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Insight Direct Announces First Half 2004 Sales Results; Insight Direct Sales in First Half of 2004 Exceed Sales for All of 2003 Fueled by Growing Demand for Field Service Automation.


BOSTON Boston, town, England
Boston, town (1991 pop. 26,495), E central England, on the Witham River. Boston's fame as a port dates from the 13th cent., when it was a Hanseatic port trading wool and wine. Having recovered from a decline in the 18th and 19th cent.
 -- Insight Direct today announced a 157 percent growth in revenues for the first half of 2004 over the same period in 2003. This is the highest growth rate of any half in the company's history. Moreover, sales during the first half of 2004 exceeded the total revenues generated during 2003, positioning the company to triple its revenues this year.

"We are excited about our growth in the first half of 2004," said Mark Kushinsky, 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. , Insight Direct. "The investments we made in ServiceCEO and the partnerships we built with COIT Services, MilliCare Commercial Carpet Care, Service Brands and others have allowed us to introduce exciting new product features and service offerings this year. As a result, new customers find ServiceCEO an easy investment decision, and existing customers are able to quickly learn new ways that ServiceCEO can help their businesses grow."

Insight Direct is a privately held corporation Noun 1. privately held corporation - a corporation owned by a few people; shares have no public market
close corporation, closed corporation, private corporation
 founded in 1997 that has grown exclusively through customer sales. Since its inception, the company has listened intently to customers from more than 50 field service industries to establish ServiceCEO(R) as the leading Field Service Management solution. Today ServiceCEO manages the day-to-day day-to-day
adj.
1. Occurring on a routine or daily basis: the day-to-day movements of the stock market.

2.
 operations of more than 2,000 companies with estimated annual sales of over $500 million.

First Half Highlights:

--Staffing grew from 12 employees at the end of 2003 to 22 by July 2004. The company expects to hire an additional 8 people in the second half to reach a headcount of 30 by December 2004.

--Over 400 new customers added. ServiceCEO has now been deployed in 46 states in the U.S. and 15 other countries including Australia, Canada, England, Japan, Mexico, 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.  and Spain.

--Nine new large account customers were added, including COIT Services, Service Brands International and SparkleWash.

--More than $500,000 was invested in software engineering, funded jointly by large account customers and Insight Direct.

--Over 75% of our current customers renewed their ServiceCEO Membership Plan.

--An online Member Center was launched in March 2004, providing customers:

--Unlimited access to live, online training classes run by ServiceCEO experts

--Pre-recorded training videos for viewing and downloading downloading - download  at any time, day or night

--ServiceCEO upgrades and release notes

--Access to our Knowledge Base containing hundreds of solutions to common issues and questions - the same Knowledge Base our technical support engineers use each day

--Direct access to our technical support engineers via online support ticket submission, telephone, e-mail and web-interactive

ServiceCEO controls the entire job cycle from estimating, scheduling, dispatching and work orders to back office processing of wireless field response updates, job costing Job versus Process Costing
Job costing (also called job order costing) is a fundamental part of managerial accounting. It differs from Process costing in that the flow of costs is traced by job instead of by process.
, invoicing in·voice  
n.
1. A detailed list of goods shipped or services rendered, with an account of all costs; an itemized bill.

2. The goods or services itemized in an invoice.

tr.v.
 and accounts receivable accounts receivable n. the amounts of money due or owed to a business or professional by customers or clients. Generally, accounts receivable refers to the total amount due and is considered in calculating the value of a business or the business' problems in paying . In addition, ServiceCEO provides robust customer relationship management, service contract/warranty tracking and inventory control along with employee job performance tracking, equipment assignment, commission calculations and payroll.

About Insight Direct

Insight Direct develops and markets ServiceCEO, recognized as the Field Service Management standard for small and medium-sized businesses. Since the introduction of its first-generation product in 1997, Insight Direct has sold its software in more than 15 countries to over 2,000 customers, including COIT Services, Maid to Perfection Adv. 1. to perfection - in every detail; "the new house suited them to a T"
just right, to a T, to the letter
, MilliCare Commercial Carpet Care, Service Brands, SparkleWash and Unilever. For more information on this Boston-based company, visit www.insightdirect.com or call 800.471.4200.

ServiceCEO is a registered trademark of Insight Direct, Inc. in the U.S. and/or other countries. Other parties' marks are the property of their respective owners and should be treated as such.
COPYRIGHT 2004 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Jul 15, 2004
Words:568
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