By Phil Boeyen, ShareChat Business News Editor
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Wednesday 3rd April 2002 |
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Responding to a Market Surveillance Panel query about the company's share price, SOE says it now expects to report a break-even result for the full year on turnover of around $13 million.
The latest information updates a warning earlier in the year when the company noted that the timing of a number of major contracts might fall outside the full year accounting period.
"The present situation is that these contracts would now be concluded outside the just completed March year," the company says in a statement.
"However, directors and management remain confident that the contracts concerned would be secured in the near future."
The Market Surveillance Panel had questioned the dental software firm after its share price fell 10% or 31 cents on Monday to $2.59.
Although SOE knew of no specific reason for the decline its directors said there might have been some speculation that the company had been unsuccessful in securing the previously announced contracts.
However the company says its Enterprise operation is working closely with a number of major training and dental health providers in Europe, the Middle East, Australia and Asia as well as in North America and currently it has some six contracts nearing the signing stage.
It is also in the process of launching a drive to sell its Enterprise dental software to Group Dental practices, public health providers and dental schools in the US.
"The launch into the American market would be spear headed by executive directors Errol and Clare Kent, who have been responsible for building Software of Excellence's present business in the UK. They will relocate to the US in June this year," SOE says.
"An American, Robert Beck will be joining the company's US based marketing team this week. Mr Beck has 20 years experience in marketing dental software, and was most recently vice president of Discus Dental Inc."
SOE's shares rebounded 10% on Wednesday to close up 27 cents at $2.86.
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