To: Joe Copia who wrote (4801 ) 6/9/1998 12:49:00 PM From: Joe Copia Read Replies (1) | Respond to of 25711
ALYA NEWSnewsalert.com ALYA First Half Financials Show Significant Improvement Business Wire - June 09, 1998 12:36 %ALYA-INTERNATIONAL ALYA %CALIFORNIA %COMPUTERS %ELECTRONICS %COMED %EARNINGS V%BW P%BW PALO ALTO, Calif.--(BUSINESS WIRE)--June 9, 1998--ALYA International, Inc. ("ALYA" or the "Company") released today unaudited results for the first six months ending March 31, 1998, showing a significant improvement over last year. Total revenue recorded by the Company was $1.31 million (vs. $111,000 for the year ending Sept. 30, 1997). O.P.E.N.centrix, which was officially released in January 1998, recorded sales of $158,000 in the period, a 42% increase over sales in all of 1997. (Due to the ICBC contract.) The Company recorded revenue of $1,150,000 ($0.11 per share) from an innovative sale of rights to the U.S. and Canadian markets. The Company was able to secure financing without diluting shareholders interest, while the investors received tax write-offs of $16 million over two years. The agreements are designed so that the Company retains development and marketing control of O.P.E.N.centrix. Operating expenses totaled $823,000 for the six months (vs. $2.37 million for fiscal 1997) indicating better control over general and administrative expenses, while marketing expenses were comparatively greater due to the launch of O.P.E.N.centrix. The Company recorded Income from Operations of $376,000 (Income: $0.035 per share) compared to 1997's loss of $2.33 million (Loss: $0.29 per share). After financing charges the six month loss was $158,000 (Loss: $0.01 per share). The loss for 1997 was $2.55 million. (Loss: $0.32 per share.) Subsequent to the end of the first six months, on April 30, 1998, the Company raised $488,000 in a private placement and incurred financing costs of $60,000. Proceeds were used for working capital purposes. A full set of interim financial statements are attached to the Company's latest Form 15c2-11, dated June 3, 1998 and filed with the SEC. ALYA International, Inc. (OTC/BB Symbol: ALYA) is a leader in software design using Microsoft's(R) Windows NT(R), Echelon's(R) LonWorks(R) technology and Local/Wide area networks communication protocols. ALYA's first product, O.P.E.N.cortex(TM) is a development platform based on these de facto standards directed to companies implementing applications for end users such as building management systems and process control applications. ALYA has utilized this platform in the design of its second product O.P.E.N.centrix(TM) an application for Security Systems and Building Access. LonWorks technology is a de facto standard in the building automation and process control industries providing a new standard for open architecture and interoperable control systems. CONTACT: ALYA International, Inc. Toll-free: 1-888-595-6444 Website: www.alya.com Email: stock@alya.com