Atlanta Technology Group Reports Year End Results.ATLANTA--(BUSINESS WIRE)--July 10, 1998--Atlanta Technology Group (ATYG, 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 BB) announced its results for the year ended Dec. 31, 1997. Financial results for the year: -0-
Dec. 31, 1997 Dec. 31, 1996
Revenues $ 1,262,951 $ 1,600,786
Loss $ (304,696) $ (754,119)
Earnings per share $ (.06) $ (.23)
During 1997, the company changed its policy of accounting for software development costs. The change was a conversion from a charge as a capitalized Capitalized Recorded in asset accounts and then depreciated or amortized, as is appropriate for expenditures for items with useful lives longer than one year. cost to an expense which is charged against operations at time these costs are incurred. This change resulted in a charge of $204,715 in fiscal 1997 and $241,098 in fiscal 1996.
CONTACT: Atlanta Technology Group Inc.
James Cassidy, 770/671-0600
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