open ec technologies inc (OCE:Venture)
open ec technologies inc (OCE) Snapshot
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Open EC Technologies, Inc. provides e-business software, services, and solutions. It develops and markets electronic data interchange (EDI) software primarily to retailers, financial and public institutions, utility and pharmaceutical companies, and wholesalers in North America and Asia. It also offers e-commerce software; software through Internet portals and licenses; and consulting and support services. In addition, the company provides a healthcare information exchange solution to connect healthcare providers and healthcare payers, for healthcare claims, eligibility, payments, purchasing, and records, as well as medical claim clearing and billing services. Its products are used by customers, software companies, and resellers to implement standards based electronic commerce, EDI, business to business commerce, and business document exchanges. The company was founded in 1981 and is headquartered in North Vancouver, Canada. As of October 25, 2012, Open EC Technologies Inc. operates as a subsidiary of QHR Technologies Inc.
open ec technologies inc (OCE) Top Compensated Officers
open ec technologies inc (OCE) Key Developments
Open EC Technologies Inc., Special/Extraordinary Shareholders Meeting, Sep 06, 2012., at 10:00 Pacific Standard Time. Location: Lonsdale Quay Hotel. Agenda: To approve a plan of arrangement under section 288 of the business corporations act (British Columbia) involving Open EC and QHR Technologies Inc. and the Open EC Shareholders, holders of options of Open EC and holders of warrants of Open EC; and to transact such further and other business as may properly be brought before the meeting or any adjournment(s) or postponement(s) thereof.
To discuss the acquisition of Open EC Technologies Inc.
Open EC Technologies Inc. reported earnings results for the third quarter and year to date ended March 31, 2012. For the quarter, the company reported revenues 73% to $597,482 as compared to revenues of $344,936. The LBITDA was $142,700 for the quarter, compared to the LBITDA of $44,905 last year third quarter 2011. LBITDA was $142,700 improved by 55% over second quarter 2012 LBITDA of $222,213. The reported net loss for the quarter ended March 31, 2012 was $276,097, compared to $67,494 last year, an increase of 309%. The increase in loss was primarily due to amortization of intangible assets and interest costs as a result of financing the purchase of i-Plexus and increase in general and administrative expenses. The year to date revenues for the nine months ended March 31, 2012 were $1,860,596 with an LBITDA of $441,604 as compared with revenues of $652,320, an increase of 185%, and an LBITDA of $338,858 last year.
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