En Pointe Technologies Inc. Announces its First Quarter FY1998 Revenue Outlook
Business Wire via Dow Jones
LOS ANGELES--(BUSINESS WIRE)--Dec. 18, 1997--En Pointe Technologies Inc., a
national provider of information technology products and value-added services,
Thursday announced the company's outlook on revenue trends.
For the first quarter fiscal year 1998, the revenue expectations appear to be
in the $130 million range. This represents 17 percent growth,
quarter-on-quarter, with the prior year's quarter actual sales of $111 million.
Bob Din, chief executive officer of En Pointe Technologies, stated: "Our
current outlook for the quarter is approximately $130 million in estimated sales
compared to $111 million in actual sales in the same quarter a year ago.
"While we certainly would have been pleased with the trends of growth greater
than 17 percent on a quarterly basis in order to meet outside analysts'
expectations, we continue to grow at a rate that outpaces the industry."
Susan Bailey, president of En Pointe Technologies, noted: "En Pointe continues
its pattern of increased sales. Had several of our significant customer
installations, valued at approximately $10 million, not been postponed until
next quarter, we would have been delivering growth in the 26 percent range. We
anticipate that our 1998 fiscal year will bring continued strong sales
performance."
En Pointe Technologies is a national provider of information technology
products and value-added services, utilizing proprietary software and systems to
drop-ship products to its customers through an electronically linked network of
the largest allied distributors in the United States.
This software allows En Pointe to serve as an electronic clearinghouse of
computers and computer-related products without many of the risks and costs
associated with maintaining inventory. En Pointe offers its customers direct
online access to 70 percent of the mainstream PC distribution product.
En Pointe Professional Services offers "total solution" system consulting
services such as pre-sale consulting, design, training, customization and
integration. En Pointe has 16 sales offices across the United States. Visit En
Pointe on the Internet at enpointe.com .
This news release contains statements regarding anticipated revenue,
anticipated growth and anticipated business trends, all of which are
forward-looking statements. Actual circumstances may vary from those currently
anticipated due to risks and uncertainties that could cause actual results to
differ materially from those anticipated herein. Among the circumstances that
may cause actual circumstances to vary are market or competitive risks, customer
purchase deferment or budgetary constraints, reduced market demand, shortages of
technical personnel, systems software or infrastructure failure, and product
constraint, among others. Recipients of this news release are cautioned to
consider these risks and uncertainties and to not place undue reliance on these
forward-looking statements.
CONTACT: En Pointe Technologies Inc., El Segundo, Calif.
Susan Bailey, 310/727-5801
Brenda Eames, 310/796-02 |
