In the event the reverse stock split contemplated by the term sheet is completed, each shareholder will be entitled to receive the number of post-split common shares calculated by dividing their pre-split common share holdings by 1,000 and rounding down to the nearest whole number. If the total number of pre-split common shares that a shareholder holds is not evenly divisible by 1,000, the shareholder will receive cash equal to the fraction of a post-split common share that the shareholder otherwise would have been entitled to receive, multiplied by a value determined by the Company's board of directors to represent the approximate market value of 1,000 common shares prior to consummation of the split. Consummation of the reverse split would require the approval of the Company's shareholders. The Company anticipates that ERP2 will have sufficient voting power to assure that such shareholder approval will be obtained.

The Company anticipates that completion of the reverse split would reduce the number of holders of its common stock below 300, thereby allowing the Company to effect the deregistration of its common stock under the Securities Exchange Act of 1934 as required by the term sheet. If the Company's common stock is deregistered, the Company will no longer be subject to public reporting requirements under the Securities Exchange Act of 1934, including any requirements to file annual reports on Form 10-K and quarterly reports on Form 10-Q.

Although the Company's common stock would no longer be quoted on the OTC Bulletin Board if deregistration occurs, the Company anticipates that its common stock would be quoted on the Pink Sheets immediately following any deregistration.

"This financing provides the Company with the necessary working capital to invest in our sales and marketing capabilities and explore new market opportunities with a view to accelerating conversion of our current pipeline of sales opportunities and building a strong pipeline for the future," stated Alan Kiraly, Chief Executive Officer. "The financing combined with extending the due date for the current demand notes to 2010 significantly strengthens our balance sheet. We estimate that as a result of the reverse stock split the Company will realize annual savings of approximately $500,000 by eliminating the legal, accounting, and other expenses associated with its public filings. We intend to deploy these savings by further investment in sales and marketing in an effort to expand our market footprint and accelerate revenue growth. We look forward to a successful and exciting fiscal 2008."

What is this "likely" manager type?
In the world of SEC registrants (especially LP and LLC), it is somewhat difficult to tell if an advisor/fund manager operates hedge fund(s) or mutual fund(s). On one hand, some management firms do both. On the other hand, there are technical issues that this information must be hard to obtain. Therefore, Fatpitch uses a probablistic algorithm to determine the likeliness of a hedge fund or mutual fund manager.

In the case of mutual fund
There are many layers of mandatory legal structure wrapped around the mutual fund industry. A mutual FUND is managed by an ADVISOR. Yet the FUND is registered under another TRUST. The ADVISOR may or may not be the CUSTODIAN of the FUND ASSET. The CUSTODIAN is often not the entity who files SC-13 form, which declares itself as the MAJORITY SHAREHOLDER of a publicly traded company. The MUTUAL FUND COMPANY operates and markets the mutual funds, but legally it is separated from the ADVISOR as well as the CUSTODIAN since the ASSET does not really belongs to the MUTUAL FUND COMPANY. Right?
On the flip side, no fund manager wants you to be able to track his/her portfolio. This is just the norm of the business. So in some cases, they are making this structure as complex as the regulation allows. (I am sorry to tell you this if this is new to you!)

EPR2 Form 4
http://www.secform4.com/insider-trading/1414587.htm

Enterprise Informatics Executes Term Sheet Providing for $1,500,000 of New Debt Financing, a Reverse Stock Split and Deregistration
Wednesday January 16, 8:00 am ET


SAN DIEGO, CA--(MARKET WIRE)--Jan 16, 2008 -- Enterprise Informatics, Inc. (OTC BB:EPRS.OB - News), a leading provider of enterprise information management solutions, today announced that it has entered into a term sheet for a financing transaction with ERP2 Holdings, LLC ("ERP2"), its majority shareholder. The term sheet provides that ERP2 will loan $1,500,000 to the Company. The loan will be secured by substantially all the assets of the Company, have a maturity date two years from the date of issuance and bear interest at a rate of 10% per annum. The term sheet requires the Company to effect a 1000-to-1 reverse split of its common stock and the deregistration of its common stock under the Securities Exchange Act of 1934 by April 30, 2008.
ADVERTISEMENT


Of the $1,500,000 to be loaned by ERP2, an initial disbursement in the amount of $300,000 is to be loaned upon finalization and execution of definitive transaction documents. A second disbursement of $1,200,000 is conditioned upon completion of the 1000-to-1 reverse split and deregistration of the Company's common stock.

Upon execution of the term sheet, the Company issued to ERP2 a warrant with a per share exercise price of $0.08 and a 10-year term for the purchase of 17,175,971 shares of common stock. The term sheet provides that, upon the second disbursement of $1,200,000, the Company will issue to ERP2 warrants, each having a per share exercise price of $0.08 and a 10-year term, for the purchase of the aggregate number of shares of common stock equal to the greater of 26,735,508 shares of common stock and 20% of the fully diluted outstanding common stock as of the issuance date.

