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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)
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To: Jack Zahran who wrote (3844)10/10/1997 11:49:00 AM
From: Jack Zahran   of 31646
 
Good News from the 10K:

The successful introduction of the Y2KOne-TM- program will bring a new revenue stream into the organization. In addition to consulting and implementation revenues, the Company expects to receive licensing fees from the sale of its proprietary software tool kits and access to its database.
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Interest expense increased by $607,000 to $987,000 for the year ended June 30, 1997 when compared to the previous year. The increase is due to the debt financing incurred to support the working capital needs of the acquired companies and the bank credit lines and notes assumed as part of the acquisitions. Subsequent to June 30, 1997, the holder of $2,685,000 of long-term convertible debt elected to convert it to common stock. This reduction in debt will contribute to lower interest costs in future years.
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The Company expects that its growth and acquisition strategy will continue to provide opportunities to improve earnings through volume increases and greater operating efficiencies at both the direct and overhead expense levels.

The Company has undertaken a number of programs to effect the sharing of resources and technologies among branch locations and markets. The
beneficial effect of these programs is not always immediate and will take time to have a significant cumulative effect. Management believes that a positive impact of these programs can be achieved in the near-term future.
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