The numbers here should continue to move up through the year...new base around 1.25 looks good...
gpg
(COMTEX) B: Advanced Systems International Announces Five New Custome
B: Advanced Systems International Announces Five New Customers: Records Strong
Revenue Growth
SOUTHFIELD, MICH. (April 28) BUSINESS WIRE -April 28, 1999--Advanced
Systems International, Inc. (ASI) announced that the company has
recently signed five new time and attendance customers. Total revenue
for the sales is $1,280,643. Two of the new clients, one in Canada
(Camco Inc.) and one in the United States (Blandin Paper), are in new
vertical markets for the company.
Camco Inc., a subsidiary of General Electric, is the largest Canadian
manufacturer, marketer and services provider of home appliances, with
manufacturing operations in Hamilton, Ontario and Montreal, Quebec.
The company also has a national Customer Service Centre in Moncton, New
Brunswick. Camco's product line includes such popular names as GE,
Hotpoint, Moffat and McClary. Camco also produces and services private
brands for major Canadian department stores.
Al Holden, Manager Information Technology at Camco stated, "Camco
selected ASI as its partner of choice because of the data gathering
versatility of their time and attendance solution ATServer(r).
Furthermore, the application meets our diverse functional needs, is
clearly in line with our strategic information technology direction,
and provides a fully bilingual product to meet our Montreal plant
needs, all within a tight implementation time frame."
Blandin Paper Company is one of the largest magazine paper
manufacturers in North America. Based in Grand Rapids, MN, Blandin
Paper has 900 employees and is a subsidiary of UPM - Kymmene of
Finland.
Lori Gill, Project Manager for Blandin Paper stated, "ASI was chosen
for its ability to support complex scheduling requirements and business
rules. The system will allow for automated crew scheduling, electronic
entry of time cards (currently a manual process), increased accuracy of
payroll, and provide a framework for employee and manager access to
information."
Gerry Pesut, President and CEO of ASI stated, "With these new orders we
are continuing to execute our business plan of significant growth. ASI
now has a customer list of over 20 major companies. Our expanding
customer base in different vertical markets is a testament to the
adaptability of our offerings."
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. 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.
-0- ys/at*
CONTACT: Advanced Systems International
(Investor Relations)
Quentin Mai
Telephone: (248) 263-0000
Toll Free: (888) 399-7000
www.advsysintl.com
qmai@advsysintl.com
KEYWORD: MICHIGAN
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED PRODUCT Today's News On
The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
URL: businesswire.com
*** end of story ***
|
