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Joe...we take'm where we find 'em<g>. Actually I have been watching this company for a long time and was impressed with the rev gain for 1998 (numbers follow)...$14.4m vs $9.7m...and they made a dime a share....and there are only 5.6m shares outstanding here w/a buyback program underway. And the CEO is looking for a good year+they made $.04 this first qtr and they have closed a number of new contracts lately (some follow) with some big names...including today's with the Flemming Co.
There was a quick run on the stock in late June (probably e-mail shenanigans) and it reached an intraday high of 1.41 that day on 235,000....but closed the day at 1.13. 52wh on close is 1.22.
I think the business now is better than it has ever been (last year's rev was a record for the company) and I think all these factors will take the stock to a new intraday and closing 52wh.
gpg
(PR Wires) DJ: ATS Money Systems, Inc. Announces Record Revenues For Ye
DJ: ATS Money Systems, Inc. Announces Record Revenues For Year Ended December
31, 1998
ENGLEWOOD, N.J., April 14 /PRNewswire/ -- ATS Money Systems, Inc. (OTC
Bulletin Board: ATSM) reported today that revenues in 1998 increased by
48.2% to $14,447,077 compared with $9,745,416 a year earlier. Equipment and
systems sales increased in 1998 to $11,781,789 from $7,114,506 in 1997.
In explaining the results for 1998, Gerard F. Murphy, the Company's
President and Chief Executive Officer stated, "Equipment and systems sales
increased 65.6%, while maintenance revenue was $2,665,288, up 1.3% from the
previous year. Additionally, during 1998, the Company developed and sold
two new products, the PowerEncode check encoding system and the ATS601, an
electronic scale for weighing currency and coins. These new products were
received very favorably throughout the industries we traditionally serve,
and enabled us to penetrate new markets and increase our customer base."
Mr. Murphy also commented on the positive outlook for the year ahead, "The
Company has expanded its sales force 46% for the 1999 year, which greatly
enhances our ability to further increase market share." Additionally, he
stated that, "$400,000 has been earmarked specifically for investment in new
product development in 1999." Lastly, he indicated that new products used
as peripherals in system sales have a lower profit margin. Greater emphasis
will be placed on system sales in 1999.
About ATS Money Systems, Inc. ATS Money Systems, Inc., with its
consolidated wholly owned subsidiary Innovative Electronics, Inc., is
engaged in the development, sale and service of currency counting systems
and equipment for department and chain stores' cash offices and bank
commercial vaults and of specialized information communications systems
primarily used by chain stores. The Company's customers are businesses that
handle large number of cash, check and credit transactions on a daily basis,
such as banks, department stores and chain stores.
CONSOLIDATED STATEMENTS OF INCOME
Year Ending December 31,
1998 1997
REVENUE:
Equipment and systems
sales $11,781,789 $7,114,506
Equipment maintenance and
service revenue 2,665,288 2,630,910
Total revenue 14,447,077 9,745,416
COSTS AND EXPENSES:
Cost of goods sold and service expense:
Equipment and systems 7,610,955 3,392,435
Equipment maintenance and
service 1,105,120 1,023,204
Selling, general and
administrative expenses 4,750,338 4,277,352
Total costs and expenses13,466,413 8,692,991
INCOME FROM OPERATIONS 980,664 1,052,425
NET INTEREST INCOME 29,695 57,086
INCOME BEFORE INCOME TAX
EXPENSE 1,010,359 1,109,511
INCOME TAX EXPENSE 437,384 443,806
NET INCOME $ 572,975 $ 665,705
EARNINGS PER COMMON SHARE
Basic and diluted $0.10 $0.11
WEIGHTED AVERAGE NUMBER OF
SHARES OUTSTANDING 5,841,531 5,872,577
SUMMARY FINANCIAL INFORMATION
December 3l, 1998 December 31, 1997
Cash and cash equivalents $286,368 $ 424,168
Other current assets 3,913,990 2,927,850
Total assets 6,100,730 5,088,230
Current liabilities 2,494,684 1,836,409
Total liabilities 2,655,098 2,025,335
Stockholders' equity 3,445,632 3,062,895
ATS MONEY SYSTEMS
Statements made in this press release, other than those concerning
historical financial information, should be considered forward-looking and
subject to various risks and uncertainties. Such forward-looking statements
are made based on management's belief as well as assumptions made by, and
information currently available to, management pursuant to the "safe harbor"
provisions of the Private Securities Litigation Reform Act of 1995. The
Company's actual results could differ materially from those expressed in or
implied by such forward-looking statements as a result of a variety of
factors, including among others those identified in the Company's Annual
Report on Form 10-KSB for the fiscal year ended December 31, 1998. A copy
of such Annual Report is obtainable from the EDGAR database internet web
site maintained by the Securities and Exchange Commission at
sec.gov. Additional factors that could cause or
contribute to such differences include general economic conditions, economic
conditions in the industries in which the Company's customers compete, a
determination by the Company's customers to prolong the test cycles of the
Company's equipment, software and software support services and a
determination by the Company's customers to modify or change their
underlying computer and cash reporting systems. The Company undertakes no
obligation to release publicly the results of any revisions to its
forward-looking statements that may be made in this press release to reflect
events or circumstances occurring after the date of this press release or to
reflect the occurrence of other unanticipated events.
