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Bristol Retail Solutions Inc

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BUSINESS
March 23, 1999
Newport Beach-based Bristol Retail Solutions Inc. said it agreed to acquire Hayman Systems of Laurel, Md., and Micros of South Florida Inc., providers of equipment and services for the hospitality industry. Financial terms were not disclosed. Bristol, which has offices in 16 cities and eight states, provides retail automation products and services.
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BUSINESS
November 7, 2000 | Leslie Earnest
A Florida company that has developed technology that allows cell phones to communicate with cash registers said Monday that it will buy Bristol Retail Solutions Inc. in a stock swap worth more than $4.5 million. Registry Magic Inc. said it will issue 0.65 of a share of new Registry stock for each common share of Bristol, which provides retail automation products and services. Once the purchase is complete, the merged companies' name will change to BlueStreak Networks Inc.
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BUSINESS
May 12, 1998 | Dow Jones
Bristol Retail Solutions Inc. said it has completed its acquisition of Sacramento-based Quality Business Machines Inc., which sells and services point-of-sale equipment. Terms weren't disclosed. Bristol Retail, which is based in Newport Beach, provides retail automation products and services.
BUSINESS
June 10, 2000 | Dow Jones
Bristol Retail Solutions Inc. on Friday named David Kaye president and chief executive and William Kerechek as chief financial officer. The Newport Beach provider of retail automation products and services said Kaye, who was also named a director, replaces Michael Pollastro who was serving as both interim chief executive and chief operating officer. Pollastro will remain with the company as executive vice president and chief operating officer. Kerechek replaces Michael S.
BUSINESS
August 4, 1999 | Dow Jones
Bristol Retail Solutions Inc.'s stock has been removed from the Nasdaq market for failing to meet listing standards. Shares of the Newport Beach company, which provides automated retail services, will trade over the counter, Bristol said. In a news release, the company noted that, even though it "has effected a significant turnaround in operations," Nasdaq has decided not to allow the company additional exemptions.
BUSINESS
August 7, 1999
Bristol Retail Solutions Inc.: The Irvine provider of retail automation products and services said net income for the second quarter totaled $45,000, or 1 cent a share, compared with $4,000 for the second quarter of 1998. Revenue increased 22% to $9.6 million.
BUSINESS
January 9, 1998 | Dow Jones
Bristol Retail Solutions Inc. said it has acquired Retail Systems, a Denver point-of-sale systems dealer. Financial terms weren't disclosed. Bristol Retail said it has named Fred Briggs to the management of Bristol Retail's Smyth Systems unit. Briggs previously was president and owner of Retail Systems. Bristol Retail provides retail automation products and services.
BUSINESS
August 7, 1997
Bristol Retail Solutions Inc. said Wednesday it has completed the acquisition of privately held Pacific Cash Register Co., Inc., a San Francisco point-of-sale systems dealer, for an undisclosed amount of cash and Bristol stock. Pacific Cash Register will operate as an affiliate of Automated Retail Systems, a Seattle-based subsidiary of Bristol.
BUSINESS
April 18, 1999
Bristol Retail Solutions Inc., Newport Beach maker of retail automation products, posted a loss of $2.2 million, or 38 cents a share, for 1998, compared with a loss of $5 million, or 96 cents a share, the previous year. Revenue rose 53% to a record $32.2 million from $21.1 million. No fourth-quarter results were disclosed.
BUSINESS
April 18, 2000
The Newport Beach provider of retail automation products and services posted net income of $153,000, or 2 cents a share, for the fourth quarter, contrasted with a loss of $949,000, or 15 cents a share, for the same period last year. Revenue rose 7% to $9.2 million. For the year, the company lost $441,000, or 6 cents a share, compared with a 1998 net loss of $2.2 million, or 38 cents a share. The results for 1999 include a one-time gain of $1.2 million from the sale of a division.
BUSINESS
January 19, 2000
Bristol Retail Solutions Inc., a Newport Beach maker of local area network (LAN) products, said Tuesday that it has sold $1 million in convertible preferred stock to an institutional investor, which it didn't identify. The preferred stock can be converted to common stock at a price of $1.50 per share of preferred stock. The proceeds of the preferred stock will be used to fund the company's expansion efforts in existing territories.
BUSINESS
November 23, 1999
Bristol Retail Solutions Inc., a Newport Beach provider of retail automation products and services, reported a net loss for the third quarter of $75,843, or 1 cent a share, compared with a net loss of $346,574, or 6 cents a share, for last year's third quarter. Revenue grew 4% to $9.8 million. For the first nine months, Bristol lost $594,000, or 9 cents a share, compared with a loss of $1.3 million, or 22 cents a share, for the same period last year. Revenue grew 17% to $27.5 million.
BUSINESS
August 7, 1999
Bristol Retail Solutions Inc.: The Irvine provider of retail automation products and services said net income for the second quarter totaled $45,000, or 1 cent a share, compared with $4,000 for the second quarter of 1998. Revenue increased 22% to $9.6 million.
BUSINESS
August 4, 1999 | Dow Jones
Bristol Retail Solutions Inc.'s stock has been removed from the Nasdaq market for failing to meet listing standards. Shares of the Newport Beach company, which provides automated retail services, will trade over the counter, Bristol said. In a news release, the company noted that, even though it "has effected a significant turnaround in operations," Nasdaq has decided not to allow the company additional exemptions.
BUSINESS
July 24, 1999 | Leslie Earnest
Bristol Retail Solutions Inc. said Friday it has settled legal disputes with its former chief executive and its former chairman. Terms were not disclosed. In January, the Newport Beach-based provider of retail automation products and services fired Richard Walker, who was then president and chief executive. Chairman Paul Spindler quit the same month. Walker later filed a breach-of-contract lawsuit against Bristol claiming the company owed him $1.5 million.
BUSINESS
June 23, 1999 | Leslie Earnest
Bristol Retail Solutions Inc. said Tuesday that it has suspended plans to buy two companies, including one that was supposed to provide Bristol with a new chief executive. Newport Beach-based Bristol, which provides retail automation products and services, had planned to acquire Maryland-based Hayman Systems and Micros of South Florida Inc.
BUSINESS
June 17, 1999 | LESLIE EARNEST, TIMES STAFF WRITER
Bristol Retail Solutions Inc. said Wednesday that it has appointed its second interim chief executive because the planned purchase of Hayman Systems, which was supposed to provide Bristol with a new leader, is taking longer than expected. Bristol, which provides retail automation products and services, said in March that it had signed a letter of intent to buy Hayman and that the latter's owner, Richard Hayman, would become Bristol's chief executive when the deal closed.
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