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PRNewswire: SBT Accounting Systems Posts Record Revenue Growth Heading Into Fiscal Year-End

“SBT Accounting Systems(TM), the leading developer of open
source accounting software, today announced record revenue results
for March 2000. Buoyed by the unprecedented growth of dot-com
Internet start-ups, as well as the early success of the new SBT
Enterprise Systems division, SBT recorded the most financially
successful March results in the privately-held company’s 20-year
history.”

“”We’re thrilled to be moving into the final quarter of Fiscal
2000 with such strong financial results, which we attribute to
several factors,” said Susan Sheridan, SBT’s executive vice
president. “First, SBT’s Enterprise Systems division exceeded
expectations, with sales of our client/server package, SBT
Executive Series, at an all-time high. Second, SBT is very pleased
to be recognized as the ‘go to’ company by dot-com start-ups
looking for tightly integrated back-end accounting, ERP, warehouse
management, and e-time solutions. Most importantly, SBT has a value
added reseller (VAR) channel with the level of expertise and
dedication to service necessary to get the attention of these
young, aggressive web-only businesses.””

“With over 500,000 business users worldwide, SBT Accounting
Systems is the world’s leading supplier of open source database
accounting systems.
SBT’s four product lines are tailored to
distinct segments of the accounting market: SBT Executive Series
for client/server, SBT Pro Series for mid-range businesses,
VisionPoint and Small Business Accountant for smaller and new
businesses.”


Press Release