A.D.A.M., Inc. Expects Continued Profitability For Q3 and Q4, 2001, and Growing Profitability in 2002.Business, Health & Medical Editors/Technology Writers ATLANTA--(BUSINESS WIRE)--Sept. 27, 2001 A.D.A.M., Inc., (Nasdaq: ADAM Adam, the first man, in the Bible Adam (ăd`əm), [Heb.,=man], in the Bible, the first man. In the Book of Genesis, God creates humankind in his image as a species of male and female, giving them dominion over other life. ) a leading provider of health information solutions, today announced that it expects to report positive net income for the quarter ending September September: see month. 30, 2001, and forecasts continued profitability for the remainder of 2001 and growing profitability in 2002. The Company believes that the tragic events of September 11, 2001 will not have a material effect on the 2001 and 2002 forecast. Based on current information, including the economic slowdown For articles with similar titles, see Slow Down (disambiguation). A slowdown is an industrial action in which employees perform their duties but seek to reduce productivity or efficiency in their performance of these duties. over the past few months, as well as the projected continuing slowdown for the near term, the Company expects to report net income between $0.02 and $0.04 per share on revenues of $2.2 to $2.4 million for the quarter ending September 30, 2001, and similar results for the quarter ending December December: see month. 31, 2001. Looking forward to calendar 2002, the Company projects, that it will report net income in the range of approximately $0.18 to $0.23 per share on revenues of approximately $10.5 to $11.5 million, an increase in revenue of 18% to 24%. A.D.A.M., Inc. expects to report its actual third quarter results for the period ending September 30, 2001 on Thursday Thursday: see week. , November 1, 2001. About A.D.A.M., Inc. For more than a decade, A.D.A.M. (Nasdaq: ADAM) has been a leading developer of interactive health and medical information for consumers, students and healthcare professionals. A.D.A.M.'s products combine physician-reviewed text, medical illustrations, multimedia, and interactive tools and technology that explain complex medical and health information in a consumer-friendly manner. Since 1998, A.D.A.M. has been marketing its health information products to major website portals, healthcare providers and other healthcare-related organizations including the National Library of Medicine's MEDLINEplus. A.D.A.M.'s proprietary content assets include an illustrated 3,800 topic medical encyclopedia encyclopedia, compendium of knowledge, either general (attempting to cover all fields) or specialized (aiming to be comprehensive in a particular field). Encyclopedias and Other Reference Books ; topical topical /top·i·cal/ (top´i-k'l) pertaining to a particular area, as a topical antiinfective applied to a certain area of the skin and affecting only the area to which it is applied. top·i·cal adj. health centers, 40,000 medical illustrations; 3D models; animations; and interactive tools and technology. A.D.A.M. is a founding member of Hi-Ethics, a coalition of the most widely referenced health websites and information providers committed to developing industry standards for quality of consumer health information. Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. Except for historical information, all of the statements, expectations and assumptions, in particular all forecasts and projections, contained in this press release are forward-looking statements. These statements involve a number of risks and uncertainties that could cause actual results, performance or developments to differ materially. Factors that could affect the company's actual results, performance or developments include general economic conditions, development of the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the as a source of health information, pricing actions taken by competitors, demand for the company's health information, regulatory changes, and other laws that impact how the company conducts its business. A.D.A.M. disclaims any obligation or duty to update or correct any of its forward-looking statements. |
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