Accent is Coming to America!
I take this article as a further positive sign that the directors of Accent are committed to turning this company around. Finally, today someone started buying the stock -- it particularly gained strength in the last hour of trading and closed up about 15%. Accent will soon be releasing its year end report -- they haven't done so to date and must release the report by the end of March under SEC regulations.
===================================
From the March 18, 1997 Colorado Springs Gazette Telegraph found at www1.gazette.com
"Israeli software firm moves headquarters to
Springs" by Joanna Bean
An Israeli software company has moved its headquarters to Colorado Springs as part of a restructuring effort, with plans to employ up to 45 people here by the end of 1998.
Accent Software International Ltd. set up its headquarters at 2864 S. Circle Drive this month with two employees. The 9-year-old company has developed two lines of software -- one that translates languages, another that conducts Internet searches for specific information.
Accent recently hired a new president and chief executive officer, Todd Oseth, who's been charged with turning Accent into a moneymaker.
Oseth said he chose Colorado Springs for Accent headquarters because of its large concentration of
software operations -- the biggest of which is MCI Communications Corp.'s software development and systems engineering division.
Also, Oseth said, Colorado Springs offers a central location for Accent, which after years of focusing on software development is now gearing up sales and marketing.
Accent plans to employ 10-15 here this year, then grow to 30-45 by the end of 1998, he said. The
company has 90 workers worldwide, he said.
Oseth announced Accent's move during a monthly meeting of the Greater Colorado Springs Economic Development Corp., which has helped Accent set up its local operation.
Oseth is no stranger to Colorado Springs. He worked for a subsidiary of Colorado Springs-based Ramtron International Corp. until 1995, when he left to head Sony's personal computer start-up company. Ramtron is a semiconductor company.
Accent was founded in Jerusalem in 1988. The facility there will focus on research and development. The Colorado Springs headquarters will house corporate offices, sales and marketing personnel and software engineers responsible for building products.
Accent's language translation software is aimed mostly at business users. It enables users to switch to another language in the middle of a document, check spelling in 15 languages and translate just one word at a time. Accent's Internet software features "intelligent agents" that help users get exactly the information they want from the Internet.
Accent reported revenue of $603,000 in the quarter ended Sept. 30, down from $1.3 million in the 1995 quarter. The company lost $5.7 million, or 59 cents per share, in the 1996 quarter. That compared to a loss of $1.5 million, or 20 cents per share, in the 1995 quarter. Accent's stock is traded on Nasdaq under the symbol ACNT. |
