Cintech Tele-Management Systems announces record quarter revenues & expanded distribution.CINCINNATI, Ohio--(BUSINESS WIRE)--July 11, 1995-- Cintech Tele-Management Systems (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) ) announced financial results for the three months ending May 31, 1995. All amounts are reported in US dollars. Sales for the first quarter of fiscal 1996 increased 64 percent to $1,363,000 compared to $829,000 for the comparable period in fiscal 1995. The Gross Margin increased to 58 percent, up from 56 percent in the first quarter of fiscal 1995. This resulted in Gross Profit for the quarter of $786,000, compared to Gross Profit for the first quarter of fiscal 1995 of $461,000, an increase of 70 percent. The Company's Net Loss for the first quarter was $249,000, representing a 37 percent decrease from the loss of $394,000 in the first quarter of fiscal 1995. The Loss per Share decreased to $(0.02) from $(0.03) in fiscal 1995. As of May 31, 1995, the Company had no outstanding debt obligations and had cash and marketable securities Marketable Securities Very liquid securities that can be converted into cash quickly at a reasonable price. Notes: Marketable securities are very liquid as they tend to have maturities less than one year, and the rate at which these securities can be bought or sold has totaling $2.2 million. "We are seeing positive signs indicating that the distributors for our core business - Automatic Call Distribution - are taking serious steps to increase penetration rates," commented Diane Kamionka, president and 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. of Cintech. "For example, the penetration rate for CINPHONY and PRELUDE for Norstar is now exceeding 4 percent, compared to 1.4 percent at this time last year. Many of the programs and relationships we have been building with the distributors for years are coming to fruition in terms of existing business as well as expanding partnerships. "Sprint recently announced their Total Call Center Solution - a new program to provide businesses all components needed for setting up and operating their call centers without up- front capital. One of their target markets, the small call center, can use Cintech's CINPHONY ACD (Automatic Call Distributor) A computerized phone system that responds to the caller with a voice menu and connects the call to the appropriate agent. It can also distribute calls equally to agents. and Nortel's Norstar phone system. The total solution is priced on a per minute of use basis with Sprint's 800 or outbound WATS WATS abbr. Wide-Area Telecommunications Service Noun 1. WATS - a telephone line;long distance service at fixed rates for fixed zones; an acronym for wide area telephone service WATS line services. This program is an example of the focus on ACD and applications that we are seeing from our major distributors. "We also signed an agreement with the Small Business Services unit of Ameritech, a leading Regional Bell Operating Company The Regional Bell Operating Companies (RBOC) are the result of the U.S. Department of Justice antitrust suit against American Telephone & Telegraph. History , to market and sell OCTuS PTA PTA or parent-teacher association: see parent education. , a personal communications control center software application. Ameritech distributes our business computer telephony See CTI, VoIP and IP telephony. Computer Telephony - Computer Telephone Integration applications including CINPHONY and PRELUDE ACD. OCTuS is featured in Ameritech's Small Business Services catalog catalog, descriptive list, on cards or in a book, of the contents of a library. Assurbanipal's library at Nineveh was cataloged on shelves of slate. The first known subject catalog was compiled by Callimachus at the Alexandrian Library in the 3d cent. B.C. that was mailed to approximately 200,000 existing and prospective customers. "Also, beginning in September, OCTuS PTA will be featured in MicroWarehouse Inc.'s MicroSystems WareHouse catalog which has a distribution of 500,000. MicroWarehouse is a specialty catalog retailer of brand name Macintosh and IBM-compatible personal computers, software, accessories and peripherals. MicroWarehouse markets its products through frequent mailings of its distinctive full color catalogs and a dedicated outbound telemarketing telemarketing, the practice of selling goods or services to customers by means of the telephone or of surveying consumer preferences in telephone conversations. sales force that focuses on medium to large commercial, educational and governmental accounts. "These distribution agreements for OCTuS PTA illustrate a movement toward similar product lines among both the traditional telco channels and computer retailers, that will ultimately result in the convergence of the distribution channels. Our existing distribution partnerships with the traditional telco channels such as Ameritech, permit us to leverage these relationships and expand with the trend toward broader distribution, that includes both the telcos and the computer retailers. With these broader distribution capabilities, Cintech is able to match distribution to the buying preferences of our customers." Cintech develops and markets software applications that merge the power of PCs and telephones. The Company provides solutions to small offices, home offices and departments or branch offices of larger organizations. Cintech has an extensive distribution network in US and Canada, through which the Company markets its own products as well as those of other select development companies. CONTACT: Cintech Tele-Management Systems Joel Christman, (513) 731-6000 |
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