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Gold/Mining/Energy : ORIOLE SYSTEMS (OOL:VSE) -- Ignore unavailable to you. Want to Upgrade?

To: Steve Kirk who wrote (181)	6/2/1998 2:35:00 PM
From: TheGodfather (Hijacked)	Read Replies (1) \| Respond to of 605

ALL Oriole Systems Inc - First quarter results Oriole Systems Inc OOL Shares issued 20740597 1998-06-01 close $0.52 Tuesday Jun 2 1998 An anonymous director reports Oriole's first quarter revenues of $763,000 were 4 per cent ahead of the same period in 1997, resulting in a net income of $54,000. Following consultation with its auditors, Arthur Andersen & Co., Oriole recently announced a shift in its accounting policy, moving the company closer to the more conservative U.S. generally accepted accounting principles. This change will facilitate the company's planned expansion strategies. During the first quarter of 1998, the company invested $149,000 in software development. In keeping with the new accounting policy, the entire development costs were expensed during the period. Expenses other than for software development were $55,000 or 9 per cent lower than during the same period last year. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com