Avatar Systems, Inc (AVSY.OB) is a company based in the Dallas / Fort Worth, Texas area that provides enterprise resource solutions for companies engaged in petroleum exploration and production. Avatar has over 300 clients using their patented Petroware software, and another 140 clients using any number of additional patented Avatar products.
Recently, a report published by Beacon Equity Research discussed four major developments within the company. These developments will be discussed below:
1. New software modules will fuel future growth. Avatar Systems plans to release two significant software modules in 2007. These new software modules are expected to catapult Avatars balance sheets to new highs and drive company growth.
2. Partnerships with major players. The Company’s various partnerships with such households companies as Microsoft, HP and IBM, have extended the reach of Avatar Systems products and service offerings.
3. Avatar Systems ranked 26th among the 50 fastest-growing public companies and 180th among the largest 200. Avatar Systems has been ranked the 26th overall company in the Dallas Business Journal for rankings amongst the 50 fastest growing public companies in the Dallas/Fort Worth Metroplex. Furthermore, the Company has also been ranked 180th amongst the 200 largest public companies in the Dallas/Fort Worth area.
4. On August 23, 2007, the Company announced fiscal results for the six month period that ended on June 30, 2007. In these fiscal results, revenues increased over 36.4%, topping 1.9 million dollars during the first six months of 2007, compared to 1.4 million dollars during the first six months of 2006.
