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Niche Software Applications Company

This software company's accounting period is on a calendar year.

As of September 30, 2009 YTD revenues total $346,224. This includes the 1st installment on a 2 year service contract & half of the second installment. As of September 30, 2009 this company has invoiced but not received payments for an additional $94,978.

The remaining service contract installment (the last half of the 2nd year service contract ending in 2010) has also been invoiced with an $84,833 payment due December 31, 2009.

This Software Company offers a proprietary software system applicable to a wide array of employers. The company customizes the software to interface with customers' existing programs while collecting, processing & generating reports on clients' critical data associated with labor, employee costs, employee activities & production.

A long-term experienced programmer provides customer support & adapts the software package for customers.

The highly developed software has extensive features that set it apart from competitors. The operational systems offer quality, extensive reporting capability, & reliability. The Owner has done minimal marketing recently.

The owner has concentrated on developing good relations with a large institutional client. This client has multiple divisions using the system & other divisions requesting price quotes for installations.

2006 Revenues were $621,972 with Seller Discretionary Earnings (SDE) to a part-time owner of $542,199.

The SDE averaged for 5 years (2004-2008) is $192,145.

Averaged SDE over the last 3 years (2006-2008)is $214,614.

The Owner reflects that this business has required part-time hours while providing a full-time income!

Can you sell cost savings, increased productivity & profitability to your customers? If you can & you focus on sales to a more diverse customer base, you have the opportunity to minimize revenue & earnings fluctuations while growing market share & profits.