PAS Boosts Sales Estimates, Globecomm Lands Contract And Volume Surges At CU Xpress

PAS increases revenue projections

Healthcare technology provider Patient Access Solutions said Wednesday it's increased its revenue projections for fiscal 2011 because of new partnerships made recently.

An agreement with Sandata Technologies, which increases the pool of clients for one of the Hauppauge-based company's products by about 100,000, is expected to bring in $4.9 million in new revenue in the year ahead.

An agreement with Imedicor made in August will also bring in more money than expected, PAS said. While the original projection put revenue from the partnership at $1 million over three years, the local company increased that projection to $4.3 million over the next three years.

In addition, an investment in an unnamed petroleum remediation company will bring in more than the originally-projected $1.5 million, though PAS didn't specify how much that revenue will increase.

"These contracts will provide both growth within established business segments as well as vertical opportunities for the company in other industries," Bruce Weitzberg, chief executive of PAS, said in a statement. 

Globecomm lands $3.8 million contract

Hauppauge-based Globecomm Systems said Monday it received a $3.8 million contract from an unnamed media and entertainment company.

Under the terms of the agreement, Globecomm will design and install new antenna systems for the company and will also refurbish some of the company's existing antennas.

The local satellite-based network provider will also give the media company its network management software.

CU Xpress reports leasing surge

Hauppauge-based CU Xpress Lease, which provides auto leasing through local credit unions, said Monday September leasing activity doubled from the year-ago period.

The local company, which is a partnership between Hauppauge-based GrooveCar and Dallas leasing company Fusion Auto Finance, said it expects October to be equally successful, doubling volume over October 2009 and more than doubling business from September.

Frank Rinaudo, CU Xpress senior vice president, said the company's existing credit unions have increased volume recently and CU Xpress has added new credit unions, causing the surge in activity.

The company added 2009 was its best year ever for leasing business.