Path: utzoo!utgpu!jarvis.csri.toronto.edu!mailrus!ncar!pvi!heumann
From: heumann@pvi.UUCP (Jim Heumann)
Newsgroups: comp.graphics
Subject: Precision Visuals' Financial Health
Message-ID: <268@pvi.UUCP>
Date: 3 Jan 90 17:40:05 GMT
Distribution: usa
Organization: Precision Visuals Inc., Boulder, Colorado
Lines: 29


FROM: Jim Warner, President, Precision Visuals, Inc.

RE:  Precision Visuals' Financial Health

In reply to the inquiry posted in comp.graphics by Peter Dotzauer 
of Ohio State University on 21 Dec 89, Precision Visuals is in  
excellent financial health.  The Company has been profitable since its 
inception nine years ago, including each of the last four quarters.  
We have positive cash balances and no long-term debt.

Precision Visuals has the second highest financial rating assigned 
by Dunn and Bradstreet.  Our net worth as recorded on our financial 
statements is lower than a year ago due to a change in accounting 
policy whereby we now recognize maintenance revenue on a ratable 
basis.  This means we have deferred more than $2.5 million in revenue 
to future accounting periods.  In an "apples to apples" comparison 
to one year ago, our net worth is up more than $2 million.  Bottom 
line, we have never been stronger financially. 

Sales of PV-WAVE, our new Visual Data Analysis package for Sun and VAX 
workstations and VAX timesharing systems are exceeding projections, 
and we are scoring major sales wins against more traditional data analysis
and graphics suppliers.  If you have any questions, please feel free to 
contact me via E-Mail through:  heumann%pvi@boulder.colorado.edu
-- 
Jim Heumann
303-530-2323 x 410 
Precision Visuals, Inc.                    heumann%pvi@boulder.colorado.edu