Artwork Systems Announces Q1 Results, Evaluating Strategic Options Including Possible Sale

During the first quarter of fiscal year 2007, the split in revenue was as follows: products amounted to 64% and services amounted to 36%. The gross margin amounted to 83.19%. The company’s management confirms that these results indicate a slow start for the year, but this was expected, as business remains weak. Management, however, confirms the outlook for FY2007.