Bridge Technology, Inc. Reports Revenues up for First Quarter.Business Editors & High-Tech Writers GARDEN GROVE Garden Grove, city (1990 pop. 143,050), Orange co., S Calif., a suburb of Long Beach and Los Angeles, on the Santa Ana River; founded 1877, inc. 1956. Many of its residents work in nearby aerospace and defense installations, and there is light manufacturing. , Calif.--(BUSINESS WIRE)--May 16, 2001 Bridge Technology, Inc. (Nasdaq:BRDG BRDG Bridge ) a data storage and communication components company, today announced their record revenues for the first quarter, ended March 31, 2001. Revenues for the first quarter of 2001 increased 27% to $27,790,364 -- as compared to first-quarter revenues of $21,750,963 for 2000. Net profit for the first quarter 2001 was $213,035 or $0.02 per basic share, compared with last year's loss of ($64,084) or ($0.01) per basic share. Management attributes the strong increase in revenues to its expanded manufacturing sales for its power supplies activities, and its channel marketing activities in China. "Despite the general slowdown in the U.S. market, we expect the Company's business to continue its growth path for the balance of 2001," stated John Harwer, President of the Company. "We remain optimistic op·ti·mist n. 1. One who usually expects a favorable outcome. 2. A believer in philosophical optimism. op about our forecast for both domestic and international business units. The Company is focused on growing its core business by developing additional new products supplemented by strategic acquisitions." About Bridge Technology, Inc. Bridge Technology, Inc. manufactures, markets, and distributes digital recording, storage and communication components primarily to long standing OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and customers. The company, with subsidiaries in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Japan, Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. , and China, is also a design innovator for the data, voice, multimedia, Internet and wireless communication industries. More information on Bridge Technology, Inc. may be obtained over the Internet at www.bridgeus.com. 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 of 1995: The statements contained in this release, which are not historical facts, may be deemed to contain forward-looking statements including, but not limited to, deployment of new services, growth of the customer base, and growth of the service area, among other items. Actual results may differ materially from those anticipated in any forward-looking statement with regard to magnitude, timing, or other factors. Deviation may result from risk and uncertainties, including, without limitation, the company's dependence on third parties, market conditions for the sale of services, technical factors affecting networks, availability of capital, and other risks and uncertainties. The company disclaims any obligation to update information contained in any forward-looking statement. |
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