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