Concord Energy announces record results.BERNARDSVILLE, N.J.--(BUSINESS WIRE)--Feb. 26, 1996--Jerry Swon, 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 Concord Concord, cities, United States Concord (kŏng`kərd, kŏn`kôrd'). 1 city (1990 pop. 111,348), Contra Costa co., W central Calif.; settled c.1852, inc. 1906. Energy Inc. (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 : CODE), today announced record revenues and earnings for the second quarter and six month period ending Dec. 31, 1995. -0-
quarter ending quarter ending 6 months ending 6 months ending
12/31/95 12/31/94 12/31/95 12/31/94
REVENUES $4,868,018 $ 438,658 $8,028,647 $ 924,282 EBITA $ 814,426 $(215,081) $1,763,872 $(308,314) NET INCOME $ 424,880 $(443,833) $ 832,685 $(690,952) EPS $ .13 $ (.13) $ .25 $ (.21) No. OF SHARES 3,346,071 3,346,071 3,346,071 3,346,071 ^ Swon stated that the closing on the previously announced acquisition of privately held IPS (1) (Inches Per Second) The measurement of the speed of tape passing by a read/write head or paper passing through a pen plotter. (2) (IPS) (Intrusion Prevention S of Englewood, Colo. is on target and should be consummated con·sum·mate tr.v. con·sum·mat·ed, con·sum·mat·ing, con·sum·mates 1. a. To bring to completion or fruition; conclude: consummate a business transaction. b. within the next few weeks. IPS has developed and is now marketing APEX, a software package which utilizes a handheld computer A computing device that can be easily held in one hand while the other hand is used to operate it. The Palm devices are a popular example. See Palm, smartphone and palmtop. that revolutionizes the collection and distribution of oil and gas production data. The APEX system allows oil field workers to enter production data at the well head and communicate it electronically to the home office where it can then interface directly with the company's accounting software program. Data that usually takes 60 to 90 days to reach management can now be completed in 24 hours. "We continue to be very pleased at the direction our company is now taking and we expect this trend to continue," said Swon. CONTACT: Bruce L. Deichl, 908/766-1020 or Howard C. Bronson, 212/867-6160 |
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