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Record Results At QAS

Year To June 2000 - Revenue Up 30%

Leading international address management systems company, QAS, has posted record results for the year ended 30th June 2000.

Annual revenue for QAS, a self-funded company, grew to £24.1million from £18.5 million, an increase of 30%. Pre Tax Profits grew to £2.3m. Investment in research and development reached £1.8 million.

Simon Worth, Managing Director of QAS felt the results reflected the company’s ongoing commitment to the highest possible levels of product excellence and customer care. QAS, he noted were ideally positioned to reap the rewards of this proven formula across both domestic and international arenas. He added, "These excellent figures, combined with the exciting news that QAS returns 50% of the Royal Mail Postcode Address File license fees, reflect that the UK market now recognises there is only one main source of high quality, corporate address management systems.

"However, the truly exciting news is that QAS is successfully rolling out this proven formula around the World. Indeed, with the launch of our new US division in October and established market leading businesses in Australia and Europe, QAS is already the leading address management software group in the World.


"With QAS very much at the heart of the international CRM, call centre and Internet technology markets we expect that the next year will see even greater milestones n the company’s development as one of Europe’s fastest growing technology companies."

Worth also felt that a number of key milestones had been reached internally, not least the company’s extension of its employee share ownership scheme. He added, "Of particular significance was the decision in March 2000 to offer all staff the opportunity to purchase shares in the group. There was a 91% take up of this offer. I would like to personally thank the staff at QAS for showing their confidence in the group’s future."



For Further Information Please Contact:

Leigh Richards

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Note To Editors

Please find attached a copy of the QAS Financial Report for 2000.


About QAS Systems

http://www.qas.com


QAS is a private limited company established in 1990, with UK offices in London, Edinburgh, and Manchester. An expanding international presence now includes the USA, Australia and Europe.

QAS are the developers of QuickAddress address management software. Based on data secured from national postal authorities, the QuickAddress range will capture, maintain and enhance name and address records within any organisation.

QuickAddress radically reduces the time taken to enter an address, reducing the number of keystrokes by up to 80%. Addresses generated are free from input errors. In addition QAS works with a wide range of data suppliers to add value to existing address records, adding information such as business information, geodemographic profiling, and local media.

QuickAddress solutions can be integrated into a web site.

This press release was distributed by ResponseSource Press Release Wire on behalf of QAS Systems in the following categories: Consumer Technology, Personal Finance, Business & Finance, Computing & Telecoms, for more information visit https://pressreleasewire.responsesource.com/about.