Q2 results
ACD SYSTEMS INTERNATIONAL INC. ( CDNX Symbol - "ASA")
December 01, 1999
ACD Systems Continues to Increase Profits from the Internet
Victoria, British Columbia--ACD Systems International Inc. (CDNX:ASA) releases
second quarter results for the period ending September 30, 1999. Revenue of $1,813,345
for the six month period is nearly double the $976,176 for the comparable period in 1998.
Net income of $403,204 has also increased from $259,720 for the comparable period in
the prior year.
ACD's formula for generating Internet-level growth, while simultaneously realizing
impressive profits, is unique in the industry.
"We are pleased that these levels of revenue and profit growth have been achieved in a
period of substantial research and development investment by the Company and the
culmination of the intense development of our latest instant messaging product, ACD
Express Communicator. In addition, the last six months have seen the acquisition of the
management talent necessary to take ACD to the next level of growth", said the
President and CEO, Doug Vandekerkhove.
Kevin Hawe, recently hired as Vice-President of Sales and Marketing, noted that "we
typically see about 70% of our annual sales in the second half of our fiscal year. Add
this to the big win we expect when our partner, Canon, ramps up their retail push in
Japan in January, 2000, and the prospects for continued growth are indeed excellent for
ACD."
Effective November 1999, ACD has also added Mike Zelen as the company's Chief
Financial Officer. Mike brings his extensive experience as a Chartered Accountant and
Chartered Business Valuator, along with two years as the Chief Executive Officer of an
international software company, to the ACD team.
ACD Systems International Inc. (CDNX:ASA) develops and markets the world's leading
suite of digital image viewing products. Similar industry prominence and customer
penetration is anticipated with the release of ACD's new instant messaging product,
ACD Express Communicator. ACD's website is located at www.acdsystems.com.
For further information, contact Martin Winstanley, Vice President Corporate Affairs, at
(250) 382-5828, or by electronic mail at: martin@acdsystems.com.
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