EveryWare Development Canada Corp. Announces Year End Results; Company posts 187% increase in revenue over 1995 results.MISSISSAUGA, Ontario--(BUSINESS WIRE)--April 11, 1997--EveryWare Development Canada Corp. (ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. :EVY EVY Ei Voi Ymmärtää (Finnish: cannot understand) EVY Ensivasteyksikkö EVY Earned Vehicle Years EVY Envoy Format .) today announced year-end results for 1996. EveryWare's revenue increased 187% over 1995, to $6.1 million. In the fourth quarter ending December 31st, revenue increased to $1.6 million, a 191% increase over 1995 fourth quarter figures. The revenue growth was due to the extremely successful sales of the core products, Tango Enterprise, Butler SQL SQL in full Structured Query Language. Computer programming language used for retrieving records or parts of records in databases and performing various calculations before displaying the results. and Tango Merchant as well as from revenue obtained by the Professional Services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. division. Software products contributed towards 85% of 1996 sales with the remaining 15% coming from the consulting division. "We are extremely pleased to report that we have achieved spectacular growth in our first year as a public company," said Dan McKenzie, president, EveryWare Development Canada Corp. "We have succeeded in reaching our goals and forming solid relationships with software vendors world-wide, while making substantial in-roads into our target market." During the latter part of 1996, EveryWare focused its marketing initiatives on the Windows NT (Windows New Technology) A 32-bit operating system from Microsoft for Intel x86 CPUs. NT is the core technology in Windows 2000 and Windows XP (see Windows). Available in separate client and server versions, it includes built-in networking and preemptive multitasking. market. The flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. Tango Enterprise was released on Windows NT, Windows 95 and Unix platforms in November, making it the only cross-platform solution in its category. EveryWare released in August of 1996, Tango Merchant, an on-line commerce solution. The product, initially released on the Macintosh, produced strong sales for the company during 1996. With the current rate of growth in the electronic commerce market, EveryWare expects a tremendous increase in sales for Tango Merchant once it ships on the Windows platform. Tango Merchant for Windows NT is expected to ship in May, 1997. EveryWare's Annual Report is available on their Web site at http://www.everyware.com/ under the Investor Relations Investor relations The process by which the corporation communicates with its investors. section. About EveryWare Development Corp. EveryWare Development Corp. is a market leader in providing innovative cross-platform development tools for creating dynamic web-based applications. The company supports multiple operating environments, including MacOS, Windows NT/95, and UNIX. EveryWare has seven key products: Tango Enterprise, a Web/database integration tool; Tango for FileMaker, a Web/database integration tool specifically optimized for FileMaker Pro databases; Tango for Access, a Web/database tool designed for Access databases; Bolero bolero (bəlâr`ō), national dance of Spain, introduced c.1780 by Sebastian Zerezo, or Cerezo. Of Moroccan origin, it resembles the fandango. , a Web site tracking and analysis application; Tango Merchant, an on-line shopping basket solution; Butler SQL, a client/server relational database management system relational database management system - relational database ; and Connected, a cross-platform multi-user accounting system. EveryWare Development Canada Corp. trades under the stock symbol "EVY" on the Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). . To order any of EveryWare's products call 1-888-819-2500, e-mail sales@everyware.com. -0- Note to Editors: Press inquires should be directed to Jeff Hendry at 905/819-1173 ext. 262, or through e-mail at jhendry@everyware.com. EveryWare, the EveryWare logo, Butler SQL, Tango, and Bolero are trademarks of EveryWare Development Corp. Other product and corporate names may be trademarks or registered trademarks of other companies, and are used only for explanation and to the owners' benefit, without intent to infringe. The Alberta Stock Exchange has neither approved or disapproved the information contained herein. CONTACT: EveryWare Development Corp. Jeff Hendry, 905/819-1173 ext. 262 jhendry@everyware.com |
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