Canterbury Reports First Quarter Revenues Double Net Income Triples.Business Editors/Hi-Tech Writers MEDFORD, N.J.--(BUSINESS WIRE)--April 13, 2000 Canterbury Information Technology, 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 :CITI CITI Columbia Institute for Tele-Information (Columbia University) CITI Center for Information Technology Integration (University of Michigan) CITI Collaborative IRB Training Initiative ) - for the three months ended February 29, 2000 revenues were $5,954,000 up from $2,802,000 in 1999. Net income was $157,000 up from $43,000 in 1999. Earnings per share was $.02 in 2000 up from $.01 in 1999. Stanton M. Pikus, President, said, "Due to internal growth and the acquisition of USC/Canterbury Corp. in the fourth quarter of 1999, revenues increased 112%; net income increased 265%; earnings per share doubled. Common stock outstanding increased from 6,421,000 to 9,508,000 shares; net worth is $18,888,000; and total assets are $27,519,000." "We are very pleased with our progress and expect our growth to continue throughout the year. All four of our subsidiaries are performing well and CALC (tool, mathematics) Calc - An extensible, advanced desk calculator and mathematical tool written in Emacs Lisp by Dave Gillespie <daveg@synaptics.com>. Calc runs as part of GNU Emacs. Web University, our online training and educational portal, is fully operative. We are actively seeking the acquisition of profitable, well-managed companies in the information technology sector. Much of our past growth has resulted from strategic acquisitions and we expect this trend to continue." "Canterbury is working closely with e*machinery.net, inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : EMAC) to develop an industry specific portal which will serve the worldwide construction and mining industry. This major, ongoing project should contribute nicely to our revenue stream." The Canterbury Companies provide a wide variety of computer and management training programs and technology consulting services to Fortune 1000 companies. CALC/Canterbury is a Microsoft Solutions Provider and a Microsoft Certified Technical Education Center (CTEC CTEC Course and Teacher Evaluation Council (Northwestern University, Office of the Register) CTEC Certified Technical Education Center CTEC Certified Technical Education Center (Microsoft) ), as well as a Lotus Authorized Education Center (LAEC LAEC Lotus Authorized Education Center LAEC Leicester Adult Education College (Leicester, UK) LAEC Los Angeles Electronic Club ). CALC/Canterbury is the first Linuxcare Authorized Mentoring Center with the exclusive territory of the eastern seaboard and Texas. CALC/Canterbury provides application and technical computer training, technical services and staffing and both instructor led and on-line course development. CALC Web University, an online training portal, developed and hosted by CALC/Canterbury, focuses on design and delivery of online training in both Internet and intranet environments. USC/Canterbury, a CTEC in the Mid-Atlantic area, provides technical training and network development and design. USC/Canterbury is also a premier value added reseller See VAR. (company) value added reseller - (VAR, or "value added retailer") A company which sells something (e.g. computers) made by another company (an OEM) with extra components added (e.g. specialist software). of hardware and software. MSI/Canterbury offers sales and management training and consulting to corporations nationwide. ATM/Canterbury is a software consulting and development company that specializes in document imaging, tracking and retrieval. In addition to historical facts or statements of current condition, this press release may contain 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 Company's performance and financial results could differ materially from those reflected in the forward-looking statements due to general financial, economic, regulatory and political conditions or additional factors unknown to the Company at this time, as well as more specific risks and uncertainties such as those set forth in documents filed by the Company with the SEC (including, but not limited to, its most recent reports on Form 8-K Form 8-K The form required by the SEC when a publicly held company incurs any event that might affect its financial situation or the share value of its stock. Form 8-K See 8-K. , Form 10-Q Form 10-Q See 10-Q. and Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. , copies of which are available upon request or over the Internet at www.sec.gov). Given these risks and uncertainties, any or all of these forward-looking statements may prove to be incorrect. Therefore, current or prospective investors are cautioned not to place undue reliance on any such forward-looking statements. Furthermore, the Company has no intent, and disclaims any obligation, to update any such factors or forward-looking statements to reflect future events or developments. The Internet addresses for the Canterbury companies are: Corporate - www.canterburyciti.com CALC/Canterbury Corp. - www.calc.com USC/Canterbury Corp. - www.gettrained.com ATM/Canterbury Corp. - www.atmcan.com MSI/Canterbury Corp. - www.msitrain.com CALC Web University - http://learn.calc.com |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion