Applied Terravision Systems Sees Investor Recognition of Successful E-business Strategy Driving Recent Stock Activity.Business Editors DALLAS and CALGARY, Alberta--(BUSINESS WIRE)--Jan. 14, 2000 NOTE: All figures in Canadian dollars Noun 1. Canadian dollar - the basic unit of money in Canada; "the Canadian dollar has the image of loon on one side of the coin" loonie dollar - the basic monetary unit in many countries; equal to 100 cents unless otherwise noted. Officials at Applied Terravision Systems Inc. (ATS) (CDNX CDNX See Canadian Venture Exchange (CDNX). :TER Third version. See bis. ) said they believe the recent large increases in share volume and stock price show that the investment community has recognized the success of the information technology company's e-Business strategy. "Investors have taken an aggressive interest in Applied Terravision recently, and we appreciate the recognition of our company's value by the investment community," said Bob Tretiak, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "ATS is proving itself in the business-to-business marketplace as a well-run enterprise using cutting-edge technology." Shares of the company have traded in the $2 range, a threefold increase from a month ago, with recent volume of about 700,000 shares, a tenfold tenfold Adjective 1. having ten times as many or as much 2. composed of ten parts Adverb by ten times as many or as much Adj. 1. increase from mid-December. ATS uses Internet-based applications to help banks, energy companies, government agencies and others manage revenue-producing assets such as oil wells, mining operations, trusts and other land-related holdings -- particularly those with complicated, multiple ownership. The company reported year-end (Sept. 30) revenues of $24.226 million, an increase of 60 percent over FY 1998. EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) A metric used to show a company's profitability, but not its cash flow. EBITDA became popular in the 1980s to show the potential profitability of leveraged buyouts, but has become (Earnings Before Interest, Taxes, Depreciation and Amortization Earnings before interest, taxes, depreciation and amortization (EBITDA) is a non-GAAP metric that can be used to evaluate a company's profitability.
In December, ATS announced the purchase of PetroComp Systems, a division of TexSYS Corporation, a private company based in Dallas. PetroComp Systems is a 21-year-old Houston provider of integrated financial and operation system software to more than 200 companies. Two relatively large sales of software and services to U.S. petroleum companies have occurred recently. The sales, to Lariat Petroleum, Inc., of Tulsa, Okla., and the former American Trading & Production Co. (ATAPCO), of Houston, amount to about US$600,000 in revenue. In Canada, ATS recently sold 18 new systems and upgrades worth more than $300,000 in software and services to petroleum companies based in Calgary. Applied Terravision Systems is frequently recognized for its rapid growth and was just informed that it has ranked in the top 30 among Alberta's Year 2000 Fastest Growing Companies by Alberta Venture (www.alberta-venture.com). With offices in Dallas, Houston and Calgary, Applied Terravision Systems provides mission-critical e-business information solutions that effectively manage the complex ownership of revenue-producing assets for government organizations, blue-chip companies Blue-chip company Used in the context of general equities. Large and creditworthy company. Company renowned for the quality and wide acceptance of its products or services, and for its ability to make money and pay dividends. Gilt-edged security. and small businesses around the globe. This news release and more information are available at www.atsi.com. |
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