Atlanta Technology Group, Inc. reports third quarter profit.ATLANTA--(BUSINESS WIRE)--Oct. 21, 1996--Atlanta Technology Group, Inc. (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 :ATYG) announced its first profitable quarter ever. After many years of investment in product and market development, the financial results for the third quarter 1996 demonstrate that Atlanta Atlanta (ətlăn`tə, ăt–), city (1990 pop. 394,017), state capital and seat of Fulton co., NW Ga., on the Chattahoochee R. and Peachtree Creek, near the Appalachian foothills; inc. 1847. Technology Group, Inc. has turned the corner with a dramatically improving upward trend of sales and profits. Financial results for the 3rd quarter ending September September: see month. 30, 1996 were: Revenues $471,736 Profits $ 57,626 Earnings per share $.01 Atlanta Technology Group, Inc.'s growth in revenues in the third quarter was 57% over the revenues for the second quarter of 1996. For the second quarter of 1996, Atlanta Technology Group, Inc. posted a loss as a result of its on-going Adj. 1. on-going - currently happening; "an ongoing economic crisis" ongoing current - occurring in or belonging to the present time; "current events"; "the current topic"; "current negotiations"; "current psychoanalytic theories"; "the ship's current position" market development cost. The third quarter financial results verify (1) To prove the correctness of data. (2) In data entry operations, to compare the keystrokes of a second operator with the data entered by the first operator to ensure that the data were typed in accurately. See validate. the success that Atlanta Technology Group, Inc. is beginning to see with its proprietary medical correspondence software product Documentplus. Documentplus is a unique system developed for the medical correspondence industry. It was designed to eliminate 90% of the time doctors and their staff spend producing reports and correspondence to attorneys, insurance companies, patients, referring doctors and other medical records. Since the release of the product in September 1994, the company has installations in over 400 clinics 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. , Canada and Australia. Each system which is installed will generate recurring re·cur intr.v. re·curred, re·cur·ring, re·curs 1. To happen, come up, or show up again or repeatedly. 2. To return to one's attention or memory. 3. To return in thought or discourse. revenues which are now growing rapidly and contributing to the increased profitability of Atlanta Technology Group, Inc. As additional specialty modules are released, the company anticipates positive effects on revenues and establishing 1997 to be a record year for Atlanta Technology Group, Inc. in revenues and profits. CONTACT: Atlanta Technology Group, Inc. James Cassidy, 770/671-0600 |
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