CIMNET Earnings and Revenues Beat Expectations.Business Editors/Hi-Tech Writers ROBESONIA, Pa.--(BUSINESS WIRE)--April 18, 2001 CIMNET CIMNET Center for Information Management Network (R), Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CIMK) today announced that it anticipates beating expectations for revenues and earnings for its first quarter ended March 31, 2001. Revenues for the quarter were $1.125 million, slightly above the previously released range of $1.0 million to $1.1 million. Earnings for the quarter were also higher than the initial range of $100 to $125 thousand, with actual earnings at $140 thousand, or $.02 per share. CIMNET attributes the solid results for the first quarter to several key orders awarded in the Manufacturing Execution System – Manufacturing execution system (MES) describes a set of integrated functions within a packaged software system or it can also describe the accumulated functionality within the production management infrastructure of a manufacturing or production company. (MES (Manufacturing Execution Software) Software that provides real time access to plant activities that include equipment, labor, orders and inventory. An MES integrates the data with enterprise resource planning (ERP) systems so that management has complete control of ) market. "With the recent award of a major four-site MES project 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. , we are achieving substantial growth in our business. We hope to continue to secure large MES contracts in our various markets to continue to grow our company," said John Richardson, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of CIMNET. About CIMNET: CIMNET designs, markets and integrates software for manufacturing facilities. CIMNET's products allow manufacturing companies to schedule and monitor work flow in real time and reduce operating costs by improving quality of products being produced. CIMNET's proprietary products, FOLDERs(TM), Infolink and DNC DNC Democratic National Committee DNC Democratic National Convention DNC Do Not Call DNC Delaware North Companies DNC Domain Name Commissioner DNC Direct Numerical Control DNC Do Not Change DNC Does Not Compute DNC Digital Nautical Chart Professional(TM), are used by discrete and process manufacturers in the aerospace, automotive, medical device, food and beverage F&B is a common abbreviation in the United States and Commonwealth countries, including Hong Kong. F&B is typically the widely accepted abbreviation for "Food and Beverage," which is the sector/industry that specializes in the conceptualization, the making of, and delivery of foods. and consumer packaged goods industries. For more information about CIMNET products or services, go to their website at www.cimnetinc.com. This press release contains certain forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934. When used in this release, the words "believe," "anticipate," "think," "intend," "plan," "will be," "expect," and similar expressions identify such forward-looking statements. Such statements regarding future events and/or the future financial performance of the Company are subject to certain risks and uncertainties which could cause actual events or the actual future results of the Company to differ materially from any forward-looking statement. Such risks and uncertainties include, among other things, the availability of any needed financing, the Company's ability to implement its business plan for various applications of its technologies, the impact of competition, the management of growth, and the other risks and uncertainties that may be detailed from time to time in the Company's reports or registration statements filed with The Securities and Exchange Commission. In light of the significant risks and uncertainties inherent in the forward-looking statements included herein, the inclusion of such statements should not be regarded as a representation by the Company or any other person that the objectives and plans of the Company will be achieved. |
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