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Microcap & Penny Stocks : ADSN - Advanced Systems International -- Ignore unavailable to you. Want to Upgrade?

To: Barry K who wrote (208)	4/7/1999 6:40:00 PM
From: Steelguy	Read Replies (1) \| Respond to of 895

This looks quite sweet at first glance..... No doubt...once again, Waldo has dug out a winner who is undervalued.! I look forward to more great things to come for ADSN... sg

To: Barry K who wrote (208)	4/7/1999 11:03:00 PM
From: Ray Rueb	Read Replies (1) \| Respond to of 895

YEAR-END RESULTS FOR 1998 ADVANCED SYSTEMS INTERNATIONAL ANNOUNCES Southfield, MI - April 07, 1999 - Advanced Systems International (ASI) (OTCBB: ADSN), a leading provider of enterprise software solutions, announced today the financial results for the fiscal year ending December 31, 1998. Sales revenue for 1998 was $2,379,987 compared to $2,012,377 in 1997. Net loss was $1,489,675 ($0.12 per share) in 1998 compared to 1997 that had a net loss of $1,895,492 ($0.28 per share). The Company's total Research and Development investment to date has exceeded $4 million. Gerry Pesut, President and CEO stated, "1998 was a year of development and expansion for ASI. Our rapidly expanding customer base of Fortune 1000 Organizations confirms the industry leadership of our products while demonstrating that we have executed on the key elements of our overall business model. During the second half of 1998, ASI increased its sales and delivery capabilities by attracting and hiring industry experienced management and staff. The development and release of ATLink(tm), a data distribution and accessibility (DDA) application positioned the Company to enter the high growth ERP sector and business to business electronic commerce markets. We are convinced that the opportunity offered within our customer base, our proven industry-leading products, industry growth projections and expanded delivery capacity, have positioned the Company to enter a growth phase. Finally, with our 1998 Audit, the Company will be filing its Form 10 SB registration statement." Advanced Systems International is a leading supplier of time and attendance and labor allocation applications, as well as data distribution and access (DDA) solutions for the Enterprise Resource Planning (ERP) environment. ASI's cost effective, comprehensive product offering includes the application software, hardware, implementation services and on-going support necessary for rapid deployment of enterprise-wide distributed processing. Key markets include automotive, automotive supply, packaged goods, pharmaceuticals, food processing and other manufacturing industries. Investor Relations: Quentin Mai Telephone: (248) 263-0000 Toll Free: (888) 399-7000 www.advsysintl.com qmai@advsysintl.com Any statements contained in this release that relate to future plans, events or performance are forward-looking statements that involve risks and uncertainties, including but not limited to, risks of product non-approval or product development and market acceptance risks, the impact of competitive products and pricing, the results of current and future licensing and other collaborative relationships, the results of financing efforts, developments regarding intellectual property rights and litigation, and other risks identified in the Company's informational documents provided to brokers pursuant to SEC Rule 15c2-11. Actual results, events or performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to release publicly the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Quentin Mai 1-888-399-7000 Ext. 107 qmai@advsysintl.com