CALGARY, ALBERTA, Dec. 15, 2003 -- BSD Software Inc. (Pink Sheets:BSDS) said today that it has filed Form 10-QSB for the three months ended October 31, 2003, showing what it called "significant improvement" in margins and revenues.
"The objective of management's initiatives was to increase sales while improving operating margins and reducing expenses," said Guy Fietz, the company's president. "Those objectives were met, as we showed significant improvement in our new fiscal year, which began August 1, 2004."
BSD had an operating margin for the three months ended October 31, 2003 of 25.77% on revenues for the quarter of $1,027,043, compared with a -11.33% operating margin on revenues of $1,449,489 for the three months ended October 31, 2002, as reported in the Pro Forma Consolidated Interim State of Operations filed with Form 8-K on May 9, 2003.
BSD reported operating expenses for the quarter of $331,921, including amortization of $18,888 and non-cash financing costs of $98,550. Operating expenses for the three months ended October 31, 2002 were $473,768, as reported in the Pro Forma Consolidated Interim State of Operations filed with Form 8-K on May 9, 2003.
The company reported a net loss for the quarter of $16,193 as compared to the net loss before extraordinary items of $637,974 for the three months ended October 31, 2002, as reported in the Pro Forma Consolidated Interim State of Operations filed with Form 8-K on May 9, 2003.
"We are pleased with the results of the initiatives undertaken," said Mr. Fietz. "With new contracts BSD has won, and with the expected synergies connected with a Letter of Intent signed last week to be acquired with our Triton Global Business Services Inc. subsidiary by NeoMedia Technologies, Inc. (OTCBB:NEOM) of Fort Myers, Florida, the coming quarter and the rest of fiscal 2004 should be an exciting time for the company."
About BSD Software and Triton Global Business Services, Inc.
Triton Global Business Services Inc., a majority owned subsidiary of BSD Software, is a next generation Internet Protocol (IP) enabled provider of live and automated operator calling services, e-Business support, billing and clearinghouse functions and information management services to telecommunications, Internet and e-business service providers. Triton focuses on helping clients improve profitability by enabling them to quickly deploy new services, streamline operations and make quicker, more informed business decisions. Triton has aligned itself with industry leading strategic partners, enabling it to offer the most advanced and reliable services in the telecom industry.
For more information visit www.tritonglobal.ca. For further information please contact Triton at 1-877-813-2419 or info@tritonglobal.ca.
The statements made in this press release are forward - looking and are based on current expectations that are subject to a number of uncertainties and risks, and actual results may differ materially. The uncertainties and risk include, but are not limited to, the ability of Triton or the company to execute effectively its business plan, changes in the market for Triton's business services, changes in the market activity, anticipated increases in customers, seasonality, the development of new products and services, the enhancement of existing products and services, competitive pressures (including price competition), systems failures, economic and political conditions, changes in customer behavior and the introduction of competing products having technological and /or other advantages. Any forward-looking statements are made pursuant to the Private Securities Litigation Reform Act of 1995 and, as such, speak only as of the date made. Statements made in this document that are not purely historical are forward-looking statements, including any statements as to beliefs, plans, expectations, or intentions regarding the future. The company assumes no obligation to update information concerning its expectations.