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BCAM International, Inc. reports financial results for the year ended December 31, 1996.


MELVILLE, N.Y.--(BUSINESS WIRE)--April 11, 1997--BCAM International, 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
: BCAM BCAM Broad Contemporary Art Museum
BCAM Basic Communication Access Method
BCAM B-Cell Adhesion Molecule
BCAM Boston Company Asset Management, LLC
BCAM Business Computer-Aided Manufacturing
BCAM Bank Cost Analysis Model
), today reported results for the fourth quarter and full year ended December December: see month.  31, 1996. The Company narrowed its fourth quarter net loss to $342,439 or $(.02) per share from a net loss of $445,520 or $(.03) a share in the comparable period of 1995. Total revenue, including interest income, for the 1996 fourth quarter was $224,278 compared to $211,989 in the three month period ended December 31, 1995.

For the 1996 fiscal year, BCAM reduced its loss to $1,514,140 or $(.10) per share from $1,689,480 or $(.11) per share a year earlier. Total revenue, including interest income, for 1996 was $658,609 compared to $926,103 for 1995, a decrease of $267,494. Total direct costs and expenses declined by $442,834 in 1996 to $2,172,749 from $2,615,583 in 1995.

The fourth quarter and full-year per share results improved from the comparable periods of the prior year as costs and expenses continued to be held in check and BCAM's restructured operations began to point toward increasingly positive financial results in 1997.

As the Company held the line financially during the fiscal year, BCAM continued to make great strides in several areas designed to further the market penetration Noun 1. market penetration - the extent to which a product is recognized and bought by customers in a particular market
penetration - the act of entering into or through something; "the penetration of upper management by women"
 of its unique technology and proprietary ergonomic ergonomic - Concerning ergonomics or exhibitting good ergonimics.  software. BCAM's objective to obtain a meaningful revenue stream from its proprietary Intelligent Surface Technology (IST) was brought closer to realization by its strong intellectual property position, which resulted in the issuance of four patents and a notice of allowance for a pending software patent on IST. Four additional patents were filed including one for a critical component needed to miniaturize min·i·a·tur·ize  
tr.v. min·i·a·tur·ized, min·i·a·tur·iz·ing, min·i·a·tur·iz·es
To plan or make on a greatly reduced scale.



min
 the application of IST for the footwear Footwear consists of garments worn on the feet. It is worn for a variety of reasons, including protection against the environment, hygiene and adornment. Usually, socks and other hosiery are worn between the feet and the footwear, except for sandals and flip flops (thongs).  market which BCAM intends to secure and exploit in 1997 and beyond.

Commenting on the results, Michael Strauss, Chairman and Chief Executive Officer of BCAM stated, "In 1996, BCAM made great strides in its strategy to: (1.) Broaden, strengthen and accelerate the development and commercialization of BCAM's Intelligent Surface Technology (IST); (2.) further develop and market the Company's proprietary ergonomic software, which consists of MQPRO(TM) (formerly Mannequin(R), and the EARLY(R) process and; (3.) identify an opportunistic opportunistic /op·por·tu·nis·tic/ (op?er-tldbomacn-is´tik)
1. denoting a microorganism which does not ordinarily cause disease but becomes pathogenic under certain circumstances.

2.
 and synergistic synergistic /syn·er·gis·tic/ (sin?er-jis´tik)
1. acting together.

2. enhancing the effect of another force or agent.


syn·er·gis·tic
adj.
1.
 acquisition to exploit the application of our Intelligent Surface Technology. The Company made significant progress in its refined business mission, emphasizing and pursuing three areas of business growth --- Technology, Software, and finding the appropriate acquisition."

In particular, a number of events took place during the fourth quarter that are indicative of progress being made by BCAM in virtually all of these growth areas:

--- United Airlines began to incorporate BCAM's ergonomic design specifications in its Business Class seats being supplied by the Seat Products Division of BE Aerospace.

--- BCAM entered into a partnership with Long Island Lighting Company and Frisby Technologies, Inc. to develop a method of cooling the heavy insulated in·su·late  
tr.v. in·su·lat·ed, in·su·lat·ing, in·su·lates
1. To cause to be in a detached or isolated position. See Synonyms at isolate.

2.
 work gloves used by electrical utility workers.

--- BCAM signed a letter of intent to acquire Drew Shoe Corp., one of the nation's largest medical footwear companies. This was followed by a definitive agreement with Drew on March 19, 1997, subject to completion of the financing which is expected to take place during the second quarter of 1997.

Mr. Strauss continued, "I am happy to state that with the anticipated acquisition of Drew Shoe Corporation, which we announced in 1996, BCAM's restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics).  will be completed. We expect that in 1997, we will begin exploiting the medical footwear market. Moreover, we expect several products incorporating our Intelligent Surface Technology, including a 1998 model year luxury automobile, to be introduced into the market and to begin producing royalty-based revenue. In addition, based on groundwork laid during the fourth quarter of 1996, we have launched and begun selling HumanCAD(R) three-dimensional human modeling software and software based consulting services Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.)
service - work done by one person or group that benefits another; "budget separately for goods and services"
, which will produce revenue in 1997. After years of hard work and development, I am confident that 1997 will be the year that will bear the fruit of our labors; it will be the start of many growth years for BCAM."

BCAM International, Inc. is a software technology company, specializing in ergonomic solutions for individuals, major corporations and governments.

Safe Harbor Safe Harbor

1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated.

2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive.
 Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and  of 1995. This announcement contains " forward-looking" statements. The words "anticipate," "believe," "estimate" and "expect" and other similar expressions as they relate to the Company and its management are intended to identify such forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
. Although the Company and its management believe that the statements contained in this announcement are reasonable, it can give no assurance that such statements will prove correct. Factors that could affect the occurrence of events or results discussed herein include those mentioned in the Company's Form 10-KSB. -0-
                       BCAM INTERNATIONAL INC.
                       Table of Financial Results
                              (Unaudited)

                           Three months ended           Year ended
                             December 31,              December 31,
                         1996            1995        1996        1995


Revenue from
 operations          $   220,651   $   179,196  $   604,554  $  752,077
Interest Income            3,627        32,793       54,055     174,026
Total revenue            224,278       211,989      658,609     926,103
Costs and expenses       566,717       657,509    2,172,749   2,615,583
Net (loss)            $ (342,439)   $ (445,520) $(1,514,140) $(1,689,480)
Net (loss)
 per share                $(0.02)       $(0.03)      $(0.10)     $(0.11)
Weighted average
number of shares
outstanding           14,878,619    14,857,233   14,868,128  14,818,055





CONTACTS: Michael Strauss/BCAM International, Inc.

(516) 752-3550

Stanley Stanley, town (1991 pop. 1,557), capital of the Falkland Islands, S Atlantic Ocean, on East Falkland island. It is the main port and trading center of the islands. The name is sometimes written as Port Stanley.  Altschuler, Alan Goldsand

Strategic Growth International, Inc.

(516) 829-7111
COPYRIGHT 1997 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1997, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Apr 11, 1997
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