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Gold/Mining/Energy : Conac Software Corp COT.V (was Exor Data) -- Ignore unavailable to you. Want to Upgrade?

To: Bob who wrote (466)	1/18/2000 8:38:00 PM
From: Bob	Read Replies (1) \| Respond to of 527

Conac Software News Release I received the following from Conac I.R. 1st QUARTER REVENUE INCREASES 83% CONAC SOFTWARE CORPORATION COT.V Shares Issued & Outstanding: 21,446,265 January 17 close: $0.34 Jacqueline Michael reports that the company has posted its 1st Quarter Aug 1st. - Oct. 31st) results for Fiscal year end July 31, 2000. The period reflects a dramatic improvement over the same for last year. This is mainly due to the fact that, the company focused its efforts on critical restructuring changes that have impacted the bottom line and improved a great deal on the Company's financial statements. The 1st Quarter results show a substantial decrease in development and overhead expenses. At the same time, revenues have increased over last year due to the fact that our marketing efforts from the previous year are presently paying off in the USA and have resulted in much improved sales figures. Revenue for the first 3 months, ending October 31, 1999, was $620,199 as compared to $339,256 for the same period last year, an increase of 83%. New sales and marketing initiatives implemented by management in the Redmond, Washington office have utilized the internet to increase exposure for the company as well as demonstrate the Conac line of products. Initiatives such as this have increased the efficiency of the sales and marketing process allowing for greater sales revenue and helping to reduce operating expenses, which decreased to $817,558 from $1,164,067, when compared to the same period last year. The 83% increase in revenues and a 30% decrease in costs has resulted in a 1st Quarter loss of $197,367 as compared with a loss of $824,811 for the same period last year, a 76% improvement. The products have become extremely competitive in both the Canadian and US marketplaces and remain on the leading edge of technology. The Company continues to implement new features in all of the systems that have made CONAC a "one stop" provider for all Project Management needs. Since 1989, Conac Software Corporation has, been a specialist in software solutions for project management in the multi billion dollar global construction industry. Peer companies include Timberline Software Corporation (NASDAQ:TMBS). For more information on the company, or our complete suite of integrated products, visit our web site at www.conac.com or contact: Allan Thompson Corporate Communications 888-887-0168 or (604) 642-0226 investor@conac.com The Vancouver Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.