We have now completed our time in purgatory! Now let's start to recapture some of that momentum we had before! Great News! Really Great News!
Crazy Canuk
Edit: Stockwatch now has the full Bids & Asks listed!
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ADVANCED SYSTEMS INTERNATIONAL ANNOUNCES
LISTING ON OTC BB: ADSN
Southfield, MI - September 09, 1999 - Advanced Systems International ("ASI")
(OTC BB: ADSN), a leading provider of enterprise software solutions, today
reported that it will immediately begin trading on the OTC BB as ADSN as a
result of it's Form 10 SB filing document having been "cleared" by the NASD.
The company's Form 10 SB and 10 Q for the second quarter can be viewed at
www.advsysintl.com.
Gerry Pesut, president and CEO of ASI, said, "Becoming a reporting issuer
allows us to provide investors with detailed information on the Company. As
we go forward in our growth phase, ASI is looking forward to maintaining
open communication with our investors, especially through the important
medium of the Internet. I would again like to thank our investors for their
continued support. I believe the growth and profitability we have reported
for the first two quarters justifies the confidence many of our investors
have had in ASI."
In his comment, Pesut was referring to the recently released second quarter
1999 revenues of $2,202,377 compared to $647,312 for the same period in
1998. This was a 25% increase over the first quarter of 1999 and a 240%
increase from Q2 1998. Net earnings for the second quarter 1999 were
$375,353 ($0.03 per share). Total revenues for the first half of 1999 were
$3,964,637, compared to $961,313 for the first half of 1998. Total earnings
for the first half of 1999 were $681,695 ($0.06 per share), compared to a
loss of $363,451 ($0.04 per share) for the first half of 1998.
Advanced Systems International is a leading supplier of mission critical
application solutions for the enterprise-processing environment. Solutions
include: the ATServer©, time and attendance/labor allocation application,
that addresses the time collection and labor management needs of large scale
environments; and the ATLink(tm) product, designed to support
business-to-business electronic commerce, by enabling the collection,
communication and integration of critical data on varying database platforms
and/or operating systems.
ASI's cost-effective, comprehensive product offering encompasses the
application software, hardware, implementation services and on-going support
necessary for rapid deployment of enterprise-wide distributed processing.
Key markets include: automotive, automotive supply, packaged goods,
pharmaceuticals, paper products, food processing and other manufacturing
industries. The company markets its products through direct sales and in
conjunction with strategic partners.
Investor Relations:
Quentin Mai
Telephone: (248) 263-0000
Toll Free: (888) 399-7000
qmai@advsysintl.com
www.advsysintl.com
In conjunction with the provisions of the new "Safe Harbor" section of the
Private Securities Litigation Reform Act of 1995, this news release may
contain forward-looking statements pertaining to future anticipated
projected plans, performance and developments, as well as other statements
relating to future operations. All such forward-looking statements are
necessarily only estimates of future results and there can be no assurance
that actual results will not materially differ from expectations. Further
information on potential factors that could affect Advanced Systems
International, Inc. is included in the company's Form 10 filed with the
Securities and Exchange Commission. |
