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CCI/Triad Operating Cash Flow Increases 41 Percent; Technology Provider to Automotive Aftermarket, Hardlines, Lumber Industries Continues to Strengthen Financial Position.


Business Editors and High-Tech/Automotive Writers

AUSTIN, Texas--(BUSINESS WIRE)--Aug. 14, 2000

CCI/Triad, the leading provider of technology solutions to the automotive aftermarket and the hardlines and lumber industries, today announced a 41 percent increase in its operating cash flow Operating cash flow

Earnings before depreciation minus taxes. Measures the cash generated from operations, not counting capital spending or working capital requirements.
 for the third fiscal quarter ending June 30, 2000.

For the nine-month period that ended June 30, the company reported a 73 percent improvement in operating cash flow compared to the prior year period. The Form 10-Q Form 10-Q

See 10-Q.
 report was released today.

CCI/Triad defines operating cash flow as EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) A metric used to show a company's profitability, but not its cash flow. EBITDA became popular in the 1980s to show the potential profitability of leveraged buyouts, but has become  (earnings before interest, taxes, depreciation and amortization Earnings before interest, taxes, depreciation and amortization (EBITDA) is a non-GAAP metric that can be used to evaluate a company's profitability.
:EBITDA = Operating Revenue – Operating Expenses + Other Revenue
) less capital expenditures. The company focuses on operating cash flow as the key financial metric to measure the cash profitability of the business. The operating cash flow generated for the third quarter was $4.1 million, compared to $2.9 million for the same quarter of fiscal year 1999. For the nine-month period that ended June 30, CCI/Triad achieved $12.4 million of operating cash flow, compared to $7.1 million during the prior year's period. According to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 Mike Aviles, CCI/Triad president and COO, these results keep CCI/Triad on track to meet its fiscal year financial goals.

"We are pleased with our third straight quarter of solid, year-over-year improvements in our financial performance," Aviles said. "During this past quarter, we boosted our EBITDA and operating cash flow margins while reducing our net investment in working capital by $8.5 million. The improved financial results reflect our ability to execute and drive improved customer service. Further, our recent announcements of Aftermarket ConneX and our involvement in the formation of Internet Autoparts Inc. (IAP (Internet Access Provider) See ISP.

IAP - Internet Access Provider
) underscores our ability to provide our customers with the technological leadership that allows them to efficiently grow and manage their businesses in existing and new marketplaces."

As of June 30, CCI/Triad had more than $27 million available under its bank revolver. This provides the company with the ability to incrementally borrow up to that amount for general corporate purposes including investments in new products and services.

"We will continue to make prudent investments in our products, our services and our people," Aviles said.

About CCI/Triad

CCI/Triad, a division of Cooperative Computing Inc. (CCI CCI Chambre de Commerce et d'Industrie (France)
CCI CAM (Complementary and Alternative Medicine) Citation Index
CCI Chamber of Commerce and Industry (Western Australia) 
), has a more than 25-year history of leading the design, development and servicing of management information systems and solutions to the automotive aftermarket and hardlines and lumber industries. CCI/Triad's system offerings are enhanced by extensive information services See Information Systems.  featuring highly specialized database products and customer support and maintenance services. CCI/Triad is headquartered in Austin, Texas, and has operations in Livermore, Calif.; Denver, Colo.; Brooklyn Park Brooklyn Park, city (1990 pop. 56,381), Hennepin co., SE Minn., a suburb of Minneapolis; chartered as a city 1969. Manufacturing includes machinery, wood and metal products, tools, feeders, and medical and pharmaceutical supplies. , Minn., Newton, NJ; San Antonio, Texas “San Antonio” redirects here. For other uses, see San Antonio (disambiguation).
San Antonio is the second most populous city in Texas, the third most populous metropolitan area in Texas, and is the seventh most populous city in the United States. As of the 2006 U.S.
; and internationally in Canada, France, Ireland and the United Kingdom. For more information on CCI/Triad, Aftermarket ConneX, or Internet Autoparts Inc., visit the Web site at http://www.cci-triad.com.

The statements contained in this document which are not historical facts are forward-looking statements within the meaning of 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, including statements as to industry trends, future economic performance, anticipated profitability, anticipated revenues and expenses, and products or service line growth. Investors are cautioned that forward-looking statements are inherently uncertain and subject to risks. Actual results may differ materially from the future results, performance or achievements expressed or implied by such forward-looking statements. Factors that might cause such a difference include but are not limited to those risks and uncertainties identified in CCI/Triad's ("the Company") Quarterly Report on Form 10-Q, dated August 14, 2000, which has been filed with the United States Securities and Exchange Commission. The Company assumes no duty to update information contained in this document at any time.
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Publication:Business Wire
Date:Aug 14, 2000
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