Welcome!

Government Cloud Authors: Pat Romanski, Elizabeth White, Liz McMillan, Dana Gardner, Gopala Krishna Behara

News Feed Item

Information Systems Associates, Inc. Shareholder Update

Four Core Initiatives Prepare Company for Future Growth

STUART, FL--(Marketwired - February 25, 2014) - Information Systems Associates, Inc. (OTCBB: IOSA) or ("ISA"), an emerging software and services company announced today that has provided its shareholders with a progress report. The Company has been involved in a series of key initiatives to transform its business and provide a significant platform for growth over the next 12 - 24 months. 

Specifically, the Company has:

  • Signed a multi-year agreement with FacilityTeam Inc. of Toronto for development services as the first stage of joint venture announced in October 2013.
  • Planned general availability of a new Information Technology Asset Management (ITAM) "Software as a Service" in Q2.
  • Engaged an experienced ITAM sales consultant who is expected to lead the revenue team once the new offerings are available.
  • Completed implementation of the Company's core technology with a multi-billion dollar global information technology company in Q1.
  • Focused on building a pipeline of new business directly and through partners for Q2 and beyond in a variety of industries including property management, financial services, and government entities.

ISA's management has been very active over the past several months on identifying the best market opportunities in its area of specialization and getting all the Company's resources focused on making the necessary changes to set the stage for higher growth. Specifically, the Company is ready to transition from primarily a professional services role in concert with industry partners, to providing asset management technology using the "Software as a Service" business model supported by its professional and consulting services.

Adrian Goldfarb, ISA's President and CFO said, "The entire company is focused on building a world class asset management offering. We plan to deliver our solution with a low cost of entry to our clients and support the implementation with our core strengths in consulting and professional services." He went on to say that the IT market is wrestling with ever expanding budgets for their IT infrastructure. The ISA offerings are intended to offer significant savings in several key areas including power consumption, software costs, and equipment depreciation. "In concert with our development partners, FacilityTeam, we have designed a system that is customer focused so that an organization can quickly realize the benefits without the extensive implementation costs so often associated with infrastructure software."

ISA recently engaged a seasoned sales executive with extensive industry knowledge in the ITAM arena to consult for the Company prior to releasing the new offerings into the general market. Peter Schwoerer has had an extensive career in software sales including time with IBM and Oracle and more recently as a sales director with a companies specializing in cloud computing solutions and real-time asset management.

The Company also continues to be selected by large organizations to help them understand their data center environments and starting in late Q1, it expects to be retained for several large engagements this year.

The shareholder update can be viewed in its entirety at http://www.isa-inc.net/latest-news.

About Information Systems Associates

Information Systems Associates, Inc. (OTCBB: IOSA) based in Stuart, FL, is a leading provider of Mobile Data Center Management systems and turnkey data center management solutions. The suite of products and services include data center asset/inventory management, data center management software and data center data collection. Utilizing a proprietary and patented technology, OSPI (On Site Physical Inventory), customers manage data centers on a mobile basis, bringing data center management out of the office and into the data center. Information Systems Associates holds the trademarks for On Site Physical Inventory, OSPI and Mobile Data Center Management.

Forward Looking Statements

This press release contains forward-looking statements including the Company's plans to deliver its low cost solution, growth and expectations regarding its business beginning at the end of the first quarter. Forward-looking statements can also be identified by words such as "targets," "expects," "believes," "anticipates," "intends," "may," "will," "plan," "continue," "forecast," "remains," "would," "should," and similar expressions. Forward-looking statements are based on current expectations, are not guarantees of future performance and involve assumptions, risks, and uncertainties. Actual performance and results may differ materially from those contemplated by the forward-looking statements. We caution you therefore against relying on any of these forward-looking statements. They are neither statements of historical fact nor guarantees or assurances of future performance. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, unanticipated issues with our working relationship with FacilityTeam, lack of sufficient capital to expand or improve our offerings and unexpected issues with our software offerings including bugs which cause a delay in the release of our offerings. Further information on our risk factors is contained in our filings with the SEC, including the Form 10-K for the year ended December 31, 2012. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law. 

