings before interest, tax, depreciation, amortization and share based compensation expense was approximately $52,000 positive for the three months ended March 31, 2016, as compared to a negative amount of approximately $259,000 for the same period of the prior year.