DataLogic International Announces Results for Q3 2003
November 13 2003 - 5:30AM
PR Newswire (US)
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/
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