Clancy Systems Reports Profitable Quarter
DENVER--Aug. 3, 20040, 2004--Clancy Systems International, Inc. (OTCBB:CLSI), a leading developer of parking enforcement solutions, announces it has posted net income of $186,965 for the quarter ended June 30, 2004. This represents a 24% increase over the prior year's quarter. The financial statements consolidate reporting for the Company's U.S. and Puerto Rican operations.The Company also announces installations of comprehensive parking citation issuance and processing systems for several new clients during the first months of the current quarter. These agencies include Central Parking Kansas City, Mo.; Central Parking Pittsburgh, Pa.; Allright Parking Syracuse, N.Y.; Standard Parking for the City of Ft. Myers, Fla.; and Intelligent Parking Services in Southern California (Los Angeles and San Diego).
Stanley Wolfson, President, states: "We are pleased with continued growth and increased profitability. We are currently in our fiscal fourth quarter and expect year-end results to reflect this growth pattern."