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Gold/Mining/Energy : GPW Group West Systems Ltd. (Year 2000 Software Company) -- Ignore unavailable to you. Want to Upgrade?


To: BM who wrote (501)4/24/1998 3:37:00 PM
From: Mr. Forthright  Read Replies (1) | Respond to of 1443
 
Nathan the best proof of product success is BIG SALES. I am still monitoring GPW. Hope we get real news soon.

Have a good week-end!



To: BM who wrote (501)4/26/1998 3:23:00 PM
From: BM  Respond to of 1443
 
Financials as of December 31, 1997

GROUP WEST SYSTEMS LTD.

CONSOLIDATED STATEMENT OF INCOME AND RETAINED EARNINGS FOR THE THREE MONTHS ENDED
DECEMBER 31, 1997 (Unaudited - "Prepared by Management")

1997 1996

Hardware and Software Sales $ 442,099 $ 375,246
Cost of Sales (Hardware and Software) 227,848 233,874
Gross Profit 214,251 141,372

Fee Revenue 1,031,878 829,924

1,246,129 971,296

Expenses 1,221,318 866,176

Income before Undernoted 24,811 105,120
Loss on sale of investments (3,454) (947)

Income before Income Taxes 21,357 104,173
Income tax expense - 46,000

Net Income for the Period 21,357 58,173

Retained Earnings, beginning 723,753 824,859
Retained Earnings, end of the period $ 745,110 $ 883,032

Earnings per Share $ 0.004 $ 0.020