Agent Information Software, Inc. (AIS) (OTC:AIFS), today reported a net income of $145,353 for the three quarters ending September 30, 2016, up $98,619 over the same three quarters in 2015. The net income was higher than the forecast for the first three quarters of the year by $54,100. Net sales for the three quarters ending September 30, 2016 were $3,558,563, which met the forecast and were down $22,796 or 0.6% from $3,581,359 for the same period last year, due to the decrease of non-recurring revenues.
As an innovator in providing library solutions via the SaaS model, the Company continues to build on the success of their core products, SHAREit™ and VERSO™, as well as looking at new opportunities. A new Patron mobile application is in the works; which will augment the fully responsive staff functionality of the complete family of library services platform. The plan is for full implementation of the new patron application and release during the fourth quarter of 2016. MONTAGEdc™, A-G’s new digital collection management software, continues to gain traction with a new, and exciting user interface, which will be rolled out in the remaining weeks of 2016. Both of the new products will be heavily demonstrated in January 2017, at the American Library Association’s Mid-Winter trade show in Atlanta, GA.
As noted in the Company’s first quarter press release recapping 2015, the Company was successful with the award of two new SHAREit statewide resource-sharing solutions for South Dakota and Indiana. Both states are live and running flawlessly. Another state, the Company’s fourteenth, recently selected SHAREit and will go live early Q1 of 2017. The total number of consortia utilizing SHAREit and SEARCHit, is up to sixteen with more on the horizon. The Company remains upbeat as more states have inquired about the development of resource sharing initiatives that would commence in 2017.
Clearly, the Company continues to focus providing statewide resource sharing systems that address the complex needs of organizations across North America. These include user diversity, technology, and types/number of libraries. Further, the Company’s leadership role in patron centric (NCIP) systems provides unique differences not addressed in competitive systems.
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’s 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, please visit www.agentinformationsoftware.com or www.auto-graphics.com. © Agent Information Software, Inc. All rights reserved. VERSO, SHAREit, SEARCHit, & MONTAGEdc, are trademarks of Agent Information Software, Inc., Auto-Graphics, Inc. All other trademarks are the property of their respective owners.
Media Contact:
Elizabeth Kelley
Marketing Communications Manager
Auto-Graphics, Inc.
430 Vineyard Ave., Ste. 100
Ontario, CA 91764
909-569-1544
eak@auto-graphics.com
Product Manager, SHAREit
Product Manager – VERSO
Customer Service Manager
Chief Technology Officer
Dr. Murphy has been a director since December 2012. He has over 20 years experience as a successful software executive specializing in high-growth SaaS companies. He currently is CEO of GVNG Technology and Practitioner of Strategy at the Pepperdine Graziadio Business School. Dr. Murphy is an active member on the board of directors for several early-stage and private equity owned companies. He received his MBA from Pepperdine University and his Doctor of Business Administration (DBA) from the Alliance Manchester Business School at The University of Manchester.
Mr. Hicks, CPA, has been a director since February 2012. Mr. Hicks is Chairman of the Audit Committee. Mr. Hicks has been a practicing certified public accountant for over twenty-five years in addition to partnering and managing both an underground construction company and real estate development business. Currently, Mr. Hicks is a founder and senior partner of Hicks & Williams, LLP a certified public accounting firm providing tax, audit and management consulting services to small and medium size clients across the nation.
Mr. Heath has been a director since December 2012. Mr. Heath immigrated to California from Canada during the Internet commerce boom in 1999. Mr. Heath was formerly Vice President, Secondary Markets at Best Buy (2008-2010) and founded Dealtree.com in 1999, where he was CTO & COO from (2001-2010). Mr. Heath has developed expert system technologies for managing online sales channels and created several online marketplaces supporting secondary market sales. Mr. Heath is an Internet technology and business operations consultant and serves as President of Heath Investment Properties LLC. Mr. Heath is an active member of Rotary, and currently serves a Technology Director for District 5320 in Southern California.
Ken Kerr has been a director since April 2020. During his career, he served in a variety of leadership positions in sales, marketing, and operations with companies in startup, turnaround, and expansion. Most recently he was CEO/CFO of Advisys, Inc., a SaaS company providing financial planning solutions to Fortune 100 banks, brokerages and insurance companies, and thousands of independent financial advisers. He retired from Advisys in 2018 and now consults with businesses to improve profits and productivity through effective employee engagement strategies. Ken graduated Cum Laude from UCLA with a bachelor’s degree in English Literature and has an MBA with an emphasis in Technology Management from the University of Phoenix.
Product Manager, SHAREit – Customer Services
Product Manager, VERSO – Technical Services
Director of Information Technology
Controller
Director of Customer Service and Quality Assurance
Chief Operations Officer
Vice President of Sales
President