Brewster, NY–
November 20, 2006 Touchstone Applied Science Associates, Inc. (OTCBB: TASA) announced today it has formed an alliance with Understanding Corporation (UC), a new company whose mission is to provide organizations and individuals with the capability to align their text-based communications with the reading abilities of a target audience. Download Full Article - PDF
Brewster, NY–
September 14, 2006 Touchstone Applied Science Associates, Inc. today reported significant increases in both revenues and net income for the third quarter ended July 31, 2006. These increases are attributable to the growth both in the company’s core business and the acquisition of Questar on May 31, 2006. Download Full Article - PDF
BREWSTER, NY–
September 07, 2006 Touchstone Applied Science Associates, Inc. (OTCBB: TASA) today announced that company management will host a conference call for investors Thursday, September 14, at 11 a.m. EDT to discuss results for the third quarter ended July 31, 2006. 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–
June 26, 2006 Touchstone Applied Science Associates, Inc. (OTCBB: TASA) announced today that James Williams has joined the company as Vice President and Chief Financial Officer. Williams will report directly to Andrew Simon, TASA President and CEO, and will be located in the company’s corporate headquarters in Brewster, N.Y. Download Full Article - PDF
Brewster, NY–
June 14, 2006 Citing the impact of higher expenses related to large contract startup costs, Touchstone Applied Science Associates, Inc. (OTCBB: TASA) today reported a net loss for its fiscal second quarter ended April 30, 2006 of $250,878, or nine cents per fully diluted share, compared with net income of $105,891, or four cents per fully diluted share, in the same period a year earlier. Revenues for the fiscal second quarter rose to $3.482 million vs. $2.380 million in the second quarter of last year, an increase of 46 percent. Download Full Article - PDF
BREWSTER, NY–
June 08, 2006 Touchstone Applied Science Associates, Inc. (OTCBB: TASA) today announced that company management will host a conference call for investors Wednesday, June 14, at 11 a.m. EDT to discuss results for the second quarter ended April 30, 2006. 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–
June 01, 2006 Touchstone Applied Science Associates, Inc. (OTCBB: TASA) announced today it has acquired the larger, privately-held Questar Educational Systems, Inc. of Apple Valley, MN in a cash and stock transaction initially valued at $20 million with the opportunity to reach $32.5 million based on performance milestones. Questar is one of the nation’s leading providers of educational testing material production, distribution, scoring, reporting and data analysis services. TASA said the acquisition enhances its position as a leading developer and publisher of educational assessment materials and complements its core capabilities in test design and development.
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Brewster, NY–
May 17, 2006 Achievement Data Inc., a wholly owned subsidiary of Touchstone Applied Science Associates, Inc. (OTCBB: TASA), announced today that it is partnering with RALLY! Education to develop TestPOWER.comTM, a web-based classroom assessment product line. ADI, using its state-of-the-art technology, and RALLY! Education, creating standards-based assessments, will develop an online instructional assessment that will enable teachers and students to quickly, easily, and accurately determine learning strengths and weaknesses and better target classroom instruction. TestPOWER.comTM will be a valuable asset to schools and classrooms. It will enable educators to track instructional progress and determine readiness for state assessments. Download Full Article - PDF
Brewster, NY–
March 17, 2006 Touchstone Applied Science Associates, Inc. (OTCBB: TASA), citing the combined effects of startup costs related to larger contracts and costs associated with 2005 acquisitions, today reported a net loss of $159,975, or five cents per diluted share, compared with net income of $111,347, or four cents per diluted share in the first quarter of the prior year. Revenues in the first quarter rose by 15.9 percent to $3.1 million from $2.7 million in the comparable period a year ago. Fully diluted shares outstanding were 2,909,738 and 2,974,518 at the end of the first quarter of fiscal 2006 and fiscal 2005, respectively. Download Full Article - PDF
BREWSTER, NY–
March 08, 2006 Touchstone Applied Science Associates, Inc. (OTCBB: TASA) today announced that company management will host a conference call for investors Friday, March 17, at 11 a.m. EDT to discuss results for the first quarter ended January 31, 2006. 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 30, 2006 Touchstone Applied Science Associates, Inc. (OTCBB: TASA), today reported it posted net income for the fiscal year ended October 31, 2005 of $ 474,964, or 16 cents per diluted share, compared with net income of $822,603, or 29 cents per diluted share, a year earlier. Net revenues for Fiscal 2005 were $11.7 million, an increase of 4.5 percent over net revenues of $11.2 million in Fiscal 2004. Fully diluted weighted average shares outstanding were 3,023,262 and 2,870,327 in Fiscal 2005 and Fiscal 2004, respectively. Download Full Article - PDF
BREWSTER, NY–
January 26, 2006 Touchstone Applied Science Associates, Inc. (OTCBB: TASA) today announced that company management will host a conference call for investors Monday, January 30, 2006 at 11 a.m. EST to discuss results for the Fourth Quarter and Fiscal Year ended October 31,2005. A news release detailing the results is scheduled to be issued before the opening of the stock market on January 30. Download Full Article - PDF
Brewster, NY–
January 22, 2006 Touchstone Applied Science Associates, Inc. (OTCBB:TASA) announced it will file an amended 2005 Form 10KSB/A to reflect a liability in connection with employees’ earned but unused vacation time in fiscal 2003, fiscal 2004 and fiscal 2005. These adjustments are non-cash and non-revenue items and relate solely to employees of TASA prior to the acquisition of Questar Educational Systems, Inc. in fiscal 2006. Download Full Article - PDF
Brewster, New York–
January 13, 2006 Touchstone Applied Science Associates, Inc. (OTCBB: TASA) said today that it currently expects to post a modest increase in net revenues for fiscal 2005 when it reports audited results later this month. The company also said it expects net income for the year to be lower compared with fiscal 2004 as a result of costs associated with changes made to strengthen its competitive position over the long-term and the financial consequences of compliance with Section 404 of the Sarbanes-Oxley Act. The company will, however, still report a substantial profit. Slowed growth in revenues for the year was primarily the result of continued softness in sales of the company’s proprietary products. Download Full Article - PDF