Value Microcaps Free-For-All

[whyme2005]

VSNT $0.76....NEW HOMELAND SECURITY/DEFENSE PLAY

SAGEM (and Versant) are Worldwide Leaders in Biometric Identification Systems - Homeland security, Defense, Law enforcement, and ID management.

*** Friday Press release.....Read:

http://biz.yahoo.com/prnews/050324/sfth033_4.html

More on VSNT:

VSNT received great news last week. Nasdaq granted the company 180 more days to regain full compliance (until September 12, 2005).

The possibility and the uncertainty of delisting was a dark cloud hanging over VSNT recently and a main contributor for the sell-off that occurred after the company posted record 1Q revenues and net income in the upper end of its guidance.

With a successful launch of its newest product, Open Access .NET, and strong sales of all existing products, VSNT will fly past $1 in the very near future IMO.

Versant launched Open Access .NET, in the Microsoft booth at CeBIT in Hanover, Germany, last week. Open Access .NET was featured last week as "Top News" in Microsoft's Online Magazine.

On 3/9/05, VSNT reported record Fiscal 1Q revenues and net income on the high end of guidance.

Earnings Summary:

* VSNT reported record 1Q revenues of $6.6 million...on the high end of the $6.2 to $6.7 revenue guidance.

* VSNT reported net income of $345K, also on the high end of the breakeven to 1c/share net income guidance.

* VSNT reported positive cash flow. Gross margin increased from 66% to 67% compared to 1Q 2004.

* VSNT has a strong balance sheet with $3.6 Million in cash, no long-term debt, and about 80c/share shareholder's equity.

* VSNT reported a number of new customers including: Addison, Lucent, Dell, Eriksson, Cable Deutsch, Bea Systems, Lockhead, Statoil, SBC, MCI and many others.

* Guidance for FY fiscal 2005 is for revenue growth and profitable and positive cash flow in every quarter.

CEO Nick Ordon said during the CC that during the 1Q 2005, Versant booked the highest revenue in several years from PeopleSoft due to the increased sales of PeopleSoft's products using Versant's technology. Last December, VSNT went through the roof when the company announced an expanded relationship with PeopleSoft. CEO ordon said that the Oracle acquisition of PeopleSoft has had no adverse effect on the agreement.

More on Versant (from PR):

Versant Corporation's principal product is the Versant Developer Suite (VDS), a sixth-generation object database management system. Its other products include Versant enJin, a database management product suite that accelerates transactions for application servers; Versant Real-Time Framework (VRTF), a comprehensive framework for delivering real-time solutions, and Versant JDO, a data access tool that enables enterprise applications to efficiently access data from a versant object database. Versant licenses VDS, Versant enJin and peripheral products, and sells associated maintenance, training and consulting services to end users. Versant newest product, Open Access .NET started shipping on 3/10/2005..