| By Business Wire | Article Rating: |
|
| November 15, 2012 04:01 PM EST | Reads: |
173 |
Anacomp (OTCBB: ANCPA/ANCPB) today announced preliminary results for the fiscal year ended September 30, 2012. Revenues are expected to be in the range of $16.2 million to $16.7 million, representing an increase of approximately 150% compared to fiscal 2011 revenues. Net income is expected to be in the range of $3.3 million to $3.6 million, or at least $0.75 per diluted share, a significant improvement over fiscal 2011.
“Fiscal 2012 year results represent a dramatic financial turnaround and clearly demonstrate that our hard work over the past several years to reposition the company through asset divestitures and other actions have been successful. Our strong performance is proof that our strategy to focus on our core capabilities is reinvigorating Anacomp’s growth opportunities,” asserted Thomas P. Cunningham, Chief Executive Officer of Anacomp.
“By divesting of peripheral operations, we have been able to focus our resources on building our proprietary enterprise information capture solutions operations to generate profitable growth and build value for our shareholders. Over the past twelve months, as our performance has gained increased recognition throughout the industry, we have been winning a number of larger and more prestigious contracts, particularly in the small business market. This provided the foundation for solid 2012 financial performance and the increase in backlog that will enable us to sustain momentum heading into our new fiscal year,” continued Mr. Cunningham.
Mr. Cunningham believes that the swing to net profitability is a reason for greater optimism for the firm: “As a result of what we expect to be a significant improvement in our bottom line achieved over the past year, we have greatly enhanced our financial position. Together with the completion of our divestitures and corporate restructuring program, our financial performance is providing us with resources we can now invest in the business to accelerate our growth. This has ideally positioned Anacomp to aggressively pursue growth opportunities in the many markets where there is a desperate need to improve efficiency by automating antiquated processes that heavily rely on paper documents and manual processes.”
Mr. Cunningham attributed the significant increase in fiscal 2012 revenues to the rapidly rising demand for Anacomp’s secure, proprietary, paper-to-electronic media conversion solutions, primarily by agencies of the federal government. The improvement in profitability was due to greater operating leverage through improved efficiency and focused overhead cost control initiatives. The Company expects to file September 30, 2012 Audited financial statements by the end of December, and is committed to producing Audited fiscal year financial statements from this point forward.
Mr. Cunningham concluded, “Whether as a result of new Federal Government mandates, or the competitive pressures to continually improve operations, there is clearly an emerging need to capitalize on the significant efficiencies of electronic media. Anacomp is prepared for the rising demand from both commercial and government markets to convert their legacy records into more economical, and usable digital format. Having converted hundreds of millions of records in a variety of formats for over 85 agencies of the Federal Government and others, Anacomp is uniquely qualified to provide the market with the quality conversions organizations need.”
About Anacomp, Inc.
Since 1968, Anacomp has been providing Business Process Solutions built upon our proven infrastructure, powered by our utilization of best-in-class technology, and perfected by the experience and dedication of our people. Our proprietary Enterprise Information Capture Solution is a secure, end-to-end production control system that efficiently manages the conversion of paper and other media to a digital format. Using proprietary, advanced software and techniques to automate forms recognition and unitization, Anacomp has the broadest and deepest experience in developing document recognition models in the federal market, having already captured over 360 million images for 85 different agencies. Anacomp is a Small Business partner for many federal government contracts.
Published November 15, 2012 Reads 173
Copyright © 2012 SYS-CON Media, Inc. — All Rights Reserved.
Syndicated stories and blog feeds, all rights reserved by the author.
More Stories By Business Wire
Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.
- Cloud People: A Who's Who of Cloud Computing
- AMD and Adobe Collaborate on Upcoming Version of Adobe Premiere Pro Software to Enable Breakthrough Video Editing Performance Through Open Standards
- Windows Azure IaaS Reaches General Availability
- State and Local Governments Adopt Microsoft Dynamics CRM to Improve Citizen Service Delivery
- New Relic Q1 2013 Blazes Past Growth Targets and Reaches 40,000 Active Customer Accounts
- Cloud Expo New York: Deploying Hybrid Cloud for Performance and Uptime
- Basho Announces Open Source Riak CS and General Availability of Riak CS Enterprise v1.3
- Predixion Software Announces General Availability of the Latest Version of its Predictive Analytics Platform
- Symphony EYC Appoints New Account Manager to Drive Global Opportunities
- Cloud Computing Is Simplifying Things
- Cloud Expo New York: Developing the World’s First IaaS Marketplace
- Cimtrek announces the general release of its Lotus Notes migrator for Microsoft’s SharePoint platform
- Cloud People: A Who's Who of Cloud Computing
- Cloud Expo New York: Best CIO Practices Shared from SHI’s Customers
- AMD and Adobe Collaborate on Upcoming Version of Adobe Premiere Pro Software to Enable Breakthrough Video Editing Performance Through Open Standards
- Windows Azure IaaS Reaches General Availability
- State and Local Governments Adopt Microsoft Dynamics CRM to Improve Citizen Service Delivery
- The PostOpen Event – Why It Is So Important
- New Relic Q1 2013 Blazes Past Growth Targets and Reaches 40,000 Active Customer Accounts
- The Cover and the Epilogue of the Upcoming Book
- Cloud Expo New York: Deploying Hybrid Cloud for Performance and Uptime
- Small Cancers, Big Data, and a Life Examined
- Basho Announces Open Source Riak CS and General Availability of Riak CS Enterprise v1.3
- Cloud Expo NY: Calculating the True Value of Industry-Specific Clouds
- Google Maps and ASP.NET
- Converting VB6 to VB.NET, Part I
- How to Write High-Performance C# Code
- Crystal Reports XI & How It Has Changed
- Where Are RIA Technologies Headed in 2008?
- Creating Controls for.NET Compact Framework in Visual Studio 2005
- Programmatically Posting Data to ASP .NET Web Applications
- Implementing Tab Navigation with ASP.NET 2.0
- AJAX World RIA Conference & Expo Kicks Off in New York City
- i-Technology Viewpoint: "SOA Sucks"
- .NET Archives: Getting Reacquainted with the Father of C#
- i-Technology Photo Exclusive: Bill Gates & Steve Jobs In "Nerds"

























