POMONA, CA. - October 29, 2010 - Agent Information Software, Inc. (AIS), today reported a net loss of ($209,665) for the quarter ended September 30, 2010, and a year to date loss of ($692,683). The loss is reflective of the company's planned investment in new software products in 2010 for subsidiaries Auto-Graphics, which is continuing to expand its software offering for the library market, and AgentLegal, which is developing software for the legal market.
The company saw an increase in sales for AGent VERSO, Auto-Graphics' integrated library system. The AGent VERSO contract awards in the third quarter were comprised of more than 30 libraries throughout North America, primarily mid-sized public libraries. AgentLegal continues to invest in the development of its legal market product offering, consisting of three distinct packages to meet the needs of small to large-sized law firms. The subsidiary's pilot program, with several participating law firms, continues to provide the authoritative feedback required to refine AgentLegal's value proposition and build interest based on a substantial return on investment (ROI) achieved through its products.
About Agent Information Software, Inc.
Founded in 1950 and operating under the name Auto-Graphics, Inc. since 1969, Agent Information Software, Inc. (AIS) develops innovative information and data management solutions for multiple platforms that are standards-compliant, built on open systems architecture and available through the Software as a Service (SaaS) hosted delivery model. AIS' technical ingenuity and reputation for service excellence make us a trusted partner to more than 6,000 customers throughout North America. Our information and data management systems are used by customers across multiple industries, including a range of library markets such as public, academic, school, special and consortia, and also meet the needs of customers in the legal, financial, publishing, aerospace and manufacturing markets. For more information, please visit www.agentinformationsoftware.com.
