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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/