Up by 176% Compared to the Same Quarter in 2012
STUART, Fla., May 2, 2013 (GLOBE NEWSWIRE) -- Information Systems Associates, Inc. (OTCBB:IOSA), a leading provider of datacenter asset management solutions, services and consulting, announced today that it exceeded $200,000 in revenues in the quarter ended March 31, 2013, a more than 176% increase over the same quarter in 2012. Revenue was also 86% greater than Q4 of 2012. The increase in business was broad based across the Company's three lines of business, namely, Data Collection Services, the On Site Physical Inventory (OSPI®) Mobile Asset Management System, and Data Center Infrastructure Management (DCIM) Consulting.
Commenting on the increase in business, Adrian Goldfarb, ISA's President said," While I am extremely pleased with a good start to 2013, many challenges remain as we continue to execute our business plan. There is a tremendous opportunity for the Company to substantially grow as we provide high quality solutions for the largest data centers globally to better understand and manage their IT assets." Mr. Goldfarb went on to say that he is pleased with the early results of the reorganization that was undertaken late last year which in part contributed to the fast start in 2013. "Our focus on delivering quality across all aspects of our business including how we report our financial results with the new financial team will give shareholders a much clearer view on our progress."
Since 1994, the Company has specialized in providing professional and consultancy services to the largest data centers. More recently, it has begun to expand its services by offering an integrated solution that capitalizes on its patented process for mobile data collection. This combination of products and services is designed to cooperate fully with most major DCIM systems used by its clients and partners.
About Information Systems Associates
Information Systems Associates, Inc. (OTCBB:IOSA) based in Stuart, FL, is a leading provider of Mobile Data Center Management systems and turnkey data center management solutions. The suite of products and services include data center asset/inventory management, data center management software and data center data collection. Utilizing a proprietary and patented technology, OSPI (On Site Physical Inventory), customers manage data centers on a mobile basis, bringing data center management out of the office and into the data center. Information Systems Associates holds the trademarks for On Site Physical Inventory, OSPI and Mobile Data Center Management.
For more information visit our website http://www.isa-inc.net
This press release contains forward-looking statements including statements regarding opportunities for growth. 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 competition and working capital limitations. 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, 2012. Information Systems Associates does not undertake any duty nor does it intend to update the results of these forward-looking statements.
CONTACT: Adrian Goldfarb Information Systems Associates, Inc. 772.403.2992 email@example.comSource: Information Systems Associates
Released May 2, 2013