In addition, as required by the term sheet, the Company declared a dividend payable to ERP2 in the amount of 20,827,268 shares of common stock, in satisfaction of the entire amount of accrued and unpaid dividends (together with interest) on the shares of the Company's Series F Convertible Preferred Stock held by ERP2.

ERP2, which also holds secured demand notes, under which the aggregate amount payable by the Company including interest, as of December 31, 2007 was $693,000, has agreed to extend the maturity of such notes until the second anniversary of the date of issuance of the new notes.

Under the term sheet, so long as the new notes or the extended demand notes are outstanding, the Company is obligated to procure certain advisory and other services from ERP2 for aggregate compensation not to exceed $60,000 in any quarter. The term sheet also provides for the payment by the Company to ERP2 of a $75,000 closing fee and certain fees and expenses associated with the notes.

In the event the reverse stock split contemplated by the term sheet is completed, each shareholder will be entitled to receive the number of post-split common shares calculated by dividing their pre-split common share holdings by 1,000 and rounding down to the nearest whole number. If the total number of pre-split common shares that a shareholder holds is not evenly divisible by 1,000, the shareholder will receive cash equal to the fraction of a post-split common share that the shareholder otherwise would have been entitled to receive, multiplied by a value determined by the Company's board of directors to represent the approximate market value of 1,000 common shares prior to consummation of the split. Consummation of the reverse split would require the approval of the Company's shareholders. The Company anticipates that ERP2 will have sufficient voting power to assure that such shareholder approval will be obtained.

The Company anticipates that completion of the reverse split would reduce the number of holders of its common stock below 300, thereby allowing the Company to effect the deregistration of its common stock under the Securities Exchange Act of 1934 as required by the term sheet. If the Company's common stock is deregistered, the Company will no longer be subject to public reporting requirements under the Securities Exchange Act of 1934, including any requirements to file annual reports on Form 10-K and quarterly reports on Form 10-Q.

Although the Company's common stock would no longer be quoted on the OTC Bulletin Board if deregistration occurs, the Company anticipates that its common stock would be quoted on the Pink Sheets immediately following any deregistration.

"This financing provides the Company with the necessary working capital to invest in our sales and marketing capabilities and explore new market opportunities with a view to accelerating conversion of our current pipeline of sales opportunities and building a strong pipeline for the future," stated Alan Kiraly, Chief Executive Officer. "The financing combined with extending the due date for the current demand notes to 2010 significantly strengthens our balance sheet. We estimate that as a result of the reverse stock split the Company will realize annual savings of approximately $500,000 by eliminating the legal, accounting, and other expenses associated with its public filings. We intend to deploy these savings by further investment in sales and marketing in an effort to expand our market footprint and accelerate revenue growth. We look forward to a successful and exciting fiscal 2008."

February 27, 2008 - 9:01 AM EST

EPRS 0.05

Enterprise Informatics Announces eB Availability for Microsoft Windows Server 2008
Simplifies Administration, Enhances Security and Increases Scalability
Enterprise Informatics, Inc. (OTCBB: EPRS), a leading provider of Enterprise Information Management solutions, announced today that its flagship product eB has received the Certified for Microsoft Windows Server 2008 logo.

eB is a commercial enterprise information management solution that uniquely manages the connectivity to all relevant enterprise information including documents, records, assets, people, processes & projects. The eB solution provides five key functions for managing the lifecycle of enterprise information:


1. Document management and control
2. Change management
3. Records management
4. Document distribution
5. Configuration management


"Our customers utilize eB to meet stringent operational and regulatory compliance requirements that demand a high level of reliability and scalability offered by the Microsoft platform," said Alan Kiraly, CEO, Enterprise Informatics. "Security and installation capabilities offered in Windows Server 2008 are a big benefit for our customers."

As a Microsoft Gold Certified Partner, Enterprise Informatics has been an early adopter of Microsoft's latest technologies. eB Director 14.4.2 received the Certified for Windows Vista logo in June of 2007 and eB is built on the .NET Framework and extends the document management capabilities of Microsoft Office SharePoint Server 2007.

"Microsoft is pleased to be working with Enterprise Informatics to expand the offerings for customers of Windows Server 2008," said Ward Ralston, Group Technical Product Manager for Windows Server Marketing at Microsoft Corp. "Our industry partners play an essential role in ensuring that our customers have the best technology foundation available, and eB helps deliver valuable new functionality to customers."

Enterprise Informatics will be exhibiting eB at Microsoft's "Heroes Happen Here" launch event held in Los Angeles, CA on Feb 27, 2008. With the combined launch of Windows Server 2008, Microsoft SQL Server 2008 and Microsoft Visual Studio 2008, Microsoft's 2008 launch event is expected to be the largest outreach to customers, partners, IT Professionals and Developers in Microsoft history.

About Enterprise Informatics

Enterprise Informatics provides an enterprise information management solution, eB, which ensures the integrity of controlled information by uniquely managing its connectivity to all other relevant information -- documents, records, physical assets, people, processes and projects. eB creates an ecosystem for the rapid access of accurate information in context that results in reducing the cost of meeting compliance and improving operational efficiency.

