Excerpts from USTI SEC filings that make compelling case for strong
growth.
The Company has completed the development of several new software
products which significantly enhance the competitiveness of its
comprehensive software offering. These products are marketed under the asystTM brand name, were developed as Windows applications to "look and work like Microsoft Office", and include a new Fund Accounting system including General Ledger, Budget XLence, Report XLence, Accounts Payable, Accounts Receivable, Purchase Orders,
Cash Receipts, Payroll and Utility Billing. The Company is currently
developing its asystTM Public Safety product line to add to its existing Fund Accounting offering in the Windows environment. The Company anticipates that the initial packages will be released in the 2nd quarter of 1998. The Company derives its revenue principally from (i) licensing of its software packages, (ii) installation, training and customer support, (iii) maintenance agreements, and
(iv) equipment and supplies sales.
The software applications offered by the Company consist of a
comprehensive line of management information systems which were
developed to specifically meet the unique requirements of local governmental entities. The software applications of the Company are offered through its LegacyTM, QuestTM and asystTM product lines. The LegacyTM product line operates on the IBM mid-range computer systems, including the AS/400 and the Advanced/36.
The QuestTM product line operates in a single user or small network PC DOS environment.
The asystTM product line operates in a single user or network
Windows environment. An initial software sale typically averages between $1,500 and $40,000. The cost of the related hardware varies depending on the type of machine purchased as well as the amount of memory capacity, peripheral equipment and optional features obtained on the machine.
Asyst line of software products from United Systems Technologies [USTI] link:
unitedsystech.com
The Company's customers are primarily municipal governments with
populations between 1,000 and 100,000, county governments, police
departments, emergency medical services providers and municipal court systems. The Company currently has approximately 1,500 customer installations nationwide. USTI proposes computer equipment when selling its software, but the customer may obtain their computer equipment from a hardware manufacturer or dealer and then
purchases one or more software modules from the Company.
USTI Website link:
unitedsystech.com
Joe Copia's Thread Header is great crash course on USTI, derived from
SEC filings. Link to Thread:
Subject 20880
Rande Is |
