Bond International's Fortunes Continue to Rise; Staffing Software Leader's Sales, Profits, Earnings All Up in First Half of 2005.RICHMOND, Va. -- Bond International Software today reported substantial increases in sales, profits and earnings for the first half of 2005. The U.K.-based public company, whose February acquisition of eEmpACT made it the undisputed global leader in staffing and recruiting software, released a slew of impressive figures for the six-month period ending June 30, 2005. Among them: --A 40% increase in sales ($10.9 million, vs. $7.75 million for the same period last year) --A 59% increase in operating profit Operating profit (or loss) Revenue from a firm's regular activities less costs and expenses and before income deductions. operating profit See operating income. , before amortization of goodwill ($2.3 million vs. $1.45 million) --A 50% increase in pre-tax profit ($1.97 million vs. $1.3 million) --A 31% increase in earnings per share ($0.58 vs. $0.45) --A cash balance of $6.3 million Since the beginning of the year, Bond's eEmpACT Division, the leading staffing software solution for midrange midrange Epidemiology The halfway point or midpoint in a set of observations; for most data, MR is calculated as the sum of the smallest observation and the largest observation, divided by 2; for age data, one is added to the numerator; a midrange is usually companies, has implemented more than 100 new customers, representing thousands of users. Its enterprise product, Adapt, is the leading staffing software solution for large companies and currently represents eight of the world's top 10 staffing firms. "We are delighted with the progress Bond has made over the first six months of this year, both organically and through our acquisition," says Bond 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. Steve Russell
As the only publicly traded staffing and recruiting software company, Bond releases its financial results twice a year, as do all companies listed on the London stock exchange For lists of companies traded on the London Stock Exchange see
"Our financial strength is unparalleled, we're dominating the staffing software market, and we're super-confident about our prospects for the remainder of the year and beyond, as we continue to provide human capital management solutions to the staffing and recruiting markets globally." About Bond International Software Group A publicly held company quoted on the London Stock Exchange London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. , Bond International Software Group (www.bondadapt.com) is a pioneer in the development and provision of staffing software, support and consultancy services to the staffing and recruiting industries. It supports more than 50,000 staffing professionals in 42 countries worldwide and has over 160 employees worldwide in its offices in the U.K., Australia, South Africa South Africa, Afrikaans Suid-Afrika, officially Republic of South Africa, republic (2005 est. pop. 44,344,000), 471,442 sq mi (1,221,037 sq km), S Africa. , the U.S. and Canada. Since its founding in 1973, Bond has consistently combined innovation, dedication and market focus to forge forge Open furnace for heating metal ore and metal for working and forming, or a workshop containing forge hearths and related equipment. From earliest times, smiths (see smithing) heated iron in forges and formed it by hammering on an anvil. ahead of its competitors. Its products and services have achieved prestigious acclaim and are now the market choice of many of the world's largest and most well-respected personnel organizations. Its consistent, visionary 1. visionary - One who hacks vision, in the sense of an Artificial Intelligence researcher working on the problem of getting computers to "see" things using TV cameras. (There isn't any problem in sending information from a TV camera to a computer. perspective has enabled its network of global users to interpret and manage dynamic, complex markets and realize tangible competitive advantage in the race for human capital. Information Regarding Forward Looking Statements: This press release contains 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. . The statements regarding Bond International Software Group contained in this release that are not historical in nature, particularly those that utilize terminology such as "may," "will," "should," "likely," "expects," "anticipates," "estimates," "believes" or "plans," or comparable terminology, are forward-looking statements based on current expectations and assumptions, and entail entail, in law, restriction of inheritance to a limited class of descendants for at least several generations. The object of entail is to preserve large estates in land from the disintegration that is caused by equal inheritance by all the heirs and by the ordinary various risks and uncertainties that could cause actual results to differ materially from those expressed in such forward-looking statements. Important factors known to Bond International Software Group that could cause such material differences are identified and discussed from time to time in Bond International Software Group's filings with the London Stock Exchange. Bond International Software Group undertakes no obligation to correct or update any forward-looking statements, whether as a result of new information, future events or otherwise. You are advised, however, to consult any future disclosure Bond International Software Group makes on related subjects in future reports to the London Stock Exchange. |
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