PR-Inside.com: 2014-04-30 19:28:35
April 30, 2014 - Vancouver, British Columbia. RSI International Systems Inc. (TSXV: RSY) has released their 2013 audited yearend financial statement and their Management Discussion & Analysis (MD&A) and is available for viewing on sedar.com.
The Company experienced tremendous growth during the 2012 fiscal year and in 2013 the growth has continued to build. New business awaiting implementation is building steadily and the sales pipeline for the next four quarters is at an all time high in the history of the company.
Software Equity Group Inc, LLC, an industry leading investment bank representing public and private software and Internet companies, published a report in late 2013 which showed that the median trailing twelve months revenue growth for public SaaS companies during 2013 was 26.0%. The Company's own PMS revenue growth for 2013 was 37%. According to the same report, median gross profit was 70% and EBITDA was 1% for 2013. In comparison, the Company experienced an 85% gross profit and a 21% EBITDA.
An Advisory Board was formed in 2013 and this board brings together a number of seasoned professionals with both hospitality and related experience in sharing knowledge and advice. Their input, guidance and feedback have been extremely valuable.
Many other companies that are in the same business as RSI did not appear to have growth or even seemed to retract during 2013 as web-based solutions, such as RSI's RoomKey PMS, are replacing traditional server-based technology.
A noticeable change in the quality of our new client set helps to confirm RSI's product/service and marketing direction. The goal to transform RoomKeyPMS from a product to a platform where the Company offers the "best-of-class" solutions to clients has gained positive feedback and results in building more traction with multi-property opportunities.
The Company has now taken a far more aggressive stance in the international market with more recourses being allotted in this area.
Mr. Charles Ku, President & CEO, states "The outlook for 2014 and beyond holds promises of continued momentous growth for RSI in both the North American market and the International market potential."
About RSI International Inc.
RSI International Inc. is the developer of RoomKey(tm) - the only web-based Property Management System (PMS) that incorporates a fully integrated Online Reservation Booking engine and seamless real-time connectivity to the major Global Distribution and Internet Distribution Systems. RSI markets RoomKey(tm) PMS and a number of other proprietary "hosted" software solutions to a wide variety of Hospitality Industry clients around the world.
On behalf of the board, For further information call:
Charles Ku, President, CEO Mr. Ron Baldwin, Director/Officer
RSI International Systems Inc.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
134 Abbott Street, Unit 402,
Vancouver, BC, V6B 2K4
toll free 800-234-5695
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