MySoftware Company(TM) Expects Record Fourth Quarter Revenues
Preliminary Results Show Revenues Up 40-50% From Q4 1997
Highest Quarterly and Annual Revenue in Company's History
January 21, 1999 08:02 AM
PALO ALTO, Calif., Jan. 21 /PRNewswire/ -- MySoftware Company MYSW today announced that it expects record revenues for the quarter ended December 31, 1998, making it the third record revenue quarter of 1998 and the highest revenue quarter in the history of the Company. Based on preliminary unaudited results, MySoftware expects to report a 15-20 percent increase in revenues from Q3 1998, an increase of 40-50 percent from Q4 1997.
The Company's earnings per share are expected to range between $.07-$.08 for Q4, up from a loss of $.38 per share in the same quarter of 1997.
For the twelve months ended December 31, 1998, MySoftware expects revenue totals to be the highest in the Company's history, 15-20 percent greater than in 1997. Earnings per share are expected to range between $.09-$.10 for 1998.
"1998 was a year in which we moved beyond packaged software and into more lucrative channels. Q4 success was primarily due to strong annuity and retail sales as well as our business development partnerships. By investing during Q4 in the development of our new Web services, we are well positioned for growth in 1999," commented CEO and President Gregory Slayton, "we are heartened by these results and excited about the Company's prospects going forward."
MySoftware will release audited fourth quarter and 1998 financials as scheduled on February 25, 1999. A conference call will take place at 2:00 Pacific Time after the announcement and a digital replay of the call will be available for seven days. Investors and media interested in participating in the call should contact Rachel Brant at 650-473-3621.
About MySoftware Company
MySoftware Company is the world's leading provider of productivity software and Internet services for small and mid-sized businesses. By combining powerful software with effective, affordable Internet and annuities solutions, anyone can turn their PC into a direct marketing powerhouse. As the perfect complement to its retail software products, MySoftware's Internet services are dedicated to helping businesses find new customers (www.MyProspects.com) to grow their businesses. MySoftware actively works with some of the world's best-known companies to provide productivity solutions for their small and medium-sized business customers. More information on MySoftware and its alliances and products is available on the World Wide Web at www.MySoftware.com.
Forward Looking Statements
To the extent that any of the statements contained herein relating to the Company are forward-looking, such statements are based on current expectations that involve a number of uncertainties and risks. Such uncertainties and risks include, but are not limited to, the development of new products and services, the enhancement of existing products, the dependence on principal customers, competitive pricing pressures, product volume and mix, timing of orders received, and the introduction of competitive products having technological and/or pricing advantages. As a result, the Company's operating results may fluctuate, especially when measured on a quarterly basis. In addition, the expected revenues and earnings per share described above are based on preliminary financial results, and actual results may change based on review by the Company's independent auditors. For further information, refer to the risk factors included in the Company's Annual Report on Form 10-KSB for the year ended December 31, 1997 as filed with the Securities and Exchange Commission.
SOURCE MySoftware Company
|
