Digital Landscape (LSE:DLGI)
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DataLogic International Announces Results for Q3 2003
- Revenues Increase 320% From Q2 2002 -
IRVINE, Calif., Nov. 13 /PRNewswire-FirstCall/ -- DataLogic International, Inc.
(BULLETIN BOARD: DLGI) (Berlin Stock Exchange: 779612) today announced results
for third quarter ended September 30, 2003. The Company's net revenues for the
quarter increased $2,098,427, or 320%, to $2,753,728, as compared to $655,301
for the three months ended September 30, 2002.
DataLogic's net profit for the three months ended September 30, 2003 increased
$157,295 to $145,374, as compared to a loss of $11,921 for the same quarter one
year ago. The increase in net income was primarily due to an increase in
operating profits from more billable employees, sales of VoIP phones and
airtime, and the Company's ability to better manage its general and overhead
expenses.
"After a slight setback in last quarter's results due to merger and acquisition
related expenses, we are back on our growth track," commented Derek Nguyen, the
Company's CEO. "Our staff augmentation business is growing steadily with a
consistent net income. We will continue to focus on securing additional
governmental and commercial service contracts as a response to signs of
increased spending."
"Our VoIP business is also showing steady growth," added Keith Nguyen, President
of DataLogic. "Our distribution channels are expanding and IPN currently has
several mid to large size clients that are in the testing phase of our systems.
We are also working to introduce our products into major retail distribution
channels. We expect these developments to result in significant sales increases
in the near term."
About DataLogic International Inc.
DataLogic, operating through its wholly-owned subsidiary, DataLogic Consulting
Inc., is a professional service company dedicated to solving its clients'
business problems with technology-based solutions. Its services include SAS
consultancy, project management, software development, Internet solutions,
telecommunications/wireless integration, value added reselling/training and IT
outsourcing. The Company also provides short and long term staffing solutions
to IT clients and healthcare/medical providers.
Among the industries that DataLogic serves include Communications, Energy,
Financial, Government, Healthcare, Manufacturing, Retail and Transportation. A
partial list of the Company's current and previous clients include Alcon Labs,
Amgen, Boeing, Compaq Computer, Cisco Systems, City of Houston, Commonwealth of
Virginia, FDNY, FedEx, IBM Corp., International Paper, Kiboga Systems, Orange
County Transportation Authority (OCTA), PacifiCare/RX Solutions, Phillips
Petroleum, Prudential Healthcare, State of North Carolina, State of Rhode
Island, SAS Institute and Sun Microsystems. For more information on DataLogic
International, Inc., go to http://www.dlgi.com/ or contact Investor Relations at
(888) 530-8228.
About IPN Communications, Inc.
IPN Communications, a majority-owned subsidiary, develops and markets voice over
IP (VoIP) phone products and services. Through the use of its USB and Ethernet
based phones, consumers and corporate users can communicate worldwide for free
or as little as one cent a minute. Its phone set works similar to a
conventional phone and is of equal quality in sound, even on a slow connection
such as dial-up. IPN phones can be used to call conventional phones and vice
versa. For more information on IPN Communications, Inc., go to
http://www.ipncom.com/ .
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
that 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, DataLogic International, Inc.,
+1-888-530-8228
Web site: http://www.ipncom.com/
Web site: http://www.dlgi.com/