/CONTACT: Gerard F. Murphy, President and CEO of ATS Money Systems, Inc.,
201-894-1700, or fax, 201-894-0958/
16:21 EDT
*** end of story ***
ATS Money Systems, Inc. Provides Weis Markets, Inc.
With ATS-601 Electronic Coin & Currency Counter
ENGLEWOOD, N.J., July 8 /PRNewswire/ -- ATS Money Systems, Inc., (OTC Bulletin Board: ATSM - news) announced
today that it has entered into a contract with Weis Markets, Inc., to provide its grocery stores with the ATS-601 Electronic
Coin & Currency Counter and an interfaced audit trail printer. The ''mini-settlement system'' will result in labor savings and
reduced counting errors. Rollout of the ATS-601 is currently underway.
Weis Markets, Inc., headquartered in Sunbury, Pennsylvania, with annual revenues of approximately $1.8 billion, operates
about 160 grocery stores, most of which are located in Pennsylvania. Mr. James H. Halpin, Executive Vice President of ATS
Money Systems, Inc., commented, ''We are delighted to add Weis Markets to the growing list of supermarkets using the
ATS-601 Electronic Counting Scale to cut the cost of verifying register receipts and handling cash in stores. During 1999, ATS
has installed its electronic counting scale in Weis Markets, Inc., Top's Markets, The Kroger Company, Nash Finch & Co., and
other retailers. The supermarket industry provides an exciting new market for our products as we continue to consolidate our
position as a leading provider of cash and check processing equipment.''
ATS Money Systems, Inc., is engaged in the development, sales and service of currency counting systems running on DOS,
UNIX Windows 95 and Windows NT platforms for department and chain store cash offices. Its wholly owned subsidiary,
Innovative Electronics, Inc., is a major supplier to the retail marketplace, providing and end-to-end solution that integrates
point-of-sale, in-store processing and host applications in a distributed computing network.
ATS Money Systems, Inc., Provides Tops Markets,
Division of Ahold USA, With ATS-601 Electronic Coin & Currency
Counter
ENGLEWOOD, N.J., July 6 /PRNewswire/ -- ATS Money Systems, Inc., (OTC Bulletin Board: ATSM - news) announced
today that it has entered into a contract with Tops Markets, Division of Ahold USA, to provide its grocery stores with the
ATS-601 Electronic Coin & Currency Counter. The ''mini-settlement system'' is expected to result in labor savings and
reduced counting errors. The total amount of the contract is in excess of $130,000. Rollout of the ATS-601 is currently
underway.
Tops Markets, headquartered in Williamsville, New York, is one of the Divisions of Ahold USA, the American Division of
Royal Ahold, one of the world's largest food retailers. Tops Markets operates about 240 stores in New York and Ohio. Mr.
James H. Halpin, Executive Vice President of ATS Money Systems, Inc., commented, ''We are encouraged about the
continued acceptance of the ATS-601 Electronic Counting Scale in the supermarket and other retail markets. We are delighted
to add Tops Markets as an ATS client and are excited about the potential for the use of our electronic counting and check
encoding technology in the supermarket industry.''
The ATS-601 has been installed in other companies such as: Wendy's, White Castle, Nash Finch Company, Musicland,
Arby's, Ames Department Stores, T. J. Maxx, Carson Pirie Scott & Co., Pilot Corporation and The Kroger Company.
ATS Money Systems, Inc., Provides The Kroger
Company with ATS-601 Electric Coin & Currency
Counter
ENGLEWOOD, N.J., June 17 /PRNewswire/ -- ATS Money Systems, Inc., (OTC Bulletin Board: ATSM - news)
announced today that it has entered into a contract with The Kroger Company to provide its Michigan KMA grocery stores
with the ATS-601 Electronic Coin & Currency Counter and an interfaced dot matrix printer. The ''mini-settlement system'' is
expected to result in labor savings and reduced counting errors. The total amount of the contract is in excess of $125,000.
Rollout of the ATS-601 is currently underway.
The Kroger Company, headquartered in Cincinnati, Ohio, with annual revenues of approximately $28.2 billion, is the nation's
largest supermarket company as measured by total annual sales. Mr. James H. Halpin, Executive Vice President of ATS
Money Systems, Inc., commented, ''We are encouraged about the continued acceptance of the ATS-601 Electronic Counting
Scale in the supermarket and other retail markets. We are delighted to add The Kroger Company as an ATS client and are
excited about the potential for the use of our electronic counting and check encoding technology in the supermarket industry.'' |
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