Business
CENCOTECH REPORTS RESULTS OF OPERATIONS FOR THE 2011 FIRST QUARTER, JANUARY 31ST, 2011
Mar. 28, 2011 (Canada NewsWire Group) -- TORONTO, March 28 /CNW/ - Cencotech Inc. ( TSXV: ...
About this update from Namsys Inc.
[{"type":"text","content":"\n\n\n Mar. 28, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nTORONTO, March 28 /CNW/ - Cencotech Inc. (TSXV: CTZ) announced today the results of operations for the first three months of\n fiscal 2011, ended January 31st. All amounts referenced herein are in Canadian dollars.\n\n\nRevenue for the first three months of fiscal 2011 was $256,084 as\n compared to $513,417 for the same period last year. Net loss for the\n 2011 first quarter was $53,613 as compared to a profit of $122,836 in\n the first quarter of 2010.\n\n\nK. Barry Sparks, the President of Cencotech, stated "Sales for the\n quarter were disappointing in that there were no completed deliveries\n of software systems and only a small amount of hardware units\n delivered. On a positive note, the majority of the revenue generated in\n the quarter was maintenance, systems upgrades and monitoring fees,\n which are recurring in nature. We have noted previously the lengthy\n sales cycle to our software products, being large systems that require\n capital commitments.\n\n\nInterest in our software systems remains strong and we are hopeful that\n potential customers will move forward to complete transactions. We\n continue to believe that results for full year 2011 will exceed those\n generated previously."\n\n\nCencotech Inc. products are designed to bring efficiency to the\n processing of currency and other value instruments in financial\n institutions, large retailers, public transportation operations and the\n...