TRADITION
SOFTWARE announced that during Q1 of 2006 the company achieved
profitability on a GAAP basis, one year ahead of forecast.
Revenues increased 28% versus Q4 in 2005, with strong growth
driven from new software licenses sold to US based construction
contractors and subcontractors.
"We successfully merged into our company the assets
we acquired from SIERRA PHOENIX. The team of employees here
have worked very hard, often times seven days a week since
the acquisition to implement several new initiatives which
benefit our loyal, growing US customer base,” said
Craig R. Altman, President and Founder of TRADITION SOFTWARE.
The company also produced a successful launch of it new
online store, TraditionInk.com. The new storefront has over
600 brand name, compatible and remanufactured inkjet print
cartridges for US businesses, non-profits and consumers.
In its first six months of accepting orders, TraditionInk.com
is already contributing 10% of the gross revenue to Tradition
Software's quarterly revenue.
Many business and technical milestones were accomplished
in the previous twelve months, including:
- All annual subscribers to PreLien2Lien have implemented
the new improved version of the program produced by TRADITION
SOFTWARE
- Integration of new software activation technology into
PreLien2Lien
- Enhancements to the upgrade code into PreLien2Lien
- Enhancements to the Graphical User Interface in PreLien2Lien
- New Mechanic's Lien legal content with pre-screened Construction
Attorneys by state on TraditionSoftware.com
- Expansion of the management team, including Michael M.
Emmons, Software Development Manager, and Justin K. Hussey,
Sales/Customer Service Manager
- Reduction of long term corporate debt by 17%
- Lease signed for new corporate headquarters
About
TRADITION SOFTWARE
TRADITION SOFTWARE, INC. was founded in March 2005 by its Founder
and President, Craig Altman. In April 2005 the company purchased
the software and customer assets of SIERRA PHOENIX. TRADITION SOFTWARE offers software solutions to contractors and subcontractors in the US construction industry for accounting, estimating, certified payroll, communications, contractor billing, contract documents, lien management, and project management.
In September 2005, TraditionInk.com
was formed as a new Division, offering businesses and consumers
name brand and compatible replacement ink supplies at 10%
- 60% less than traditional office supply retailers.
TRADITION
SOFTWARE's headquarters is in Citrus Heights,
CA, just north of the state capital in Sacramento. The mission of the company is to provide construction
companies and small businesses with productive software,
quality ink supplies, knowledgeable technical support and
services that produce results. Every time you work with
us, you will immediately appreciate that we are nice people
that you can trust your business to work with.