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Gold/Mining/Energy : IDS Intelligent Detection Systems (ISD.TO)

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To: Joe Cool who wrote ()8/10/1999 9:45:00 AM
From: Michael Block  Read Replies (1) of 149
 
Dear Threaders:

IDS Intelligent Detection Systems, Inc. had a teleconference call at 8:30AM today. The call was to present and discuss the results of the second quarter which reported a revenue increase of 136% over the same quarter last year. One of the questions asked was related to the receivables of $15.3 million. Mariusz Rybak, CEO of IDS responded saying that the receivables are backed by Letters of Credit and performance Bonds thus risk less. The other key question had to do with revenues for the balance of the year. Sanjay Ratnavale, CFO, commented that they will do $46+ million in 1999.
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