ALYA First Half Financials Show Significant Improvement.PALO ALTO Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. , Calif.--(BUSINESS WIRE)--June 9, 1998--ALYA International, Inc. ("ALYA Alya may refer to:
Total revenue recorded by the Company was $1.31 million (vs. $111,000 for the year ending Sept. 30, 1997). O.P.E.N.centrix, which was officially released in January 1998, recorded sales of $158,000 in the period, a 42% increase over sales in all of 1997. (Due to the ICBC ICBC Industrial and Commercial Bank of China ICBC Insurance Corporation of British Columbia ICBC International Commercial Bank of China ICBC Imax Cargo Bay Camera (Space Shuttle) ICBC Interagency Committee on Back Contamination contract.) The Company recorded revenue of $1,150,000 ($0.11 per share) from an innovative sale of rights to the U.S. and Canadian Canadian (kənā`dēən), river, 906 mi (1,458 km) long, rising in NE New Mexico. and flowing E across N Texas and central Oklahoma into the Arkansas River in E Oklahoma. markets. The Company was able to secure financing without diluting shareholders interest, while the investors received tax write-offs of $16 million over two years. The agreements are designed so that the Company retains development and marketing control of O.P.E.N.centrix. Operating expenses Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. totaled $823,000 for the six months (vs. $2.37 million for fiscal 1997) indicating better control over general and administrative expenses, while marketing expenses were comparatively greater due to the launch of O.P.E.N.centrix. The Company recorded Income from Operations of $376,000 (Income: $0.035 per share) compared to 1997's loss of $2.33 million (Loss: $0.29 per share). After financing charges the six month loss was $158,000 (Loss: $0.01 per share). The loss for 1997 was $2.55 million. (Loss: $0.32 per share.) Subsequent to the end of the first six months, on April 30, 1998, the Company raised $488,000 in a private placement and incurred financing costs of $60,000. Proceeds were used for working capital purposes. A full set of interim financial statements are attached to the Company's latest Form 15c2-11, dated June 3, 1998 and filed with the SEC. ALYA International, Inc. (OTC/BB Symbol: ALYA) is a leader in software design using Microsoft's(R) Windows NT (Windows New Technology) A 32-bit operating system from Microsoft for Intel x86 CPUs. NT is the core technology in Windows 2000 and Windows XP (see Windows). Available in separate client and server versions, it includes built-in networking and preemptive multitasking. (R), Echelon's(R) LonWorks(R) technology and Local/Wide area networks communication protocols. ALYA's first product, O.P.E.N.cortex(TM) is a development platform based on these de facto standards Hardware or software that is widely used, but not endorsed by a standards organization. Contrast with de jure standard. de facto standard - A widespread consensus on a particular product or protocol which has not been ratified by any official standards body, such as ISO, directed to companies implementing applications for end users such as building management systems and process control applications. ALYA has utilized this platform in the design of its second product O.P.E.N.centrix(TM) an application for Security Systems and Building Access. LonWorks technology is a de facto standard in the building automation and process control industries providing a new standard for open architecture and interoperable The ability for one system to communicate or work with another. See interoperability. control systems. CONTACT: ALYA International, Inc. Toll-free: 1-888-595-6444 Website: www.alya.com Email: stock@alya.com |
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