ALL QUOTES REPORTS SECONDS QUARTER RESULTS; Company Reports Second Consecutive Quarter of Increased Revenue and Earnings.AUSTIN, Texas--(BUSINESS WIRE)--Aug. 15, 1995--All Quotes, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ALQT) and its wholly-owned subsidiaries, SunRiver Data Systems SunRiver Data Systems was a division of SunRiver Corporation, a private company founded in 1986 in Jackson, Mississippi by four electrical engineers (Ronnie Hughes, Bill Long, Kester Rice, and Gerald Youngblood), all former employees of Diversified Technology, Inc. , Inc. and TradeWave Corporation (formerly EINet Acquisition Corporation), reported today unaudited revenues of $25,686,366 for the quarter ending June 30, 1995. Net earnings for the quarter were $664,558, or $.02 per share, including a loss on discontinued operations Discontinued operations Divisions of a business that have been sold or written off and that no longer are maintained by the business. of $206,229. All Quotes' net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight increased 34 percent over the first quarter of this year. Year-to-date net earnings are $2,274,023. In April, the Company acquired the Enterprise Integration Network (EINet) technology from the Microelectronics and Computer Technology Corporation (body) Microelectronics and Computer Technology Corporation - (MCC) One of the first, and now one of the largest, US computer industry research and development consortia. (MCC (The Microelectronics and Computer Technology Corporation, Austin, TX) The first high-tech research and development consortium in the U.S., created in 1982 by leading companies within the electronics industry. ). EINet Corporation, which has since changed its name to TradeWave Corporation, provides software products and services that support electronic commerce on the Internet. "In addition to accelerating our Internet and electronic commerce strategies through the TradeWave acquisition, we segmented SunRiver Data Systems' business by forming a strategic partnership with General Automation to consolidate the PICK systems business of both our companies," said Gerald Youngblood, chairman and president of All Quotes. "These events, coupled with our future product development, are a significant part of our strategy to concentrate resources on our core competencies and enhance long-term corporate growth." SunRiver Data Systems is a leading provider of text and MultiConsole terminals, X-stations, and systems software and services. Headquartered in Austin, TX, SunRiver Data Systems maintains additional manufacturing and R&D facilities in Hauppauge, NY and Orlando, FL. TradeWave Corporation, also based in Austin, TX, provides software, services and consulting to enable electronic commerce on the Internet. TradeWave helps businesses build and operate Virtual Private Internets (VPI VPI Voice Print International (Camarillo, CA) VPI Virtual Path Identifier (used in Asynchronous Transfer Mode) VPI Virginia Polytechnic Institute (aka Virginia Tech) )s, and it also publishes the Galaxy, a highly acclaimed Internet directory service for locating information on the Internet. CONTACT: Craig Parks, 512/346-2447, ext. 102 512/346-7062 (fax) |
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