To: Jenna who wrote (25202 ) 2/16/1999 8:32:00 PM From: kha vu Respond to of 120523
ITDS.... biz.yahoo.com or here is the excerpt: <<<<Earnings for the fourth quarter of 1998 were a record $4.1 million or $0.23 per diluted share, compared to $1.4 million or $0.11 per diluted share in the fourth quarter of 1997. The diluted weighted average number of common shares outstanding for the fourth quarters of 1998 and 1997 were 18.0 million and 13.4 million, respectively. For the twelve months ended December 31, 1998, revenues rose to $115.5 million, from $23.4 million in 1997. Earnings excluding the one time charges, for the twelve months ended December 31, 1998 were $12.7 million or $0.77 per pro forma diluted share, compared to $4.8 million or $0.36 per diluted share for the twelve months ended December 1997. The diluted weighted average number of common shares outstanding for the twelve months of 1998 (pro forma) and 1997 was 15.6 million and 13.2 million, respectively. Including the one time charges, the Company reported a loss for the twelve months ended December 31, 1998 of $3.9 million or a loss of $0.25 per basic share compared to net income of $4.8 million or $0.38 per basic share for the twelve months of 1997. The basic weighted average number of common shares outstanding for the twelve months of 1998 and 1997 was 15.6 million and 12.7 million, respectively. Peter P. Bassermann, Chief Executive Officer of ITDS, commented, ''This was another year of record growth for ITDS. We successfully pursued our business strategy of growing our customer base while expanding the range of service bureau billing and customer care solutions that we offer to our existing customers. The subscriber base of our customers grew by approximately 742,000 subscribers in the fourth quarter alone, more than an 11 percent increase over the third quarter level. For 1998 (pro forma), our customers had an approximate 60 percent growth rate in the number of subscribers, totaling 7.3 million at the end of the year.'' ''Through our new strategic business agreement with Novazen to include its Internet-based billing and customer care product in our suite of products and services, ITDS has dramatically broadened the reach of its billing and customer care offerings while providing the value-added solutions that are critical to our customers' growth plans,'' Mr. Bassermann added. ''We have received an excellent response from our customers, who are looking forward to implementing this solution to further improve their relationships with current customers, as well as to better control the costs of their customer service operations. ''This agreement also has the potential to dramatically change the paradigm of our current space by providing us with the ability to extend our service offerings beyond those of the traditional billing and customer care. This is also an application that ITDS can install on billing systems that are not current ITDS customers, as it does not alter the underlying billing system in any way. Clearly we see a broad revenue potential by providing both billing and customer care capabilities, as well as a web-based product.'' ''We also achieved a five-year contract with DigiPH PCS to provide service bureau billing and customer care services,'' Mr. Bassermann continued. ''Our first step will be to convert DigiPH PCS to our TRIS+ GSM System.'' >>>>>>>>>>>>>>>>>