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Technology Stocks : Fundtech [Nasdaq/ FNDT] (formerly FNDTF) -- Ignore unavailable to you. Want to Upgrade?

To: Ariella who wrote (22)	4/22/1999 11:52:00 PM
From: pat mudge	Respond to of 172

I believe earnings come out tomorrow before the open. A mention in Israeli Business Arena: >>>>> Thursday , Apr 22, 1999 Sun-Thu at 18:00 (GMT+2) High Tech News Daimler-Chrysler Executives to Visit Israel, Will Examine High Tech Investments By Ora Coren The Daimler-Chrysler concern announced yesterday that it will send a delegation to Israel to examine investment in information technology, Internet and telecommunications. The delegation will include executives from Debis, of the Daimler-Chrysler group. Heading the delegation will be two senior directors of the concern's international board, including the executive responsible for R&D. The company will meet with various managers and companies, including Nice, Amdocs, VocalTec, Fundtech, OptiSystems, MC Telecom and Aladdin. The head of the Daimler-Chrysler delegation to Israel said the concern is looking for creative initiatives and ideas in these fields worldwide. "There is tremendous potential in Israel, with an extraordinary supply of technology and knowhow, and we are interested in getting to know these companies and cooperating with them." Published by Israel's Business Arena April 19, 1999 >>>>

To: Ariella who wrote (22)	4/23/1999 8:44:00 AM
From: pat mudge	Respond to of 172

Just out: newsalert.com April 23, 1999 08:15 Fundtech Revenue Increases 161% To $7.9 Million -- Net Income Increases To $2.2 Million Or $0.16 Per Diluted Share JERSEY CITY, N.J.--(BUSINESS WIRE)--April 23, 1999--Fundtech, Ltd. (Nasdaq: FNDTF), today announced its financial results for the first quarter of 1999. The Company reported revenue of $7.9 million, more than double the $3.0 million reported on the first quarter of 1998. Net income for the quarter increased to $1.8 million or $0.16 per diluted share, as compared to $231,000 or $0.03 per diluted share, for the year-ago quarter. Software license fees increased 128% to $4.6 million for the three months ended March 31, 1999, from $2.0 million in the three months ended March 31, 1998. The increase in license fees was due to the continued market penetration of the Company's United States payments products and further advances into the international marketplace. Revenue attributable to solutions sales for banks based outside of the United States accounted for approximately 24% of total revenue compared to less than 10% during the first quarter of 1998. Maintenance and service revenue was $2.8 million, a 310% increase over $685,000 in the year-ago quarter. Hardware sales were $471,000 for the quarter as compared to $325,000 for the quarter ended March 31, 1998. Fundtech is a leading provider of software which enables businesses and their banks to process payments, transfer funds and manage cash positions electronically. The Company's client/server software products automate the process of transferring funds among corporations, banks and clearance systems and enable businesses to manage global cash positions efficiently and in real-time.