AW Computer Systems reports year-end results.MOUNT LAUREL, N.J.--(BUSINESS WIRE)--March 29, 1996--AW Computer Systems Inc. (NASDAQ-NMS:AWCSA) reported today operations for the Dec. 31, 1995 year which resulted in a net loss of $2,341,018, or 56 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. , compared to $1,318,337, or 34 cents per share, in the prior year. Revenues for the year ended Dec. 31, 1995 were $3,424,341 compared to $4,721,168 for the year earlier. Mr. Welch, CEO/President, commenting on the 1995 results and current operations, noted that the company has completed development for pilot installation of its two new products, CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. and Wizard. He emphasized that, as previously announced, bringing these products to fruition fru·i·tion n. 1. Realization of something desired or worked for; accomplishment: labor finally coming to fruition. 2. Enjoyment derived from use or possession. 3. continued to adversely affect financial results and the company's operating loss operating loss The excess of operating expenses over revenue. As with operating income, operating losses exclude revenues and expenses from operations that are not considered a regular part of the business. Also called deficit. Compare operating income. would extend into mid-1996. However, Mr. Welch further noted that the Wizard is now in pilot in two leading national retail chains. Wizard/Tutor significantly reduces the cost of training new cashiers by providing step-by-step on-line instructions during the data entry process thereby replacing the traditional costly practice of "pairing" the trainee with an experienced cashier CASHIER. An officer of a moneyed institution, who is entitled by virtue of his office to take care of the cash or money of such institution. 2. The cashier of a bank is usually entrusted with all the funds of the bank, its notes, bills, and other choses in . AW's new CPA product is scheduled for "live" pilot with a leading national supermarket chain with over 1,100 stores. The pilot expected to have been in operation this March is now anticipated to be "live" next month. CPA incorporates machine vision and is designed to improve accuracy and efficiency at supermarket checkout counters. The system has the ability to interpret visual images while relating these images to the point-of-sale transactions being processed. Discrepancies are recorded as an abnormal event, stored, and a System Alert is issued. As a result, CPA can greatly enhance store profitability. It is anticipated that additional CPA pilots in other national supermarket chains will follow with rollouts to commence in the second half of 1996. Since 1973, AW Computer Systems Inc. has provided point-of-sale system solutions to such major retailers as Winn-Dixie Stores Inc.; The Kroger Co.; Albertson's Inc.; Federated Connected and treated as one. See federated database and federated directories. Department Stores This is a list of department stores. In the case of department store groups the location of the flagship store is given. This list does not include large specialist stores, which sometimes resemble department stores. ; Ames Department Stores; Macy's; Safeway Stores; Bi-Lo Inc.; Wal-Mart; Caldor Inc., and The Hudson's Bay Co. in Canada. Headquartered in Mount Laurel, AW is a Business Partner with the IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) Corp., a Solution Partner with AT&T/GIS Corp., a Microsoft(R) Solution Provider, and is cooperating with Fujitsu-ICL Systems Inc. in providing point-of-sale compatibility solutions to major retailers. -0-
AW Computer Systems Inc.
Condensed Financial Results
Twelve Months Ended
Dec. 31,
1995 1994
Revenues $ 3,424,341 $ 4,721,168 Net loss (2,341,018) (1,318,337) Net loss income per share $(0.56) $(0.34) Average shares outstanding 4,151,058 3,855,750 CONTACT: PDA (Personal Digital Assistant) A handheld computer for managing contacts, appointments and tasks. It typically includes a name and address database, calendar, to-do list and note taker, which are the functions in a personal information manager (see PIM). Associates 201/543-4002 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion