BluePoint Data Storage Reports 82% Revenue Growth and 57% Gross Profit Margins in 2005.BOCA RATON, Fla. -- BluePoint blue·point also blue point n. A small oyster (Crassotrea virginica) found chiefly in coastal waters of the eastern United States and usually eaten raw. Data Storage, Inc. (Pink Sheets: BLPDF) (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension Venture: BLP BLP Barbados Labour Party BLP Bible Literacy Project BLP Bypass Label Processing (IBM) BLP Buddhist Liberal Party (Cambodia) BLP Bonded Logistics Park BLP Borland Learning Partner ), an established provider of Managed Storage, Availability and Data Protection Services, announced 82% growth in Revenue from $1,070,000 in Fiscal 2004, to $1,950,000 in Fiscal 2005 (fiscal year ending December 31st). In addition, the Company reports a 165% increase in gross profit margins Gross profit margin Gross profit divided by sales, which is equal to each sales dollar left over after paying for the cost of goods sold. gross profit margin A measure calculated by dividing gross profit by net sales. from $422K in 2004, to $1.1M in 2005. Gross profit margins for the year increased from 39% in 2004, to 57% in 2005. The company also increased its Earnings Before Interest, Depreciation, and Amortization (EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) A metric used to show a company's profitability, but not its cash flow. EBITDA became popular in the 1980s to show the potential profitability of leveraged buyouts, but has become ) by $539K from a deficit of ($67K) in 2004 to a surplus of $472K in 2005. This amount was reinvested to fuel future growth in 2006 and beyond. The 2005 net loss of ($297K) versus ($1.7M) in 2004 was mostly a result of Depreciation expense of $715K ($1.6M in 2004). Depreciation in these years related mainly to assets acquired in 2001, that have now been completed amortized. Earnings Per Share (EPS (Encapsulated PostScript) A PostScript file format used to transfer a graphic image between applications and platforms. EPS files contain PostScript code as well as an optional preview image in TIFF, WMF, PICT or EPSI, the latter being an ASCII-only format. ) improved from a negative (US$0.14) in Fiscal 2004 to only ($0.02) in Fiscal 2005 on Weighted Average Shares Outstanding of 19,571,430 for 2005 versus 12,568,142 for 2004. There are currently 22,211,704 common shares outstanding as of the date of this release (23,363,370 fully-diluted). About BluePoint Data Storage BluePoint delivers managed data protection, availability and recovery solutions that ensure the protection and availability of corporate data and information technology systems while reducing the total cost of ownership. BluePoint manages these systems with unparalleled storage and networking expertise, guarantees high performance and availability, and ensures systems are on par with the current state-of-the-art. 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. This release may contain forward-looking statements that involve risks and uncertainties. These statements may involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of BluePoint or industry results to be materially different from any future results, performance or achievement expressed or implied by such forward-looking statements. Such factors include, among others, the following: general economic and business conditions, demographic changes, regulation, major technology changes, timing of product introductions, competition and the ability of BluePoint to attract and retain key employees. The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. has neither approved nor disapproved the contents of this press release. |
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