DataMetrics Corporation Reports 74% Sales Growth in First Quarter.Business Editors ORLANDO, Fla.--(BUSINESS WIRE)--March 26, 2002 DataMetrics Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : DMTR DMTR Dounreay Materials Testing Reactor DMTr dimethoxytriphenylmethyl chloride ) announced today a 74% increase in sales for the first quarter of its fiscal year 2002 over previous period to $1.494 Million. The results are contained in the Company's form 10-Q Form 10-Q See 10-Q. for the quarter ending January 27, 2002, which was filed with the SEC yesterday. DataMetrics reported a $34,000 profit from operations during the quarter, as opposed to a loss from operations of $876,000 during the same period the previous year. The Company further reported a net loss in the quarter of $156,000 or $0.004 per share of common stock, compared to a net loss of $140,000 or $0.01 during the same period last year. "The first quarter was a busy time for us," said DataMetrics President and 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. Daniel Bertram, "we executed the license agreement with 3M, and acquired Peripheral Equipment Corporation (PEC), which has since been moved from California and integrated into our Orlando operation." "The 3M license agreement is part of the plan to de-emphasize our non-profitable commercial businesses," added Mr. Bertram, "while the PEC acquisition affirms our commitment to growth in the military/defense market." DataMetrics Corporation is a leading manufacturer of ruggedized computers, printers, peripherals and integrated systems for government, military/defense and aerospace markets. DataMetrics also designs, develops and manufactures high-speed color, non-impact printers/plotters for specialized industrial applications. DataMetrics Corporation is headquartered in Orlando, Florida. Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements 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. These statements involve risks and uncertainties, such as quarterly fluctuations in operating results, the timely availability of new products, the impact of competitive products and pricing, and other risks detailed in the Company's filing with the Securities and Exchange Commission, including the Company's Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the fiscal year ended October 28, 2001. These risks and uncertainties could cause actual results to differ materially from any forward-looking statements made in this press release. |
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