New Brunswick, Canada. November 15, 2005 - InteliSys Aviation Systems of America Inc. (OTCBB:IYSA), a leading developer and service provider of aviation software, which it sells under the trade name “amelia”, announced its operating results for the quarter ended September 30, 2005.
The Company reported a Net Profit of $69,431, or $0.01 per share fully diluted in Q3 of 2005.
The Company’s Management had projected achieving break-even operations in Q4 of 2005. Higher than expected revenues, lower delivery costs, and favorable debt settlement propelled the Company into profitability one quarter earlier than expected.
When comparing the third quarter of 2005 with the third quarter of 2004, revenues increased by 13%. Service Delivery Expense decreased by 11%. Gross Profit increased by 57%.
When comparing the third quarter of 2005 with the second quarter of 2005, revenues increased by 6%. Service Delivery Expense decreased by 18%. Gross Profit increased by 32%.
in U.S. Dollars
Q3/2005 Q2/2005 Q1/2005
Revenues $ 489,357 $ 459,974 $471,273
Service Delivery Expenses 254,210 294,974 333,037
Gross Profit 235,147 161,000 138,326
Ralph Eisenschmid InteliSys’ CEO commented on the operating result, “We are very pleased with these results. We had projected achieving break-even operations during Q4 of this year. We are very pleased to not only reach break even, but to have recorded a net profit. Over the last eight quarters, our gross profit has increased an average of 50% per quarter. Our entire team deserves tremendous credit for their hard work and diligence in achieving this goal. Every member of the team contributed to this achievement.”
Eisenschmid continued, “We also continued applying a great amount of effort towards improving the Balance Sheet. As a result, our Current Liabilities were reduced by $ 800,773 during the quarter.”
Commenting on the results of InteliSys’ plan of operation for 2005 Jock English, InteliSys’ COO said, “From January 2005 to October 2005, through optimization and further tuning of our delivery model, we reduced the overall system demand by 30%, while significantly increasing system responsiveness. We recovered usable capacity for new clients without investing in additional infrastructure. This was achieved while client reservation volumes and resulting system demand increased by 51% from January 2005 to October 2005.”
During the third quarter, the Company released numerous companion and add-on modules based on research of its target market. These products enables its clients to achieve considerable cost savings by allowing them to automate services currently provided by their staff to their customers during the reservation process. This provides a means of generating additional revenue from existing clients. These add-ons will feature prominently in the Company’s sales and marketing efforts to existing clients and prospects. The addition of integrated functionality also helps differentiate the Company from its competitors.
InteliSys markets its products worldwide through a direct sales force and licensed resellers. InteliSys has agreements with resellers to market its products in Europe, Africa, India, the Middle East and Asia. InteliSys focuses on the rapidly growing low fare carrier and corporate travel sectors. The amelia suite is delivered over the internet from InteliSys secure data centre.
InteliSys Company and Product information can be found at InteliSys.Aero
For further information, please contact Mr. Ralph Eisenschmid, President and CEO of InteliSys at Ralph@InteliSys.Aero
Dollar Danger, Will Robinson! Dollar Danger!
AI
