Infocorp Announces First Quarter Results.WINNEPEG, MANITOBA--(BUSINESS WIRE)--Jan. 2, 1997-- Infocorp Computer So (VSE See DOS/VSE. VSE - Virtual Storage Extended , TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). INP., OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. IFCSF.) Today Infocorp Computer Solutions Ltd. announced record sales levels for the first quarter ending October 31,1996. Software package sales increased 111 percent, and total sales increased by 46 percent over the prior year, reaching $1,145,178 for the quarter, up from $783,959 last year. Expenses during this period were $1,163,491, producing a loss of $18,313 compared to a profit of $53,578 the previous year. Expenses include all the operating costs of Infocorp's Canadian, American and European operations that were acquired during last year and the first quarter of this year. Loss per share was $0.001 to October 31, 1996 compared to earnings of $0.005 at October 31, 1995. Traditionally, Infocorp's first quarter is the weekest sales quarter. Management's outlook for continued revenue growth and profitability for the coming quarters is very positive. DIRECTOR RESIGNS Roy A. Grant, Infocorp's Senior Vice President , Corporate Marketing, resigned from the Board of Directors to ensure a better balance between the number of inside and outside directors on the Board. The Board now consists of three inside directors and three outside directors. NEW CUSTOMERS New customers purchasing Infocorp's software included the Orlando Magic in Florida; QVC Home Shopping Channel outlets in Pennsylvania; Bata Shoes in Malaysia with 285 stores; and Fila Sport in Singapore Singaporeans participate in a wide variety of sports for recreation as well as competition. Popular sports include football, swimming, badminton, basketball and table tennis. Most people live in public residential areas that often provide amenities including swimming pools, outdoor . Wolford has expanded across Europe with locations in England, France, Austria, and Switzerland; and Dockers
Dockers is a brand of Levi Strauss & Co. Levi Strauss & Co. B.V. has expanded into Norway, Holland, Belgium, and France. Softwear/P.O.S., $MART System, and POWERProbe were designed for speciality retailers. POS (1) See point of sale and packet over SONET. (2) "Parent over shoulder." See digispeak. POS - point of sale +, a cash management/point of service package in Windows, meets the needs of government offices. Infocorp products are currently installed world-wide in 50 countries and seven languages. Infocorp's offices are located in Canada, USA , and Switzerland. Infocorp shares are traded on the TSE,VSE and 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 OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). . Software solutions that are SIMPLY Powerful. On behalf of the Board of Directors: Walter S. Hill President and Chief Executive Officer CONTACT: Infocorp Computer Solutions Ltd Walter S. Hill, 204/ 694-5550 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion