Accugraph stock to trade on NASDAQ beginning Feb. 21.EL PASO El Paso (ĕl pă`sō), city (1990 pop. 515,342), seat of El Paso co., extreme W Tex., on the Rio Grande opposite Juárez, Mex.; inc. 1873. , Texas--(BUSINESS WIRE)--Feb. 16, 1995--Accugraph Corp., a leading supplier of Network Information Software, announced Thursday its common stock will begin trading on Feb. 21 in the 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 SmallCap Market under the symbol ACCUF. The company's stock will continue to be cross-listed on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. . In November, Accugraph reported record growth for the third quarter ended Sept. 30, 1994. Total revenue was $6.5 million, an increase of 75% from the $3.7 million reported for the same period last year. Net income was $1.9 million, compared to $1.1 million reported last year. Net income per Class A share was 11 cents, compared to last year's 9 cents. Revenue for the nine months ended Sept. 30, 1994, was $17.8 million, a 90% increase over the $9.4 million reported for the same period last year. Net income for the nine-month period was $4.0 million, a substantial increase from the $646,000 reported last year. Per share net income for the nine months was 25 cents compared to last year's 6 cents. Accugraph's systems are key elements in network and facility management, telecommunications and infrastructure design. The company's Network Information Software provides fully integrated data and graphical information, documented from the face plate to the central office. The product provides two-way links with the top logical management platforms, HP's OpenView, IBM's NetView/6000, SunConnect's SunNet Manager, and Cabletron's SPECTRUM 3.0, as well as trouble-ticketing systems like Remedy Corp.'s ARS and LEGENT's Paradigm. Last October PCWeek, a major trade publication, in reviewing second quarter results for leading U.S. software companies, listed Accugraph as having the sixth fastest growth in revenues and the second fastest in net income. The company began marketing its graphic information management and design software in 1971, and currently has more than 10,000 installations worldwide. Accugraph has sold its Network Information Software to major clients including US West Communications, Citibank, Northern Telecom, the Federal Aviation Agency, GTE GTE General Telephone & Electronics GTE Génie Thermique et Énergie (French) GTE Gas Turbine Engine GTE Global Tropospheric Experiment GTE Geothermal Energy GTE Gas Turbine Efficiency plc (Sweden & USA) , SONY, USAA USAA United Services Automobile Association USAA Urban Superintendents Association of America USAA United States Achievement Academy USAA United States Arbitration Act of 1925 USAA United States Axemen's Association USAA United States Air-Table-Hockey Association , Hewlett-Packard, 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) , Sallie Mae Sallie Mae: see SLM Corporation. and Westinghouse. Accugraph employs a direct sales force in various locations throughout North America, as well as a distribution partner network that markets Accugraph products in 25 countries worldwide. The company recently appointed as its new president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. Dennis McGinn, a long-time Hewlett-Packard executive, who previously served as president of the Ingres Business Unit of the ASK Group. Accugraph's corporate headquarters is in El Paso, with research and development facilities in El Paso, Seattle, and Huntsville, Ala. CONTACT: Accugraph Corp. Ron Munden or Lee Brownfield, 915/581-1171 |
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