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Technology Stocks : Warp 10 Tech. (WARP) -- Ignore unavailable to you. Want to Upgrade?

To: Sean Janzen who wrote (920)	3/26/1998 11:29:00 AM
From: IN_GOD_I_TRUST	Respond to of 1164

Thursday March 26, 11:04 am Eastern Time Company Press Release SOURCE: Warp 10 Technologies Inc. Warp 10 Technologies Inc. Announces Second Quarter Results TORONTO, March 26 /CNW-PRN/ - WARP 10 TECHNOLOGIES INC. (NASDAQ: WARPF - news), (CDN: WARP) today announced results for the second quarter and six months ended January 31, 1998 as follows: U.S. Dollars Three months ended Six months ended Jan. 31, Jan. 31, Jan. 31, Jan. 31, 1998 1997 1998 1997 Sales $189,676 $194,139 $314,913 $688,846 Net loss $(422,317) $(1,619,984) $(1,140,185) $(2,701,453) Loss per share $(0.02) $(0.07) $(0.04) $(0.11) Revenues were $189,676 in the second quarter of fiscal 1998 compared to $194,139 for the same period last year and $314,913 for the six months ended Janaury 31, 1998 compared to $688,846 for the same period last year. Net loss was $422,317 or $0.02 per share in the second quarter of fiscal 1998 versus a net loss of $1,618,984 or $0.07 per share for the second quarter of fiscal 1997. Net loss was $1,140,185 or $0.04 per share for the six months ended January 31, 1998 compared to a net loss $2,701,453 or $0.11 per share for the same period last year. Commenting on the results, Marvin Igelman, President and CEO of Warp 10 said ''Net loss for the quarter decreased by 75% from the same period last year. Our gross profit was 95% of sales and we have significantly reduced our overhead while maintaining a sustainable level of R&D activities. Continuing Mr. Igelman said ''During the quarter we released the beta version of the WarpRes Software Developer's Kit and we expect to begin shipping The Digital Toolkit in the fourth quarter.'' Warp10 Technologies Inc. develops and markets software solutions to optimize, manage and distribute image, audio and text files - known as ''digital assets'' - over computer networks, intranets and the Internet. The Company's applications are designed to assist media-rich industries with the creation, archiving, reproduction and recycling of digital assets. Warp 10 targets resellers and systems integrators that are involved in defining the use of ''digital assets'' in vertical markets such as entertainment, advertising, multimedia, entertainment, medical, educational and government. SOURCE: Warp 10 Technologies Inc. More Quotes and News: Warp 10 Technologies (Nasdaq:WARPF - news)