Clancy Systems International, Inc. Reports Year End Profits.DENVER -- Clancy Systems International, Inc (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CLSI CLSI Clinical and Laboratory Standards Institute (Wayne, PA) CLSI Cisco Link Services Interface ), a leading developer of parking enforcement solutions, announces it had a profitable year for the year ended September 30, 2006. In the Company's year-end filing with the Securities and Exchange Commission on form 10-KSB, the company reports a 52% increase in net revenue over the prior year. The company has expanded many of its parking-related service programs including Park-by-Phone and Remit-online. The company has also added new clients during the reporting period in the United States and Puerto Rico, for its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. Urban Transit Solutions. In further news, the company has commenced a stock repurchase program. Under Rule 10b-18, the Company will regularly repurchase shares of its common stock through the open market. The Company believes the share repurchase should improve share value. Clancy Systems International, Inc. merged with an existing publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. , Oxford Financial, Inc. in February 1987. The Oxford IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. was sold as units of stock (1 share plus 3 warrants). |
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