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Human Science Systems Announces Empire Research Report
20 May 2005
Human Science Systems, Inc., (Pink Sheets:HMNS - News), a contact center consulting and software development firm, today announced that Empire Research Associates has completed its initial report on the company, in which it recommends HMNS.PK as a "Strong Speculative Buy". The report is an invaluable research tool for both shareholders and strong potential investors.
In his report, William Walling, Chairman and Founder of Empire Research Associates, stated, "We are not yet prepared to present specific quantitative forecasts in this report. But, we sense that a 5% market share level in five years would be plausible (and probably conservative), if Central Authority(TM) catches on commercially. This could provide HMNS with annual revenues in the area of $25 million. At this level, profits would be juicy because software companies have high fixed costs and low variable costs, so rising incremental revenues pour down to the bottom line. Thus, a 40% margin on sales (fully taxed) would imply $10 million of net income in 2010. On the present 17.6 million shares, earnings would exceed $0.50 per share. Though inevitable future financing would necessarily dilute this amount, it would still be mighty attractive for a stock currently selling at $0.075."
Human Science Systems President Lou Mandic stated: "We're very proud of the results that William ("Bill") Walling's analysis has yielded. We know our company to be one with a bright and profitable future, and this report corroborates that fact."
Mandic continued, "In addition to the hours he spent on the phone as part of the preparation of this report, Bill Walling also traveled from New Jersey to meet with us down here in Florida. During his two day visit, Bill spent an extensive amount of time researching and discussing our product, business model and plan, and our marketing and distribution strategy. We entered this relationship with Empire Research impressed by Bill Walling's expertise and track record, and this feeling has only grown after seeing him in action. Bill didn't just look at our business through the eyes of the financial industry veteran that he is. He looked at our business through the eyes of a contact center agent, a potential customer, a potential distributor and, at times, even through the eyes of a software developer. Bill is, without a doubt, a force to be reckoned with, and our knowledge of this fact gives us an even greater appreciation for the results of his analysis."
Bill Walling is a Chartered Financial Analyst with over four decades in the financial services industry. The entire report will be immediately available at http://www.otcstockexchange.com.
Lou Mandic's career spans nearly three decades in the area of information management systems. He has managed technology divisions and projects for companies that include Citicorp, where he spent 16 years, IBM, and Vitas Healthcare Corporation. In 1994 Mandic joined Precision Response Corporation (PRC) as its first Chief Information Officer, a position he held through their 1996 Initial Public Offering and through which he helped manage the opening of nine Florida based contact centers for the company. PRC was subsequently acquired by USA Networks (now IAC/InterActiveCorp, NASD:IACI). While at PRC, Mandic spearheaded the initial funding of CELLIT Technologies, a company formed to develop computer telephony applications. CELLIT Technologies merged with call center technology veteran Davox Corporation in 2002, jointly becoming Concerto Software. In 1998, Mandic founded Concentric Enterprises, Inc., a contact center software reseller and consulting practice, and through this consulting practice identified the clear need for the products today developed by Human Science Systems.
About Human Science Systems, Inc.
Human Science Systems is a next generation developer of software for the contact center industry. Its flagship product, Central Authority(TM), will help contact centers collect, administer and optimize the use of all data generated within the contact center operation. The product will provide all levels of staff with accurate, real time information on the four most critical resources within the contact center: employees, technology, physical capacity, and clients. For more information visit http://www.humansciencesystems.com or call 1-954-603-0495.
About Empire Research Associates, Inc.
Empire Research Associates, Inc. ("Empire Research") is a NJ-based business consulting firm, specializing in economic, financial, investment, and management information system matters. Its three principals have over a century of experience in these fields. Empire Research is not a registered investment advisor or broker-dealer and it has not engaged in investment banking activities. William ("Bill") N. Walling, Jr., CFA, is founder and Chairman of Empire Research. He holds a BA and MBA and is a Chartered Financial Analyst. He has several decades of experience on the brokerage and fiduciary sides of the investment profession. Initially, he was Trust Investment Officer at Empire Trust Co. Subsequent positions include V.P. of Research at White, Weld; Shearson; and A. G. Becker Paribas; as well as Director of Research at Dominick & Dominick. He is a former four-time member of the Institutional Investor Magazine All-America Research Team. Heinz Jauch is President of Empire Research. He holds a Ph.D. in Economics and is a Chartered Financial Analyst. He was Portfolio Manager at Merrill Lynch before becoming V.P./Economist at Empire Trust Co. He was Professor of Finance at Pace University (NY), where he also founded its Graduate School of Management Science. He has also completed major consulting assignments, including ones for Bankers Trust Co. and the Port Authority of NY. Ronald E. Olsen is V.P. of Empire Research. His career has been in investment portfolio management. His previous positions include Trust Investment Officer at Empire Trust Co. and at Howard Savings Bank.
Safe Harbor
Safe Harbor Statement under the U.S. Private Securities Litigation Reform Act of 1995: This release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements are presented based on current information available to management and in consideration of assumptions concerning information currently available to management regarding future events. Forward-looking statements are subject to risks and uncertainties that could cause future events or results to differ materially from such statements. Human Science Systems, Inc. disclaims any intent or obligation to update or revise any forward-looking statements and presents information herein solely for the intent of delivering general information regarding the company.
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Contact:
Human Science Systems, Coral Springs
Natalie Perez, 954-603-0495
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Source: Human Science Systems
Source: Business Wire
All trademarks and copyrighted information contained herein are the property of their respective owners.
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