Friday October 16, 10:05 am Eastern Time
Company Press Release
Prosoft Responds to Investor Concerns
Company Reiterates Confidence in Future
AUSTIN, Texas--(BUSINESS WIRE)--Oct. 16, 1998--In an effort to calm investor concerns that there
has been an adverse change in the company's outlook since its year-end earnings were released earlier in
the week, Prosoft (Nasdaq: POSO - news) Chairman and Chief Executive Officer Jerry Baird released
the following statement:
"The company had an earnings release and a conference call two
days ago. Since then there has been no change in the company's
outlook that would warrant the recent volatility in its stock.
As we told investors on the conference call and in our press
release, the business outlook for the company has never been
brighter and its expense structure has never been tighter. The
recent announcements of our agreements with CompUSA and
ExecuTrain, combined with the business we already have in place,
provide a solid foundation to achieve revenue growth and
profitability in 1999."
Prosoft I-Net Solutions Inc. is an Internet solutions company committed to providing comprehensive
curriculum and vendor-neutral Internet certification programs. Prosoft offers more than 50 instructor-led
Internet skills courses ranging from one-day end-user workshops to 10-day certification programs. The
Certified Internet Webmaster program offered by Prosoft creates the professional skills required to
develop and implement e-business solutions in the Internet age. The certification testing program is
administered worldwide by testing leader Sylvan Prometric. Prosoft recently announced plans to change
its name to prosofttraining.com(SM).
Except for historical information contained herein, the matters discussed in this news release are
statements of a forward-looking nature that are subject to certain risks and uncertainties that could cause
actual results to differ materially from those projected. Such risks and uncertainties include, without
limitation, the company's dependence on the timely development, introduction and acceptance of courses
and products, the impact of competition and downward pricing pressures, the effect of changing economic
conditions, the company's ability to attract and retain key management and other personnel, risks in
technology development, continued adoption of Internet technologies, and the other risks and uncertainties
outlined in the company's filings with the Securities and Exchange Commission, including but not limited
to the company's Annual Report on Form 10K. The company undertakes no obligation to update this
forward-looking information.
Contact:
Prosoft I-Net Solutions Inc.
Laura Singleton, 714/953-1200, Ext. 375
laurasi@prosofttraining.com |
