DataLogic International Announces Results for Q1 2004
07 May 2004 - 4:39AM
PR Newswire (US)
DataLogic International Announces Results for Q1 2004 - Revenues
Increase 75%, Net Profit Increases 450% From Q1 2003 IRVINE,
Calif., May 6 /PRNewswire-FirstCall/ -- DataLogic International,
Inc. (OTC Bulletin Board: DLGI; Berlin, Frankfurt Stock Exchange:
779612) today announced results for the first quarter ended March
31, 2004. The Company's net revenues for the quarter increased
$1,710,273, or 75%, to $4,001,587, as compared to $2,291,314 for
the three months ended March 31, 2003. DataLogic's net profit for
the three months ended March 31, 2004 increased $392,315, or 450%,
to $479,532, as compared to a net profit of $87,217 for the same
quarter in the prior year. The increase in net income was primarily
due to an increase in operating profits from the consulting
services, sales of VoIP licenses, equipment and airtime, and the
Company's ability to better manage its general and overhead
expenses. "Our first quarter results demonstrated that our business
model is working as planned," commented Derek Nguyen, the Company's
CEO. "This is a firm foundation for us to begin building a solid
growth company. Our consulting services and VoIP core businesses
continue to show healthy growth. We expect our M2M business to
begin showing a similar growth pattern very shortly," Nguyen added.
"The increase in net revenues and income for Q1 were primarily due
to our VoIP sales in Asia which we have been cultivating for the
past few months," commented Keith Nguyen, DataLogic's President.
"Our growth momentum remains strong for the near term and we expect
our subsequent quarters' performance to show steady improvement.
We're currently expanding our VoIP and M2M marketing efforts in
North America, South America, Europe and the Middle East. We have
also begun testing our GPS tracking device in China and intend to
increase our marketing efforts in Asia this quarter. New test sites
for our M2M products are increasing on a steady basis and we expect
these to result in sales in the near future," added Nguyen. About
DataLogic International Inc. DataLogic International, Inc. is a
technology and professional services company dedicated to providing
a wide range of Information Technologies and Communications related
products and services. For more information about DataLogic, go to
http://www.dlgi.com/ or contact Investor Relations at or (888)
530-8228. This release contains forward-looking statements within
the meaning of Section 27a of the Securities Act of 1933, as
amended and section 21e of the Securities and Exchange Act of 1934,
as amended. Those statements include the intent, belief or current
expectations of the company and its management team. Prospective
investors are cautioned that any such forward-looking statements
are not guarantees of future performance and involve risks and
uncertainties, and that actual results may differ materially from
those projected in the forward-looking statements as a result of
various factors. Accomplishing the strategy described herein is
significantly dependent upon numerous factors, many are not in
management's control. Some of these factors include the ability of
the company to raise sufficient capital, attract qualified
management, attract new customers and effectively compete against
similar companies. DATASOURCE: DataLogic International, Inc.
CONTACT: Investor Relations of DataLogic, +1-888-530-8228, Web
site: http://www.dlgi.com/
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