Briefs

TORONTO, Jan. 29 /CNW/ - Angoss Software Corporation (Angoss) (TSX-V: ANC) today announced preliminary unaudited results for the fourth quarter and fiscal year ending November 30, 2006.

Expanded use of Angoss predictive analytics systems by banking, mutual funds, insurance and telecom clients resulted in record fourth quarter and fiscal year revenues. The Company also reported higher operating and net income, with growth in cash flow and deferred revenues.

On an earned basis, annual revenues grew 8.5% to $6,824,114 (2005: $6,289,016). Deferred revenues were up 21.5% to $3,201,319 (2005 - $2,635,708). Operating expenses increased 2.5% to $6,111,999 from prior year expenses of $5,964,587. Operating income for the year grew 122% to $680,492, compared with prior year operating income of $306,709. Net income improved to $310,879 compared with a prior year net loss of $126,281.

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