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
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 n → vicepresidente m vice-chairman vice irreg n → vice-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 |
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