Press Release
Pro Tech Communications, Inc. Reports Second Quarter Results -- Revenues Increased 47% Versus Year Ago Period
FORT PIERCE, Fla.--(BUSINESS WIRE)--Aug. 13, 2001--Pro Tech Communications, Inc. (OTCBB: PCTU - news), a provider of telemarketing services and proprietary products and services to call centers, reported total revenue for the three months ended June 30, 2001 was $634,949 compared to $432,853 in the same period in 2000, an increase of 47%. Net loss for the three months ended June 30, 2001 was $518,546 compared to a net profit of $13,825 for the same period a year ago.
The loss for the quarter was related to three factors: (1) required amortization expense of approximately $232,000 from the company's acquisition of certain intangible property from NCT Hearing; (2) the expenditures regarding the rollout and launch of our two new business segments; and (3) planned product development and R&D expenditures supporting several new product introductions made this month.
``We introduced a new line of call center products at the International Call Center Management show earlier this month,'' said Richard Hennessey, president. ``These products were well received and we are currently in the manufacturing phase. We anticipate having these products available for shipping in October.''
About Pro Tech Communications, Inc.
Pro Tech Communications, Inc. is a provider of telemarketing services and proprietary products and services for call centers. The company is comprised of three business units. Headset Products develops, manufactures and distributes headsets and other communications products to the call center market as well as the fast food market. Pro Tech's Call Center Operation runs a full service call center with the latest customer relationship management (CRM) technology, focused on healthcare applications. The Telecommunication System Integration segment sells and installs analog, digital and Internet Protocol (IP) phone systems to call centers as well as to small and medium-sized businesses. Pro Tech is a subsidiary of NCT Group, Inc. (OTCBB: NCTI - news). For more information refer to www.protechcom.com.
For The Three Months For The Six Months
Ended June 30, Ended June 30,
---------------------------------------------
(In millions, except per
share amounts) 2000 2001 2000 2001
---- ---- ---- ----
Total revenue $ 432,853 $ 634,949 $ 719,252 $ 1,252,970
Net income/loss $ 13,825 $(518,546) $ 76,466 $ 852,969
Net income/loss per share $ 0.00 $ (0.02) $ (0.02) $ (0.03)
Weighted Average number
of Common shares
outstanding 4,265,901 32,870,256 4,261,170 31,361,348
Cautionary Statement Regarding Forward-Looking Statements
Certain statements contained in this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, or as referred to as the Act. In order to obtain the benefits of the ``safe harbor'' provisions of the Act for any such forward-looking statements, the company wishes to caution investors and prospective investors about significant factors, which among others, have in some cases affected the company's actual results and are in the future likely to affect the company's actual results and cause them to differ materially from those expressed in any such forward-looking statements. Investors and prospective investors should read this press release in conjunction with the company's reports on Form 10-K, Forms 10-QSB and our Registration Statement on Form S-1 (Registration No. 333-49318) filed on November 3, 2000 with the Securities and Exchange Commission.
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Contact:
NCT Group, Inc.
Joanna Lipper, 203/226-4447 ext. 3506
Fax: 203/226-3123
jlipper@nctgroupinc.com |
