LSi Announces Preliminary Results For 1997 And Expected Filing Date For
10-KSB
CLEARWATER, Fla., April 16 /PRNewswire/ -- Lasergate Systems, Inc. (LSi)
(Nasdaq: LSGT - news) today announced that it expects to file its Annual
Report on Form 10-KSB with the Securities and Exchange Commission (SEC)
by April 30, 1998. According to LSi, discussions with potential
strategic partners and the consideration of several financing proposals
were among the reasons for the delay of the filing.
In a good faith effort to keep its shareholders informed, LSi also
announced that it expects to report revenues of approximately $4.9
million and a net loss of approximately $2.9 million for the 12 months
ended December 31, 1997.
The Company
LSi designs, develops, markets, sells and services software and systems
for admission control and revenue accounting at general admission and
reserved seating facilities worldwide, including amusement parks, theme
parks, museums, ski resorts, sports arenas and multi-purpose arenas.
LSi's clients include American Skiing Company [NYSE:SKI - news], the Art
Gallery of Ontario, Carnegie Hall, Sun Valley Resort and World of Coke.
Except for the historical information contained herein, the matters
discussed in this news release are forward-looking statements that
involve risks and uncertainties, such as those relating to the timely
availability and acceptance of existing and new products; the impact of
competitive product introductions, acceptance and pricing; the placement
of orders and execution of shipments per sales agreements with
customers, as well as their continued satisfaction with LSi products and
services; and those risks detailed in LSi's filings with the SEC. Actual
results may differ materially from any forward- looking statements, due
to these risks and uncertainties. |
