BluePoint Data Storage Reports a 35% Increase in Annual Revenues to US$8.0M for 2008
15 May 2009 - 4:25AM
Marketwired
BluePoint Data Storage, Inc. (TSX VENTURE: BLP)(PINK SHEETS:
BLPDF), an established provider of managed server, electronic data
storage, systems availability, and data protection services,
announced 35% growth in revenue from $6M in fiscal 2007, to $8M in
fiscal 2008 (fiscal years ending December 31st). Additionally, the
Company reports a 40% increase in gross profit dollars from $2.6M
in 2007, to $3.6M in 2008. All amounts are reported in U.S.
Dollars.
The net loss of -$248K (2008) and -$989K (2007) both included
non-cash Amortization Expense of $535K related to the acquisition
of Champion Managed Services, Inc. (previously announced on
November 3, 2006), and non-cash Depreciation expense of $600K
(2008) and $858K (2007) on the Company's long-term equipment and
fixed assets. Therefore Earnings Before Interest, Depreciation,
Taxes, & Amortization ("EBITDA") were positive $903K (2008) and
$426K (2007).
Earnings Per Share (EPS) for 2008 decreased to a loss of -$0.01
per BLP common share, from a loss of -$0.02 per share for fiscal
2007 on weighted average shares outstanding of 44,250,906 as of
December 31, 2007 and 2008. There are currently 44,423,406 BLP
common shares outstanding as of the date of this release.
About BluePoint Data Storage
BluePoint delivers managed server, electronic storage, data
protection, systems availability and recovery solutions that ensure
the protection and availability of corporate data and information
technology while reducing the total cost of ownership. BluePoint
manages these systems with unparalleled storage and networking
expertise, guarantees high performance and availability, and
ensures solutions are on par with the current state-of-the-art.
Safe Harbor
This release may contain forward-looking statements that involve
risks and uncertainties. These statements may involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of BluePoint or
industry results to be materially different from any future
results, performance or achievement expressed or implied by such
forward-looking statements. Such factors include, among others, the
following: general economic and business conditions, demographic
changes, regulation, major technology changes, timing of product
introductions, competition and the Company's ability to attract and
retain key employees.
The TSX Venture Exchange has neither approved nor disapproved
the contents of this press release.
Contacts: BluePoint Data Storage, Inc. Paul Sachse CEO and
President 561-417-0324 psachse@bluepointdata.com
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