ISV admits TT patents slowed develoment last year
In its preliminary results for 2004, published last week,
Patsystems claimed that it will reach profitability this
Commenting on the results, Pats chief executive Kevin Ashby
said, "We expect the company to be cash positive from the
second quarter of 2005. The continual growth in our revenues
combined with the planned cost reductions should also enable us
to deliver a significant profit for shareholders this
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