1st Quarter '98 results -- signs of a turnaround?
Accent Software International, Ltd., (Nasdaq: ACNTF and ACNUF) announced today that it's first quarter revenue was $705,000, a 23% improvement from the fourth quarter of last year. The company also reported that its operating loss during the first quarter improved to $1,796,000 compared with an operating loss of $3,172,000 during the prior quarter and an operating loss of $2,045,000 during the first quarter of 1997. The net loss for the quarter was $1,841,000 or $0.08 per share, compared to $5,789,000 or $0.43 per share during the fourth quarter. The net loss during the first quarter of 1997 was $2,027,000; $0.17 per share.
"The Company's products, particularly our newer offerings including
Loc@le, our translation services and WordPoint, continue to gain
acceptance in the marketplace and I believe we should see steady growth in revenue," reported Todd Oseth, Accent's President and Chief Executive Officer. "We are diligently working on obtaining additional working capital and are continuing to pursue other strategic alternatives that will help us turn the company around."
This press release contains historical information and forward-looking
statements. Statements looking forward in time are included pursuant to the "safe harbor" provision of the Private Securities Litigation Reform Act of 1995. Such statements involve known and unknown risks and the Company's actual results in future periods may be materially different from any future performance suggested herein.
About Accent Software International Ltd.
Accent Software International, Ltd. is a provider of language solutions for software products in over 30 languages. AgentSoft, Ltd., develops Internetautomation products. Products and services of both Accent and AgentSoft are provided through direct, OEM and retail hannels in most regions of the world. Accent Software was founded in 988, AgentSoft was established in 1996. |
