DVI Will Report Fiscal Fourth Quarter and Year-End Results Friday, September 27, 2002.Business Editors/Health & Medical Writers JAMISON, Pa.--(BUSINESS WIRE)--Sept. 25, 2002 DVI (1) (Digital Video Interactive) An earlier compression technique that provided up to 72 minutes of full-screen video on a CD-ROM. Acquired by Intel in 1988 from RCA's Sarnoff Research labs, Princeton, NJ, DVI never caught on. , Inc. (NYSE NYSE See: New York Stock Exchange :DVI), an independent specialty finance company for healthcare providers worldwide, today reported that it intends to announce its operating results for its fourth quarter and fiscal year on Friday, September 27, 2002. A net loss is anticipated for the fiscal year in the range of $3.4 million to $4.4 million with an after-tax loss for the fourth quarter in the range of $6.5 million to $7.5 million. Included in the loss for the quarter is approximately $5.6 million in charges for de-emphasized business activities, the valuation of other real estate owned Real Estate Owned Property owned by a lender - usually a bank - after an unsuccessful sale at a foreclosure auction. This is common because most of the properties up for sale at these auctions are worth less than the total amount owed to the bank: the minimum bid in most and for the operations related to healthcare companies in which DVI has an ownership interest. The fourth quarter charges are primarily non-cash adjustments. After giving effect to these results, DVI expects that its book value per share at June 30, 2002 will be approximately $15.50, or about the same as at the end of the previous fiscal year. Following the release of results on Friday, a conference call will be held with management. The time and telephone number for the conference call will be provided in a separate press release. DVI is an independent specialty finance company for healthcare providers worldwide. The Company extends loans and leases to finance the purchase of diagnostic imaging and other therapeutic medical equipment directly and through vendor programs throughout the world. DVI also offers lines of credit for working capital backed by healthcare receivables 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. . Additional information is available at www.dvi-inc.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 Any statements contained in this press release, which are not historical facts, are 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. . Such statements are based upon many important factors, which may be outside the Company's control, causing actual results to differ materially from those suggested. Such factors include, but are not limited to, legislative and regulatory changes in general, including such changes affecting the healthcare industry, demand for DVI's services, pricing, market acceptance, the effect of economic conditions, litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. , competitive products and services, corporate financing arrangements, the ability to complete transactions, and other risks identified in the Company's filings with the Securities and Exchange Commission. |
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