Press Releases
Visual Mining Reports Positive First Quarter Results for 2005
Announces Seventeenth Consecutive Profitable Quarter
Rockville , Maryland - April 26, 2005 - Visual Mining, Inc., a leading developer of reporting and data visualization solutions, announced today the financial results for its fiscal 2005 first quarter, ended March 31, 2005. For the quarter, the Company reported that business booked increased over twenty percent (20%) compared to the most recent quarter ended December 31, 2004, with another successive quarter of positive revenue growth. The first quarter marks the Company's seventeenth (17 th ) consecutive profitable quarter.
Utilizing the Company's NetCharts® products, the Company's client list was expanded this quarter with companies such as Seagate Technologies, Analytics Inc., MedPlus, Inc., Internet Security Systems, Axeda Systems, Sybase, Dunn & Bradstreet, Information Resources, Sun Microsystems, The National Research Exchange, Fogbreak Software, and Syntellect, Inc, to name a few.
"We are pleased with Visual Mining's continued success and overall ability to deliver solutions that add real value to an organization, and do so in a timely and profitable manner. This being our seventeenth consecutive profitable quarter is a testament to the strong management team we have in place, coupled with truly superior products the market continues to embrace and praise," said Tristan Ziegler, COO and President of Visual Mining, Inc. "We expect to continue our expansion throughout the year, and will continue to enhance our products and expand our product offerings, which should translate into another very successful year for Visual Mining and our customers."
Other highlights for the quarter include:
- Release of the NetCharts® v4.6 product suite with many new features and enhancements;
- Release of the NetCharts® Analytics module for real-time intelligent data and analytical functions;
- Strengthened the Company's financial position through the accelerated payoff of over $375,000 in debt owed to its Investors;
- Continued to increase staffing in the area of sales in order to broaden the Company's reach within the marketplace.
About Visual Mining, Inc:
Visual Mining builds interactive graphical reporting solutions for organizations needing maximum software flexibility and performance, but remaining within a reasonably priced budget. Visual Mining produced the first Java-powered charting engine in 1996. Since then, Visual Mining's NetCharts products have earned numerous industry awards, most recently, the 2003 Intelligent Enterprise Magazine’s Readers’ Choice Award for data visualization software, and was recently selected as a finalist in the Software & Information Industry Association's 20th Annual Codie Awards. For more information, please visit www.visualmining.com.
Editorial Contact:
Lezlie Ramsey
Marketing Manager
301.795-2217
lramsey@visualmining.com
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