Clancy Systems International, Inc. Reports Earnings.DENVER--(BUSINESS WIRE)--Aug. 17, 1999-- Clancy Systems International, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: CLSI CLSI Clinical and Laboratory Standards Institute (Wayne, PA) CLSI Cisco Link Services Interface ) reported a net profit of $115,169 on revenues of $1,420,252 for the nine-month period ended June 30, 1999. Revenues were 27% higher than for the same period in the prior year. Expenses for the period were 22% higher than for the same period the prior year and were mainly attributable to the addition of new service contracts and the ongoing upgrade of clients to the year 2000- compliant system (including hardware and software). The Company anticipates having completed its Y2K See Y2K problem and Y2K compliant. Y2K - Year 2000 client upgrades by the end of the fiscal year at September 30, 1999. Forward-looking statements in this release are made pursuant to the "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the Company's products, increased levels of competition, technology changes, dependence on third-party suppliers and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission. |
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