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CCI/Triad Operating Announces Q2 Results

15 May 2000

CCI/Triad Operating Cash Flow Increases 25 Percent; Technology Provider to Automotive Aftermarket, Hardlines and Lumber Industries Maintains Strong Financial Position

    AUSTIN, Texas--May 15, 2000--CCI/Triad, the leading provider of technology solutions to the automotive aftermarket, hardlines and lumber industries, today announced a 25 percent increase in its operating cash flow for the second fiscal quarter ending March 31, 2000.
    The operating cash flow reported is $4 million, compared to $3.2 million in the same period of fiscal year 1999, according to the Form 10-Q report released today.
    CCI/Triad defines operating cash flow as EBITDA (earnings before interest, taxes, depreciation and amortization) less capital expenditures. According to Mike Aviles, CCI/Triad president and COO, these results are very encouraging and keep CCI/Triad on track to meet or surpass its fiscal year financial goals.
    "The plan for this fiscal year is to execute the fundamentals of our core business and drive improved customer satisfaction while developing new products and services that capitalize on the Internet and new technologies," Aviles said. "The solid financial results we are generating are a reflection of the successful execution of that plan. We will work tirelessly to provide our customers with the technological leadership that allows them to manage and control their businesses more efficiently while selling more products and services in new and existing marketplaces."
    As of March 31, CCI/Triad had more than $20 million available under its bank revolver. This provides the company with the ability to borrow up to that amount for general corporate purposes including investments in new products and services.
    "The progress we have made during this year of transition has improved our financial position," Aviles said. "We have the benefit of increased cash flow and liquidity that will allow us to make strategic investments in our products and our people."