[clari.nb.business] Software Services Suffers Second Quarter Loss

newsbytes@clarinet.com (01/18/90)

NORTH ANDOVER, MASSACHUSETTS, U.S.A., 1990 JAN 12 (NB) --
Software Services of America (SS) announced a net loss of
$621,145 for its second quarter, ending November 30, 1989,
compared with a $94,068 net profit for the same period in
1988.

The loss follows the company's considerable outlay of resources
to implement IBM's new consumer transaction (CT) product in a
total branch automation system. Since no other company is using
the CT product in such a manner, SS may eventually benefit
greatly from IBM's marketing strategy, although such benefits
won't be realized for some time.

(Beth Goldie and John McCormick/1990116/Press Contact: Ronald E.
Kaplan, Software Services, 508-681-0802)