CLSI news: Profits and contract, too for St. Peterburg, Fla.
(COMTEX) B: Clancy Systems International Announces Year-End Results
B: Clancy Systems International Announces Year-End Results
DENVER, Dec 27, 1999 (BUSINESS WIRE) -- Clancy Systems International's
(OTCBB:CLSI) President Stanley Wolfson is pleased to announce year-end
results with net income for year ended September 30, 1999, is $163,836
as compared to a loss of $28,028 for fiscal 1998.
Income for year ended 9/30/99 was $326,201 less adjustments for
interest, deduction for obsolete equipment and a loss from its
equity-based partnership, Urban Transit Solutions in Puerto Rico.
Revenues for fiscal 1999 increased 29% over fiscal 1998.
The Company also announces it has entered into a parking citation
issuance and processing contract with the city of St. Petersburg, FL.
The Company anticipates the system will be fully operational by January
31, 2000. At the same time the Company will install a system at the
Orlando, FL, airport. This steps up the program for the City of Orlando
to cover all facilities.
Copyright (C) 1999 Business Wire. All rights reserved.
Distributed via COMTEX.
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CONTACT: Clancy Systems International, Denver
Stanley Wolfson, President, 303/753-0197
website: www.clancysystems.com
email: clancy@clancysystems.com
WEB PAGE: businesswire.com
GEOGRAPHY: COLORADO FLORIDA
INDUSTRY CODE: EARNINGS
COMPUTERS/ELECTRONICS
HARDWARE
SOFTWARE
GOVERNMENT
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