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Technology Stocks : Optimal Robotics Corp. (OPMR) -- Ignore unavailable to you. Want to Upgrade?

To: J_W who wrote (200)	4/25/2000 4:17:00 PM
From: J_W	Read Replies (1) \| Respond to of 325

Optimal Robotics Corp. Reports Record Revenue, Earnings And Installations For The First Quarter of 2000 MONTREAL--(BUSINESS WIRE)--April 25, 2000--Optimal Robotics Corp. (NASDAQ: OPMR - news), North America's leading provider of self-checkout systems to retailers, today announced record results for the first quarter ended March 31, 2000. All references are to U.S. dollars. Optimal Robotics reported record revenues of $12,004,159 for the first quarter as compared to $5,090,265 for the same period of 1999, an increase of 136%. This significant growth in revenue was the result of increased sales of Optimal Robotics' core product, the U-Scan© Express self-checkout system. Net earnings for the quarter were $701,218 or $.06 per share as compared to a net loss of ($574,826) or ($.08) per share for the first quarter of 1999. Fully diluted earnings per share are not reported because they are anti-dilutive. During the first quarter, the Company installed 115 U-Scan© Express systems, the largest quarterly number of installations in its history, and an increase of 125% from 51 systems installed in the first quarter of 1999. ``We are very pleased with the results of the quarter and our continuing business momentum. We continue to enjoy significant growth and that growth is reflected in our first quarter numbers,'' said Holden L. Ostrin, Co-Chairman of Optimal Robotics. ``Retailer response to our self-checkout systems has allowed us to continue our rapid expansion and, with our leadership and our growing installed base, we are well-positioned to take advantage of the many opportunities that exist.'' ``As always, we continue to invest in both quality personnel and infrastructure to ensure that we support the growth of our business,'' added Mr. Ostrin. Optimal Robotics Corp. is the leading provider of self-checkout systems to retailers in North America. The Company's principal product is the U-Scan© Express, an automated self-checkout system which enables shoppers to scan, bag and pay for their purchases with limited or no assistance from store personnel. The U-Scan© Express, which processed over 45 million customer transactions in 1999, is designed to reduce retailer checkout costs and increase shoppers' convenience. Optimal's systems are installed in leading retailers, including The Kroger Company, Meijer, Inc., Ahold NV, The Great Atlantic and Pacific Tea Co., Inc. (``A&P'') and Wal-Mart Stores, Inc. This news release contains forward-looking statements based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially. These risks and uncertainties include price and product competition, dependence on new product development, reliance on major customers, customer demand for our product and services, control of costs and expenses, domestic and international growth, general industry and market conditions and growth rates and general domestic and international economic conditions including interest rate and currency exchange rate fluctuations. For a further list and description of such risks and uncertainties, see the reports filed by Optimal with the Securities and Exchange Commission. Optimal disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.