|ACMM: company is getting more aggressive about announcing SALES...rev up $2m in recently announced 4th qtr...with more sales comes more economies and better utilization of overhead...margins need to improve but it seems the rev is here...this today:|
H.O.T. Serves Euro Shoppers With Abekas 6000
MENLO PARK, Calif., Feb. 20 /PRNewswire/ -- Accom® (OTC Bulletin Board: ACMM - news), today announced that European home-shopping channel H.O.T. (Home Order Television) has placed orders for five Abekas® 6000 MultiFlex(TM) video servers. H.O.T. operates in Germany, Belgium, Italy and Great Britain.
On the air in five languages, 24 hours a day and seven days a week, H.O.T. screens 20 hours of live programming every day, with the emphasis on interaction between the home audience and the presenters.
``We chose the Abekas 6000 for its outstanding versatility,'' said H.O.T.'s Markus Stubenvoll. ``We deal with a large amount of material and we wanted to use our servers in many different roles.''
The Abekas 6000 has up to eight symmetrical input/output channels that can be configured in any combination by the operator at any time. H.O.T.'s servers are used for VTR replacement, for live playout of packshots, jingles and clips, and in a production server role. Each 6000 server also has a channel dedicated to the graphics department for use as a stills store.
For packshot playout, the ability of the Abekas 6000 to play clips both forwards and backwards is an important aspect of its versatility, says Stubenvoll. ``We record the product on a rotating turntable during the show, then recap at the end by showing it again. Because the 6000 plays backward and forward, we can play the clip for as long as we need to, and we save on storage space.''
Another crucial advantage of the Abekas 6000, according to Stubenvoll, is its VTR-like hardware control panel, which makes it very simple to use. ``Training time is very important to us, and with the control panel and the intuitive way it handles video, audio and mattes in clips, we can train operators to be confident on the 6000 very quickly.''
``Above all,'' Stubenvoll concluded, ``with a 24-hour operation you need to have a very reliable product and first-class support -- and that's just what Accom provides.''
About the Abekas 6000
The Abekas 6000 MultiFlex DTV Server is one of the latest digital disk recording systems from Accom, designed for mission-critical on-air broadcast operations. The Abekas 6000 represents a new generation of broadcast television servers and is designed for multiple applications. It features DVCPRO compression with user-selectable bit rates of either 25Mb/s or 50Mb/s, can be configured with 2, 4, 6, or 8 digital video I/O channels, and offers 192+ hours of local RAID-5 disk storage in a single server. By employing an optional fibre channel network, up to 32 stand-alone Abekas 6000 servers can be linked into a single enterprise server system.
Unique to the Abekas 6000 is a VTR-style hardware control panel that's used for all server operations -- and which completely eliminates the need for a WinPC, VGA display and mouse typical of most video server systems. In addition, each I/O channel can be independently controlled via external station automation using Louth, Odetics or Sony protocol -- or by using the Abekas 6000 native Ethernet API. A future-proof, modular architecture separates video and networking I/O from the ultra high-bandwidth disk recording system, allowing a multitude of custom combinations of storage, I/O, and control from a few standard system components.
The Abekas 6000 video server also features many ``ready to go'' built-in applications, such as List Play, Time Delay and VTR ingest -- all controlled from the user friendly and easy to understand hardware control panel. Accom's ``clip-based'' recording format greatly simplifies manual recall-to-air operations, makes it easy to exchange material between networked systems, and allows I/O channels to be simply ``paired'' for straightforward ``video+key'' recording and playout.
Accom is headquartered in Menlo Park, California. Accom designs, manufactures, sells, and supports a complete line of digital video production, disk recording, and editing tools for use in the worldwide professional television marketplace -- encompassing the production, post production, broadcasting, and computer video markets.
For more information, visit the Accom web site at www.accom.com.
