Casdim reports record revenues and earnings for 1995; kiosk placements strong.TEL AVIV Tel Aviv (tĕl əvēv`), city (1994 pop. 355,200), W central Israel, on the Mediterranean Sea. Oficially named Tel Aviv–Jaffa, it is Israel's commercial, financial, communications, and cultural center and the core of its largest , Israel--(BUSINESS WIRE)--May 2, 1996--Casdim International Software Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :CDMI CDMI Commercial Driving Mechanical Institute (Midland, Michigan) ), a Colorado Colorado, state, United States Colorado (kŏlərăd`ə, –răd`ō, –rä`dō), state, W central United States, one of the Rocky Mt. states. company, today announced for the year ended Dec. 31, 1995, sales were $2,011,110, up from $188,351 in 1994. Casdim had net income of $690,815, or $0.36 per share, compared to a loss of ($82,612), or ($0.07) per share, in 1994. Casdim's gross profit margin Gross profit margin Gross profit divided by sales, which is equal to each sales dollar left over after paying for the cost of goods sold. gross profit margin A measure calculated by dividing gross profit by net sales. was 76.8% in 1995. Yehuda Shimshon, chairman and president of Casdim, stated, "The key to successful business development for Casdim is to strategically position a network of kiosks in order to offer a diverse network of information and transaction capabilities. We made great progress in this effort of kiosk kiosk Originally, in Islamic architecture, an open circular pavilion consisting of a roof supported by pillars. The word has been applied to a Turkish summer garden pavilion and a type of early Persian mosque. placements in 1995, our first true year of operation." Shimshon concluded, "In 1995, all of our kiosks were placed in Israel Israel, in the Bible Israel (ĭz`rēəl, ĭz`rāəl) [as understood by Hebrews,=he strives with God], according to the book of Genesis, name given to Jacob as eponymous ancestor of the Hebrews, the chosen people of God. . In the future, we plan to penetrate markets outside of Israel, including the U.S. marketplace, where we will implement the same strategy which has made us a leader in Israel. In a recent market study, industry research firm Frost and Sullivan projects that the total U.S. multi-media kiosk application market, which includes application software, computer hardware, and kiosks, will annually reach $2.7 billion by 1997." Casdim is a developer and marketer of kioks which are interactive stations that function either as information centers or points-of-sale. These stations maximize the availability of information and products through high-performance networks. Casdim exploits the potential of multimedia by transferring useful information from a company or organization to its target audience in a persuasive, attractive and efficient manner. Casdim's main products and services consist of the sale and lease of multimedia kioks; the development and sale of databases, kiosk and Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the home pages, servers, and communications applications; and the lease of kiosk space to vendors for advertising, marketing, and promotion of their products. Casdim believes that the fact that their kiosks are networked and that their focus is on the interactive multimedia kiosk industry will give them an edge in becoming a key player in this market. -0-
Casdim International Systems Inc.
Consolidated Statement of Income
Year ended Dec. 31,
1995 1994
Sales $2,011,110 $ 188,351 Cost of Sales 468,353 51,739 Gross Profit 1,542,757 136,612 Selling, Administrative and General Expenses 237,016 199,411 Income (Loss) from Operations 1,305,741 (62,799) Other Income (Expenses)
Interest Expense (75,272) (54,361)
Investment Activity Loss (93,142) --
Gain (loss) From Currency Fluctuations (6,203) 214
Total (174,617) (54,147)
Net Income (Loss) from Operations Before Taxes 1,131,124 (116,946) Income Tax Expense (440,309) 34,334 Net Income (Loss) 690,815 (82,612) Net Earnings (Loss) per Share 0.36 (0.07) Weighted Average Number of Shares Outstanding 1,899,000 1,134,000 CONTACT: Casdim International Software, Tel Aviv Yehuda Shimshon, 011-972-3-924-7910 or Sunrise Sunrise, city (1990 pop. 64,407), Broward co., SE Fla., a residential suburb 8 mi (13 km) W of Fort Lauderdale; inc. 1961 as Sunrise Golf Village. It is a major office and commercial center and the site of Sawgrass Mills, one of the largest malls in the United States. Financial Corp., New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Derek Caldwell, 212/421-1616 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion