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Information Systems Associates Reports Results for its Third Quarter Ending September 30, 2009
Nov 17, 2009 (07:11 AM EST)
PALM CITY, Fla.,Nov. 17 /PRNewswire-FirstCall/ --Information Systems Associates, Inc. , a datacenter optimization software, services and solutions company, today announces revenues of $271,000 for its third quarter ended September 30, 2009. Sequential quarter-to-quarter revenue growth was up 99% for the quarter ended September 30, 2009 compared to net revenues of $136,000 for the quarter ended June 30, 2009.
Joe Coschera, Information Systems Associates' CEO, stated: "We are very pleased to announce a significant growth in revenue over our prior quarter. IT spending seems to be picking up following the major slowdown experienced over the past twelve months. The recovery comes at a perfect time for us with the completion of our beta testing on OSPI Version 2.0 in November of 2009 and its expected launch in December 2009."
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, Inc. (IOSA) is a leading provider of HASH(0x131c1b0) HASH(0x131db00) HASH(0x131dbf0) HASH(0x131dce0) based out of Palm City, FL. Its core technology OSPI ( (R)) provides a tool set allowing customers to create a highly accurate data set of their current IT assets. This information can be utilized to enable businesses to make meaningful decisions on that lead to optimization of resources, cost reductions and significant ROI.
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This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Additionally, words such as "seek," "intend," "believe," "plan," "estimate," "expect," "anticipate" "project" and other similar expressions are forward-looking statements within the meaning of the Act. Some or all of the events or results anticipated by these forward- looking statements may not occur. Factors that could cause or contribute to such differences include the ability of Information System Associates to attract customers for its services, and continue developing innovative datacenter optimization solutions. Further information on Information Systems Associates' risk factors is contained in its filings with the Securities and Exchange Commission, including the Form 10-K for the year ended December 31, 2008 and the Form 10-Q filed September 9, 2009. Information Systems Associates does not undertake any duty nor does it intend to update the results of these forward-looking statements.
Gerald Kieft The WSR Group 772-219-7525 (tel) 772-219-3579 (fax)
CONTACT: Gerald Kieft, The WSR Group, +1-772-219-7525 (tel), InformationSystemsIR@WallStreetResources.net+1-772-219-3579 (fax),
Web site: http://www.isa-inc.net/