How about this! Record 3rd quarter earnings of 29 cents per share!
Stock should be on the move tomorrow.
Ian
ALPNET Announces Record Earnings For Third Quarter 1997
SALT LAKE CITY, Oct. 23 /PRNewswire/ -- ALPNET, Inc. (Nasdaq:AILP), the international translation and localization
services company, today announced results for the quarter and nine months ended 30 September 1997. Total revenues for the
quarter were $10.2 million with record net income of $742,000 or $.029 per share, compared to revenues of $7.5 million with
net income of $22,000 or $.001 per share for the third quarter of 1996. For the nine months ended 30 September 1997, total
revenues were $29.4 million with net income of $785,000 or $.034 per share, compared to revenues of $23.1 million with net
income of $714,000 or $.028 per share for the nine months ended 30 September 1996.
In announcing the results, Jaap van der Meer, ALPNET president, stated, ''These record high earnings indicate that
ALPNET's 'revitalization' strategy implemented in 1995 is beginning to produce solid returns. By fiscal year end 1997, the
Company expects to see revenues nearly double from 1994. This sharp growth is a result of the Company's strategic shift from
a production based model to a solution based model. Driven by a client and market focus, ALPNET continues to develop
strong partnerships with new global clients. In the past two years we have added approximately 150 highly skilled and talented
people to our staff and have opened new production centers and customer service offices in strategic markets. Our goal is to
generate about 70%-80% of our revenues from approximately 30-40 large global clients without sacrificing our baseline
revenues.''
''Several factors contribute to ALPNET's improved profitability, including: 1) global account strategy, 2) increased utilization
of technology, and 3) better utilization of our network of offices.''
''Our global account strategy is improving the Company's profitability as we focus our services on long-term relationships with
a strategic number of large multinational clients. This concentration allows us to benefit from improved learning curves and
increased efficiencies from the use of technology and also keeps project administration costs to a minimum.''
''Since ALPNET ported its translation tools to Windows last year, the number of translators using these productivity tools has
grown significantly. This proprietary technology gives ALPNET a distinctive advantage and has contributed to improvement in
profitability.''
''The increased utilization of our network of offices is strengthening profitability as well. ALPNET's global network of offices
was designed and developed to provide clients with value-added translation and localization services. In the past, the
underutilization of resources and office infrastructure contributed to less than expected returns in some of ALPNET's
medium-sized operations such as the Netherlands and France, however, recent sales growth coupled with efficient utilization
has turned most of these operations into profitable entities. Going forward, immediate corrective actions will be taken to
remedy any underperforming offices in the network.''
''ALPNET has a distinct advantage in its competitive position in this industry because of two key factors: 1) the size of our
global network which is located on three continents and well positioned to service any multinational business, and 2) the
diversification of our services.''
''ALPNET's competitive position has improved significantly. While some of our major competitors are fully occupied with
mergers and acquisitions to build a global network such as ours, ALPNET is developing global client partnerships. ALPNET's
presence in thirteen countries on three continents makes it the largest dedicated translation and localization service provider in
the world. ALPNET's early entrance (in 1987) in this emerging industry has created a competitive advantage for the
Company.''
''An additional advantage is ALPNET's broad base of expertise. While some of our competitors are fully specialized in
software localization, ALPNET has its roots in various global industries, such as the information technology industry, the
automotive industry, financial services, engineering and telecom industries. We are experiencing a push for more integrated
multilingual publishing solutions in all of these industries. ALPNET is finding opportunities to provide new value added services
to clients in various industries and our broad market scope makes us less vulnerable to the cycles of one particular industry.''
''Management believes that the strategies and competitive advantages mentioned above will help ALPNET experience
continued growth and profitability in the future. Our challenge is to find the capable resources that can help us meet our clients'
requirements.''
ALPNET is the largest publicly-owned dedicated supplier of worldwide translation and product localization services, with
more than 400 employees working in 13 countries throughout Europe, North America and Asia. ALPNET supplies its clients
with language translation, product localization 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. |
