Intasys Sales Revenues Continue To Ramp Upward.TORONTO--(BUSINESS WIRE)--May 20, 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 INTAF INTAF International Affairs ) INTASYS CORPORATION ("INTASYS/The Company") of Mississauga, Ontario For the First Nation, see . Mississauga (pronounced: [ˌmɪsɪˈsɑgə] listen , Canada, today announced that its sales revenues for the three-month period ended March 31, 1997 increased virtually ten-fold over the Company's 1996 similar period revenues. This trend is expected to continue as new licenses are added throughout the year. 1997 first quarter revenues of US$ 337,777 equaled 74 percent of total fiscal 1996 revenues and resulted in a net loss per share for this quarter of US$ 0.06. This compares to a 1996 first quarter per share loss of US$ 0.58 and 1996 fiscal year-end Fiscal Year-End The completion of a one-year, or 12-month, accounting period. Notes: The reason that a company's fiscal year often differs from the calendar year and does not close on Dec 31, is due to the nature of company's needs. per share loss of US$ 0.13. The Company is greatly encouraged by these revenues as they strongly reflect INTASYS' pattern of accelerated growth. First quarter 1997 also saw the Company sign its first North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. licensing and strategic alliance agreements with The Latitude Group, Inc. of Atlanta, Georgia and provide a strong base for future revenue opportunities in this ever-expanding marketplace. INTASYS designs and develops proprietary software management systems for telecommunications networks and service providers, including analog and digital cellular telephones, Internet and satellite services, paging systems and servers of land-line telephones. INTASYS is traded and quoted on Nasdaq, trading symbol Trading symbol See: Ticker symbol INTAF. CONTACT: Intasys Corporation Shareholder Relations, 905/890-6340 |
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