FOR IMMEDIATE RELEASE
Marketing Communications Manager
430 Vineyard Ave., Ste. 100
Ontario, CA 91764
Agent Information Software, Inc. Announces Fourth Quarter 2015 Earnings
ONTARIO, Calif. — March 31, 2016 — Agent Information Software, Inc. (AIS), today reported a net income of $191,058 for the year ended December 31, 2015, up $18,921 or 11.0% over previous year’s net income. The net income was higher than the beginning of year forecast by $18,279 or 10.6%. Net sales for the year ended December 31, 2015 were $4,739,109, which met the forecast and were up $234,092 or 5.2% from $4,505,017 for the same period last year, due to the increase of recurring revenues.
For the year ending December 31, 2015, the company continued to build on its core strength as well as look at new opportunities. The company continues to focus on delivery of their AGent Library Management Platform via SaaS model. As an innovator at providing library solutions via SaaS model the company continues to build on their success of SHAREit™ and VERSO™.
As noted last year, the company was successful with the award of two new SHAREit statewide resource-sharing solutions for South Dakota and Indiana. These sites have begun the initial implementation phase and will go live in 2016. The company continues to remain upbeat as more states have inquired about the development of resource sharing initiatives that would commence in late 2016 or 2017. Clearly, the advantages of the company's innovative products and its flexibility are key to the interest they are seeing in these new opportunities. Sales for 2015 were up by 5.2% overall from 2014, with US library sales of recurring revenue up 7.7%.
About Agent Information Software, Inc.
Founded in 1950 and operating under the name Auto-Graphics, Inc. since 1969, Agent Information Software, Inc. (AIS) develops innovative information and data management solutions for multiple platforms that are standards-compliant, built on open systems architecture and available through the Software as a Service (SaaS) hosted delivery model. AIS' technical ingenuity and reputation for service excellence make us a trusted partner to more than 11,000 libraries, throughout North America. Customers across multiple industries use their information and data management systems, including a range of library markets such as public, academic, school, special and consortia, and meet the needs of customers in the legal, financial, publishing, aerospace, and manufacturing markets. For more information, www.agentinformationsoftware.com or www.auto-graphics.com.
About Auto-Graphics, Inc.
Auto-Graphics is the only publicly-traded library software vendor to provide software solutions along with full financial transparency. The company’s nearly seven (7) decades of providing solutions to the markets it serves reflects how well Auto-Graphics has listened to their customer base and stayed abreast of new technologies, continuously reinventing their products and services to help libraries of all sizes become more efficient and patron-centric. The Auto-Graphics browser-based Library Management Platform for patrons and staff – currently used by more than 11,000 libraries in North America – is comprised of SHAREit®, a Web-based resource sharing solution providing patron-initiated sharing, circulation-based interlibrary loan (ILL) using NCIP and consortial borrowing solutions; VERSO®, an integrated public library system (ILS); SEARCHit®, a federated search and discovery module; SLIMS™, a small library information management system, and MONTAGEdc®, a digital asset management (DAM) solution. All products are fully Web and cloud-based products which are compliant with ISO and NISO standards, and are available via a Software as a Service (SaaS) subscription. For more information, please visit please visit www.auto-graphics.com, Facebook, LinkedIn or Twitter. Auto-Graphics trades under the stock symbol AIFS.
# # #
© Auto-Graphics, Inc. All rights reserved.
VERSO®, SHAREit®, SEARCHit®, MONTAGEdc®, & SLIMS™ are trademarks of Auto-Graphics, Inc and part of their AGent Library Platform.
All other trademarks are the property of their respective owners.