4Front Software International, Inc. common stock to commence trading in the NASDAQ Small Cap market.
4Front Software International, Inc. is a UK-based computer services company that provides a wide range of specialized high-end information technology solutions and services to primarily Financial Times UK Top 500 companies and government authorities. The Company provides key elements of distributed computing, including systems development and integration, storage and client-server solutions and products, as well as extensive hardware and software support. The Company's customers include National Westminister Bank PLC, British Aerospace PLC, Oracle Corporation, British Telecom PLC, Alcatel Alsthom, Royal Dutch/Shell Group, Oxford and Cambridge Universities and the British Ministry of Defense.
For the third fiscal quarter ended October 31, 1995, revenues for 4Front increased 294% to $9,315,000, versus $2,366,000 reported for the comparable 1994 quarter. Net income for the recent quarter was up 66% to $165,000, versus $100,000 recorded for the comparable 1994 quarter. Earnings per share for the 1995 quarter increased 50% to $0.06, versus $0.04 per share reported for the 1994 quarter.
For the nine month period ended October 31, 1995, revenues for 4Front increased 169% to $22,603,000, versus $8,394,000 reported for the comparable 1994 period. Net income for the recent period was up 94% to $470,000, versus $242,000 for the comparable 1994 period. Earnings per share for the 1995 period increased 29% to $0.18, versus $0.14 per share reported for the 1994 period.
Anil J. Doshi, Chairman and Chief Executive Officer of 4Front Software International, Inc., said, "Entry into the Nasdaq Small Cap Market should greatly increase the Company's liquidity and exposure to the investment community at-large. The Nasdaq Small Cap market provides the investment community with immediate access to the best bid and ask prices of our stock and other key information about the Company's shares throughout the trading day. Furthermore, price and general information about 4Front will now be accessible from over 200,000 electronic terminals worldwide. Trading data and important Company news will also be automatically distributed through wire services for selective dissemination by periodicals and other important mediums, including radio and television."
Further information regarding 4Front Software International, Inc. may be obtained by contacting Lippert/Heilshorn & Associates, Inc. at 212/838-3777.
CONTACT: Lippert/Heilshorn & Associates, Inc.
John Nesbett, ext. 101
Jason Thompson, ext. 124
Company Contact: Mark Ellis or Ken Newell
4Front Software International, Inc.