1MAGE Software Inc. (ISOL.PK)

1MAGE Software, Inc. engages in the development and marketing of computer-based document management systems that capture, store, and display electronic files and paper documents as graphical images. It primarily offers 1MAGE, a document management software package, which is used for scanning, indexing, storage, and retrieval of images. The software package also enables to file, route, track, archive, and manage an organization’s incoming and outgoing documents and electronic files. In addition, the company provides tools to manage the proliferation of digital documents for e-business deployment. 1MAGE Software markets its products primarily through its distribution channel partners to various industries, including retail, distribution, education, state and local government, healthcare, manufacturing, energy, automotive, public safety, transportation, and utilities. The company was formed in 1981 and is based in Englewood, Colorado.

For the fiscal year ended 12/31/04, revenues fell 34% to $1.4 million. Net loss totaled $1.1 million, up from $96 thousand. Results reflect decrease in system sales and software licenses income, lower operating margin, higher interest expense and lower other income.