CHANTILLY, Va., Dec. 10, 2014 (GLOBE NEWSWIRE) -- via PRWEB - Anacomp, Inc. (OTCBB: ANMP) today announced final results for the fiscal year ended September 30, 2014. Revenues reached $7,509,000, with Net Income gaining at $764,000, and EBITDA increased to $1,209,819. This represents an improvement in both EBITDA and Net Income over 2013, with a slight decline in Revenue for the period over 2013 results.
Thomas P. Cunningham, Chief Executive Officer of Anacomp, stated "The fiscal year 2014 results reflect a continuation of the firm's strategy of providing high value solutions and key business practices to their customer base while driving recurring revenue streams. While revenues declined slightly in 2014, Anacomp achieved a significant strategic transition, replacing one-time document conversion projects with repetitive revenue streams derived from providing end to end solutions that improve customer performance by managing and optimizing their key business processes. This continued strategic focus positions Anacomp for significant growth in 2015."
"New product offerings developed by Anacomp tie directly into the continued and rising demand for Anacomp's secure, exclusive, business process and automated document management systems. These innovative advancements which include; our Lean Six Sigma Consulting Solutions (WorkSmart), Automated Data Extraction System (xWrench), and our Cloud-based, Enterprise Document Management and Workflow Platform (Valise), ensure that we are now very well positioned in both the government and commercial sectors with products that automate the electronic records management best practices that is Anacomp's heritage" says Mr. Cunningham.
Mr. Cunningham believes that Anacomp will continue to see their business expand in 2015 by providing their high value services in the federal sector, as well as the mortgage, human resources, pharmaceutical, and oil and gas markets. Mr. Cunningham further concluded, "New Industry regulations, compliance requirements, and competitive pressures to continually improve operations, will place even greater emphasis on implementing electronic document management systems and automated workflows and capabilities to capture and analyze data from workflows as high priority business objectives. By leveraging our people, processes and technology we will continue to enhance our offerings to help our clients meet these challenges."
About Anacomp, Inc.
Anacomp, Inc. is a document management company with over 45 years of experience providing business process and strategic consulting solutions that improve document centric workflows and enable beneficial outcomes for their customers. Anacomp, Inc. provides solutions to transform business processes, with a structured approach to evaluate, innovate and optimize business operations. The company's business process management solutions are secure, cloud-based, and mobile ready to execute your business anytime, anywhere, and on any device. Anacomp Inc.'s success is built upon proven infrastructure, powered by the use of best-in-class technology, and perfected by the experience and dedication of its people.
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