Path: utzoo!utgpu!watserv1!maytag!looking!newsbytes
From: newsbytes@clarinet.com
Newsgroups: clari.nb.business
Subject: Software Services Suffers Second Quarter Loss
Keywords: Bureau-WAS
Message-ID: <U4481.1c9a8@clarinet>
Date: 18 Jan 90 09:26:00 GMT
Lines: 15
Approved: cn@clarinet.com

NORTH ANDOVER, MASSACHUSETTS, U.S.A., 1990 JAN 12 (NB) --
Software Services of America (SS) announced a net loss of
$621,145 for its second quarter, ending November 30, 1989,
compared with a $94,068 net profit for the same period in
1988.

The loss follows the company's considerable outlay of resources
to implement IBM's new consumer transaction (CT) product in a
total branch automation system. Since no other company is using
the CT product in such a manner, SS may eventually benefit
greatly from IBM's marketing strategy, although such benefits
won't be realized for some time.

(Beth Goldie and John McCormick/1990116/Press Contact: Ronald E.
Kaplan, Software Services, 508-681-0802)