Kobe Ginobili
12 years ago
405v 3mo. avg. volume
Investors are advised that OTC Markets Group has been unable to contact or confirm the location of this company. If you have current contact information, please complete the Update Company Information Form or send an email to info@otcmarkets.com.
Financial Reporting/Disclosure
Reporting Status Alternative Reporting Standard
Deregistered a/o Jun 20, 2006
Audited Financials Not Available
Latest Report Not Available
Regulatory Agency Not Available
CIK 0000878612
Fiscal Year End Not Available
OTC Market Tier OTC Pink No Information
Profile Data
SIC - Industry Classification
Incorporated In: DE, USA
Year of Inc. Not Available
Employees Not Available
Company Officers
Henry F. Nelson President, CEO
Stephen A. Read CFO
Company Directors
Not Available
Company Notes
Formerly=INSCI Corp.(New) until 11-04
Formerly=insci-statements.com Corp. until 12-01
Formerly=INSCI Corp.(Old) until 12-99
Service Providers
Auditor/Accountant
Not Available
Legal Counsel
Not Available
Investor Relations Firm
Not Available
CSYS Security Details
Share Structure
Market Value1 Not Available
Shares Outstanding Not Available
Float Not Available
Authorized Shares Not Available
Par Value 0.01
Shareholders
Shareholders of Record Not Available
Security Notes
Capital Change=shs decreased by 1 for 10 split. Pay date=01/02/2004.
Short Selling Data
Short Interest 0 (-100%)
Mar 14, 2008
Significant Failures to Deliver No
Transfer Agent(s)
Wachovia Bank, N.A.
mtkmike
14 years ago
Here-- I just copied and pasted it.
Shoot sorry---just realized that news is for SOFT. I don't know why it shows up for CSYS on my Equity trade account.
SofTech Announces New Management Team Business Wire "Press Releases - English"
New Team, Recapitalized Balance Sheet, Strategy Focused on Profitable Growth
LOWELL, Mass. --(BUSINESS WIRE)-- SofTech, Inc. (SOFT.PK) today announced the appointment of a new management team and Board of Directors led by the Companys former CEO, Joe Mullaney . As part of this reorganization, the new team has raised approximately $420,000 of new equity in exchange for approximately 7.7 million shares of unregistered common stock, a $2.9 million term loan and a $300,000 line of credit from One Conant Capital, LLC , a subsidiary of Danversbank.
The new team has negotiated an agreement with Greenleaf Capital , the Companys largest shareholder and sole debt provider to accept a payment of $2.75 million in cash at the closing and a subordinated note for $250,000 in full satisfaction of its indebtedness of approximately $10.6 million . Upon payment, all Greenleaf Capital debt facilities (except for the $250,000 subordinated note) with the Company will be terminated. Greenleaf Capital will retain its 5.4 million shares of SofTech stock although its ownership will be diluted to approximately 27% as a result of the new shares issued to the new investor team. Greenleaf Capital has given the SofTech Directors voting proxy over its shares for the three year period following the close of the transaction which took place on March 11, 2011 .
SofTech is a tremendously resilient company with solid, long term customer relationships built on a foundation of exceptional customer service and products that work. The employees, many of whom have been with the Company for 15+ years, believe deeply in the technologies we offer and strive every day to exceed customer expectations. This is a fantastic opportunity to reposition SofTech for profitable growth with a healthy balance sheet, reduced debt service and, above all, an experienced, technology-focused management team and Board of Directors whose financial interests are directly aligned with the interests of the shareholders, said Joe Mullaney .
The New Team
Upon completion of the transaction, Joe Mullaney , Bob Anthonyson , Phil Cooper and Hank Nelson were appointed to the Board of Directors. Ronald A. Elenbaas , Frederick A. Lake and Timothy L. Tyler resigned as Directors. A brief description of the background of each of the new Directors and their role with SofTech going forward follows:
Joe Mullaney re-joins the Company as CEO and as a Director. Joe served as CEO from June 2001 through December 2006 . He developed and implemented the turnaround strategy that ended three consecutive years of negative cash flow totaling almost $10 million and has resulted in almost ten years of positive cash flow. After SofTech he joined Boston Communications Group, Inc. as CEO and CFO and repositioned that troubled entity for a successful sale at double its then current market value. Over the last three years he has been active as a management consultant to established entities in the technology and renewable energy areas, while also participating as a principal with a start up focused on e-Commerce. Joe has a BS from Stonehill College and an MBA from Northeastern University .
Bob Anthonyson joins the Company as Vice President of Business Development and Director. Bob is a founder of AVID Systems, a developer of RFID-based technology that allows automated payment when entering or exiting parking garages (sold to Amtech Corp. ), co-founder of Dynamics Associates (sold to Interactive Data Corp. then owned by Chase), a patent holder, and technologist. He currently serves as a Director of FireStar Software . Bob has a BS and MS from MIT and an MBA from Stanford University .