Special Note: This press release contains forward-looking statements based upon current expectations or beliefs as well as a number of assumptions about future events, and that are subject to factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The reader is cautioned not to put undue reliance on these forward-looking statements, which are not a guarantee of future performance and are subject to a number of uncertainties and other factors, many of which are outside the control of Accom. The forward-looking statements in this release address several subjects including, for example, the product offerings of the company, the expected success and customer acceptance of the Company's products, the expected revenue and profitability of the company, and the ability to serve customer needs in the future. The following factors, among others, could cause actual results to differ materially from those described in these forward-looking statements: increased competition and technological changes in the industry in which Accom competes; the risk that the Company's new products will not be released on a timely basis or will not achieve market acceptance, and the risk that the Company will not return to profitable growth. For a detailed discussion of these and other cautionary statements, please refer to Accom's filings with the Securities and Exchange Commission, on Form 10-K for the year ended December 31, 1999, including the section entitled ``Additional Factors That May Affect Future Results.'' The 10-K report is available by calling Accom at 650-328-3818 or by accessing Accom's EDGAR filings on the SEC home page on the Internet at sec.gov .
NOTE: All trademarks are the property of their respective owners.
Accom(R) Announces Fourth Quarter Results
MENLO PARK, Calif., Feb. 14 /PRNewswire/ -- Accom, Inc. (OTC Bulletin Board: ACMM - news), today reported results for the fourth quarter ended December 31, 2000. Revenues totaled $8,256,000 compared to revenues of $6,315,000 for the quarter ended December 31, 1999. The Company reported a net loss of $642,000, or $0.06 per share, for the quarter ended December 31, 2000, compared to a net loss of $1,697,000 or $0.17 per share, for the same period in 1999.
Revenues for the twelve months ended December 31, 2000, were $33,517,000 compared to revenues of $32,969,000 for the twelve months ended December 31, 1999. Net income for the twelve months ended December 31, 2000, was $1,967,000, or $0.16 per share on a fully diluted basis, compared to a net loss of $2,595,000, or $0.26 per share, for the twelve months ended December 31, 1999. Net income for the twelve months ended December 31, 2000 included a pre-tax gain of $2,888,000, or $0.20 per share on a fully diluted basis, on the sale of the ELSET virtual set product line in January 2000.
``Fourth quarter revenues grew 30.7% over revenues for the fourth quarter of last year,'' commented Junaid Sheikh, Chairman and CEO. ``Expense control is a high priority for the company. Expenses for 2000 were $1,024,000 less than a year ago.''
Sheikh continued, ``During 2000, we began generating revenue from a number of new products and expect the majority of our 2001 revenues to come from these new products. During the fourth quarter, for example, we started shipping our new multipurpose, high definition digital disk recorder, WSD®/HD. Likewise, during 2000, the Company began shipment of two other significant new products -- the AFFINITY(TM) non-linear editing system and the Abekas® 6000 server. We are proud of our accomplishments in fiscal 2000 and believe that we have positioned the Company for future growth.''
Other important accomplishments during the year 2000 included:
-- The Abekas Dveous® Digital Video Effects (DVE) System was used during
the 2000 Summer Olympics held in Sydney and now, nearly every major
television network throughout Australia has Dveous installed in its
facility. Dveous was also used at the 72nd Academy Awards.
-- The Abekas 6000 MultiFlex(TM) DTV Server was used during the Tennis
Championships at Wimbledon, the 100th U.S. Open at Pebble Beach,
California and the Winter Goodwill Games in Lake Placid, New York.
-- The AFFINITY NLE (Non-linear Editor) was used during the Summer X-Games
in San Francisco, and most recently at the National Figure Skating
Championships held in Boston, Massachusetts. First shipments of Dual
RGB Color Corrector and Enhanced DveousFX(TM) options for AFFINITY took
place in 2000. Version 8.1 software was also shipped.
-- The Elset Virtual Set product line was sold, which provided cash and
allowed Accom to focus on core product technologies.