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DataLogic International Postpones Earnings Release; Announces
Filing of Form 12b-25
IRVINE, Calif., March 31 /PRNewswire-FirstCall/ -- DataLogic International,
Inc., (OTC Bulletin Board: DLGI; Berlin, Frankfurt Stock Exchange: 779612) a
technology and professional services company providing a wide range of
consulting services and telecommunications products such as VoIP equipment and
GPS vehicle tracking devices, today announced that it has postponed its
earnings release regarding results for the fourth quarter and fiscal year ended
Dec. 31, 2004, and that it will file a Form 12b-25 (Notification of Late
Filing) with the Securities and Exchange Commission with respect to its annual
report on Form 10-K for the year ended Dec. 31, 2004.
The late filing is the result of delays DataLogic has experienced in completing
its financial statements and audit for the year ended Dec. 31, 2004. The
delays stem directly from the time required to reorganize the Company and
support new executives, integrate the ISS asset purchase, and develop new
business. Additional impact on the timeline was caused by delay in obtaining
the necessary financials and due diligence items from domestic and foreign
clients for both of the Company's subsidiaries. DataLogic was unable to
complete its Annual Report on Form 10-K for the period ended Dec. 31, 2004,
without the expenditure of unreasonable effort and expense, as outlined in its
Form 12b-25 filing.
The purchase of the ISS assets was part of DataLogic's strategic plan to expand
into the Homeland Security market, which creates new business opportunities.
The Company expects to use DataLogic's capabilities to expand ISS' business
model to provide computing solutions to state and local government agencies
throughout the United States. DataLogic has not set a date and time for the
rescheduled earnings announcement.
About DataLogic International, Inc.
DataLogic International, Inc. is a technology and professional services company
providing a wide range of consulting services and telecommunications products
such as VoIP phones, videophones, communications servers and GPS vehicle
tracking devices. The company also provides Information Technology outsourcing
and consulting services. DataLogic's customers include U.S. and international
governmental agencies and commercial organizations. For more information about
DataLogic International, please visit http://www.dlgi.com/.
This news release includes forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934, as amended, regarding, among other things, our plans,
strategies and prospects, both business and financial. Although we believe
that our plans, intentions and expectations reflected in or suggested by these
forward-looking statements are reasonable, we cannot assure you that we will
achieve or realize these plans, intentions or expectations. Forward-looking
statements are inherently subject to risks, uncertainties and assumptions. Many
of the forward-looking statements contained in this news release may be
identified by the use of forward-looking words such as: believe, expect,
anticipate, should, planned, will, may, intend, estimated, and potential, among
others. Important factors that could cause actual results to differ materially
from the forward-looking statements we make in this news release include market
conditions and those set forth in reports or documents that we file from time
to time with the United States Securities and Exchange Commission. All
forward-looking statements attributable to DataLogic International or a person
acting on its behalf are expressly qualified in their entirety by this
cautionary language.
Contact Information:
Keith C. Moore, Chairman and CEO
DataLogic International, Inc.
949-260-0120. ext. 106
Sean Collins, Partner
CCG Investor Relations and Strategic Communications
818-789-0100, ext. 202
DATASOURCE: DataLogic International, Inc.
CONTACT: Keith C. Moore, Chairman and CEO of DataLogic International,
Inc., 1-949-260-0120, ext. 106; or Sean Collins, Partner of CCG Investor
Relations and Strategic Communications, +1-818-789-0100, ext. 202
Web site: http://www.dlgi.com/