POSTED FOR INFORMATIONAL PURPOSES ONLY
Subject: PREMIER UPDATE ON USTI AND AOXY
Date: Fri, 12 Nov 1999 16:57:08 PST
From: Premier_Group <premier_group@ragingbull.com>
To: List Member <badassjake@hotmail.com>
Subject: News from Premier Group
Date: 13 Nov 1999 00:31:04 -0000
Premier_Group
Previously featured United Systems Technologies (USTI), came out with
their excellent quarterly report "net income doubles on 9 month basis from
last year comparable". We heard a rumor after scouting out the company
that this quarter was going to be impressive and to say the least it was.
______________________________________________________________________
The stock was an excellent pick and should remain to be one. However,
recently featured Advanced Oxygen Technologies (AOXY), has yet to release
its quarterly, it is expected next week. Non the less, rumor has this
report as also very favorable. Profit takers in USTI may consider AOXY as
their next candidate before the, rumored to be, impressive earnings
release. Profit from it!
______________________________________________________________________
Premier Group
DALLAS--(BUSINESS WIRE)-- Nov. 12, 1999--United Systems
Technology, Inc. (OTC:USTI) announced today net income of $100,105 on
revenues of $518,279 for the quarter ended September 30, 1999, as
compared to net income of $51,160 on revenues of $425,831 for the same
period in 1998. The Company had net income of $320,250 on revenues of
$1,549,226 for the first none months of 1999 as compared to net income
of $53,825 on revenues of $1,211,662 during the comparable nine months
in 1998.
The Company is continuing the development of its asyst(TM)
products, a Windows product line that operates in a single user or
network environment and is seamlessly interfaced with the other
Microsoft Office products. The asyst(TM) product line currently
includes a Fund Accounting system, a Utility Billing system and a
Public Safety system and has been installed in over 375 locations
throughout the United States. The Fund Accounting system includes
General Ledger, Budget XLence, Report XLence, Accounts Payable,
Accounts Receivable, Purchase Orders, Cash Receipts, and Payroll
modules. The Utility Billing system includes Utility Billing, Meter
Reader Interface, Bank Drafts and Budget Billing modules. The initial
Public Safety system includes Master Name Index, Calls for Service,
Offense Reports and UCR Reporting modules. The Company is currently
developing its asyst(TM) General Government products, which include
Business and Animal Licenses, Code Enforcement and Building Permits
modules, and anticipates that the initial modules will be released in
the 4th quarter of 1999. In addition, the Company is continuing the
development of additional Public Safety modules that it anticipates
releasing soon. The Company believes that its asyst(TM) product line
will continue to offer its current and prospective customers with an
attractive software solution, both from a financial and functionality
standpoint and follows the trend of clients purchasing lower priced
software products that operate on PC networks.
This Press Release contains forward-looking statements, other
than historical facts, which reflect the view of Company's management
with respect to future events. Such forward-looking statements are
based on assumptions made by and information currently available to
the Company's management. Although management believes that the
expectations reflected in such forward-looking statements are
reasonable, it can give no assurance that such expectations will prove
to have been correct. Important factors that could cause actual
results to differ materially from such expectations include, without
limitation, the ability of the Company i) to generate levels of
revenue and adequate cash flows from its operations to support and
maintain its current cost structure and ii) to develop and deliver
products that are competitive, accepted by its markets and are not
rendered obsolete by changing technology. The forward-looking
statements contained herein reflect the current views of the Company's
management with respect to future events and are subject to these
factors and other risks, uncertainties and assumptions relating to the
operations, results of operations and financial position of the
Company. The Company assumes no obligation to update the
forward-looking statements or to update the reasons actual results
could differ from those contemplated by such forward-looking
statements.
USTI develops, markets and supports application software for
local governments and rural water districts. The software applications
operate in IBM midrange, network and single user PC platforms. USTI
has over 1,600 installations nationwide.
United Systems Technology, Inc.
Summarized Financial Information
(In Thousands Except Per Share Data)
Three Months Ended Nine Months Ended
September 30, September 30,
------------- -------------
1999 1998 1999 1998
---- ---- ---- ----
Revenue $ 518 $ 426 $ 1,549 $ 1,212
Total Costs and Expense $ 425 $ 376 $ 1,256 $ 1,161
Operating Income $ 93 $ 49 $ 293 $ 51
Net Income $ 100 $ 51 $ 320 $ 54
Earning Per Common Share
Basic $ NIL $ NIL $ .01 $ NIL
Diluted $ NIL $ NIL $ .01 $ NIL
Weighted Average Shares
Outstanding
Basic 48,178 43,939 48,178 43,178
Diluted 54,616 43,939 50,324
Disclaimer:
The Premier Group makes no buy or sell recommendations. Editors may buy
or sell securities in mentioned stocks at any such time. Always consult a
professional before investing in any stock. In no event will the Premier
Group ever be held liable for any investment mentioned. Compensation is
never given for our service by any featured company, it is solely 3rd
party analysis on situations which look to be attractive opportunities. |
