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Technology Stocks : Moscom (MSCM) Strong Buy -- Ignore unavailable to you. Want to Upgrade?

To: E. Graphs who wrote (123)	5/5/1998 10:16:00 AM
From: E. Graphs	Read Replies (2) \| Respond to of 131

Message in a bottle......MOSCOM Reports 30% Increase in Sales and Profitable First Quarter biz.yahoo.com PITTSFORD, NY--(BUSINESS WIRE)--May 5, 1998--MOSCOM Corporation (Nasdaq National Market:MSCM - news) today reported a 30% increase in sales for the first quarter of 1998. Sales for the period ended March 31, 1998 were $3,604,377 as compared to $2,771,059 for the first quarter of 1997. MOSCOM also reported net income for the first quarter of 1998 of $103,072 or +$.01 per share, which compares to a net loss of $1,340,689 or -$.19 per share for the same quarter in 1997. Demand for MOSCOM's call accounting products was strong with worldwide sales up 27%. Sales of the INFO/MDR product line set a quarterly record with 11 systems shipped and installed. David G. Mazzella, President and CEO, commented, ''This was MOSCOM's third consecutive profitable quarter since refocusing our efforts on call accounting and billing systems. The $1.4 million increase in the quarter's bottom line was due to 30% growth in sales and a $550,000 reduction in operating expenses. In addition, gross margins improved to 79% from 71% due to increased sales of fully amortized software products.'' Mazzella continued, ''The strong increase in sales came from a reduced number of product areas which received concentrated sales, customer service, and marketing efforts. During the first quarter we invested heavily in building our support and implementation capability for the billing and enterprise telemanagement markets. Those markets represent a significant share of the revenue growth we anticipate for the balance of this year.'' MOSCOM Corporation is engaged in the design, production and servicing of telecommunications management and billing systems for users and providers of telecommunications services in the global market. The forward looking statements contained in this release are estimates by the Company's management of future performance and are subject to a variety of risks and uncertainties that could cause actual results to differ materially from management's current expectations. MOSCOM CORPORATION Consolidated Financial Results (Unaudited) First Quarter Ended March 31, 1998 1997 Net Sales $3,604,377 $2,771,059 Income (Loss) Before Taxes 103,072 (1,340,689) Income Taxes --------- ---------- Net Income (Loss) $ 103,072 $(1,340,689) Income (Loss) Per Share $ .01 $ (.19) Weighted Average Number of Shares Outstanding 7,550,870 7,089,101 Contact: MOSCOM Corporation Robert L. Boxer (716) 383-6803 www.moscom.com or MOSCOM's Investor Relations Counsel: The Equity Group Inc. Loren Goldstein, (212) 836-9604