CAM Commerce Announces Shareholder Update Letter.Business Editors and High-Tech Writers FOUNTAIN VALLEY Fountain Valley, city (1990 pop. 53,691), Orange co., S Calif.; inc. 1957. Chiefly residential, Fountain Valley also has diverse manufactures, including apparel, computer equipment, semiconductors, and medical equipment. A U.S. navy helicopter facility is there. , Calif.--(BUSINESS WIRE)--June 6, 2002 CAM Commerce Solutions "CAM" (Nasdaq:CADA CADA Canadian Automobile Dealers Association CADA Capitol Area Development Authority CADA Canadian Alliance of Dance Artists CADA Central Area Development Association CADA California Association of Directors of Activities (Santa Cruz, CA) ) today announced that 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. Geoff Knapp has issued a shareholder letter, which provides a complete corporate update on the progress of the company. The letter can be viewed on the company's Web site at www.camcommerce.com. CAM's strategic plan includes its ongoing initiative to become a "total infrastructure" provider for the automation needs of small- to medium-size, brick and mortar See bricks and mortar. and Web retailers, as well as to related types of businesses. In the letter, the following issues were covered: -- How the general economic environment is affecting the company's sales cycle. -- Various corporate initiatives the company has taken to optimize their operational performance. -- The necessary steps CAM is taking to become "a total infrastructure provider," including how the company expects to monetize their customer base through X-charge, i.STAR, and A-Trade. Knapp stated: "It is our goal to continue building our 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 to a point at which we can suffer downturns in the market like the ones we have seen, and yet still produce acceptable profits. "We are making progress towards that goal. Our margins are improving, our sales mix sales mix See product mix. is improving and our recurring revenues are growing, while our debt-free balance sheet boasts approximately $3.17 per share in cash. We are a well-run company and have an excellent management team in place. "If market conditions improve we could see significant improvements immediately. If they don't improve, it will take longer as we continue to implement our plans. Eventually though, it is my expectation that we will not have to rely on improving market conditions to report excellent results. I ask for your patience and thank you for your continued support." About CAM Commerce Solutions CAM Commerce Solutions Inc. provides total commerce solutions for traditional and Web retailers that are based on the company's open architecture software products for managing inventory, point of sale, sales transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. and accounting. These solutions often include hardware, installation, training, service, and consulting provided by the company. CAM has more than 10,000 retail customers with many more store locations utilizing its systems to manage their business. You can visit CAM Commerce Solutions at www.camcommerce.com. Important Information The statements made in this news release, including those relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the expectations of profitability, economic climates, are forward-looking and are made pursuant to the 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. provisions of the Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Reform Act of 1995. Words such as "will," "should," "believe," "expect," "anticipate," "outlook," "forecast," and other similar expressions that predict or indicate future events or trends, or that are not statements of historical matters, identify 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. . Expectations concerning financial results for future quarters are not actual results and are based upon preliminary estimates, as well as certain assumptions management believes to be reasonable at this time. Investors should not rely upon forward-looking statements because they are subject to a variety of risks, uncertainties, and other factors that could cause actual results to differ materially from the company's expectations, and the company expressly does not undertake any duty to update forward-looking statements which speak only as of the date of this news release. In addition to the factors set forth elsewhere in this release, the economic, competitive, technological, and other factors identified in CAM Commerce Solutions' filings with the Securities and Exchange Commission could affect the forward-looking statements contained in this news release. |
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