Cintech announces new distribution agreements and fiscal 1996 first quarter results.CINCINNATI, Ohio--(BUSINESS WIRE)--Nov. 14, 1995--CINTECH(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 today announced new distribution agreements with two major retail distributors for their line of Personal Computer Telephony See CTI, VoIP and IP telephony. Computer Telephony - Computer Telephone Integration Applications -OCTuS PTA PTA or parent-teacher association: see parent education. (Personal Telecommunications Assistant). Cintech's distribution strategy for OCTuS PTA, a desktop software application with advanced communications and productivity tools for the small office, home office market, focuses on computer retail channels with broad distribution capabilities in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and internationally. The Company signed an agreement with Gates/Arrow Distributing who sells software and computer systems to VARs and computer retail resellers such as CompUSA and Computer City in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Canada. Cintech also finalized a deal with Graybar who distributes to both end users and resellers through its 200 plus retail stores and catalog sales. "In each instance, these widely recognized distributors are implementing aggressive computer telephony initiatives and have selected OCTuS PTA as a flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. ," explains Diane Kamionka, president of Cintech. "We are also finalizing contracts with other major international distributors who supply many of the upper-tier computer retail outlets. Adding to the potential of these relationships is our strategy of offering additional computer telephony solutions, both from Cintech and from other developers." Cintech again reported record sales for the first quarter of fiscal 1996 of US$1.56 million, a 55 percent increase over results in the comparable period in the previous year, and a 15 percent increase over the quarter ended May 31, 1995. (In September, Cintech changed its fiscal year end to June 30 from February 28.) The 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. for the quarter was 61 percent compared with 56 percent last year and 58 percent in the quarter ended May 31, 1995. This resulted in a gross profit of US$946,000 compared with US$558,000 for the comparable period in the previous year. Selling, general, and administrative expenses increased to US$1,212,000, up from US$945,000 for the quarter in the previous year. Costs increased to support the development of programs and solutions that focus on obtaining the Company's growth objectives. The net loss for the quarter was US$241,000 compared to US$349,000 in the previous year and US$249,000 for the quarter ended May 31, 1995. Loss per share decreased to $(0.02) from $(0.03) in the comparable period last year. The Company has 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 US$1.6 million as of September 30, 1995. Cintech provides the means for both individuals and small to mid-sized offices to take advantage of the rapid advances and emerging capabilities of computer telephony through global distribution partnerships and solutions. The Company markets computer software applications through an extensive distribution network of business telephone distributors and computer retail outlets throughout North America. These applications may be developed in-house or by select development companies. Cintech offers two categories of computer telephony solutions: Business and Personal. The Company specializes in Business Computer Telephony Applications for work groups within departments, branch offices and small business. Through key alliances with Northern Telecom and NEC (NEC Corporation, Tokyo, www.nec.com, www.necus.com) An electronics conglomerate known in the U.S. for its monitors. In Japan, it had the lion's share of the PC market until the late 1990s (see PC 98). NEC was founded in Tokyo in 1899 as Nippon Electric Company, Ltd. America, Cintech is a leading provider of computer telephony applications for these market segments. The Company's Personal Computer Telephony Applications target the fast growing small office, home office segment. These applications provide advanced communication and productivity tools to professionals in a small office or home environment. CONTACT: Joel Christman Cintech Tele-Management Systems 513/731-6000 |
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