IMSI announces increase in earnings for second quarter; also announces Sumitomo agreement, product acquisition and awards.SAN RAFAEL San Rafael (săn rəfĕl`), residential city (1990 pop. 48,404), seat of Marin co., W Calif., a suburb of San Francisco on the northern shore of San Francisco Bay; inc. 1913. , Calif.--(BUSINESS WIRE)--Feb. 1, 1995--International Microcomputer Software 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 :IMSI IMSI International Mobile Subscriber Identity IMSI International Microcomputer Software, Inc. IMSI International Mobile Station Identity (now International Mobile Subscriber Identity) IMSI Idaho Maximum Security Institution ) announced net revenues and earnings for the company's second fiscal quarter which ended Dec. 31, 1994. Net income for the quarter was $191,016 or $.09 per share, compared to last year's second quarter net income of $19,885 or $.01 per share. Net revenues were $5,895,638, compared to revenues for the like quarter last year of $6,163,361. For the six months ending Dec. 31, 1994, net income was $292,137, or $.14 per share, compared to income of $165,565(a), or $.08 per share, for the like period the previous year. For the six months ending Dec. 31, 1994, revenues were $10,656,211, compared to revenues for the like period last year of $11,808,517. "Net income increased due to several factors," according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Martin Sacks Martin Sacks (born 16th October 1956, Sydney) is a well-known Australian actor, chiefly known for his 11-year role on Blue Heelers from 1994 to 2005. Sacks first got into acting after a bit part in an episode of The Love Boat , IMSI 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. . "Sales and marketing costs as a percentage of sales is declining due to a shift in distribution towards using retail channels, as opposed to direct marketing. "In addition, international sales have grown as a percentage of total sales, and these sales are more profitable. Finally, in recent months, we have entered into several OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and relationships for our products, which yield higher margins for the company." One such agreement was with Sumitomo Metals Industries Ltd., one of Japan's largest companies, to distribute localized versions of four IMSI software products in Japan. These products are TurboCAD Windows, TurboCAD Macintosh, CAD Symbols Library (over 10,000 symbols) and WinDelete Windows uninstaller Software that helps uninstall applications from a computer. See uninstall. (operating system) uninstaller - A utility program to remove another application program from a computer's disks. software. IMSI recently announced the acquisition of ViewPoint 6.0, project management software from Computer Aided Management Inc. (CAM). CAM has sold several million dollars of ViewPoint software over the last few years to some of the largest corporations in the world. The company will take a one-time charge during the third quarter of this fiscal year in connection with the ViewPoint acquisition. IMSI products have recently received several prestigious software industry awards. TurboCAD Windows received the PC Magazine UK's "Editor's Choice Award" for the best CAD software. PC Magazine UK stated: "TurboCAD, our Editor's Choice, offers not only a wealth of functionality, but also excellent usability, all at a good price." TurboCAD was also selected as one of "The Best 100 Software Products for 1994" by Windows Magazine. IMSI has now sold almost 500,000 units of TurboCAD software. Other IMSI products to recently receive awards include WinDelete, which received the PC Magazine "PC User Gold Award"; and Masterclips 6000, which was selected one of the "Top Ten CD-ROM's for Business" by PC Computing. Other new software product introductions include: - TurboCAD 2.0 Mac, upgrade to the leading CAD software for the Power Mac. - TurboCAD 3D Mac, includes full three dimensional capabilities. - Graphics Converter Gold, a utility which provides support for 70 graphics file formats. - IMSI CAD Symbols Library, 10,000 symbols for AutoCAD and other CAD software users. - Peter's Adventures and Animal's Series, nine multimedia CD-ROM titles for early learning. Founded in 1983, IMSI is a leader in developing and publishing productivity and learning software, distributed to Windows and Macintosh customers, in homes and businesses worldwide. Headquartered in San Rafael, with wholly owned subsidiaries Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. in the United Kingdom, Germany, Australia and South Africa South Africa, Afrikaans Suid-Afrika, officially Republic of South Africa, republic (2005 est. pop. 44,344,000), 471,442 sq mi (1,221,037 sq km), S Africa. , the company employs 105 people. According to Softletter 100, IMSI is the 42nd largest microcomputer software company in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . A summary of consolidated results of operations are as follows:
Statement of Operations (all in thousands except EPS)
For six months ending 12/31 For Quarter ending 12/31
1994 1993 1994 1993
Net Revenues $10,656 $11,808 $5,896 $6,163 Net Income(a) $ 292 $ 165(a) $ 191 $ 20 Fully Diluted: EPS $.14 $.08(a) $.09 $.01 Shares outstanding 2,163 2,112 2,170 2,163 (a) Net income before cumulative effect of accounting change. For the six months ended 12/31/93, net income excludes a one time tax benefit to earnings of $800,000, or $.39 per share due to the company adopting a new accounting standard for income taxes. -0- NOTE TO EDITORS: IMSI, TurboCAD, FormTool, WinDelete, Graphics Converter (1) A device that changes one set of codes, modes, sequences or frequencies to a different set. See A/D converter. (2) A device that changes current from 60Hz to 50Hz and vice versa. , and CAD Symbols Library are trademarks of International Microcomputer Software Inc. AutoCAD is a registered trademark of AutoDesk Inc. CONTACT: IMSI, San Rafael Michelle Williams Michelle Williams may refer to an actress or a singer born in 1980:
Geoffrey Koblick, 415/454-7101 X222 Pembroke Resources Tami Cann/Jill Pembroke, 503/224-9880 |
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