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Microcap & Penny Stocks : Rande Is. . .FISHING. . [under $1.50] -- Ignore unavailable to you. Want to Upgrade?

To: Rande Is who wrote (1624)	3/30/1999 3:00:00 PM
From: Rande Is	Respond to of 4766

USTI's 1998 year ended on a positive note. . .here are results: News March 30, 13:07 Eastern Time United Systems Technology, Inc. Announces 1998 Results DALLAS (March 30) BUSINESS WIRE -March 30, 1999--United Systems Technology, Inc. (OTC BB: USTI) announced today that revenues for the year ended December 31, 1998, were $1,856,973, an increase of 13% from the revenues of $1,641,370 reported for the year ended December 31, 1997. The company had net income of $309,288 in 1998 as compared to a net loss of $270,554 for the comparable period in 1997. The increase in revenue during 1999, combined with the Company's continued efforts to contain its expenses, contributed to the results, which are among the best in the history of the Company. Software license fees increased 93% during 1998 as a result of an increase in the licensing of the Company's asyst(TM) products and the Year 2000 compliant version of its Legacy(TM) products. The Company is continuing the development of additional modules for its asyst(TM) product line. The asyst(TM) product line currently includes Fund Accounting, Utility Billing and Public Safety systems. The asyst(TM) products have been installed in over 250 locations since their initial release in 1996. The Company is currently developing additional modules to add to the initial asyst(TM) Public Safety modules that were released during 1998 as well as developing General Government modules that will include Business and Animal Licenses, Code Enforcement and Building Permits. The Company anticipates that the initial General Government modules will be released in the 2nd quarter of 1999. The Company believes that the asyst(TM) product line offers its current and prospective customers an attractive software solution, both from a financial and functionality standpoint and follows the trend of clients moving to Windows based PC networks. The Company is offering a Year 2000 compliant version of certain modules of its Legacy(TM) and Quest(TM) products and expects to ship the remainder of these Year 2000 versions of the Legacy(TM) and Quest(TM) products to existing customers in the 1st and 2nd quarters of 1999. This Press Release contains forward-looking statements, other than historical facts, which reflect the view of Company's management with respect to future events. Such forward-looking statements are based on assumptions made by and information currently available to the Company's management. Although management believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors that could cause actual results to differ materially from such expectations include, without limitation, the ability of the Company (i) to generate levels of revenue and adequate cash flows from its operations to support and maintain its current cost structure and (ii) to develop and deliver products that are competitive, accepted by its markets and are not rendered obsolete by changing technology. The forward-looking statements contained herein reflect the current views of the Company's management with respect to future events and are subject to these factors and other risks, uncertainties and assumptions relating to the operations, results of operations and financial position of the Company. The Company assumes no obligation to update the forward-looking statements or to update the reasons actual results could differ from those contemplated by such forward-looking statements. USTI develops, markets and supports application software for local governments and rural water districts. The software applications operate in IBM midrange, network and single user PC platforms. USTI has over 1,600 installations nationwide. United Systems Technology, Inc. Summarized Financial Information (In Thousands Except Per Share Data) Year Ended December 31, 1998 1997 ---- ---- Revenue $ 1,857 $ 1,641 Total Costs and Expense $ 1,608 $ 1,908 Operating Income (Loss) $ 249 $ (267) Net Income/(Loss) Before Extraordinary Item $ 255 $ (270) Gain on Settlement of Debt $ 54 $ -- Net Income/(Loss) $ 309 $ (270) Earning (Loss) Per Common Share $ NIL $ (0.01) Weighted Average Shares Outstanding 44,630 43,214 ---------------------------------------------------------------------- lr/da* CONTACT: United Systems Technology, Inc. Randy McGee, 972/402-8600

To: Rande Is who wrote (1624)	3/30/1999 3:00:00 PM
From: Rande Is	Read Replies (3) \| Respond to of 4766

Someone really should go back thru this thread, Whiz's, Copia's and a few others and see who was pumping USTI early this month. The thing that strikes me interesting is how they vanished suddenly. As I recall, just about the same time that hundreds of thousands of shares were dumped AFTER, what looked like nearly a million were bought. . .suddenly a few people were uncharacteristically bashing the stock without provocation. I find this quite interesting, and wonder if NONSENSE is finding less and less of an audience here on SI. That's an interesting thought for sure. Rande Is