DataLogic International Announces Shareholder Meeting and Preliminary Results for Q2 2004
June 30 2004 - 3:22PM
PR Newswire (US)
DataLogic International Announces Shareholder Meeting and
Preliminary Results for Q2 2004 IRVINE, Calif., June 30
/PRNewswire-FirstCall/ -- DataLogic International, Inc. (OTC
Bulletin Board: DLGI; Berlin, Frankfurt Stock Exchange: 779612),
today announced the schedule for its annual meeting and preliminary
results for Q2 2004. The company plans to hold its annual
shareholder meeting at the end of September in Irvine, CA. All
shareholders will be notified of the exact date and location of the
meeting via mail sometime next month. Based upon preliminary
analysis, the Company's net revenue for the three months ending
June 30, 2004 is expected to be approximately $4.5M. The Company
expects to report a net profit of approximately $500,000, as
compared to $479,532 for the previous quarter this year and a loss
of $731,806 for the same quarter last year. Actual results will be
announced by the end of July or early August. "We continue to
experience growth in all three of our core businesses," said Keith
Nguyen, DataLogic's President. "The demand for our VoIP solutions
remains strong. Our M2M sales have also improved, which revenues
will be recognized in Q3. We are ahead of last quarter's sale
projections by 11% and expect to outperform the first half of
2004's projection by 10% overall. Based on our existing and
anticipated sales, we are confident that we will be able to meet or
exceed the originally projected sales goal of $20M for this year,"
Nguyen added. About DataLogic International Inc. DataLogic
International, Inc. is a technology and professional service
company dedicated to providing a wide range of Information
Technology 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 International, Inc.,
+1-888-530-8228, Web site: http://www.dlgi.com/
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