ARKONA Announces Quarterly Results, Growth Continues at a Record Pace; Company Increases Revenues By 63% Over Previous Year.Business Editors/Automotive Writers NADA 2004 SALT LAKE CITY--(BUSINESS WIRE)--Jan. 27, 2004 ARKONA Inc. (ARKN), the leader in web-enabled dealer management solutions for the automobile industry automobile industry, the business of producing and selling self-powered vehicles, including passenger cars, trucks, farm equipment, and other commercial vehicles. , today announced record revenues for its third fiscal quarter. For the quarter ending December 31, 2003, the company reported earnings of $102,000 on revenues of $1,309,000, as compared to a loss of ($355,000) on revenues of $802,000 for the same period last year. "In a quarter which has traditionally produced slow growth, we are very pleased with our strong profits and record revenues. The 63% increase in revenues is a reflection of the strong demand we are experiencing in the marketplace for our products and services," said Alan Rudd, Chief Executive Officer. "Beginning last quarter and continuing through the end of our fiscal year ending March 31, 2004, we are making significant but prudent investments in technology and customer support infrastructure to grow the company at an even faster pace." In another first for the company, ARKONA has been invited to exhibit at the National Automobile Dealers Association convention, January 30th - February 2nd in Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. . Sponsors of the event are anticipating more than 26,000 convention attendees. ARKONA will maximize its marketing dollars by gaining access to thousands of automotive decision makers in one place at one time. About ARKONA Inc. ARKONA was the first to offer a true Application Services See ASP and Web services. Provider (ASP) solution for the automotive industry The automotive industry is the industry involved in the design, development, manufacture, marketing, and sale of motor vehicles. In 2006, more than 69 million motor vehicles, including cars and commercial vehicles were produced worldwide. and continues to be a market leader in providing innovative e-business solutions for automobile dealers. A public company, ARKONA was founded in 1996 and trades under the symbol ARKN. For more information visit ARKONA's Web site at www.arkona.com. This release may contain 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. as well as historical information. Forward-looking statements, which are included in accordance Accordance is Bible Study Software for Macintosh developed by OakTree Software, Inc.[] As well as a standalone program, it is the base software packaged by Zondervan in their Bible Study suites for Macintosh. with the "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995, may involve known or unknown risks, uncertainties and other factors that may cause the company's actual results and performance in future periods to be materially different from any future results or performance suggested by the forward-looking statements in this release. Such forward-looking statements speak only as of the date of this release. The company expressly disclaims any obligation to update or revise any forward-looking statements found herein to reflect any changes in company expectations or results or any change in events. |
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