Key customers include Entergy, NuStart Energy, Constellation Energy, Continental Express, Ameren UE, City of Dayton, Lloyds Register of Shipping, City of Wilson, City of Lancaster, Northeast Utilities, Colorado Springs Utilities, Network Rail, Aker Kvaerner, City of Las Vegas, City of Winston Salem, and Fayetteville Public Works Commission.

All product and company names herein may be trademarks of their respective owners.

Media Contact
Rick Berzle
Enterprise Informatics
858-271-4351
rberzle@enterpriseinformatics.com

February 14, 2008 - 4:58 PM EST

EPRS 0.05 0.00

Enterprise Informatics Announces First Quarter 2008 Results
Highlights: Revenues Up 25% vs. Year Ago Quarter; License Revenues Up 64% vs. Year Ago Quarter
Enterprise Informatics Inc. (OTCBB: EPRS), a leading provider of enterprise information management solutions, today reported results of operations for its first quarter of fiscal 2008 ended December 31, 2007.

Revenues for the first quarter of FY2008 were $2.17 million versus $1.73 million in the same period a year ago. License revenues increased 64% to $640,000 for the first quarter of FY2008 from $390,000 a year ago. Earnings before interest, taxes, depreciation and amortization excluding stock compensation ("EBITDA") for the first quarter of FY2008 were a loss of ($154,000), or ($0.00) per share, compared with income of $100,000, or $0.00 per share, for the same quarter a year ago.

Net loss available to common shareholders was ($382,000) or ($0.01) per share for the first quarter of FY 2008 after cumulative preferred dividends of $66,000 versus a net loss was ($117,000), or ($0.00) per share in the prior year after cumulative preferred dividends of $66,000. The loss for the quarter includes expense of $536,000 for retention bonuses in connection with Spescom Ltd's sale in October 2007 of its majority interest in the Company to ERP2 Holdings, LLC.

"The 64% increase in license revenues for the quarter is confirmation that our customers see the value proposition we are offering to the market," stated Alan Kiraly, Chief Executive Officer. "In addition, the recently announced addition of Dominic O'Riley as Executive Vice President Worldwide Sales is in line with our plan to continue to expand our sales and partner infrastructure in an effort to accelerate our growth."

About Enterprise Informatics

Enterprise Informatics provides an enterprise information management solution, eB, which ensures the integrity of controlled information by uniquely managing its connectivity to all other relevant information -- documents, records, physical assets, people, processes and projects. eB creates an ecosystem for the rapid access of accurate information in context that results in reducing the cost of meeting compliance and improving operational efficiency.

Key customers include Entergy, NuStart Energy, Constellation Energy, Continental Express, Ameren UE, City of Dayton, Lloyds Register of Shipping, City of Wilson, City of Lancaster, Northeast Utilities, Colorado Springs Utilities, Network Rail, Aker Kvaerner, City of Las Vegas, City of Winston Salem, and Fayetteville Public Works Commission.

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. These statements can be identified by the words, "expects," "projects," "hopes," "believes," "could," and other similar words. Actual results, events or performance could differ materially from these forward-looking statements based on a variety of factors, many of which are beyond the Company's control. Therefore, readers are cautioned not to put undue reliance on these statements. Investors are cautioned that all such statements involve risks and uncertainties, which may include risks related to market acceptance, market demand, pricing, changing regulatory environment, adequacy of the Company's financial resources to execute its business plan, the effect of the Company's accounting policies, potential seasonality, industry trends, and the Company's ability to attract, retain and motivate key personnel. Forward-looking statements contained in this press release should be considered in light of these factors, and those factors discussed from time to time in the Company's public reports filed with the Securities and Exchange Commission, such as those discussed under the heading, "Risk Factors," in the Company's most recent annual report on Form 10-K. These forward-looking statements speak only as of the date hereof. The Company undertakes no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events.


ENTERPRISE INFORMATICS INC.
Consolidated Statements of Operations

For the three months
ended December 31,
----------------------
2007 2006
---------- ----------
(Unaudited)
Revenues:
Licenses $ 640,000 $ 390,000
Services and other 1,527,000 1,337,000
---------- ----------
Total revenues 2,167,000 1,727,000
---------- ----------

Cost of revenues:
Licenses 55,000 38,000
Services and other 725,000 591,000
---------- ----------
Total cost of revenues 780,000 629,000
---------- ----------

Gross profit 1,387,000 1,098,000
---------- ----------

Operating expenses:
Research and development 433,000 258,000
Marketing and sales 571,000 460,000
General and administrative 614,000 368,000
---------- ----------
Total operating expenses 1,618,000 1,086,000
---------- ----------

Income (loss) from operations (231,000) 12,000

Interest and other income/expense (85,000) (63,000)
---------- ----------
Net loss (316,000) (51,000)

Deemed preferred dividend - -
---------- ----------
Net loss available after deemed preferred dividend (316,000) (51,000)

