CompuSoft achieves record month
CompuSoft Canada Inc CUT
Shares issued 15,720,356 1999-11-19 close $0.44
Monday Nov 22 1999
Mr. Ted Power reports
Contracts for the month of October, 1999, have reached a new high for the company. At $1,131,254, contracts for the month increased 598 per cent over the previous month and 858 per cent over the same month of the previous year.
"A few months ago, we announced the addition of Terry Allen, vice-president, sales, to our corporate executive. Terry Allen was brought on to build a sales team and lead the company through to dramatic sales growth," said Ted Power, chairman, CompuSoft Canada. "We're now beginning to see the tangible results of this effort. This ramp-up sales curve is often experienced by software companies that are verging on widespread industry acceptance. The company believes that TraceAbility and TraceAbility OnLine sales are poised for increasingly dramatic growth."
October contracts are from Ryerson Tull Inc., the largest metals distributor in North America, Russel Metals, one of the largest steel distribution companies in North America, and Price Steel.
"The goal of CompuSoft was to make TraceAbility the industry standard. By having two of the largest players in the business choose TraceAbility, it indicates we have reached our goal. Our next goal is to dominate the entire metals industry," said Garvin Weber, president, CompuSoft Canada Inc.
The TraceAbility 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, TraceAbility Online and related services in the United States and Canada is 31,000 installs, which equal approximately $1-billion (Canadian). A self-running demonstration of TraceAbility and letters of reference from satisfied customers are available on the CompuSoft Canada Web site at www.compusoftware.com. |
