Quadrant 4 Systems

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ROLLING MEADOWS, Ill., June 22, 2015 (GLOBE NEWSWIRE) -- Quadrant 4 System Corporation (QFOR) ("Quadrant 4" or the "Company") reports that its first quarter performance is on track based on its plan. The estimated revenues for the first quarter ended March 31, 2015 are projected to be approximately $13.4 Million compared to $10.3 Million for the same period in 2014, a projected increase of approximately 30%. The gross margins are projected to be at 39.6% for the first quarter compared to 33.6% for the similar period in 2014, an increase of approximately 18%. The Company projects approximately $1.5 Million in EBITDA for the first quarter of 2015. The Company has expanded its sales force significantly and has spent approximately $1.2 Million in R&D expenses during the first quarter of 2015 compared to $0.67 Million for the similar period in 2014. The FY 2014 audit work is progressing along and based on the work completed by the company's independent auditors so far, the Company is estimating that the 2014 top-line Revenues are expected to be approximately $48.5 million, Gross Margins are expected to be approximately $17.5 million (36.2%) and EBITDA for the year is expected to be approximately $6.45 million. The Company will make audited financials available upon completion of the audit process. The Company continues to execute on its stated business plan and expects to see strong growth in top-line revenues and gross margins in 2015 and a significant increase in deployment of its cloud based Exchange Platform, QHIX in the Healthcare segment. The Company is continuing to develop strong business opportunities and sales pipeline for its SaaS and PaaS solutions in all of its chosen three sectors, namely, Healthcare, Media and Education.

Quadrant 4 (TICKER:QFOR) is a Vertical Cloud Platform company offering state-of-the-art PaaS(Platform as a Service) solutions in Healthcare (qHIX), Media (qBLITZ) and Retail (qSKU). Our highly scalable vertical cloud platforms coupled with our Global Professional Services organization provide our clients with a competitive advantage in the marketplace. Our PaaS solutions are engineered for Internet scale traffic and built on a Social/Mobile/Analytics/Cloud (SMAC) architecture. Our platforms boast of a rich set of features and functionality including - Responsive design, Mobility(Android iOS), Big Data Analytics(Hadoop based), NoSQL, Private-Public Cloud bursting, Security/Aunthentication/Single Sign-On, Social Modules(Social Graphs, Messaging, Gamification), Engagement(QR Codes, NFC, Beacons, Internet of Things Sensors) and much more. We are a trusted technology partner, delivering technology solutions that meet our client's complex business needs through best practices in processes and methodologies. Our Professional Services teams combine Domain experts with technology experts from our Global Centers of Excellence who possess an in-depth understanding of Cloud Infrastructures, Business Intelligence & Analytics and Enterprise Mobilty.