Cumulative preferred dividends (66,000) (66,000)
---------- ----------
Net loss available to common shareholders $ (382,000) $ (117,000)
========== ==========

Basic and diluted net loss per common share $ (0.01) $ (0.00)
========== ==========

Shares used in computing basic and diluted net
loss per common share 37,761,000 37,144,000




ENTERPRISE INFORMATICS INC.
Consolidated Balance Sheets

December 31, September 30,
2007 2007
----------- -----------
(unaudited)
ASSETS
Current assets:
Cash and cash equivalents $ 711,000 $ 553,000
Receivables, net 1,033,000 746,000
Other current assets 217,000 204,000
----------- -----------
Total current assets 1,961,000 1,503,000

Property and equipment, net 198,000 211,000
Computer software, net 295,000 321,000
Other assets 60,000 27,000
----------- -----------
Total assets $ 2,514,000 $ 2,062,000
=========== ===========

LIABILITIES AND SHAREHOLDERS' DEFICIT

Current liabilities:
Accounts payable $ 389,000 $ 338,000
Preferred stock dividend payable 1,323,000 1,233,000
Accrued liabilities 1,897,000 1,465,000
Lease obligation - current portion 23,000 32,000
Deferred revenue 2,765,000 2,611,000
----------- -----------
Total current liabilities 6,397,000 5,679,000

Notes and accrued interest payable 693,000 676,000
Lease obligation 52,000 55,000
----------- -----------
Total liabilities 7,142,000 6,410,000
----------- -----------

Total shareholders' deficit (4,628,000) (4,348,000)
----------- -----------

Total liabilities and shareholders'
deficit $ 2,514,000 $ 2,062,000
=========== ===========



EBITDA Calculation
(unaudited)
For the three months
ended December 31,
------------------------
2007 2006
----------- ------------

Income (loss) from Operations $ (231,000) $ 12,000
Add back:
Depreciation and amortization 46,000 46,000
FAS 123R share-based compensation expense 31,000 42,000


EBITDA excluding FAS 123R share-based
compensation expense $ (154,000) $ 100,000
=========== ============

EBITDA per common share $ (0.00) $ 0.00
=========== ============

Shares used in computing
EBITDA per common share 37,761,000 37,144,000


COMPANY CONTACTS:
Alan Kiraly
CEO
John Low
CFO
(858) 625-3000





Source: Marketwire (February 14, 2008 - 4:58 PM EST)

News by QuoteMedia
www.quotemedia.com

As further comment and general explanation, read the following post. This could become a really good stock in a growth portfolio... the market niche is a rapidly growing market segment and the company has a profitable position now:

Posted by: Cee-It
In reply to: dart1961 who wrote msg# 15271 Date:2/27/2008 12:01:01 AM
Post #of 15287

Dart - The Case for EPRS..

You are probably right that tomorrow will be a "blood bath" for EPRS... HOWEVER, this is one I will buy during that time rather than try to sell.

I fully realize you are living on the TA. In this case, I'm looking at the merit of the value.

This company turned to profitable a few months ago. Then, a lender made an offer (greedy is a kind word for it) that included a provision to take the company private.

They PR'd the lending info along with a "plan" to do a R/S of 1000 to 1 as part of a method to pass the requirements of SEC Rule 12g5-1 (maximum of 300 shareholders)... and the price started falling like a ROCK...

HOWEVER, as evidenced by volume on Feb 8th, there is now the probability (IMO) that the SEC will scuttle their plan and prevent the nonsense. So, we have a major gain due for going profitable and a major recovery due for the R/S and privitizing matter.

IMO... this is a BUY until it reaches the .15 cent range and then perhaps a hold for closer to .50 cents.

As further background, the "FINAL REPORT OF THE ADVISORY COMMITTEE ON SMALLER PUBLIC COMPANIES TO THE U.S. SECURITIES AND EXCHANGE COMMISSION" recommended to: "Amend SEC Rule 12g5-1 to interpret “held of record” in Exchange Act Sections. 12(g) and 15(d) to mean held by actual beneficial holders..."

This means the SEC will frown on attempts to remove shareholders and then use the "street name" argument to sell the fact there are less than three hundred when there are probably thousands of "beneficial holders" and THE NUMBER IS GROWING.

AJMO - GLTA and go EPRS

FLYING HIGH... No one seems to even know this stock is alive and well as Enterprise Informatics.

After careful review I'm convinced this "going private" effort will NOT pass muster with the SEC. This is a major breakout and it will fly... earnings and cheap, what a nice combo.

GLTA

i had no idea we had a ticker change coming. weird.

looking for some more action today. get ready!!!!!

wow, dead board. booooming today on great 2Q report.

Spescom Software Announces First Quarter 2007 Results

Feb 14, 2007 08:00:25 (ET)



SAN DIEGO, CA, Feb 14, 2007 (MARKET WIRE via COMTEX) --

Highlights:
Revenue up 9% vs. previous quarter
EBITDA up $260,000 vs. previous quarter
Backlog up 60% vs. previous quarter



Spescom Software Inc. (SPCO, Trade ), a leading provider of enterprise information management solutions, today reported results of operations for its first quarter of fiscal 2007 ended December 31, 2006.

