Dufour,
I am not sure if you are still following or not but here is the latest press release. APRIL 3/98 I don't know how to paste this type of thing so I will copy it the best I can.
CALGARY, ALBERTA--Sterne Stackhouse Inc. ("SSX:ASE") today announced its financial results for the first quarter ended Jan. 31,1998. Labrador, the Company's core technology, and the Company's expanding Petro-LAB suite of products, continue to enjoy market success. Revenues increased 70.6 percent over the same quarter last year from $414,592 to $707,190 while net income per share increased from $0.017 per share to $0.022 per share. Comparative results are as follows:
Financial Results: Quarter ended January 31st: 1998 1997
Revenue: $707,190 $414,592
Operating expenses: $542,147 $318,845
Depreciation and Amoritzation: $83,651 $49,781
Income before taxes: $165,043 $95,747
Deferred income taxes: $42,000 $0
Net income: $123,043 $95,747
Net income per share: $0.022 $0.017
Outstanding shares 5,564,496 5,564,496
In his quarterly report to shareholders, Ron Sterne, the Company president, stated: "Although we are optimistic about our potential for strong results in 1998, which is explained in some detail in our 1997 Annual Report, we again caution you about attributing to much emphasis to quarterly reporting. Our sales cycle is sometimes as long as twelve months, and it is exceedingly difficult to reflect the success of our "real" efforts in number in quarterly increments."
Sterne Stackhouse Inc. is a Canadian Software development company which has been specializing in data retrieval technology for business since 1981. The company launched the Labrador (R) (Retriever) product in early 1993. Labrador (R) and its related product suite are solely responsible for the company's explosive growth.
I would consider this press release another step in the right direction. As always I welcome any comments.
Curtis
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