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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Joe Copia who wrote (24583)	5/9/2002 10:10:39 AM
From: Joe Copia	Respond to of 25711

NTFY @ .50 looks like a major play: (PR NEWSWIRE) Notify Technology Provides Financial Guidance Based On Increase Notify Technology Provides Financial Guidance Based On Increased Product Demand SAN JOSE, May 9 /PRNewswire-FirstCall/ -- Notify Technology Corp. (Nasdaq: NTFY), announced today an updated financial guidance statement for the remainder of the Fiscal 2002 year ending September 30th. Revenue for the current third fiscal quarter has already exceeded the Company's combined reported revenue for both the first and second fiscal quarters of 2002. The Company is now projecting revenues between $650,000 and $900,000 for its third fiscal quarter, which ends June 30th. The Company believes that its operating expenses for the current quarter will be near the levels reported in the previous quarter, allowing it to decrease its net loss for the current quarter. In addition, the Company believes that revenues for the fourth fiscal quarter should be in the same range as third fiscal quarter. Orders for the Company's Visual Got Mail products have shown sequential increases and now total over 200,000 units for the current fiscal year. Once the Visual Got Mail units are shipped to customers, Notify will receive a recurring revenue stream, which is generated monthly. "We are pleased to report this positive outlook to our shareholders for the remainder of our fiscal year," said Paul F. DePond, President and CEO of Notify Technology Corp. "Both our Visual Got Mail and NotifyLink businesses are generating a tremendous excitement in the market. This month, the 2way wireless carriers will begin marketing our NotifyLink Enterprise Exchange to their installed base of corporate customers, which will provide a high margin, monthly recurring revenue stream. "For additional information, please refer to the 2nd fiscal quarter earnings release and join us for our quarterly conference call scheduled for 4:05 PM today, May 9th. You can access the call by dialing (888) 881-4892." About Notify Technology Corporation Founded in 1994, Notify Technology Corp (Nasdaq: NTFY) is an innovative communications service and software provider for wireline and wireless notification and messaging services. Notify Technology is quickly becoming the leading provider of mobile wireless software and services for Over The Air synchronization and management of email and PIM (contacts, calendar, tasks) independent of device and network. Notify Technology currently sells its products through OEM relationships to major telephone companies and wireless carriers. The company is headquartered in San Jose, Calif. For more information, visit notifycorp.com or contact 408-777-7920. Safe Harbor Statement Statements in this press release regarding product development and introductions are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbors created thereby. These statements involve risks and uncertainties, which include, but are not limited to, the success of negotiations, product order and revenue projections, market acceptance of products, and other risks. Please refer to the company's filings with the Securities and Exchange Commission for more information on factors that could affect Notify's future results. The Company undertakes no obligation to revise or publicly release the results of any revision to these forward looking statements. MAKE YOUR OPINION COUNT - Click Here tbutton.prnewswire.com SOURCE Notify Technology Corporation -0- 05/09/2002 /CONTACT: investors, Matthew Hayden of Hayden Communications, +1-843-272-4653, or matt@haydenir.com, for Notify Technology Corporation, or media, Christina Dowling of Notify Technology Corporation, +1-408-777-7923, or Cdowling@notifycorp.com/ /Web site: notifycorp.com / (NTFY)