Revenues for the first quarter of FY2007 were $1.73 million versus $1.58 million reported in the previous quarter and $1.83 million in the same period a year ago. Earnings before interest, taxes, depreciation and amortization excluding stock compensation ("EBITDA") for the first quarter of FY2007 were $100,000, or $0.00 per share, compared with a loss of ($160,000) or ($0.00) per share the previous quarter and a loss of ($48,000), or ($0.00) per share, for the same quarter a year ago.

Net loss available to common shareholders was ($117,000) or ($0.00) per share for the first quarter of FY 2007 after cumulative preferred dividends of $66,000 versus a net loss in the previous quarter of ($370,000) or ($ 0.01) per share after cumulative preferred dividends of $71,000. The net loss was ($767,000), or ($0.02) per share in the prior year after deemed and cumulative preferred dividends of $588,000.

Deferred revenue increased to $5.1 million at December 31, 2006 from $2.8 million at the end of FY 2006. In addition, the company's contract backlog, which includes deferred revenue, was $6.7 million at December 31, 2006 versus $4.2 million at September 30, 2006. The significant increase was primarily due to the $2.0 million license contract announced last October.

"Achieving positive EBITDA is a significant accomplishment and confirms that we are on the proper track," stated Alan Kiraly, Chief Executive Officer. "In addition, the balance sheet was significantly strengthened by the $2.0 million license contract signed during the quarter. That sale enabled us to reduce our debt and close the quarter with $1.3 million in cash."

"Operationally we continue to capitalize on our success in the Nuclear Energy market as demonstrated by the recently announced contract with Nuclear Fuel Services. We continue to expand our product footprint in long term customer accounts such as Network Rail, which owns and operates the rail infrastructure in the UK and JEA, the eighth-largest community-owned utility in the US. From a marketing and sales perspective, our efforts remain focused on the nuclear and city/county government markets where meeting compliance requirements is critical. Finally, we anticipate a broader industry awareness of the eB product suite as we participate in the Microsoft Vista product launch and leverage our Gold Partner status."

About Spescom Software

Spescom Software (SPCO, Trade ) is a leading provider of enterprise information management solutions that enable organizations to reduce the cost of meeting compliance requirements, minimize business risk and optimize process efficiency. Spescom's advanced software product, eB, ensures the integrity of the controlled information by uniquely managing the connectivity to all relevant information such as documents, records, assets, people, processes and projects - creating an ecosystem for the rapid access of accurate information in context. eB vastly improves the integrity, visibility and access to all relevant information at the time it is needed.

Key customers include Entergy, NuStart Energy, Constellation Energy, Florida Power & Light, Continental Express, Ameren UE, City of Dayton, Lloyds Register of Shipping, Northeast Utilities, Network Rail, Aker Kvaerner, City of Las Vegas, City of Winston Salem, Fayetteville Public Works Commission and many others. www.spescomsoftware.com

Except for historical information contained herein, the matters set forth in this release include forward-looking statements that are dependent on certain risks and uncertainties, including such factors, among others, as market acceptance, market demand, pricing, changing regulatory environment, the effect of the company's accounting policies, potential seasonality and other risk factors detailed in the Company's SEC filings.


SPESCOM SOFTWARE INC.
Consolidated Statements of Operations
For the three months
ended December 31,
----------------------
2006 2005
---------- ----------
(Unaudited)
Revenues:
Licenses $ 390,000 $ 564,000
Services and other 1,337,000 1,268,000
---------- ----------
Total revenues 1,727,000 1,832,000
---------- ----------
Cost of revenues:
Licenses 38,000 122,000
Services and other 591,000 540,000
---------- ----------
Total cost of revenues 629,000 662,000
---------- ----------
Gross profit 1,098,000 1,170,000
---------- ----------
Operating expenses:
Research and development 258,000 203,000
Marketing and sales 460,000 653,000
General and administrative 368,000 441,000
---------- ----------
Total operating expenses 1,086,000 1,297,000
---------- ----------
Income (loss) from operations 12,000 (127,000)
Interest and other expense (63,000) (52,000)
---------- ----------
Net loss (51,000) (179,000)
Deemed preferred dividend - (500,000)
---------- ----------
Net loss available after deemed preferred dividend (51,000) (679,000)
Cumulative preferred dividends (66,000) (88,000)
---------- ----------
Net loss available to common shareholders $ (117,000) $ (767,000)
========== ==========
Basic and diluted net loss per common share $ (0.00) $ (0.02)
========== ==========
Shares used in computing basic and diluted net loss
per common share 37,144,000 36,819,000
SPESCOM SOFTWARE INC.
Consolidated Balance Sheets
December 31, September 30,
2006 2006
------------ --------------
(unaudited)
ASSETS
Current assets:
Cash and cash equivalents $ 1,304,000 $ 95,000
Receivables, net 964,000 854,000
Other current assets 154,000 190,000
------------ --------------
Total current assets 2,422,000 1,139,000
Property and equipment, net 119,000 131,000
Computer software, net 399,000 425,000
Other assets 31,000 28,000
------------ --------------
Total assets $ 2,971,000 $ 1,723,000
============ ==============
LIABILITIES AND SHAREHOLDERS' DEFICIT
Current liabilities:
Accounts payable $ 347,000 $ 792,000
Payable to Spescom Ltd. 190,000 550,000
Notes and accrued interest payable to
Spescom Ltd. 683,000 -
Preferred stock dividend payable to
Spescom Ltd. 971,000 887,000
Accrued liabilities 1,239,000 1,446,000
Lease obligation - current portion 40,000 44,000
Deferred revenue 5,054,000 2,752,000
Series I redeemable preferred stock 2,450,000 2,450,000
------------ --------------
Total current liabilities 10,974,000 8,921,000
Notes and accrued interest payable to
Spescom Ltd. - 664,000
Lease obligation 10,000 16,000
------------ --------------
Total liabilities 10,984,000 9,601,000
------------ --------------
Total shareholders' deficit (8,013,000) (7,878,000)
------------ --------------
Total liabilities and shareholders'
deficit $ 2,971,000 $ 1,723,000
============ ==============
EBITDA Calculation
(unaudited)
For the three months
ended December 31,
----------------------
2006 2005
----------- ----------
Income (loss) from Operations $ 12,000 $ (127,000)
Add back:
Depreciation and amortization 46,000 25,000
FAS 123R share-based compensation expense 42,000 54,000
----------- ----------
EBITDA excluding FAS 123R share-based compensation
expense $ 100,000 $ (48,000)
=========== ==========
EBITDA per common share $ 0.00 $ (0.00)
=========== ==========
Shares used in computing
EBITDA per common share 37,144,000 36,819,000




COMPANY CONTACT:
Alan Kiraly
CEO
John Low
CFO
(858) 625-3000




SOURCE: Spescom Software Inc.

Nuclear Fuel Services Selects Spescom's eB for EnterpriseConfiguration and Content Management

Jan 23, 2007 08:00:18 (ET)


SAN DIEGO, CA, Jan 23, 2007 (MARKET WIRE via COMTEX) -- Spescom Software, Inc. (SPCO, Trade ), a leading provider of enterprise information management solutions, announced today that Nuclear Fuel Services, Inc. (NFS) selected Spescom's eB Nuclear to meet the governance and compliance requirements for their nuclear materials processing facility in Erwin, Tennessee.

In today's competitive global energy markets, nuclear facility operators are under constant pressure to reduce operational costs, improve productivity and boost profits, all while ensuring the highest levels of safety and strict regulatory compliance. Clear, concise, valid, and timely information is critical, especially in an environment that is characterized by constant change as the plant is continuously upgraded, modified and maintained. eB Nuclear facilitates these critical operational activities through its underlying principles of Configuration Management.

"This contract continues to validate the depth of our internal nuclear industry knowledge and the ability to deliver quality, performance and reliability in a highly demanding and regulated market," stated Alan Kiraly, Spescom's CEO. "Our nuclear partners, like Florida Power & Light, Seabrook and Ameren Callaway, have returned astonishing performance results using eB Nuclear," added Mr. Kiraly. "Spescom is committed to the nuclear market with support for a comprehensive portfolio of solutions that include Records Management, Corrective Action, Human Performance, Controlled Documents, INPO AP-929 Design and Cable Raceway. We are excited to welcome NFS to the Spescom family of nuclear customers."

About Nuclear Fuel Services

NFS is a leading supplier of highly enriched uranium materials in the USA. It is a pioneer in the downblending of highly enriched uranium (HEU) into low enriched uranium (LEU) for peaceful uses in commercial power reactors.

About Spescom Software

Spescom Software (SPCO, Trade ) is a leading provider of enterprise information management solutions that enable organizations to reduce the cost of meeting compliance requirements, minimize business risk and optimize process efficiency. Spescom's advanced software product, eB, ensures the integrity of the controlled information by uniquely managing the connectivity to all relevant information such as documents, records, assets, people, processes and projects -- creating an ecosystem for the rapid access of accurate information in context. eB vastly improves the integrity, visibility and access to all relevant information at the time it is needed.

Key customers include Entergy, NuStart Energy, Constellation Energy, Florida Power & Light, Continental Express, Ameren UE, City of Dayton, Lloyds Register of Shipping, Northeast Utilities, Network Rail, Aker Kvaerner, City of Las Vegas, City of Winston Salem, Fayetteville Public Works Commission and many others. www.spescomsoftware.com

Cautionary Statement

Except for historical information contained herein, the matters set forth in this release include forward-looking statements that are dependent on certain risks and uncertainties, including such factors, among others, as market acceptance, market demand, pricing, changing regulatory environment, the effect of the company's accounting policies, potential seasonality and other risk factors detailed in the company's SEC filings.


Contact:
Alan Kiraly, CEO
John Low, CFO
Spescom Software, Inc.
Tel: 858-625-3000




SOURCE: Spescom Software, Inc.

Spescom Software Appoints Alan Kiraly to Board as CEO

Jan 16, 2007 08:01:20 (ET)


SAN DIEGO, CA, Jan 16, 2007 (MARKET WIRE via COMTEX) -- Spescom Software, Inc. (SPCO, Trade ), a leading provider of enterprise information management solutions for meeting compliance requirements, today announces the appointment of Alan Kiraly to the Board of Directors and Chief Executive Officer. Mr. Kiraly has served as interim Chief Executive Office since August 2006. Prior to that appointment Mr. Kiraly served as the company's Vice President of Product Development.

"The company has made great progress over the past 6 months under Alan's interim leadership. We are confident with Alan's capability to lead the company and optimistic about the potential for the company going forward," said Michael Silverman, Chairman of Spescom Software. "We are firmly behind the strategy Alan and his team are pursuing and look forward to continued improvement this fiscal year and next."

"Continued market acceptance of the company's eB product line in highly regulated industries to meet compliance requirements is a strong statement about the breadth and depth of our offering," said Alan Kiraly, CEO of Spescom Software. "As we enter into this calendar year, we will: a) renew our focus on marketing to establish a strong brand presence in our target markets, b) leverage our strong relationship with Microsoft and c) expand our sales capability to take advantage of new market opportunities. This is truly a special time for Spescom and I am excited to have the opportunity to take the company forward."

Prior to joining the company, Mr. Kiraly was the Chief Executive Officer of Lascom Solutions Inc., the United States subsidiary of Lascom, SA, a French software developer. Before Lascom, Mr. Kiraly held a variety of management positions in product marketing, development and project services at various companies in the software industry including Motiva Software, SDRC, and Spectragraphics. Mr. Kiraly earned a B.S. degree in Mechanical Engineering from Michigan State University in 1983, and Masters of Science in Mechanical Engineering from the University of Dayton in 1986.

About Spescom eB

eB comprises an extensive set of software components that together form the foundation for an extremely flexible and powerful information management platform. eB's components include: content/document management; requirements management; records management; item management; change management; configuration management and workflow. eB(R) is a registered trademark of Spescom Software, Inc.

About Spescom Software, Inc.

Spescom Software (SPCO, Trade ) delivers enterprise information management solutions that provide rapid access to accurate information in context to assets, products and processes, resulting in improved customer satisfaction, productivity and safety.

Key customers include Constellation Energy, Continental Express, AmerenUE, Cities of Las Vegas and Dayton, Lloyds Register of Shipping, Entergy, Northeast Utilities, Network Rail, and many others.

Except for historical information contained herein, the matters set forth in this release include forward-looking statements that are dependent on certain risks and uncertainties, including such factors, among others, as market acceptance, market demand, pricing, changing regulatory environment, the effect of the company's accounting policies, potential seasonality and other risk factors detailed in the Company's SEC filings.


COMPANY CONTACT:

Alan Kiraly
CEO

John Low
CFO

(858) 625-3000

Hi -

FWIW -- I've reviewed this stock and decided to start building a long term position. The technology is right, the products seem to have a good foundation, there are signs of acceptance and the market niche is not center-line or large enough to be threatened by major firms. IMO this could provide a capable firm with a nice base niche for further horizontal market penetration and overall growth.

GLTA

Spescom Software Announces Fourth Quarter and Yearend 2006 Results

Dec 26, 2006 08:00:23 (ET)



SAN DIEGO, CA, Dec 26, 2006 (MARKET WIRE via COMTEX) --

Highlights:
Revenues up over 32% vs. 2005 quarter
License revenue up 30% vs. 2005 quarter
Net loss drops to ($299,000) vs. ($1,568,000) in 2005 quarter



Spescom Software, Inc. (SPCO, Trade ), a leading provider of enterprise information management solutions, today reported results of operations for its fourth quarter and year ended September 30, 2006.

Revenues for the fourth quarter of FY2006 totalled $1.6 million, an increase of 32% versus revenues of $1.2 million in the same period a year ago. The increase brought total FY2006 revenues to $7.0 million versus $5.8 million in FY2005.

Earnings before interest, taxes, depreciation and amortization excluding stock compensation ("EBITDA") for the fourth quarter of FY2006 were ($160,000), or ($0.00) per share, compared with ($1.4 million), or ($0.04) per share, the quarter a year ago. The FY2006 EBITDA loss of ($415,000), or ($0.01) per share was a substantial improvement over the loss of ($3.2 million), or ($0.09) per share, a year ago.

The net loss available to common shareholders was ($370,000) or ($0.01) per share for the fourth quarter of FY2006. The comparable quarter a year ago was a net loss available to common shareholders of ($1.6 million) or ($0.04) per share.

Net loss available to common shareholders was ($2.4 million) or ($0.06) per share for FY2006 after deemed and cumulative preferred dividends of $1.4 million. The net loss available to common shareholders was ($6.0 million), or ($0.17) per share in the prior year after deemed and cumulative preferred dividends of $2.5 million.

