BREWSTER, NY–
September 27, 2005 Touchstone Applied Science Associates (OTCBB: TASA) today launched Reading Power Essentials (RPE), offering school districts an important new tool to help struggling readers in grades three to eight improve their literacy skills in classrooms across America. Download Full Article - PDF
Brewster, NY–
September 14, 2005 Touchstone Applied Science Associates (OTCBB: TASA) reported today that while its revenue and gross operating margins showed gains, earnings for the third quarter ended July 31, 2005 decreased, primarily due to increased professional fees and costs associated with implementation of Section 404 of the Sarbanes-Oxley Act. Net income for the company’s third quarter was $148,184, or 5 cents per diluted share, compared with net income of $193,756, or 7 cents per diluted share, in the comparable quarter a year earlier. Net revenue in the quarter rose 3.2 percent to $2,975,833 from $2,883,158 in the same period last year. Weighted average diluted shares outstanding at July 31, 2005 were 3,052,577 vs. 2,867,736 in the third quarter of the prior year. Download Full Article - PDF
BREWSTER, NY–
September 09, 2005 Touchstone Applied Science Associates, Inc. (OTCBB: TASA) today announced that company management will host a conference call for investors Wednesday, September 14, at 11 a.m. EDT to discuss results for the third quarter ended July 31, 2005. A news release detailing the results is scheduled to be issued before the opening of the stock market that day. Download Full Article - PDF
Brewster, NY–
July 21, 2005 Touchstone Applied Science Associates, Inc., (OTCBB: TASA) announced today that it has been awarded a three-year, $1.8 million contract with the State of Idaho to assess English Language Learners. Each of TASA’s four operating units will be involved in the execution of the contract. Under terms of the contract, TASA will perform the printing, distribution and scoring tasks; BETA will do item development and standard setting; AEC will perform the alignment study; and newly acquired ADI will provide web-based reporting. Download Full Article - PDF
Brewster, NY–
June 20, 2005 Touchstone Applied Science Associates, Inc. (OTCBB: TASA) announced today that it has reached a definitive agreement to acquire Achievement Data, Inc., (ADI) of Minneapolis, Minnesota. ADI, which provides on-line testing capabilities to state testing programs and also offers an electronic testing engine, will continue to be based in Minneapolis.
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BREWSTER, NY–
June 15, 2005 Touchstone Applied Science Associates (OTCBB: TASA) today reported that in spite of deferred revenue affecting two ongoing contracts totaling $467,000, net income for second quarter ended April 30, 2005 totaled $105,891, or four cents a diluted share, compared with $150,141, or five cents a diluted share, for the second quarter a year ago. Net revenue in the quarter totaled $2.4 million, off 12 percent from $2.7 million in the comparable quarter a year ago but ahead of the $2.1 million two years ago. Weighted average diluted shares outstanding rose 4.5 percent to 2,976,518 compared with 2,848,728 in the prior year’s quarter. Download Full Article - PDF
BREWSTER, NY–
June 10, 2005 Touchstone Applied Science Associates, Inc. (OTCBB: TASA) today announced that company management will host a conference call for investors Wednesday, June 15, at 11 a.m. EDT to discuss results for the second quarter ended April 30, 2005. A news release detailing the results is scheduled to be issued before the opening of the stock market that day Download Full Article - PDF
Brewster, NY–
May 18, 2005 Touchstone Applied Science Associates, Inc. (OTCBB: TASA) announced today that, as a result of a review of the accounting treatment of the one-time gain on its July, 2003 sale-leaseback of its headquarters building, the Company has determined that the gain should be recognized over the ten-year term of the lease. To make the change, TASA will re-file its Forms 10-KSB for the fiscal years ended October 31, 2003 and October 31, 2004 as well as Forms 10-QSB and for the subsequent fiscal quarters, commencing with the fiscal quarter ended July 31, 2003. Download Full Article - PDF
Brewster, NY–
March 15, 2005 Touchstone Applied Science Associates (OTCBB: TASA), citing the impact of continued growth in its custom assessment services business, today reported net income for the first quarter of fiscal 2005 of $93,000, or 3 cents per share on 2,974,518 fully diluted shares outstanding, compared with $62,000, or 2 cents per share on 2,797,209 fully diluted shares outstanding in the comparable quarter a year ago. Revenues in the first quarter of fiscal 2005 were $2.7 million, an increase of more than 27 percent over revenues of $2.1 million in the first quarter of fiscal 2004. Download Full Article - PDF
BREWSTER, NY–
March 09, 2005 Touchstone Applied Science Associates, Inc. (OTCBB: TASA) today announced that company management will host a conference call for investors Tuesday, March 15, at 10 a.m. EST to discuss results for the first quarter ended January 31, 2005. A news release detailing the results is scheduled to be issued before the opening of the stock market that day. Download Full Article - PDF
BREWSTER, NY–
January 27, 2005 Touchstone Applied Science Associates, Inc. (OTCBB: TASA), benefiting from continued growth in its custom testing and assessment services, today reported fourth-quarter revenue rose 3.3 percent to $3.52 million from $3.41 million in the fourth quarter a year earlier. Income from continuing operations increased to $379,579, or 13 cents per diluted share, from $259,968, or 10 cents per diluted share in the fourth quarter a year ago. This represents an increase of 30 percent for the quarter vs. the year-ago period.
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BREWSTER, NY–
January 24, 2005 Touchstone Applied Science Associates, Inc. (OTCBB: TASA) today announced that company management will host a conference call for investors Thursday, January 27, at 11 a.m. EST to discuss results for the fourth quarter and year ended October 31, 2004. A news release detailing the results is scheduled to be issued before the opening of the stock market that day. Download Full Article - PDF
BREWSTER, NY–
January 18, 2005 Touchstone Applied Science Associates, Inc. (OTCBB: TASA), today announced the acquisition of Assessment & Evaluation Concepts (AEC) Inc., effective 1/1/05. This strategic move broadens TASA’s growing capabilities in the educational assessment field.
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