MVSI - AN UNDISCOVERED GEM Message Board

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Technology Stocks : MVSI - AN UNDISCOVERED GEM

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To: Will Lyons who wrote (537)	9/4/1998 2:38:00 PM
From: Mark Ambrose	Read Replies (1) of 627

For the record, here's a link and the Reuters news on MVSI. biz.yahoo.com ---------------------------------------------------------------------- Friday September 4, 10:58 am Eastern Time MVSI sees net profit, record rev in Q4 VIENNA, Va., Sept 4 (Reuters) - MVSI Inc. said Friday that it sees record revenues of about $17 million and a net profit in the fourth quarter amid new customer growth. The technology company said in a statement that it posted a loss of $0.16 per share in the fourth quarter of 1997 on revenues of $10 million. For the fiscal year ending September 30, the company forecasts revenues of about $60 million versus $40 million a year before. MVSI said it expects to maintain or exceed the year's 50 percent growth rate in its next fiscal year beginning October 1. The company also said it sees an increase in profitability from internal operations irrespective of any acquisitions. The company said it thinks its stock is undervalued given its growth rate and profitability forecasts. Its stock was at 3-3/16, down 1/16 on the day, in morning trading. MVSI performs computer software engineering and development for systems applications, including Year 2000 remediation solutions.

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