ATS Money Systems reports financial results.ENGLEWOOD, N.J.--(BUSINESS WIRE)--Nov. 15, 1994--ATS Money Systems Inc. (OTC BULLETIN BOARD OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. :ATSM ATSM At The Same Time ATSM Acute Traumatic Stress Management ATSM Area Technical Support Manager ) announced the results for the quarter ended Sept. 30, 1994. Gerard F. Murphy, president and chief executive officer of ATS Money Systems Inc., commented "Revenues for the three month period ended September 30, 1994, were $1,581,484 compared to $1,790,731 in the comparable period of 1993. This decrease was primarily attributable to a decrease in shipments of the CP-2000 to existing customers which were not offset by shipments of the new CP-3000 due to delays in the finalization Writing the table of contents (TOC) on a recordable CD or DVD disc. The finalization process ensures that the disc can be played back on most CD and DVD players. See disc-at-once. of two pilot installations in the retail industry. The decrease in equipment and systems sales was partially offset by sales of the Subsidiary which is commented on below. Selling, general and administrative costs administrative costs, n.pl the overhead expenses incurred in the operation of a dental benefits program, excluding costs of dental services provided. increased $166,414 (25.3%) to $824,520 in 1994 from $658,106 in 1993. This was primarily attributable to additional expenses of operating the Subsidiary, which amounted to $119,065 or 71.5% of the total increase, and, to a lesser extent, the use of outside consultants. In keeping with the previously announced company policy of seeking business alliances and acquisitions, on August 25, 1994, the company, through a newly formed wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , IEI IEI Institution of Engineers of Ireland IEI International Electronics Inc IEI Institution of Engineers India IEI International Epidemiology Institute IEI Israel Export Institute IEI Indoor Environmental Institute IEI Interrupt Enable Input Acquisition Corp., (the "Subsidiary"), purchased certain assets and assumed certain liabilities of a subsidiary of Dynatech Corporation, headquartered in Miramar, Florida For other uses, see Miramar. Miramar is a city in Broward County, Florida, United States. The city was named after a town in Cuba. As of 2006, the population estimated by the U.S. Census Bureau is 106,590. . The Subsidiary, which changed its name to Innovative Electronics Inc., designs, manufactures and supports both hardware and software systems utilized in retail stores, and which complement those currently sold by ATS." -0-
Quarter ended 9/30 Nine months ended 9/30
1994 1993 1994 1993
Total revenues $1,581,484 $1,790,731 $3,735,702 $3,746,719
Net income $ 141,032 $ 453,347 $ 255,186 $ 634,609
Earnings per share $ .02 $ .08 $ .04 $ .11
CONTACT: ATS Money Systems Inc. Gerard F. Murphy, 201/894-1700 |
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