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Gold/Mining/Energy : Angoss Software Corp. V.ANC -- Ignore unavailable to you. Want to Upgrade?


To: Crazy Canuck who wrote (539)4/14/1999 7:43:00 PM
From: Lucky Guy  Read Replies (1) | Respond to of 1006
 
Hi Crazy:
Are you still long BII. I am and also long BIT. Just a couple of questions regarding Angoss. Haven't done my DD yet. Could you share with me a couple of points as to why you loaded up. Also what does PP refer to. I missed out on SCS at .20 and do not want to miss out on Angoss. Do not have time to DD, so if you can spare me a couple of sentences with your thoughts on ANC that would be much appreciated.
I was delighted to see you on this board.
Data mining is the future just like inet.
Regards
Larry



To: Crazy Canuck who wrote (539)4/20/1999 9:01:00 PM
From: AriKirA  Read Replies (2) | Respond to of 1006
 
Angoss breaks even in first quarter

Angoss Software Corporation ANC

Shares issued 33,882,713 1999-04-20 close $0.17

Tuesday Apr 20 1999

Mr. Lon Vining reports

In the first quarter ended Feb. 28, 1999, the company operated at breakeven, with an operating profit of $381 (compared with an operating loss of $42,731 for 1998).

FINANCIAL HIGHLIGHTS
Three months to Feb. 28

1999 1998


Revenues $ 621 $ 717

Gross margin 570 619

Operating expenses 570 662

Operating profit (loss) nil (43)

Net earnings (loss) (117) (296)

Earnings (loss) per share 0 1 cent

As at Feb. 28, 1999, cash and receivables were excess of $1.4-million and accounts payable and accrued liabilities were $600,000. The gross margin improved from 86.4 per cent to 91.9 per cent, reflecting the positive effects of the previously announced royalty buyout. During the quarter, Angoss successfully obtained a lien on the property and assets of Trifox, pending the final outcome of the appeal and settlement discussions continue.

Notable developments during the quarter included:

the delivery to Electronic Data Systems Inc. of an Internet enabled prototype decision support solution for presentation to one of its major industrial customers;

the licensing of the KnowledgeSTUDIO SDK to Store Automation Systems Inc., a Pennsylvania based retail store automation and point of sale solution provider;

licensing, maintenance and services transactions included Allstate Insurance, Ameritrade, Bell Canada, Cegetel, Citicorp, Experian, First Union National Bank, First USA Bank, Harte Hanks Data Technologies, MBNA, MCI, Mercer Management Consulting, National City Corporation, NationsBank, Pitney Bowes, Providian and Young & Rubicam.

WARNING: The company relies upon litigation protection for "forward-looking" statements.

(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com