Gordon,
In the prior press release below, Pierre Narath mentioned his two prong strategy to increase shareholder value. ( He is the largest shareholder now ).
Interested to know how the company's new versions of Fast Move and Wincheckit are doing. I know that TSSW received a contract for Card Ware with SCM. Lets hope this side of the business can continue to grow. ( Revenue was up 40% for the first 9 qtrs )
TouchStone Software CEO Pierre A. Narath Interviewed on Wall Street News Cast Narath Comments on Company's Investment Strategy, Product Line and Future Plans
NORTH ANDOVER, Mass., Jan. 4 /PRNewswire/ -- TouchStone Software Corporation's (OTC Bulletin Board: TSSW) Chairman, President, and CEO Pierre A. Narath was interviewed today by Tom Bustamante of Wall Street News Cast, a prestigious online financial forum. Narath spoke about TouchStone's products, investment strategy and future plans. The interview can be found in the "New Interviews" section on wallstreetnewscast.com .
Narath outlined the company's two-pronged strategy for growing the business and increasing shareholder value, which consists of expanding sales of the diagnostic software product line and investing in business-to-business e-commerce companies.
Narath also detailed the distribution strategy for the company's line of PC diagnostic software products, which features WinCheckIt and FastMove! 2000. These products are now available through retail outlets such as Best Buy, CompUSA, Frye's and Micro Warehouse, and also from the company's Web site at checkit.com . Narath commented that the company plans to focus on expanding product sales through the direct and OEM channels. Narath expressed a goal of having CheckIt as an assembly line quality assurance certification for new PCs. The CheckIt Certification would serve as a quality seal, indicating that the PC is 'CheckIt certified.'
Narath further commented on the company's strategy to invest in business-to-business e-commerce companies, stating the company has taken an equity position in one firm already, and more investments are to come. Narath noted that the business-to-consumer segment of the Internet marketplace is saturated and unprofitable, whereas the business-to-business segment has a much better profitability model.
Narath concluded the interview by outlining the company's strategic goals for 2000 as expanding the product line and customer base, and identifying additional investment opportunities to create liquidity and increase shareholder value.
About TouchStone Software
TouchStone Software Corporation is a leading developer of innovative software designed to help people use complex technologies. The company's products, which include CheckIt 98, CheckIt Diagnostic Suite, CheckIt NetOptimizer, and FastMove!, are distributed worldwide through the retail, VAR, distributor, direct and OEM sales channels. TouchStone's corporate headquarters are located at 1538 Turnpike Street, North Andover, MA 01845, with a branch office in Europe, located at Sonnenstrasse 26B 85622 Feldkirchen, Germany. Additional information aabout TouchStone Software is available at touchstonesoftware.com .
About Wall Street News Cast
Wall Street News Cast, Inc. is a NY State Corporation that employs and represents professionals specializing in Finance, Business Development and Internet Business Development. Wall Street News Cast, Inc. operates in the heart of the financial world, NYC. Wall Street News Cast, Inc.'s main portal of business is operated through its web site; wallstreetnewscast.com or with the same address ending with .net or .org. Wallstreetnewscast.net is a newly developed site devoted to the principal business model of conducting story telling formatted interviews with Small Cap to Mid Cap companies that have important news and upcoming events. Wallstreetnewscast.net is free to anyone and everyone with Internet connectivity to us.
WSNC is also exploring Ecommerce opportunities as well as Internet Partnerships and Co-Branding. WSNC strives to make professional relationships with every company we interview in hope of spreading the word about WSNC to the Internet Finance Community.
For more information, contact Rich West of TouchStone Software Corporation, 978-686-6468, rich_west@unicore.com; or Steve Simon of S&S Public Relations, 847-955-0700, steve@sspr.com, for TouchStone Software
--------------------------------------------------------------------------------
SOURCE: TouchStone Software Corporation
CONTACT: Rich West of TouchStone Software Corporation, 978-686-6468, rich_west@unicore.com; or Steve Simon of S&S Public Relations, 847-955-0700, steve@sspr.com, for TouchStone Software |
