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Oriole Systems Inc. Announces 9 Months Net Income Up 70% Over 1996.


TORONTO--(BUSINESS WIRE)--November 27, 1997--Oriole oriole, common name applied to various perching birds of the Old (family Oriolidae) and New (family Icteridae) Worlds. The European orioles are allied to the crows, while the American orioles, of the hangnest group, belong to the blackbird and meadowlark family. Old World orioles are found in forests and are large birds (8–12 in./20–30 cm). They are swift fliers. Orioles have clear calls and some are very good mimics. Systems Inc. announced today that continuing improvements in operations have resulted in a net income increase of $171,000 or 70% over the same period last year. This is the third consecutive record quarter reported by the company.

During the 9 month period, Oriole invested over $750,000 in development costs related to the expansion and upgrading of its existing integrated software solutions products to assure the future growth of its core business. A copy of the quarterly statements can be obtained by visiting Oriole's home page or by calling Investor Relations at 1-800-419-6019

During the past three months, Oriole has issued a series of news releases, highlighting ongoing activities, such as:

I. Oriole successfully ported its Public Sector PowerTouch FM to

Oracle 7.0 Relational Data Base Management System.

II. Oriole Systems Inc. Plans US SEC Filing.

III. Oriole Announces Equity Partnership With Weir Systems Ltd.

of Glasgow, Scotland.

All news releases are added to Oriole's Internet home page http://www.dyadsys.ca on their issue date. We invite readers to visit our site for a continuous update on corporate activities.

Since 1984, Oriole Systems Inc. through its wholly-owned subsidiary DYAD Systems Inc., has been a provider of innovative software and support services to government and private business in Canada and the US through offices in Vancouver, Toronto, Calgary and Bedford, New Hampshire. -0-

The Vancouver Stock Exchange has not reviewed and does not accept responsibility for the accuracy of this news release.

Signed,

Ben Harrison, Director Oriole Systems Inc.

CONTACT: Investor Relations

1-800-419-6019
COPYRIGHT 1997 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1997, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Nov 27, 1997
Words:261
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