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    Comnet Corp.
    list rank

    From the April 28, 1997 Washington Post


    '96 (in $ 000s) % Change From '95
    Revenue 45,873 21.1
    Net Income 2,832 6.5
    Rank Last Year: 98

    Description:
    Comnet Corp., a holding company for Group 1 Software, owns 80.5 percent of Group 1's shares. Group 1 develops and sells software for direct marketing. Its products, for example, search mailing lists for marketing prospects, prepare bulk mailings for printing and print marketing messages on monthly billing statements.

    Business Resume:
    • Contact Info --
      4200 Parliament Place
      Lanham, Md. 20706
      301-918-0400
    • Main Business --
      Software and services
    • Founded --
      1967
    • Chairperson --
      James V. Manning
    • President --
      Robert S. Bowen (CEO)
    • Employees --
      25
    • D.C.-Area Employees --
      25
    Developments:
    Group 1 formed a joint venture with Paris-based Obimd International to distribute software to an expanded overseas market. Obimd agreed to provide a database of names and addresses in 189 countries.

    The company rolled out WorldTrak 3.0, a system that helps businesses automate sales and marketing activities, such as measuring the payoff from marketing expenditures.

    The company also signed an agreement with Unica Technologies Inc. of Lincoln, Mass., that gives Group 1 exclusive rights to distribute Model1 software, which helps marketers identify their best customers.

    Comnet's earnings declined during the nine months ended Dec. 31, even though revenue rose. Group 1 said that was because it increased spending on its own sales and marketing and because it incurred "extraordinary costs" in bringing its software into compliance with new Postal Service requirements.

    Copyright 1997 The Washington Post

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