April 16, 2009
New Mexico Software Expects Record First Quarter Revenue as Business Continues to Grow Strongly
Company Expects to Be Self-Sustaining in 2009
ALBUQUERQUE, NM, April 16-- New Mexico Software, Inc. (OTC Bulletin Board: NMXC), www.nmxc.net, a leading services provider of next-generation business and medical products, announced today that it expects to report record revenues in the range of $925,000 to $950,000 for the first fiscal quarter ended March 31, 2009. The company expects to formally report first quarter results on or about May 15, 2009.
New Mexico Software CEO Dick Govatski said, “Our preliminary unaudited numbers for the first quarter show that revenue will be almost equal to New Mexico Software's total revenue for all of 2007. This underscores the strong growth rate of our Telerad Services, which we started in June of last year.”
“This puts us on track for a very strong 2009. As stated in our recently filed annual report on Form 10-K, we anticipate an operating cash flow requirement of $4,200,000 to $5,000,000 for 2009. We expect this cash outflow requirement to be more than covered by cash inflows from sales. We do not anticipate a need to incur debt or sell stock..”
Govatski continued, “Our company is growing better than ever. Revenues are moving up sharply and the bottom line continues to improve. I believe 2009 will be a very good year for both the company and for its shareholders.”
About New Mexico Software
New Mexico Software, Inc. develops and provides medical IT services and solutions that enable improved and faster communication within the preventative, comprehensive and critical healthcare segments. New Mexico Software also provides software and hardware that streamlines administrative processes for a more efficient working environment. Telerad Radiological Services (TRS) is a wholly owned subsidiary of New Mexico Software whose primary focus is to deliver interpretive radiological cases studies for medical facilities. For more information, visit www.nmxc.net or www.nmxs.com, or contact Dick Govatski, president and CEO, at (505) 255-1999 or ceo@nmxs.com.
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