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/

Copyright