AuthentiDate Holding Corp. Announces Results for Fiscal Year Ended June 30, 2001.Business Editors SCHENECTADY, N. Y.--(BUSINESS WIRE)--Sept. 26, 2001 AuthentiDate Holding Corp. ("AHC AHC Appalachian Hardwood Center AHC American Heritage Center (University of Wyoming, Laramie, WY) AHC American Horse Council AHC Association for History and Computing AHC Australian Heritage Commission AHC Assault Helicopter Company ") (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ADAT (Alesis Digital Audio Tape) A digital audio recording technology from Alesis, LLC, Cumberland, RI (www.alesis.com). In 1992, Alesis introduced the first 8-track digital tape recording system. ) announced its results for the year ended June 30, 2001. Consolidated sales were $17.9M for the year ended June 30, 2001 compared to $15.3M for the year ended June 30, 2000. The sales increase is due to an increase in sales in our DJS Marketing Group, Inc. (DJS) subsidiary where sales increased 20% from $9.7M to $11.6M. The DocStar Division also realized improved sales increasing 12% over the prior year from $5.6M to $6.2M. AuthentiDate, Inc., AuthentiDate Holding Corp.'s Trusted Content Authentication (1) Verifying the integrity of a transmitted message. See message integrity, e-mail authentication and MAC. (2) Verifying the identity of a user logging into a network. services provider, expects to start generating revenue during the first half of the current fiscal year. AuthentiDate, Inc. has announced strategic agreements with major companies such as IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , Software AG, RSA (1) (Rural Service Area) See MSA. (2) (Rivest-Shamir-Adleman) A highly secure cryptography method by RSA Security, Inc., Bedford, MA (www.rsa.com), a division of EMC Corporation since 2006. It uses a two-part key. , Entrust, E-Lock and Datum The singular form of data; for example, one datum. It is rarely used, and data, its plural form, is commonly used for both singular and plural. and is currently working with each of them to expand sales opportunities. AHC expects significant revenues to result from these and other agreements currently under negotiation. AuthentiDate Holding Corp. incurred a net loss of $9.3M ($0.63 per share) for the year ended June 30, 2001 compared to $5.3M ($0.49 per share) for the year ended June 30, 2000. The increase in the loss is due to losses incurred by AuthentiDate, Inc. The AuthentiDate business incurred significant expenses for compensation and benefits, professional fees, programming expenses, public relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most , amortization, rent, advertising and marketing. John Botti Raphael Jose Botti (born February 23, 1981) simply known as Botti, is a Brazilian professional footballer. He plays as a midfilder for Vissel Kobe. Botti is a hard-working and talented player who may not get on the scoresheet too often – just 14 times in his five years , Chairman of AuthentiDate Holding Corp. stated, "Our AuthentiDate, Inc. subsidiary has made significant strides in establishing itself as a leader in providing electronic verification of information with true evidentiary ev·i·den·tia·ry adj. Law 1. Of evidence; evidential. 2. For the presentation or determination of evidence: an evidentiary hearing. Adj. 1. status. Our agreements with some of the most prestigious names in electronic commerce validate our emphasis on this business opportunity. We are pleased by AuthentiDate's acceptance and anticipate significant new business opportunities to arise as awareness of the need to ensure a document's originality grows."
Year Ended June 30,
2001 2000
Sales $17,860,544 $15,289,738
Gross profit 4,710,743 3,365,157
Loss from operations (9,495,260) (5,316,568)
Net loss (9,340,103) (5,274,043)
Net loss per share (0.63) (0.49)
About AuthentiDate Holding Corp. The Company sells a complete line of document imaging products under the DocStar nameplate and through its subsidiary DJS Marketing Group/Computer Professionals International, performs computer integration services and sells computer products. The Company's AuthentiDate subsidiary sells authentication software products and services. About AuthentiDate - "The Trusted Content Authority'" As businesses move towards a rapidly increasing number of paperless transactions, AuthentiDate is positioning itself as the Trusted Content Authority. AuthentiDate's patent-pending technology addresses the need for the verification of digital information in all business processes. The AuthentiDate solution eliminates the possibility of the alteration of any electronic file without detection, enabling users to authenticate (1) To verify (guarantee) the identity of a person or company. To ensure that the individual or organization is really who it says it is. See authentication and digital certificate. (2) To verify (guarantee) that data has not been altered. a file's originality with true evidentiary status, insured to protect all parties. By "AuthentiDating" electronic files, customers are provided a time and date stamped record of a file's content. At any time in the future, they are able to check a document, spreadsheet, e-mail, digital image and digital recording against the stored AuthentiDate code, to prove its originality. This press release contains forward-looking statements that involve risks and uncertainties. AHC's actual results could differ materially from the results discussed herein as a result of factors which include, but are not limited to, that there is no assurance that: (i) the Company will be successful in implementing its Authentidate(TM) and DocStar(TM) business plan (ii) the Company will not be adversely affected by continued intense competition in the computer industry or (iii) other risks set forth from time to time in the AHC filings with the Securities and Exchange Commission. |
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