Anyone have some comments? Lets get talking here.
Ian
Tuesday July 22 12:07 PM EDT
Company Press Release
ALPNET Announces Strong 1997 Second Quarter Results
SALT LAKE CITY--(BUSINESS WIRE)--July 22, 1997--ALPNET Inc. (NASDAQ:AILP), the largest independent
dedicated provider of language translation, product localization and language-related services to international businesses,
Tuesday announced record sales and strong earnings results for the quarter ended June 30, 1997.
Total revenues for the quarter were $10.4 million with net income of $619,000 for $.024 per share compared to revenues of
$9.0 million with net income of $662,000 or $.026 per share for the second quarter of 1996.
For the six months ended June 30, 1997, total revenues were $19.2 million with net income of $43,000 or $.002 per share
compared to revenues of $15.5 million with net income of $692,000 or $.027 per share for the six months ended June 30,
1996. These results represent a 24 percent increase in sales for the first six months of 1997 over 1996.
In announcing the earnings, Thomas F. Seal, ALPNET president and chief executive officer, issued the following statement:
``Second quarter earnings as well as our expectations for the rest of 1997 indicate that our strategic positioning and
enhancements in operating capacity have started paying dividends to ALPNET.
``We have exceeded the expectations published in our May press release announcing first quarter results, and it is apparent
that the decision to reinvest some of our earnings into increased capacity over the past several quarters has given us a
competitive advantage in producing large scale projects and handling increased volumes throughout our global network.
``With our increased selling to targeted multinational clients, international businesses are recognizing and appreciating the
advantages of utilizing ALPNET's world-class localization and translation services.
``It is already clear in 1997 that ALPET is well positioned to strengthen its leading presence in the exciting market of
Multilingual Publishing Services. We are closely involved in the globalization efforts of many of our clients and as a result are
experiencing rapid global expansion ourselves.
``In the past 18 months we have successfully penetrated several new markets with new offices in Asia, the Netherlands and
Belgium. The company is now firmly established at 33 locations in 13 countries.
``With a mature presence on three continents and a worldwide team of skilled professionals utilizing our proprietary
technology, ALPNET is poised to continue growing rapidly in an industry expected to generate $6 billion of annual revenues
by the year 2000.
``Moving into the future, ALPNET's vision and broad capability have combined to yield a distinctive strategy that attracts a
great deal of interest from companies in all aspects of the international marketplace. Companies from many industries are
increasingly using information technology as a key part of their international products, organization or internal structure.
``As these companies become increasingly international, their need to globalize their own products and operations requires
increasing amounts of Multilingual Publishing Services.
``ALPNET's broad background in a wide variety of industries, coupled with our strength in information technology, our
state-of-the-art linguistic tools and our worldwide presence make ALPNET the logical choice of both Fortune 500 or
emerging market clients. ALPNET provides the most comprehensive offering of language-related services throughout the
world.
``We believe that the demand for translation and product localization services will continue to grow at an aggressive pace.
Through the investments in added capacity that we have made, we have positioned ALPNET to capture and produce a rapidly
growing amount of revenue. We believe our people, our expertise and our robust technology will allow us to produce the
quality materials our clients need.
``All of this coupled with our ongoing development efforts, will keep ALPNET at the forefront of the industry, and foremost in
our clients' minds as they purchase our services.''
ALPNET is the largest publicly-owned dedicated supplier of worldwide translation and product localization services, with
more than 375 employees working in 33 wholly-owned offices in 13 countries throughout Europe, North America and Asia.
ALPNET supplies its clients with language translation, product localization, language interpreting, language training and
multilingual publishing solutions.
Additional information about ALPNET is available on the World Wide Web at alpnet.com . Additionally, a copy
of ALPNET Review or an investor package can be obtained by calling our investor relations department.
Contact:
ALPNET Inc., Salt Lake City
George P. Matus, 801/273-6602
e-mail: Info@ALPNET.COM |
