Astea Announces Positive Outlook Throughout 2001.Business Editors/Hi-Tech Writers HORSHAM Horsham (hôr`shəm), town (1991 pop. 38,356) and district, West Sussex, SE England. Horsham is known primarily for its agricultural and merchandising activities, but it also serves as an engineering center. , Pa.--(BUSINESS WIRE)--April 3, 2001 Astea International Inc. (Nasdaq:ATEA) today announced sales and earnings guidance for 2001, forecasting profitability every quarter and net income for the year of approximately $2.5 million to $3 million or $0.17 to $0.20 per share. Revenues from new licenses of the Company's AllianceEnterprise Customer Relationship Management (CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. ) software are projected to grow approximately 200% in 2001. AllianceEnterprise license sales for the first quarter of 2001 are currently on target to meet projections of approximately $2.0 million for the quarter, compared to $0.65 million in the first quarter of 2000. Additional revenues from related software maintenance and professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. for Astea's products are also forecasted to increase but at a lower rate of growth than for software licenses In computing, software that is copyrighted and licensed under a software license is done under a variety of licensing schemes. For end-users there are proprietary licenses and there are free software licenses, and there are proprietary Within these schemes are further classifications. . The revenue forecast does not include source code sales for Astea's legacy system software that continues to be deployed by over 200 companies worldwide. The Company attributes its improving performance to the culmination of a multi-year corporate transformation initiative that realigned its products and services in the CRM marketplace. Outlook for 2001 -- The Company forecasts profitability in each quarter of fiscal year 2001 -- License revenues for AllianceEnterprise in the first quarter of 2001 will be approximately $2.0 million compared to $0.65 million in the first quarter of 2000, representing an increase of approximately 200% -- The Company expects to increase working capital each quarter in 2001 -- The Company's balance sheet is essentially debt-free and no significant outside financing is expected -- Cash per share was $0.59 at December 31, 2000 and is forecasted to increase 10% to 15% by the end of 2001 and another 10% to 15% in 2002 -- An increase in cash between $2.5 million and $3.5 million is expected from operations in 2001 Astea International Inc. (www.astea.com) specializes in service-centric Customer Relationship Management (eCRM) software solutions used by companies in multiple industries to improve productivity, revenue and customer interaction. Astea has over twenty years TWENTY YEARS. The lapse of twenty years raises a presumption of certain facts, and after such a time, the party against whom the presumption has been raised, will be required to prove a negative to establish his rights. 2. of experience with automating customer-facing processes and supports a global client base. Astea markets its products through direct and indirect sales and services networks throughout North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Europe Europe (y  r`əp), 6th largest continent, c.4,000,000 sq mi (10,360,000 sq km) including adjacent islands (1992 est. pop. 512,000,000). and the Asia-Pacific.
(c)2001 Astea International Inc. Astea is a registered trademark and AllianceEnterprise eCRM Suite is a trademark of Astea International Inc. All other company and product names contained herein are trademarks of the respective holders. "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. " Statement Under 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 1995: The statements contained in this release that are not purely historical are forward looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, including statements regarding the Company's expectations, beliefs, hopes, intentions or strategies regarding the future. 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. include statements regarding future sales, profitability, cash flow, liquidity, market growth, and competition. All forward-looking statements included in this release are based upon information available to the Company as of the date hereof here·of adv. Of this. hereof Adverb Formal or law of or concerning this Adv. 1. hereof - of or concerning this; "the twigs hereof are physic" , and the Company assumes no obligation to update any such forward-looking statement. Actual results could differ materially from the Company's current expectations. Factors that could contribute to such differences include overall trends affecting the growth of the CRM marketplace; the rate of market acceptance of the company's new product; fluctuations in quarterly operating results due to competition, the length of our sales cycles, customer timing decisions or other factors; our ability to continue to develop new products and services to meet the rapid competitive cycles of our industry; our ability to maintain the growth in the number of partnership and reseller An organization that sells hardware and software to the general public. Resellers purchase products from software publishers and hardware manufacturers. agreements; our ability to continue to develop a professional services business; and our ability to attract and retain key talent. These and other factors are described in our filings with the SEC, including our report on Form10-K for year the ended December 31, 2000. |
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