Mr. Bill
14 years ago
Company Website - copyright 2010-2011 - Interesting
http://www.clearstorysystems.com/about/
Our CompanyClearStory digital asset management software suite manages the enterprise digital media supply chain — from creation and collaboration, to lifecycle management and delivery — to give companies reduced operational costs, improved productivity, and increased revenues. Backed by premier customer support and service, ClearStory’s award-winning products are easy to use and readily align with our customers’ business objectives for both a rapid return-on-investment and low total cost of ownership.
Our HistoryClearStory Systems was founded in 1989 as INSCI Corporation on a revolutionary idea. We pioneered the notion that the vast storehouses of digital content contained in most modern corporations could be actively managed and transformed—not only into profitable assets, but also into a sustainable competitive advantage. The company became a premier provider of content management solutions for the enterprise. Recognizing a growing opportunity in the digital asset management (DAM) market, INSCI acquired WebWare in 2002. In 2004, the combined entity became ClearStory Systems.
The Growing Digital Media MarketAccording to IDC, one of the fastest growing sub-segments of the enterprise content management market is digital asset management (DAM), with a projected CAGR of 26% by 2009, outperforming the overall software industry. Market demand for managing digital media content is driven by: a) the rapid proliferation of devices and applications for creating and distributing digital media; b) operational pressures to decrease costs; and c) need for decreased time-to-market and increased revenues. Managing rich media, including video, audio, marketing collateral, graphics, and compound documents has become a critical business requirement.
These applications are not well addressed by most content management companies. ClearStory, having invested significantly in product development over the past several years, is positioned to capitalize on these market opportunities with its recent releases of new, next-generation versions of its software.
The ClearStory AdvantageClearStory’s open standards technology provides a powerful platform for integrating digital media, video, audio, presentations, marketing collateral, graphics, and documents in a multitude of business-critical environments including global marketing operations, channel marketing portals, brand management, pre-press workflow, and media syndication solutions.
ClearStory products are offered as an installed application, a development platform and as a hosted Software-as-a-Service (SaaS) solution. We’ve helped many leading companies across a host of industries — including manufacturing, media & entertainment, advertising, printing/publishing and financial services — enhance their bottom line through highly-scalable digital asset management applications. Our solutions also enable clients to establish new business models consistent with today’s rapidly changing business environment.
Why ClearStory?
Premier reference list of Global 1000 customers in high-growth markets
High-performance technology: pure J2EE platform, services-oriented architecture (SOA)
Multiple delivery options including installed, platform, and SaaS solutions
Modern, open architecture enables strategic opportunities within ERP, CRM, MRM, print and media services markets
Selected by systems integrators and other industry leaders for major distribution and/or OEM agreements
The Story of Our Unique NameIn architecture, a “clerestory” (pronounced “clear story”) is supporting structure that lets in light through a gallery of windows. Clerestories can be found in cathedrals, Tudor mansions, train stations, even modern skyscrapers. They are designed to admit natural light into large interior spaces. Our name – ClearStory Systems – continues this tradition by helping clients shed new light on their digital assets.
A Strong FoundationClearStory Systems is privately-held company backed by SCP Partners, an 800 million dollar private equity fund with a concentration in technology. With over 200 years of combined investment and operating experience, SCP supports its investment portfolio with a rich base of strategic, operating, and financial expertise, as well as an extensive network to access capital, recruit management, and facilitate favorable strategic alliances.
____________________________________________________________
From their last 8K still active after selling Business Document solutions group to another company
Mr. Bill
14 years ago
CSYS - New YAHOO report out on 2/25/2011 - Interesting
Research Abstract - CLEARSTORY SYSTEMS (csys.pk)
Resources
· Report Screener
· Stock Screener
· Research by Industry
· Earnings Dates
· Up/Downgrades
Summary
Symbol(s): CSYS.PK
Date: 25-Feb-11
Contributor: Reuters Investment Profile
Title: ClearStory Systems Inc: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Document Size: 12 pages
Price: $20
Document Type: Adobe Acrobat Reader®
Download free Adobe Acrobat Reader®
Research Reports Premium Services
· Get the full report for $20.
· You will have access to this report for 24 hours.
Preview: Next 5
Synopsis
This report is essential reading for any serious investor, providing comprehensive financial information on a company's performance, position and cash flows over the past 3 years, includinginterim data. This information, extracted from reported financial statements, forms the building blocks for any analysis undertaken by investment professionals. - Key Stats and Ratios including; Valuation Ratios (e.g. Price/Earnings), Per Share Data (e.g. EPS), Profitability Ratios (e.g. Gross Margin), Management...
http://reports.finance.yahoo.com/w0?r=31590400:1
Trade smarter, not harder: Unleash your inner pro with our toolkit and live discussions.
Renee
11 years ago
BigCat
11 years ago
Hot Features
Premium
