Points of interest:
plans to continue to acquire systems integration companies
selectively to further its original objectives, as well as obtain additional complementary product and consulting practice expertise.
Control systems:
Information systems:
Consulting:
TAVA proprietary products:
Sales and marketing: (National)
During fiscal 1998, TAVA provided information and control systems and other technical services to national firms including the following:
Coca-Cola, Merck, Hershey, IVAX, Kimberly Clark, Kraft, Boeing, Hewlett Packard, Georgia Pacific, Cyprus Minerals, Lipton
In addition, during fiscal 1998, TAVA provided Year 2000 products and services to national firms including the following:
General Motors, Weyerhaeuser, Koch Industries, Chevron, Amgen, Bayer Corp, Boeing, Bristol-Myers-Squibb, Polaroid Corp, Kraft, Johnson & Johnson, Kennecott Minerals/Utah
Copper
Strategic alliances and other ventures:
At June 30, 1998, TAVA had agreements with 23 Solution Provider Partners in locations ranging from Asia to Europe and Africa, providing the Company with an additional resource pool of more than 1000 personnel.
A number of projects have already been identified for pursuit with an alliance partner.
Through June 30, 1998, TAVA/Beck has executed agreements with 16 clients
TAVA/ Beck did not have any direct financial impact on TAVA during fiscal 1998. The Company expects a financial contribution from this entity to begin during the first quarter of fiscal 1999.
TAVA did not receive any license income from CMED during fiscal 1998. License revenues from this activity are expected beginning in the second quarter of fiscal 1999.
TAVA believes that through its acquisition strategy, it has assembled a broad range of market expertise which, when combined with its large resource base and diverse geographical presence, gives it competitive advantages over many other firms. Because of its resource base, TAVA can address projects of a size and scope many other integrators cannot. TAVA's geographic reach gives it a competitive advantage in serving customers that have multiple manufacturing facilities spread across the country.
TAVA's product development resources have been re-directed to programs put on hold during the Year 2000 ramp up. Some of these programs have grown out of the Year 2000 engagement experience. ????(REAL-TIME IT)????
At June 30, 1998, TAVA had 491 full-time employees, including 41 contract or temporary employees. During the year ended June 30, 1998, the Company added 174 employees, an increase of 55% over the previous year.
investor.msn.com |
