To: Crazy Canuck who wrote (336 ) 4/23/1999 11:30:00 AM From: DRT Read Replies (1) | Respond to of 895
If I could add the following comments regarding your post: 1. Some of the key goals they will be shooting for is to realize revenues of $11 ½ million in 1999. They also have budgeted for a profit of $2.4 million on those sales. COMMENT: WOW! Small Cap NASDAQ in the second half of 1999 should be no problem with those numbers. The timing will hinge on sales, the overall market, etc. The more exposure and broker/analyst coverage, the faster we will see NASDAQ listing - the market anticipation and subsequent interest from fund managers, brokers and investors could launch us to a much higher valuation. 2. ASI currently has the largest T&A application running on a client server platform in the U.S. COMMENT: ASI may well rival Kronos and others as having the largest number of T$A applications running on a client server platform in the U.S. With ATServer, ASIs competitive advantage is the open architecture and ability to adapt to the different labor rules and data requirements of varying customers and verticals markets on a client/server platform. 3. What they did was to develop a second product that would enable organizations to collect, move, and access data throughout the whole organization which is a core requirement for Business to Business Ecommerce. COMMENT: ATLink is a non proprietary application that gives the customer more control, faster implementation times, and is less costly. In the past, data collection involved hardware companies developing an interface from their product to a specific ERP application - developing a unique customized system for each company was often costly to the customer - 20% of the revenue was from the sale, and 80% from system customizations and maintenance. With ATLink, 80% of the revenue is derived from the sale and and installation vs. 20% is related to ongoing maintenance - this means more time can be spent on identifying and working with new customers (more customers mean more sales ...). 4. They have recently signed a contract with Volvo's trucking division, and have just announced an agreement with Imperial Tobacco in Canada. COMMENT: Another key customer with potential for additional installations. Its noteworthy that not all contracts are subject to a press release (it depends on the corporate culture of the client and/or industry competitiveness considerations - many customers do not want their competition to know they are ahead of them in improving productivity, etc.). DRT