Heartsoft, Inc. Reports Profitable First Quarter
October 29, 1998 12:44 PM
TULSA, Okla., Oct. 29 /PRNewswire/ -- Heartsoft, Inc. HTSF , announced today that the company saw an increase in Net Revenues of 19% for the first fiscal quarter ending June 30, 1998.
Net Revenues were $324,200 for the first quarter of fiscal 1998 compared to Net Revenues of $272,200 for the same quarter ending 1997. Net Income for the quarter was $79,000 compared to $74,300 for the first fiscal quarter of 1997.
"We are pleased that the company has remained profitable during the quarter ending June 30, 1998. With the tremendous costs associated with the roll out of our new critical thinking skills software, Thinkology(R), we are seeing a continued strong interest from educators in our preexisting product lines as well as indications that Thinkology will be a record breaking product for the company," said Heartsoft Chairman & C.E.O., Benjamin Shell.
"Over the last few months Thinkology has received strong media coverage including highly favorable reviews. Thinkology received coverage in the October, 1998 issue of FamilyPC magazine, and we have heard that the product will receive an A+ review in another major industry magazine."
Heartsoft, Inc. publishes, and distributes a diverse line of multi media curriculum-based product for schools and parents nationwide. Headquartered in Tulsa, Oklahoma, Heartsoft is acknowledged among educators as the price- vs.- performance leader -- delivering such products classics as the Heartsoft Bestseller and its new release Thinkology with unsurpassed customer service and customer loyalty. The company's stock is traded on the OTC Bulletin Board under the symbol HTSF. Heartsoft's web sites are located at heartsoft.com and thinkology.com.
SOURCE Heartsoft, Inc.
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