FutureStock Review
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>
> Senior Analyst:
> Ryan Irvine BBA Assistant Editor: Brent Larsen
>
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> 1998 Average gain on featured companies 62.15%
>
> The Fully Independent FutureStock Review features Advanced Systems
> International Inc as an undervalued stock in its September 1999 Edition.
>
> (Full report below)
>
> _____
>
> Advanced Systems International Inc. The
> FutureStock Review TM
>
> (ADSN:NASD OTCBB)
> <http://www.keystocks.com>
>
> _____
>
> Originally incorporated in 1991, Advanced Systems International (ADI)
> defines itself as a leading supplier of mission critical application
> solutions for the enterprise-processing environment. The company's core
> product, ATServer©, a time and attendance/labor allocation application,
> addresses the time collection and labor management needs of mid to large
> scale, client/server environments. Advance systems second product,
> ATLink(tm) is designed to support business-to-business electronic
> commerce, by enabling the collection, communication and integration of
> critical data on different platforms or operating systems.
>
> Advanced Systems was originally formed to develop time and attendance
> products (software and hardware) with advanced functionality for large
> corporations. By 1994, the company's development team had developed a
> core product and was ready to demonstrate its functionality to the
> Chrysler Corporation who had shown great interest in the project. At this
> pint Chrysler recognized the potential and quality of the product but
> noted that it needed some refining. As a result, one year later Chrysler
> and Advanced Systems formed a strategic partnership to develop an advanced
> time and attendance labor distribution product. With the aid of
> Chrysler's considerable resources, ADI's core product and the Perot
> Systems assistance on coding, the final product took approximately 75
> man-years to develop. Following the installation of the company's newly
> developed product in the first Chrysler plant, it became available
> commercially during 1997. Today, the company's long R&D cycle is
> beginning to pay dividends as its core product, the Windows-based
> Client/Server application product known as ATServer©, has been installed
> in over 110 locations of Fortune 500 companies.
>
> Essentially, ATServer© allows users to collect data, move information and
> access it throughout the whole enterprise. For example, within a
> workplace time and attendance data is collected through either terminals,
> scanners, badge readers or other devices. ATServer© collects this data in
> real time and stores the information on its server in a standard
> relational databases, such as MS SQL Server, Oracle or Sybase. The data
> is calculated and stored using a stored library procedure. A supervisor
> may access the database from his/her desktop computer to review and edit
> time, attendance, and labor allocation information for their department in
> real time. Edited information is then available for payroll, human
> resources, production, engineering, finance, and other departments to use
> for payroll preparation, record keeping, planning, scheduling, operational
> improvements, and job costing purposes. In the end, corporations should
> expect to witness a reduction in the cost of collecting and managing labor
> information and benefit from enhanced planning capabilities.
>
> Advanced Systems also developed a "Middleware" product known as,
> ATLink(tm). ATLink(tm) provides a seamless interface between automated
> shop floor and warehouse data capture and the multiple Enterprise Resource
> Planning modules, packaged application integration software, bolt-on
> applications, and legacy systems which require this data.
>
> Both ATLink(tm) and ATServer© are supported by an experienced network of
> installation and training professional who are dedicated to making the
> implementation process as easy as possible. In addition, Advanced Systems
> offers a full range of maintenance service options for its products.
>
> Recent Financial Results:
>
> On August 17, 1999, Advanced Systems announced that its revenues for its
> second quarter ended June 30, 1999, had increased 240% to $2.2 million
> from $0.65 million in the corresponding period of 1998 Earnings for the
> second quarter were $375,353 or $0.03 per share, compared to a loss of
> ($20,951) or ($0.00) per share for the same quarter last year.
> Significantly, revenues and earning increased by 25 and 23 percent
> respectively over the first quarter of 1999. Revenues for the company's
> first six months of 1999 were $3,964,637, a 312% increase over the same
> period last year with earnings of $681,695 ($0.06 per share).
>
> KEY STATS 1999 (6 Months)
> Price/Earnings: 17.72
> Price/Sales: 2.30
> Shares Outstanding: 11,700,579
> Fully Diluted: 17,645,320
>
> BALANCE SHEET 1999(as at 06/30/99) 1998(as at 06/30/98)
> Current Assets: $1,888,725
> $752,365
> Total Assets: $2,526,011
> $1,324,139
> Current Liabilities: $1,702,003 $1,133,454
>
> Long Term Debt: $33,489
> $382,744
> Total Liabilities: $1,735,492
> $1,516,198
> Shareholders' Equity: $790,519 ($192,059)
>
> INCOME STATEMENT 1999 (6 months) 1998 (6 months)
> Total Revenues: $3,964,637 $961,313
>
> Net Earnings: $681,695
> ($363,451)
> Earnings Per Share (EPS): $0.06 ($0.04)
> Fully Diluted EPS: $0.04 ($0.03)
>
>
>
> In the Final Analysis:
>
>
>
> In an economy starved to squeeze every inch of productivity out of a
> company it is comforting to find a company, which specifically designs
> products that reduce costs, improve labor productivity and improve product
> implementation for its customers. It appears Both ATLink(tm) and
> ATServer© are continuing to be recognized as effective cost cutting and
> productivity solutions. The company also believes it is in a solid
> position to take advantage of the large window of opportunity in the
> electronic commerce business-to-business and in the time & attendance
> marketplaces. The company's business plan forecasted revenues of $11.15
> million in 1999, with a profit close to $2.2 million. If Advanced Systems
> hits its internal targets, the company should provide good growth
> potential.
>
>
>
> Stock Exhange Listing ADSN-NASD OTCBB
> 52 Week High / Low $1.94/$0.125
> Current Price (Aug 6, 1999) $1.06
> Market Capitalization $12,402,614
>
>
>
> _____
>
> The information presented in this publication is drawn from sources
> believed to be reliable, however the accuracy or completeness of this
> information is not guaranteed. Neither KeyStoneFinancial Publishing Corp.
> nor any of its affiliates accepts any liabilities whatsoever for any loss
> resulting from the use of this publication or its content. It should not
> be assumed that thepast performance of any companies featured in this
> publication will equal future performance. KeyStone Financial Publishing
> Corp. is under no obligation to update information containedwithin this
> publication. KeyStone Financial Publishing Corp. does not accept fees or
> benefits of any nature from any corporation for the selection of the
> company within this publication. The information contained herein is for
> information purposes only. This publication does not constitute an offer
> to sell or the solicitation of an offer to buy any securities.
> TheFutureStockTM Review is not designed to counsel individual investors;
> those seeking specific investment advice should consider a qualified
> investment professional. |
