Conolog Anticipates 240% Increase in Annual Revenues for Fiscal 2000.Business/Technology Editors SOMERVILLE, N.J.--(BUSINESS WIRE)--April 17, 2000 Conolog Corporation (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 :CNLG)(NASDAQ:CNLGW), an engineering and design company that provides digital signal processing See DSP. Digital Signal Processing - (DSP) Computer manipulation of analog signals (commonly sound or image) which have been converted to digital form (sampled). solutions (DSP (1) (Digital Signal Processor) A special-purpose CPU used for digital signal processing applications (see definition #2 below). It provides ultra-fast instruction sequences, such as shift and add, and multiply and add, which are commonly used in math-intensive ), announced today that expects to end fiscal 2000 with revenues of $6.0 million, an increase of 240% over 1999 year-end revenues. The Company anticipates revenues for the third quarter, ending April 30, of $1.6 million, a 176% increase over revenues for the same period in 1999. The Company also expects a 154% increase in third quarter earnings over the same period last year, and a projected quarterly 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. ) of $.02. Nine-month revenues are expected to reach $4 million, an increase of 218% over 1999 nine-month revenues. The projected nine-month EPS is $.02, an increase of 500%. Robert Benou, Conolog's president, commented, "While quarterly and annual data include non-recurring items, the past year has been one of great significance and profitable activity for our company. Throughout the remainder of fiscal 2000 we will continue with the development strategy that has served us so well." Conolog Corporation is an engineering and design company primarily engaged in providing engineering and technical personnel, and manufacturing a line of digital signal processing systems, including transmitters, receivers and multiplexers, under the INIVEN trade name. 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. in this release are made pursuant to the "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. " provisions of 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. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the Company's products, increased levels of competition, new products introduced by competitors, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission. |
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