Printer Friendly
The Free Library
19,607,059 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Correction From Source: Corrected Revenue Figures for Optimal Robotics Corp. Third Quarter Results Reported Yesterday.


MONTREAL--(BUSINESS WIRE)--Nov. 13, 1997--(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
:OPMRF) O. Bradley McKenna McKenna is usually a surname, and may refer to
  • Andrew McKenna, American political organizer
  • Antoinette McKenna, Irish musician.
  • Barney McKenna, Irish musician.
  • Bernard McKenna, Scottish-born writer of television comedy
  • Bernard J. McKenna, mayor of the U.S.
, Controller of Optimal Robotics robotics, science and technology of general purpose, programmable machine systems. Contrary to the popular fiction image of robots as ambulatory machines of human appearance capable of performing almost any task, most robotic systems are anchored to fixed positions  Corp. today corrected revenue figures reported yesterday as part of the "Third Quarter Results."

None of the other results reported yesterday have been affected.

Revenues for the third quarter ended September September: see month.  30, 1997 increased to CDN (Content Delivery Network) A system of distributed content on a large intranet or the public Internet in which copies of content are replicated and cached throughout the network. $1,184,966, compared with CDN$446,659 for the third quarter of 1996. Net loss for the third quarter of 1997 was CDN$989,241, or CDN$0.13 per share, compared to a net loss of CDN$486,112, or CDN$0.11 per share for the third quarter of 1996.

Revenues for the nine months ended September 30, 1997 totaled CDN$3,590,053, compared with CDN$992,595 for the nine months ended September 30, 1996. Net loss for the nine months ended September 30, 1997 totaled CDN$1,954,501, or CDN$0.26 per share, compared to CDN$1,230,926, or CDN$0.29 per share for the same period in 1996.

Holden Holden, town (1990 pop. 14,628), Worcester co., central Mass., a residential suburb of Worcester; settled 1723, set off and inc. 1741. Manufactures include electrical and metal products, plastics, and machinery.  L. Ostrin, Vice-Chairman vice-chairman nvicepresidente m

vice-chairman vice irreg nvice-président(e)

vice-chairman vice- n
 of Optimal Robotics Corp., said, "Our progress continues to be strong and we believe that in the near-term near-term
adj.
Of, for, or involving a short period of time in the near future.
 we will see exciting developments for our company as more and more of our U-Scan(R) Express(TM) customers move beyond initial installations to multiple store placements."

Optimal Robotics is a pioneer in the development and implementation of automated au·to·mate  
v. au·to·mat·ed, au·to·mat·ing, au·to·mates

v.tr.
1. To convert to automatic operation: automate a factory.

2.
 self-checkout systems for retail applications. Its U-Scan(R) Express(TM) System is designed to reduce the cost of checkout transactions to retailers and increase shoppers' convenience by providing a level of service and convenience similar to that provided in the banking industry by ATMs.

PSC (Public Service Commission) Same as PUC. , the world's largest full-line manufacturer of bar code reading equipment, is responsible for the manufacture and worldwide sales, marketing, installation and support of the U-Scan(R) Express(TM) self-checkout system. The system is currently being used by such leading retail chains as The Kroger The Kroger Co. (NYSE: KR) is an American retail supermarket chain and parent company, founded by Bernard Henry Kroger in 1883 in Cincinnati, Ohio. It reported over US$60 billion in sales during its most recent fiscal year and is the top grocery retailer in the country and  Company (Louisville, Nashville and Central divisions), Dillons Companies (King Soopers), Shaw's Supermarkets This article is about Shaw's Supermarkets. For the historic original Star Market chain owned by the Mugar family, see Star Market.

Shaw's, along with sister store, Star Market, is a wholly owned subsidiary of Eden Prairie, Minnesota-based Supervalu.
, Inc. and Star Markets Company, Inc. and is to be installed in several major retailers in the coming months. -0-
                    Optimal Robotics Corp.
             Consolidated Statement of Operations
      (Stated in Canadian Dollars, Unless Otherwise Noted)

                              Nine Months Ended September 30,
                         1997           1997         1996
_____________________________________________________________
                     Convenience
                     Translation
                      Into US $

Revenues              $2,596,971   $3,590,053       $992,595
____________________________________________________________
Cost of sales
 and expenses          4,572,275    6,320,713      2,239,691
Other
 Interest Income         492,899      681,383         16,170
 Foreign exchange gain    68,559       94,776           -
____________________________________________________________
                         561,458      776,159         16,170
Net (loss),
 for the period      $(1,413,846) $(1,954,501)   $(1,230,926)
_____________________________________________________________
Net (loss)
 per Class "A" Share      $(0.19)      $(0.26)        $(0.29)
_____________________________________________________________
_____________________________________________________________

                   Optimal Robotics Corp.
            Consolidated Statement of Operations
      (Stated in Canadian Dollars, Unless Otherwise Noted)

                            Three Months Ended September 30,
_____________________________________________________________
                       1997           1997          1996
_____________________________________________________________
                      Convenience
                      Translation
                      Into US $

Revenues                $857,180   $1,184,966       $446,659
____________________________________________________________
Cost of sales
 and expenses          1,775,705    2,454,734        934,349
Other
 Interest Income         199,526      275,824          1,578
 Foreign exchange
  gain (loss)              3,402        4,703            -
_____________________________________________________________
                         202,928      280,527          1,578
Net (loss),
 for the period        $(715,597)   $(989,241)     $(486,112)
_____________________________________________________________
Net (loss) per
 Class "A" Share          $(0.09)      $(0.13)        $(0.11)
_____________________________________________________________
_____________________________________________________________




CONTACT: Optimal Robotics Corporation

O. Bradley McKenna, 514/738-8885

brad@optimal-robotics.com
COPYRIGHT 1997 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1997, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Nov 13, 1997
Words:554
Previous Article:R Systems Awarded Washington State Patrol Year 2000 Contract.
Next Article:New Internet Career Search Product Gives College Grads the Real "Dirt" on 15 Hot Industries Hiring College Grads.



Related Articles
Optimal Robotics Corp. Reports Second Quarter Results.
Optimal Robotics Corp. Reports Third Quarter Results.
Optimal Robotics Corp. Announces First Quarter Results.
Optimal Robotics Corp. Reports Third Quarter Results.
Optimal Robotics Corp. Announces Quarterly Results, Record Revenue and Installations.
Optimal Robotics Corp. Reports Record Revenue, Earnings And Installations For The Second Quarter.
Optimal Robotics Corp. Reports Record Revenue, Earnings And Installations For The Third Quarter and Nine Months: Growing Demand for Self-Checkout...
Optimal Robotics Corp. Reports Record Revenue, Earnings And Installations For The First Quarter of 2000.
Optimal Robotics Corp. Reports Record Revenue and Earnings for the Third Quarter and Nine Months Ended September 30, 2000.
CORRECTING and REPLACING Optimal Robotics Corp. to Purchase RBA Inc. Service Business.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles