Labels:text | screenshot | graphic design OCR: Shareholders and other INTERIM REPORT TO OUR SHAREHOLDERS individuals requesting information about Microstar We are pleased to provide Microstar's first report to Microstar invented CADE and formulated the or wishing to receive copies shareholders as a public company following our listing methodologies to deliver document engineering of the Annual and Quarterly MICROSTAR on The Toronto Stock Exchange on October 28, 1993. solutions based on it. We developed an innovative Reports should call or write, This, our third quarter, showed good progress, both in terms of our overall corporate strategy to be a world software product which significantly reduces the entry cost for achieving the benefits of CADE. Investor Relations at the class supplier of document engineering products and Corporate Headquarters in services and in the development of our new product We launched an education series for CADE and Nepean. lines. NEAR & FAR® our document modeling software. Financial Results Market research indicates that we are the only supplier Address your enquiries to: of these innovative products. Investor Relations, Microstar Software Ltd. We have continued our investment in research and Plans were announced to integrate our products 34 Colonnade Rd. N ., development yet have maintained a profitable position. with major commercial databases such as ORACLE, As expected, the traditional professional services SYBASE, INGRES and WATCOM. This move is designed market for the company showed business performance to significantly increase market penetration. K2E 7J6 characteristics of a maturing market. Our revenues for Print(6 3) 727-5696aper this quarter reflect a deliberate reorientation of effort Third party channel development is key to our towards document engineering services. The company's distribution strategy and we are actively pursuing channels in Canada, the United States, Europe and professional services organization will concentrate on Australia. The Pacific rim remains fertile ground for this growth market. Microstar since all our products are enabled for A international character sets. Total operating expenses for the quarter remained DESIGN consistent with those of the same period a year earlier. Summary Our management team remains focused on efficiency and effectiveness. We will continue to carefully monitor costs as they relate to the provision of our products and We are pleased with the acceptance levels of our new services and will ensure that attention to profitability is products and services and we are confident that our maintained. We will, however, adhere to our policy of product offerings, our competitive advantages and our maintaining the highest quality in our products and business strategies are the appropriate ones. customer service. Our strength in developing products that render international technology standards easy and practical During the third quarter, Microstar completed its initial to use will serve us well in these new and emerging markets. We will be making necessary investments in public offering raising in excess of five and one half million dollars. These funds will be used to expand our sales channel and in our base technologies as the Interim Report our sales and marketing efforts, to increase our document engineering market matures. As we continue investment in research and development and to seek with new product strategies and marketing plans, synergistic technology. I look forward to sharing with you the opportunities for Microstar this year and beyond. For the Third Quarter Products Profonda M During the third quarter, Microstar introduced a new ended October 31, 1993 technology discipline, Computer Aided Document Engineering(tm) - CADE. CADE consists of a series of stepwise methodologies for managing structured MICROSTAR documents. It is based on international standards such President and Chief Executive Officer: * * * *
(.png)
