Infinium wins lucrative new ASP business

Casino Arizona at Salt River, part of the Pima-Maricopa Indian community; York Central Hospital in Toronto, and a vast food retailer have all selected Infinium ASP for their web-based enterprise business solutions.

This brings Infinium’s ASP business to-date to approximately $5.3 million.
In the third quarter, ended 30 June, Infinium billed $103,000 in initial setup fees, ongoing consulting fees and monthly recurring revenue, and recognized $21,000 in monthly recurring revenue from its customers. During the current quarter, ending September 30, 2000, Infinium expects to bill ASP customers around $1.3 to $1.8 million, recognizing between $225,000 and $300,000 in monthly recurring revenue.

Infinium, a provider of e-business solutions and ASP services, offers web- and server-based financial, human resources, supply management, process manufacturing, business analytics, e-procurement and customer relationship management solutions, services, support and deployment options that enable the virtual enterprise. the company has more than 2,000 customers worldwide representing a variety of industries including process and discrete manufacturing, gaming and hospitality, healthcare, retail, distribution, and transportation. Founded in 1981, Infinium has offices worldwide and is headquartered in Hyannis, Massachusetts.



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