Cape Systems Group Inc. announced that MD Logistics has gone live with an enterprise wide cutting-edge Pick-to-Light technology expansion at one of MD Logistics' distribution facilities.

Cape Systems Group Inc. announced unaudited preliminary financial results for the third quarter and nine months ended June 30, 2009. For the quarter, the company reported revenues of $0.5 million. Operating loss was $0.84 million. Income before provision for income taxes was $15.317 million. Net income was $15.314 million. For the nine months, the company reported revenues of $1.7 million. Operating loss was $0.23 million. Income before provision for income taxes was $13.9 million. Net income was $14.5 million after absorbing an operating loss of $1.9 million that included $1.2 million in beneficial conversion charges. This compares to a $1.4 million loss for the nine months ending June 30, 2008 that included $0.5 million in beneficial conversion charges. Excluding the beneficial conversion charges each year 2009's net operating loss for the nine months was $0.7 million against a $0.9 million loss in 2008. This $0.2 million improvement is the result of $0.6 million in reduced S, G & A expenses offset by a $0.4 million decrease in gross profit.