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BRIGHTON INFORMATION SYSTEMS CORP. RELEASE OF CURRENT FINANCIALS SHOW DRAMATIC TURNAROUND

 PARAMUS, N.J., Aug. 24 /PRNewswire/ -- Brighton Information Systems Corp. (BISC) today announced the filing of the 10-QSB. In a dramatic turnaround, Brighton Information Systems Corp. achieved a profitability of $67,158 for the quarter ended June 30, 1993 as compared with a loss of $328,041 for the same period in 1992. The company focused its resources on China and the Asia-Pacific region as opposed to activities in the United States. The profit margin also improved due to a higher component of software and systems integration. Finally, the company has been able to refine its internal accounting, control, legal and administrative procedure which brought about a reduction of General & Administrative Expenses of approximately 15 percent from the comparable period in the previous year. Management believes that a continuation of these factors will have a material impact on future revenues and profits.
 -0- 8/24/93 R
 /CONTACT: Financial Telesis, 808-595-0721, for Brighton Information Systems/


CO: Brighton Information Systems Corp. ST: New Jersey IN: FIN SU:

EH-LM -- LA006 -- 5715 08/25/93 09:04 EDT
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Publication:PR Newswire
Date:Aug 25, 1993
Words:175
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