ALPNET announces fourth quarter and 1994 results.

SALT LAKE CITY--(BUSINESS WIRE)--March 21, 1995--ALPNET Inc. (NASDAQ:AILP), a worldwide supplier of language translation and related services, today announced results for the quarter and year ended Dec. 31, 1994.

Total revenues for the fourth quarter 1994 were $5.8 million with a net loss of $95,000, or $.006 per share compared to revenues of $4.9 million, with net income of $128,000, or $.008 per share for the fourth quarter of 1993.

Total revenues for the year ended Dec. 31, 1994, were $20.5 million with a net loss of $741,000, or 4 cents per share, which compares to revenues of $19.5 million with net income of $458,000, or 3 cents per share for the year ended Dec. 31, 1993.

Thomas F. Seal, ALPNET President and CEO, stated, "We are pleased to report continued growth in revenues for both the fourth quarter of 1994 and for the year compared with the same periods in 1993. This revenue growth has been achieved as a result of new ALPNET offices opened in 1993 and 1994 as well as higher sales in most of the already existing ALPNET offices around the world. However, despite these higher revenues, losses were sustained as a result of significant price competition encountered in 1994, which significantly eroded margins. While revenue growth year over year increased about 5 percent, the company believes the actual growth in business volume in terms of words translated increased by 10 to 15 percent and we expect volume to continue to increase as the need for language services expands in the global marketplace."

Seal continued by saying, "The company remains optimistic about its long-term prospects, and is committed to its customers, employees and to providing a return to its shareholders. While the company's ability to operate profitably depends partially on competition in the market, we have seen an increase in orders in early 1995 as compared to early 1994 and believe the price competition will not intensify beyond current levels. We are working hard to return to profitability and believe the increased volume trend we are seeing in early 1995 will allow that to happen. ALPNET's balance sheet is stronger than it has been for several years and the company will continue to compete on the basis of quality, service and geographical proximity to clients and potential clients. Furthermore, ALPNET has the advantage of an experienced management team along with the strength and experience of a worldwide network which has been in place for over seven years."

ALPNET is a worldwide supplier of translation services, with 27 offices in 10 countries on 3 continents. ALPNET supplies its customers with language translation, product localization, language interpreting, language training, and multilingual desktop publishing and printing services.

CONTACT: ALPNET Inc., Salt Lake City

D. Kerry Stubbs, 801/265-3300