First UK Sale of basis2 and Positive Cash Position
Prophecy International Holdings Ltd. advises that the provisional FY2003-2004
results continue the progress the company has been making back toward profitability.
A positive cash flow for the year is the first sign of the upward trend and
provides a good base to start the new financial year.
In line with the new financial year's budget predicting an upward trend for
revenue is the announcement of the first basis2 sale in the UK. Cambridge Water
has selected the basis2 Billing and Customer Information Systems from Prophecy
International. The systems will be delivered and supported by our Business
Partner, Imass Ltd, who have over 60 person-years of billing experience and
are one of the largest dedicated Utility IT teams in the UK. The selection is
against competition from the two most popular products currently in use in
UK water-only companies.
Martin Greasley, Cambridge CFO comments:
" Imass and Prophecy approached us with a new and exciting product
that immediately impressed us with its scope and modern technology. It is
clear to us that the product offers facilities to manage customers, meters
and revenue that can help us meet the challenges facing UK water companies
and to deliver the service our customers expect. We are reassured by the
commitment, depth of experience and knowledge demonstrated by Imass and
Prophecy and the fact that we have had a good relationship with Imass for a
number of years."