I should have pounded the table on AREM more last week during the dip. With 1.35 EPS projected this year and 40% growth going forward, AREM should double again from here.
AremisSoft Comments on Solid First Quarter Outlook and Schedules Earnings
Release and Conference Call
Business Editors
NEW YORK--(BUSINESS WIRE)--April 19, 2000--AremisSoft Corporation
(Nasdaq:AREM), a leading international supplier of enterprise-wide
software and Internet-enabled solutions for the manufacturing,
hospitality, healthcare and construction industries, today commented
on its first quarter outlook.
"Based upon preliminary figures, it is clear that each of the
Company's four divisions had a very good start to the year," stated
Roys Poyiadjis, President of AremisSoft Corporation. "With our strong
backlog, visibility remains solid. As a result of these factors, we
are comfortable with the consensus estimate for the quarter and
confident in our business outlook for 2000."
AremisSoft will announce results for the first quarter ended
March 31, 2000 before the market open on Thursday, April 27, 2000. Dr.
Lycourgos K. Kyprianou, Chairman and Chief Executive Officer, and Roys
Poyiadjis, President, will host a conference call at 10:00 a.m. EST
with analysts and institutional investors to discuss the Company's
operating performance.
To participate in the conference call local and international
callers can dial 212-271-4738. Callers from the United States and
Canada can dial 888-209-3786. Early registration is encouraged by
e-mail: cdawson@morgenwalke.com. A replay is available approximately
one hour after the call until 11:59 p.m. on May 2.
The replay number is 858-812-6440, passcode: 15021869.
The conference call will also be available via the Internet by
accessing the AremisSoft web site at www.aremissoft.com. Follow the
directions on the main page to link to the audio broadcast. Please go
to the web site at least fifteen minutes prior to the call to
register, download and install any necessary audio software.
About AremisSoft Corporation
AremisSoft develops, markets, implements and supports
enterprise-wide applications software targeted at mid-sized
organizations in the manufacturing, healthcare, hospitality and
construction industries. The Company's software products help
streamline and enhance an organization's ability to manage and execute
mission-critical functions such as accounting, purchasing,
manufacturing, customer service and sales and marketing. AremisSoft
reported total revenue of $73.4 million for the twelve months ended
December 31, 1999 and net income of $12.1 million before extraordinary
gains for the same period. AremisSoft has over 500 employees, with
sales in 10 countries and a customer base in excess of 5,000. The
Company also operates a software development and support facility in
India, with 212 employees, which provides significant organizational
efficiencies and cost advantages in software development and support.
Cautionary Statement for Purposes of the "Safe Harbor" Provisions
of the Private Securities Litigation Reform Act of 1995: All
statements, other than historical facts, included in the foregoing
press release regarding the Company's financial position, business
strategy, and plans of management for future operations are "forward
looking statements." These statements are based on management's
beliefs and assumptions, and on information currently available to
management. Forward looking statements include, but are not limited
to, statements in which words such as "expect," "see," "anticipate,"
"intend," "plan," "believe," "estimate," "consider," or similar
expressions are used. Forward looking statements are not guarantees of
future performance. They involve risks, uncertainties, and
assumptions, including the risks discussed under "Risk Factors" in the
Company's annual report on Form 10K filed with the SEC. The Company's
actual results and stockholder values may differ materially from those
anticipated or expressed in these forward looking statements. Many of
the factors that will determine these results and values are beyond
the Company's ability to control or predict. Readers of this press
release are cautioned not to put undue reliance on any forward looking
statement. The Company undertakes no obligation to publicly update
these forward looking statements, whether as a result of new
information, future events or otherwise.
--30--ac/ny*
CONTACT: AremisSoft Corporation, New York
Roys Poyiadjis, 212/765-7383
roys.poyiadjis@aremissoft.com
or
Morgen-Walke Associates, New York
Michele Katz/Gordon McCoun/Cathy Dawson
Press: Brian Maddox/Brian Bailey
212/850-5600
KEYWORD: NEW YORK
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS SOFTWARE INTERNET
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
URL: businesswire.com
Apr-19-2000 19:18 GMT
Symbols:
US;AREM
Source BW Business Wire |
