NMXC Jumps Up on Improved Balance Sheet & Tighter Cost Structure
Shares of New Mexico Software Inc. (OTCBB: NMXC) were trading up 2 cents (52 percent) to 5 cents per share on volume of 479,820. The company announced that it is experiencing improving business conditions, particularly an improving balance sheet and a tighter cost structure as recurring revenues continue to rise. “Our old liabilities are steadily decreasing, and at the same time, our revenue picture continues to brighten due to the sales growth of XR-EXpress, our web-based Teleradiology/PACS System,” said Dick Govatski – CEO of NMXC – in a press release. At the end of 2006, over half of the company’s…