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Technology Stocks : TAVA Technologies (TAVA-NASDAQ) -- Ignore unavailable to you. Want to Upgrade?

To: JDN who wrote (24445)	11/4/1998 2:13:00 PM
From: Nanchate	Read Replies (3) \| Respond to of 31646

John Jenkins/Doug Kelsall Comments: John Jenkins, CEO stated: "We are extremely pleased with the record results achieved this quarter. This reflects the continued strong demand fro the company's services and products. Revenue was up 33% over our June 30,1998 fourth quarter, diluted earnings per share were up by 366% and EBITDA increased to $4,938,000 from $1,759,000. Our earnings also include a solid contribution from the TAVA/RW Beck LLC. We are now planning the extension of our successful utility market penetration to address post Y2K opportunities" Doug Kelsall, CFO said, "We are beginning to see operation efficiencies from our investment in SG&A over the last several quarters, with SG&A expenses decreasing to 27.8% of revenue in this quarter compared to 32.8% of revenue in our fourth quarter of fiscal 1998." Kelsall added, "The quarter results include a positive income contribution of $604,000 from the company's investment in TAVA/Beck LLC in the quarter. This investment is accounted for by the equity method and its income is reflected as "equity in earnings of unconsolidated affiliate" on the income statement. No revenue or cost of the LLC are carried directly on the income statement."