Through eleven months of 2009, sales are up 21% over the full year of 2008 and are expected to approach 50% growth at year end. As the world‘s economy has had a lull, Mystic‘s sales have continued to climb and the company continues to gain share in the document control software market.
“Since July 1st, as the economy has been coming out of recession, we‘ve added 9 new customers to our base”, says Robert Sullivan, President of Mystic Management Systems. “We welcome the addition of StatRad, Canon Life Sciences, Mersana Therapeutics, Wyeth Nutritionals Mexico, Novartis Animal Health, TechLab, Daiichi Sankyo Pharmaceuticals, Impact Analytical and Amarin Pharma to the Mystic family.”
Each of Mystic Management Systems‘ new clients have selected ensur as either their document control software or packaging specification system because of the extensive, all-inclusive approach of the document control system. This comprehensive approach also has contributed to multiple expansions that have taken place within the current customer base during 2009.
In addition, net income has reached its highest level in the company‘s 25 year history through strong sales growth coupled with disciplined expense control. As the year draws to a close, the current prospects in the sales pipeline give Mystic confidence that these strong results will continue in 2010.
About Mystic Management Systems, Inc: Mystic Management Systems, Inc. has been providing quality software solutions for 25 years, including document control management, product lifecycle management, product and packaging/specification management, as well as corrective and preventive actions. Using applications from Mystic Management Systems, companies throughout the world have been improving profits, reducing costs, and producing better quality products since 1983.
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "should" and "will" and similar expressions as they relate to Mystic Management Systems, Inc. are intended to identify such forward-looking statements. MMS undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations.