Ascent Logic Corporation announces record earnings for 1996.SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.--(BUSINESS WIRE)--June 6, 1997--Ascent Logic Corporation reported today that 1996 revenues increased 65 percent for the year ended December 31, 1996 as compared to the previous year. Revenue for the 1996 was the best annual result in company history and exceeded expectations in both revenue and profit. All of Ascent Logic's strategic business units, including the Systems Engineering Business unit and the Information Systems Re-engineering (ISR (Interrupt Service Routine) Software routine that is executed in response to an interrupt. ) division continued to be profitable. "The successful implementation of Ascent's business development strategy continues to have a significant impact on our top and bottom lines, and has resulted in record operating results for 1996," said Larry McArthur, 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. of Ascent Logic. "We intend to increase Ascent Logic's presence in this market and continue to develop strategic partnerships with leading market players." During the year the company reached business agreements with Data Dimensions, Logica and ReGenisys to implement Ascent Logic's Year2000Plus product suite with their Year 2000 solutions. Ascent Logic also introduced their Year2000Plus product suite. Ascent Logic Corporation, founded in 1987, is the premier supplier of Systems Engineering and Information Systems Re-engineering (ISR) software products and related consulting and training services. ALC (Assembly Language Coding) A generic term for IBM mainframe assembly languages. 1. ALC - Assembly Language Compiler. 2. ALC - Airline Line Control. develops, markets, and supports the RDD-100 product family for requirements' analysis, traceability, and modeling of complex systems. The ISR methodology, process and tool-suite has been tailored to address the special problems associated with large legacy systems and the year 2000. Headquartered in San Jose, California San Jose (IPA: /ˌsænhoʊˈzeɪ/) is the third-largest city in California, and the tenth-largest in the United States. It is the county seat of Santa Clara County. , ALC is a privately held, venture-capital funded company with sales and support offices and affiliates in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Europe, and Asia. More information about ALC can be obtained on the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the , by accessing: http//www.alc.com . CONTACT: Ascent Logic Corporation Ephraim Kwok, 408/943-0630 kwok@alc.com |
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