Wednesday April 22, 8:01 am Eastern Time
Company Press Release
SOURCE: ALPNET, Inc.
ALPNET Announces Record Results For First Quarter 1998
SALT LAKE CITY, April 22 /PRNewswire/ -- ALPNET, Inc. (Nasdaq: AILP - news), the international translation and
localization services company, today announced results for the quarter ended 31 March 1998. Total revenues for the quarter
were $12.3 million with net income of $810,000 or $.035 basic per share earnings ($.031 per share, assuming dilution),
compared to revenues of $8.8 million with a net loss of $576,000 or $.032 basic and diluted per share loss for the first quarter
of 1997. These results represent a 40% increase in sales for the first quarter of 1998 over 1997.
In announcing these results, Jaap van der Meer, ALPNET president, stated, ''These record first quarter results clearly indicate
that ALPNET is on track with its three year target of $100 million in sales and $10 million in net income by the year 2000. For
1998, the Company expects revenues to be in the mid $50 million range with strong net margins. We recently announced
record sales and profitability for 1997 and anticipate a record year with an annual sales growth rate of approximately 35%.''
''Our global account strategy is fueling the Company's sales and profitability as we focus our services on long-term
relationships with a strategic number of large multinational clients. These long-term relationships help to minimize our quarterly
volatility and produce consistently improving results. This strategy also allows us to benefit from improved learning curves and
increased efficiencies from the use of technology, keeping project administration costs to a minimum.''
''We have recently announced contracts with Lawson, Oracle and Rolls Royce, and continue to provide services to leading
multinational companies such as Compaq, Dell, Hewlett-Packard, Intel, Baan, Cognos, Mercedes, Volvo and GM. Also,
ALPNET recently announced the opening of a new office in Bangkok. This new operation will provide localization services for
Oracle's ERP (Enterprise Resource Planning) applications into Thai and also service other multinational companies in this
growing region.''
ALPNET is the largest publicly-owned dedicated supplier of worldwide translation and product localization services, with more
than 500 employees working in 14 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.
Statements in this press release that present information which is not historical are forward looking. Forward looking statements
involve numerous risks and uncertainties that could cause actual results to be materially different from estimated or expected
results. Such risks and uncertainties are disclosed at various times in our filings with the SEC and reference is made to our
recent Form 10-K filing. As a result, no assurance can be given as to future results.
SOURCE: ALPNET, Inc. |
