BROADWAY & SEYMOUR, INC. REPORTS PRELIMINARY RESULTS FOR THE THREE MONTHS ENDED DECEMBER 31, 1996.CHARLOTTE, N.C.--(BUSINESS WIRE)--Jan. 16, 1997--Broadway & Seymour Seymour. 1 Town (1990 pop. 14,288), New Haven co., SW Conn., on the Naugatuck River; settled c.1678, inc. 1850. The industrial village of Seymour has metallurgical manufactures. 2 City (1990 pop. 15,576), Jackson co., SE Ind.; inc. 1864. A shipping center for a farm area, it is also a manufacturing city., Inc. (NASDAQ:BSIS BSIS - Battlefield Strategic Information System BSIS - Bureau of Security and Investigative Services (California, USA)) announced today that, based on preliminary unaudited fourth quarter 1996 results, it expects to break even Break even The reduction of a project's net cash flow to zero by altering an input variable such as price or costs. for the period. The Company expects that final fourth quarter and fiscal 1996 audited results will be completed and released in mid-February. Alan C. Stanford, Chairman and CEO, stated, "Following three quarters of refocusing and rationalization, we have met our plans to break-even. We believe that the transformation undertaken in 1996 is now essentially complete and, based on the facts and circumstances known at this time, we expect profitable operations with continually improving quarterly progress throughout 1997." Broadway & Seymour is a software and services company providing integrated, information technology-enabled business solutions for relationship management including call centers, intranet & internet solutions and the financial and professional services markets. Its focused capabilities and people position Broadway & Seymour as a leading provider of rapidly implemented systems, technologies and processes to assist its customers in achieving success. NOTE: This press release contains certain "forward-looking statements" within the meaning of Section 27A of the Securities Exchange Act of 1934, as amended, that represent the Company's expectations or beliefs concerning future events. Such forward-looking statements are about matters that are inherently subject to risks and uncertainties. Factors that could influence the matters discussed in certain forward-looking statements include the timing and amount of revenues that may be recognized by the Company, continuation of current expense trends, absence of unforseen changes in the Company's markets, continued acceptance of the Company's services and products and general changes in the economy. CONTACT: Broadway & Seymour, Inc. David A. Finley or Lorin E. Brigden, 800-274-9287, email: lorin.brigden@bsis.com |
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