American Software Reports Preliminary First Quarter of Fiscal Year 2012 Results
License Fee Revenues increase 139% and GAAP Net Earnings Increase 67% for the quarter
American Software, Inc. (NASDAQ:AMSWA) reported preliminary financial results for the first quarter of fiscal year 2012, delivering a 139% increase in first quarter license fee revenues and a 67% increase in GAAP net earnings when compared to the same period last year. The Company has achieved 42 consecutive quarters of profitability and 32 consecutive quarters of providing dividend distributions to shareholders.
�American Software posted a strong performance for the first quarter of fiscal year 2012, achieving a 67% increase in GAAP net earnings fueled by a 139% increase in license fee revenue,� stated James C. Edenfield, president and CEO of American Software. �With 42 consecutive quarters of profitability combined with consistent growth in our global customer base and aggressive investment in research and development, American Software is well positioned with a robust portfolio of innovative enterprise application solutions and deep supply chain expertise.�
�Our sustained profitability has allowed the Company to provide a tangible benefit to our shareholders with a quarterly dividend for 32 consecutive quarters,� said Edenfield. �On August 22, 2011 our Board of Directors authorized the Company’s next quarterly dividend of $0.09 per common share, which is payable on December 2, 2011 to shareholders of record at the close of business on November 18, 2011. This will mark the 33rd consecutive quarter in which the Board of Directors has declared a dividend distribution to our shareholders.�
More about AMSWA at www.amsoftware.com
VoIP (Voice over Internet Protocol) fundamentally changes how your voice goes out over the phone. Unlike standard telephony, the Internet breaks up a transmission into tiny electronic envelopes, called �packets,� and sends them out over the Internet. On the receiving end, those packets are re-assembled. Since packets may travel over several hops as they go through the Internet, they may not arrive in the proper order, but it doesn�t matter�at least it didn�t matter when the Internet was used only for data. Sending a document isn�t time-sensitive; the equipment on the receiving end simply waits for all the packets to arrive, and then re-assembles them. In a voice conversation though, this just won�t work. Fortunately, there have been some interesting technical innovations that have made it happen.
Crown Equity Holdings Inc. (OTC:CRWE) is pleased to announce that it has entered into a joint venture to deploy VoIP (Voice over Internet Protocol) technology delivering voice, video and data services to residential and commercial customers. The joint venture company is Crown Tele Services Inc. which was a wholly-owned subsidiary of Crown Equity Holdings Inc. Crown Equity Holdings Inc. will own fifty percent (50%) interest in the joint venture.
Commenting on the joint venture, Kenneth Bosket, President of Crown Equity Holdings Inc., said: �We are excited to deliver VoIP communications solutions specifically designed to meet the business and residential market needs in this fast-growing global market.�
CRWE�s digital network is designed, on behalf of its clients, to bring together targeted high-income audiences and advertisers on its financial websites that include, among others, DrStockPick.com, PennyOmega.com, BestOtc.com, CRWEFinance.com, CRWESelect.com, CRWEPicks.com and StockHotTips.com.
Crown Equity Holdings Inc., together with its digital network, currently provides electronic media services specializing in online publishing, which brings together targeted audiences and advertisers.
Crown Equity Holdings Inc. offers internet media-driven advertising services, which covers and connects a range of marketing specialties, as well as search engine optimization for clients interested in online media awareness.
For more information, please visit their website: http://www.crownequityholdings.com
PMFG, Inc. (Nasdaq:PMFG) announced that its wholly-owned subsidiary in Singapore, Peerless Asia Pacific Pte. Ltd., (”PAP”), has received an award for approximately $2 million for skid mounted filtration equipment from a multinational compressor manufacturer in Malaysia. The equipment is expected to be delivered in the spring of 2012 for installation at a Liquid Natural Gas production facility in Brunei.
PMFG, Inc., through its subsidiaries, provides custom-engineered systems and products primarily to power generation, natural gas infrastructure and refining, and petrochemical processing markets worldwide.
Harbin Electric, Inc. (Nasdaq:HRBN) stated that, contrary to rumors that have been circulating in the markets, the Company never modified any of its documents filed in China with the SAIC and that no members of its management or of its Board of Directors have resigned or advised the Company of any intent to resign.
Harbin Electric, Inc., through its subsidiaries, engages in the design, development, manufacture, supply, and service of electric motors in the People�s Republic of China and internationally.
Casella Waste Systems, Inc. (Nasdaq:CWST) a regional solid waste, recycling and resource management services company, reported financial results for its first quarter fiscal year 2012, and reaffirmed guidance for its 2012 fiscal year. For the quarter ended July 31, 2011, revenues were $127.2 million, up $5.2 million or 4.3 percent from the same quarter last year. Operating income was $10.3 million for the quarter, down $2.4 million from the same quarter last year. Excluding the non-recurring $1.0 million legal settlement charge in the current quarter and the $3.5 million gain on the sale of assets in the previous quarter, operating income was up $2.1 million or 22.8 percent from the same quarter last year.
Casella Waste Systems, Inc. provides resource management services, primarily in the areas of solid waste collection, transfer, disposal, and recycling services to the residential, commercial, municipal, and industrial customers in the United States.
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