DelSoft Consulting Reports Third Quarter Results; Revenues Increase By 318%
PR Newswire - April 09, 1998 13:12
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ROSWELL, Ga., April 9 /PRNewswire/ -- DelSoft Consulting, Inc.
(OTC Bulletin Board: DSFT) today announced its unaudited results for the third
quarter of fiscal 1998. Revenues for the three months ended March 31, 1998
were approximately $2,962,000, which represents a 318% increase in revenues
over the prior year's third quarter. Pre-tax income for the third quarter was
approximately $315,000.
Revenues for the nine months ended March 31, 1998 were approximately
$8,110,000, which represents a 208% increase over revenues of approximately
$3,900,000 for the comparable prior year's period. Pre-tax income for the
nine month period was approximately $535,000, compared to $360,000, for the
same period last year.
"The Company remains on target to achieve our stated goal of generating
$10 million in revenues for fiscal 1998," said Jeffrey A. Rinde, Chief
Financial Officer of DelSoft Consulting, Inc. "We are successfully using the
Y2K problem as a way of developing long-term relationships with our customers,
so that after the year 2000 these companies utilize our consulting services on
their future software development projects. The Company has made a commitment
to its clients and shareholders to grow a company that provides the most
professional and economical services to ensure a profit margin that helps our
shareholders realize a return on their investment."
DelSoft Consulting, Inc. will file its Form 10 which will make the Company
a reporting company before the end of April.
DelSoft Consulting, Inc. is a systems integration, software engineering
and development firm. The Company also provides "Year 2000" consulting
services.
Forward-looking statements in this release are made pursuant to the "safe
harbor" provisions of the Private Securities Litigation Reform Act of 1995.
Investors are cautioned that such forward looking statements involve risks and
uncertainties, including without limitation, continued use of the Company's
services, and the continued availability of labor resources.
SOURCE DelSoft Consulting, Inc.
/CONTACT: Jeffrey A. Rinde of DelSoft, 770-518-4289; or Barry S. Kaplan
of Barry Kaplan & Associates, 732-747-0702/
/Web site: delsoft.com
(DSFT) |
