Computer Concepts' Softworks subsidiary reports record revenues.BOHEMIA, N.Y.--(BUSINESS WIRE)--Jan. 17, 1996--Computer Concepts Corp. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CCEE CCEE Conseil des Conférences Episcopales Européennes (Switzerland) CCEE Câmara de Comercialização de Energia Elétrica CCEE Consilium Conferentiarum Episcoporum Europae (Council of European Bishops' Conferences) ) today announced that its Softworks Inc. subsidiary has increased its sales in 1995 to an estimated $11,700,000, a 24% increase over the 1994 revenues of $9,449,000. The 1995 revenue estimate is subject to audit, and exact revenue and profit or loss results will be reported following the audit of the 1995 results. Computer Concepts is currently negotiating a strategic alliance with a partner that has a world-wide presence in the mainframe industry. While Softworks has grown over the last three years at an annual rate that is standard within its industry, it is anticipated that this alliance will enable Softworks to grow 1996 revenues at a significantly higher rate. Softworks is recognized as one of the leaders in developing products and services which enhance the speed and operability Operability is the ability to keep a system in a functioning and operating condition. In a computing systems environment with multiple systems this includes the ability of products, systems and business processes to work together to accomplish a common task such as finding and of IBM mainframe IBM mainframes, though perceived as synonymous with mainframe computers in general due to their marketshare, are now technically and specifically IBM's line of business computers that can all trace their design evolution to the IBM System/360. systems. Judy Carter, president of Softworks, said "The increase in research and development expenditures in 1994 and 1995, which resulted in the launch of three new products in 1995 and two new products scheduled for release in the first half of 1996, in addition to the increased focus on sales and marketing, have generated a substantial revenue increase in 1995 as compared to 1994. We believe that these factors, subject to continuing sales growth and favorable market conditions similar to those experienced in 1995, in addition to the planned alliance, will contribute to a sharp increase in 1996 revenues." Computer Concepts Corp. develops and markets software tools, including its d.b.Express(TM) software, that assist computer end-users in accessing data otherwise difficult to retrieve. Its Softworks subsidiary develops and markets programs for the IBM mainframe market that enhance the reliability, accessibility and capabilities in the mainframe operating environment In computing, an operating environment is the environment in which users run programs, whether in a command line interface, such as in MS-DOS or the Unix shell, or in a graphical user interface, such as in the Macintosh operating system. . The MapLinx Corp. subsidiary focuses on PC Geographic Information Systems (GIS) interfaces for end user applications. Information regarding d.b.Express can be obtained by accessing the d.b.Express World Wide Web server at http://www.pb.net/~(tilde A symbol used in Windows, starting with Windows 95, that maintains a short version of a long file or directory name for compatibility with Windows 3.1 and DOS. For example, the short version of a file named "Letter to Joe" would be LETTER~1. Then "Letter to Pat" becomes LETTER~2. sign)dbexpress. CONTACT: Computer Concepts Corp. Mark Kabbash, 212/551-7825 Leigh Shanks
The shanks and tattlers are wading bird species in a number of genera characterised by a medium length bill and long, often brightly coloured legs. , 516/244-1500 |
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