Here is release that ran just a min ago...coupled w/yest release=higher prices......stock around 9/16:
(COMTEX) B: CTIG Announces 23% Increase in Revenues and a Return to P
B: CTIG Announces 23% Increase in Revenues and a Return to Profitability for
Its Quarter Ended June 30, 1999
VALLEY FORGE, Pa., Jul 27, 1999 (BUSINESS WIRE via COMTEX) -- CTIGroup
(Holdings) Inc. (OTC:CTIG) reported a 23% increase in revenues to
$2,003,117 for its first quarter ended June 30, 1999 as compared to $1,
626,510 for the corresponding period in 1998.
The Company also reported a net income of $135,457 as compared to a net
loss of ($340,880). Net income per common share was $0.02 compared to a
net loss of ($0.05) per share. The return to profitability was
primarily achieved through increased generation of revenues and
operational efficiency.
Commenting on the results Mr. Johns, Chairman and CEO, stated "The
final stage of our cost cutting efficiency program has now been
completed in our recently acquired UK business operation. However, the
quarter being reported does not reflect the full benefit of these
operational savings.
Therefore, these efficiency measures implemented, coupled with a
continued growth in demand for our products and services, lead us to
anticipate a further improvement in our operating results for the
coming quarter.
Having stated this we should caution the Company is unable to unlock
the full upside potential of its products and services, primarily in
the newly emerging convergent internet/telephony billing market, due to
its current working capital deficit. We are therefore exploring various
alternative opportunities to remove these restrictions in order to
enhance shareholder value."
This release contains forward-looking statements that involve risks and
uncertainties. These statements may differ materially from actual
events or results. Readers are referred to documents filed by CTIG with
the U.S. Securities and Exchange Commission, specifically the most
recent Form 10-KSB.
Copyright (C) 1999 Business Wire. All rights reserved.
-0-
CONTACT: CTI Group (Holdings) Inc.
Anthony P. Johns - Chairman & CEO, 610/666-1700
Fax: 610-666-7707
WEB PAGE: businesswire.com
GEOGRAPHY: PENNSYLVANIA
INDUSTRY CODE: COMPUTERS/ELECTRONICS
COMED
TELECOMMUNICATONS
EARNINGS
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
(COMTEX) B: IBM Endorses CTI Software
B: IBM Endorses CTI Software
VALLEY FORGE, Pa., Jul 26, 1999 (BUSINESS WIRE via COMTEX) -- CTIGroup
(Holdings) Inc. (OTC:CTIG) today announces that its UK subsidiary CTI
Data Solutions Limited has won an order with IBM UK Ltd to supply its
Cpro call management system to ICI Chemical and Polymers Ltd, one of
IBM's premier accounts.
CTI will provide its Windows NT, Cpro application as an upgrade to the
non-Year 2000 compliant call management systems currently being used by
ICI to provide management information on their telecommunications
network.
"Since ICI is one of our most prestigious accounts, we spent
considerable time evaluating the call management products offered by
many of the UK's maine manufacturers," explains Wendy Proctor, Network
Specialist. "We selected CTI's product because it is functionally
superior and well-proven in the Windows NT environment. CTI's attention
to detail throughout our tender process was unmatched, as is their
flexibility to accommodate the increasingly sophisticated needs of our
customers. We look forward to working with CTI with more of our
customers in the future."
"Our call management products have always been regarded as the most
advanced available," explains Tony Johns, CTI's Chairman and CEO. "This
contract underlines our leadership in the high-end business market. We
are also working with IBM to offer a CTI-enabled Directory solution
that works alongside our call management to provide a corporate address
book with screen-popping functionality."
This release contains forward-looking statements that involve risks and
uncertainties. Theses statements may differ materially from actual
future events or results. Readers are referred to documents filed by
CTIG with the U.S. Securities and Exchange Commission, specifically the
most recent Form 10-KSB.
For more information, contact: Tony Johns, Chairman and CEO, CTI Group
(Holdings) Inc., Valley Forge, PA 19484-0360, Tel. 610/666-1700, Fax
610/666-7707.
Copyright (C) 1999 Business Wire. All rights reserved.
-0-
CONTACT: CTI Group (Holdings) Inc., Valley Forge
Tony Johns, Chairman and CEO, 610/666-1700
fax: 610/666-7707
WEB PAGE: businesswire.com
GEOGRAPHY: PENNSYLVANIA INTERNATIONAL EUROPE
INDUSTRY CODE: COMPUTERS/ELECTRONICS
COMED
TELECOMMUNICATIONS
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
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