"The substantial improvement in operating results in 2006 is attributable to the significant growth in license revenue while successfully executing the company's cost control plans," stated Alan Kiraly, Chief Executive Officer. "The license growth demonstrates the demand for the company's eB product and validates our technology commitment to Microsoft's .NET platform. In addition, the company success in focusing on its strengths in the Nuclear Utilities and Local Government markets lead to the growth this year and positioning the company for continued success 2007."

"With the recently announced sales to Jacksonville Energy Authority (JEA) and Defense Threat Reduction Agency of the US Department of Defense combined with the company's expanding relationship with Microsoft as a Gold Certified Partner and a member of several Microsoft Vista and Office 2007 System early adopter programs, we have created significant momentum entering into fiscal year 2007, and are excited about our prospects."

About Spescom Software, Inc.

Spescom Software (SPCO, Trade ) develops and delivers solutions for regulated organizations with vast quantities of inter-dependent documents that need to be managed and controlled through their lifecycle. Customers are generally focused on meeting regulatory compliance requirements and reducing business risk while optimizing process efficiency to lower the cost of operations and compliance. The company's product "eB" is an Enterprise Information Management solution that vastly improves the integrity, visibility and access to all relevant information at the time it is needed by uniquely connecting information with relevant assets, people, processes, projects and functions to create a framework for rapid access to accurate information in context.

Key customers include Constellation Energy, Continental Express, AmerenUE, Cities of Las Vegas and Dayton, Lloyds Register of Shipping, Entergy, Northeast Utilities, Network Rail, and many others.

Except for historical information contained herein, the matters set forth in this release include forward-looking statements that are dependent on certain risks and uncertainties, including such factors, among others, as market acceptance, market demand, pricing, changing regulatory environment, the effect of the company's accounting policies, potential seasonality and other risk factors detailed in the Company's SEC filings.

Defense Threat Reduction Agency Selects Spescom Software

Nov 15, 2006 08:00:52 (ET)


SAN DIEGO, CA, Nov 15, 2006 (MARKET WIRE via COMTEX) -- Spescom Software, Inc. (SPCO, Trade ), a leading provider of enterprise content and configuration management solutions, announced today that the Defense Threat Reduction Agency (DTRA), located at Fort Belvoir, VA., selected Spescom for their IT configuration management solution. DTRA required a solution to manage the configuration of their IT infrastructure and all related technical specifications, requirements and organizations associated with the infrastructure.

The requirement is to support the configuration of the structured data such as the hardware and to manage associated content, persons, locations, applications and projects in context of the IT infrastructure. DTRA selected Spescom's eB. Spescom's 4-star configuration management certification from the Institute of Configuration Management validates the full features of the eB product.

"The selection of Spescom eB by DTRA demonstrates the richness and breadth of the eB product. We are seeing increased interest and demand worldwide for a comprehensive configuration management solution to complement other tools traditionally used within IT organizations," said Alan Kiraly, CEO Spescom Software. "We are excited to have DTRA as a new customer and look forward to assisting in maximizing their investment as the first of potentially many solutions for the Department of Defense."

About DTRA

DTRA is a combat support agency of the U.S. Department of Defense. Created in 1998, the agency headquarters is located in Fort Belvoir, Virginia. DTRA employs approximately 2,000 military and civilian personnel at more than 14 locations around the world. The mission of DTRA is to safeguard America and its allies from Weapons of Mass Destruction (chemical, biological, radiological, nuclear, and high yield explosives) by providing capabilities to reduce, eliminate, and counter the threat, and mitigate its effects.

About Spescom Software

Spescom Software (SPCO, Trade ) is a leading provider of enterprise content and configuration management solutions. Spescom's advanced software captures, manages and controls all enterprise content in context to the assets, products and processes that it relates to, resulting in improved customer satisfaction, productivity and safety. It achieves this through a tightly integrated suite of document, configuration and records management technologies, combined with a powerful workflow capability that enables the identification of all critical enterprise information, the effective management of change and other business processes and the maintaining of records to ensure regulatory compliance. Spescom, a Microsoft Gold Partner, leverages the Microsoft technology to meet the stringent reliability, throughput and scalability requirements for these highly regulated markets.

Key customers include Entergy, NuStart Energy, Constellation Energy, Continental Express, Ameren UE, City of Dayton, Lloyds Register of Shipping, Northeast Utilities, Network Rail, Aker Kvaerner, City of Las Vegas, City of Winston Salem, Fayetteville Public Works Commission and many others. www.spescomsoftware.com

Cautionary Statement

Except for historical information contained herein, the matters set forth in this release include forward-looking statements that are dependent on certain risks and uncertainties, including such factors, among others, as market acceptance, market demand, pricing, changing regulatory environment, the effect of the company's accounting policies, potential seasonality and other risk factors detailed in the company's SEC filings.


Contact:
Spescom Software, Inc.
Alan Kiraly
CEO
John Low
CFO
Tel 858-625-3000




SOURCE: Spescom Software, Inc

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