eOptimize(R) Reports Record Second Quarter Results
* 3 cents for the six months. seems undervalued.
Increased revenue and earnings over Q1 results
KAMLOOPS, BC, Dec. 18 /CNW/ - eOptimize Advanced Systems Inc.
(TSX-VEN:EOP), the smart scheduling company, today announced the availability
of its Second Quarter 2004 financial results for the period ended October 31,
2003.
Revenue for the second quarter was a record $898,603 bringing the
year-to-date total to $1,579,098. Net income was a record $388,262 (with
year-to-date earnings of $758,544) as compared to a net loss of $397,128 for
the same reporting period last year.
"The second quarter is in line with management's expectations and we are
very pleased with the result," said Dave Harestad, President and CEO of
eOptimize. "Our ongoing efforts are beginning to pay off as we focus on
business initiatives essential to building sustainable revenue. While we
remain optimistic about our future prospects for our products and services and
our growth potential, we are in a transition phase and, as such, we expect our
revenue streams to vary as our sales capabilities and market penetration
continue to develop in the months ahead."
Complete financial statements for the second quarter ended October 31,
2003 are available on the company's web site (www.eoptimize.com) as well as on
SEDAR at www.sedar.com.
About eOptimize
eOptimize is the smart scheduling company. It specializes in critical
resource and activity scheduling solutions that are well-suited for
enterprises in a variety of industry sectors. Through its wholly-owned
subsidiary, eOptimize Inc., eOptimize Advanced Systems Inc. develops
award-winning products that offer advanced mathematical optimization
capabilities on the Microsoft .NET platform to schedule corporate activities
while optimizing the allocation and utilization of people, equipment and
locations in real-time. For more information, please visit our web site at
www.eoptimize.com.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
eOptimize and About:Time are either registered trademarks or trademarks
of eOptimize Inc., a wholly owned subsidiary of eOptimize Advanced Systems
Inc. Other product or service names mentioned herein are the trademarks of
their respective owners.
For further information: Dave Harestad, President and CEO, Tel.
(250) 377-3500, Fax: (250) 377-3577 |
