DataLogic International Postpones Earnings Release; Announces Filing of Form 12b-25
March 31 2005 - 8:15AM
PR Newswire (US)
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/
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