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.
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.
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.
August 4, 1999 |
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.
July 24, 1999 |
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.
June 23, 1999 |
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.