For more information visit our website http://www.isa-inc.net

Information System Associates
Adrian Goldfarb
[email protected]
772-403-2993

Stephen Hart
Hayden IR
[email protected]
917-658-7878

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

IoT & Smart Cities Stories
The platform combines the strengths of Singtel's extensive, intelligent network capabilities with Microsoft's cloud expertise to create a unique solution that sets new standards for IoT applications," said Mr Diomedes Kastanis, Head of IoT at Singtel. "Our solution provides speed, transparency and flexibility, paving the way for a more pervasive use of IoT to accelerate enterprises' digitalisation efforts. AI-powered intelligent connectivity over Microsoft Azure will be the fastest connected pat...
There are many examples of disruption in consumer space – Uber disrupting the cab industry, Airbnb disrupting the hospitality industry and so on; but have you wondered who is disrupting support and operations? AISERA helps make businesses and customers successful by offering consumer-like user experience for support and operations. We have built the world’s first AI-driven IT / HR / Cloud / Customer Support and Operations solution.
Codete accelerates their clients growth through technological expertise and experience. Codite team works with organizations to meet the challenges that digitalization presents. Their clients include digital start-ups as well as established enterprises in the IT industry. To stay competitive in a highly innovative IT industry, strong R&D departments and bold spin-off initiatives is a must. Codete Data Science and Software Architects teams help corporate clients to stay up to date with the mod...
At CloudEXPO Silicon Valley, June 24-26, 2019, Digital Transformation (DX) is a major focus with expanded DevOpsSUMMIT and FinTechEXPO programs within the DXWorldEXPO agenda. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of business. Only 12% still survive. Similar percentages are found throug...
Druva is the global leader in Cloud Data Protection and Management, delivering the industry's first data management-as-a-service solution that aggregates data from endpoints, servers and cloud applications and leverages the public cloud to offer a single pane of glass to enable data protection, governance and intelligence-dramatically increasing the availability and visibility of business critical information, while reducing the risk, cost and complexity of managing and protecting it. Druva's...
BMC has unmatched experience in IT management, supporting 92 of the Forbes Global 100, and earning recognition as an ITSM Gartner Magic Quadrant Leader for five years running. Our solutions offer speed, agility, and efficiency to tackle business challenges in the areas of service management, automation, operations, and the mainframe.
The Jevons Paradox suggests that when technological advances increase efficiency of a resource, it results in an overall increase in consumption. Writing on the increased use of coal as a result of technological improvements, 19th-century economist William Stanley Jevons found that these improvements led to the development of new ways to utilize coal. In his session at 19th Cloud Expo, Mark Thiele, Chief Strategy Officer for Apcera, compared the Jevons Paradox to modern-day enterprise IT, examin...
With 10 simultaneous tracks, keynotes, general sessions and targeted breakout classes, @CloudEXPO and DXWorldEXPO are two of the most important technology events of the year. Since its launch over eight years ago, @CloudEXPO and DXWorldEXPO have presented a rock star faculty as well as showcased hundreds of sponsors and exhibitors! In this blog post, we provide 7 tips on how, as part of our world-class faculty, you can deliver one of the most popular sessions at our events. But before reading...
DSR is a supplier of project management, consultancy services and IT solutions that increase effectiveness of a company's operations in the production sector. The company combines in-depth knowledge of international companies with expert knowledge utilising IT tools that support manufacturing and distribution processes. DSR ensures optimization and integration of internal processes which is necessary for companies to grow rapidly. The rapid growth is possible thanks, to specialized services an...
At CloudEXPO Silicon Valley, June 24-26, 2019, Digital Transformation (DX) is a major focus with expanded DevOpsSUMMIT and FinTechEXPO programs within the DXWorldEXPO agenda. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of business. Only 12% still survive. Similar percentages are found throug...