Long awaited news finally out.
October revenues well over $300,000 vs average past 9 months of $55,000.
Now a deal with Ryerson Tull worth nearly $1 million.
Looking for big things from this stock between now and Christmas.
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CompuSoft Canada Inc. (ASE: CUT)
compusoftware.com
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Metals Leader, Ryerson Tull, Inc. Chooses TraceAbility
November 1, 1999, Edmonton, Alberta -- CompuSoft Canada Inc. (ASE:CUT)
announced today that they have an agreement with North America's leading
distributor of metals, Ryerson Tull, Inc. (http://www.ryersontull.com) The
contract is valued at nearly C$1 Million for the implementation of
TraceAbility(r) Software and related services at 41 of the company's nearly
70 plants.
Beyond the revenue generated by this agreement, the company believes that
this decision by Ryerson Tull, Inc. lends significant credibility to
CompuSoft Canada Inc., its technology and its people. "Adding the industry
leader to our client list certainly positions us in achieving our goal of
becoming the metals industry standard," said Ted Power, CompuSoft's
Chairman. "Ryerson Tull is closely watched by the industry and their
strategic purchase is likely to be replicated throughout the industry."
Ryerson Tull, Inc. is North America's leading distributor and processor of
metals with 1998 annual sales of US $ 2.8 billion. The company has a
network of nearly 70 plants across the United States and Canada. Through
joint ventures, the company operates service centers in Mexico and Asia and
maintains metals trading capabilities throughout the world. In February
1999, Ryerson Tull merged with Inland Steel Industries, becoming an
independent publicly traded company.
The TraceAbility(r) Solution Series is a unique software technology
specifically designed for managing the quality assurance documentation of
metals industry clients engaged in distribution, and/or fabrication.
CompuSoft management estimates that the market for TraceAbility(r),
TraceAbility(r) Online and related services in the U.S. and Canada is
31,000 installs, equaling approximately C$1 Billion. A self-running
demonstration of TraceAbility(r) and letters of reference from satisfied
customers are available on the CompuSoft Canada Inc. Web Site at
www.compusoftware.com. CompuSoft Canada Inc. is a public company trading on
the Alberta Stock Exchange (ASE:CUT).
This release may contain forward-looking statements with risks and
uncertainties that may cause the actual results to differ materially from
those intended or anticipated by the Company. TraceAbility(r) and
TraceAbility(r) OnLine(tm) are trademarks of CompuSoft Canada Inc. The
Alberta Stock Exchange has neither approved nor disapproved the information
contained herein.
For more information contact:
Samantha Haynes
HMS Consulting
Telephone: (604) 940-2239
Facsimile: (604) 940-2274
E-mail: mailto:hms@idmail.com
or
Ted Power
Chairman, CompuSoft Canada Inc.
Telephone: (780) 413-9828
Facsimile: (780) 439-98278
E-mail: mailto:tpower@compusoftware.com |
