Cintech Announces 1st Quarter 1999 Results - Company Continues Growth and Profitability Trends -.CINCINNATI, Ohio--(BUSINESS WIRE)--Oct. 26, 1998--Cintech Tele-Managem (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :CTM CTM Continuum (gaming) CTM Community Trade Mark (Europe) CTM Cisco Transport Manager CTM Confederacion de Trabajadores de Mexico (Spanish: Confederation of Mexican Workers) .) Cintech Tele-Management Systems today announced US$.08 earnings per share on Net Profit of US$1 million for the first quarter of fiscal 1999 ending September 30, 1998. This compares to US$0.01 earnings per share on Net Profit of US$106,000 in the corresponding quarter of last year. Revenues increased 60 percent to US$3.3 million versus US$2.1 million in the comparable period of the prior year. Gross Profit was US$2.2 million, an increase of 62 percent over the comparable period. "Cintech continued its growth and profitability trends for the quarter, a reflection of both the strong market for sNY. In addition to powerful new features, PRELUDE prelude (prā`l  d), musical composition of no universal style, usually for the keyboard. It was originally used to precede a ceremony and later a second, often larger piece. and CINPHONY can now co-reside on the
same Norstar Applications Module with other applications like Norstar
Voice Mail aoice Mail. This marketing initiative effectivelyequirements
grow.""Our first quarter results reflect the initial impact of the transition to these new packaging initiatives with Nortel Networks (Nortel Networks Limited, Brampton, Ontario, www.nortelnetworks.com) A world leader in telecommunications products, which includes switching, wireless and broadband systems for service providers and carriers, telephones and systems for residential and business users, computer telephony ," continued Ms. Ktanding results of the first quarter provide a strong foundation for the fiscal year, and we look forward totems totems (tō·t  mz),n. Selected Financial Data (Unaudited, In US Dollars) Fiscal 1999 --------- Income Data Net Sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight er Share $0.08 $0.01 Balance Sheet Current Assets Current Assets Appearing on a company's balance sheet, it represents cash, accounts receivable, inventory, marketable securities, prepaid expenses, and other assets that can be converted to cash within one year. 112,326 2,619,967 Current Liabilities Current Liabilities Usually appearing on a company's balance sheet, it represents the amount owed for interest, accounts payable, short-term loans, expenses incurred but unpaid, and other debts due within one year. ting ting n. A single light metallic sound, as of a small bell. intr.v. tinged , ting·ing, tings To give forth a light metallic sound. Activities (568,770) 378,167
About Cintech
Cintechompanies. Today, Cintech is the recognized leader of ACD solutions
to
its target market of small and mid-sized call centers. Since 1990,
Cintech has been the provider of ACD software for Nortel Networks best
selling, low-end telephone system, called Norstar. Cintech's ACD
products for Norstar are distributed by Nortel Networks through its
Authorized Norstar Distribution network that includes companies such
at GTE, Sprint, Williams Communications, Ameritech and Bell Canada.
Cintech also is in partnership with NEC America. The Company's
JAZZ2000 ACD is designed for NEC's mid-sized NEAX(R)2000 IVS telephone
system, which expands Cintech's market for ACD to businesses with up
to 500 telephone lines. JAZZ2000 is sold through NEC's network of
dealers across North America.
Certain statements in this news release (for example, statements
using the expressions "the Company expects" or "the Company
anticipates" and other similar statements) contain "forward looking"
information (as defined in the Private Securities Litigation Reform
Act of 1995) involving risks and uncertainties, including without
limitation, projections for sales and expenditures, and various
business environment and trend projections. Actual future results and
trends may differ materially depending on a variety of factors,
including, but not limited to, the risks discussed in the Company's
periodic filings with the Securities and Exchange Commission.
Investors are encouraged to consider the risks detailed in those
filings.
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