DataWave Announces Fiscal Year 1998 Results.VANCOUVER, BRITISH COLUMBIA--(BUSINESS WIRE)--June 4, 1998--DataWave Systems Inc (VSE See DOS/VSE. VSE - Virtual Storage Extended :DTV (Digital TeleVision) Transmitting TV using digital signals. The major DTV standards are ATSC (North America), DVB (Europe) and ISDB (Japan). All three use MPEG-2 video compression and Dolby Digital audio compression. DVB and ISDB also include MPEG audio compression. .) (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. :DWVSF) (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:DWVSF)(VSE:DTV.V): DataWave today announced financial results for the fiscal year ended March 31, 1998. Revenues of C$13,572,166 for the fiscal year ended March 31, 1998 presented an increase of 216 percent compared to C$4,288,661 for the fiscal year ended March 31,1997. Fourth quarter revenues equaled C$3,135,366, representing a 115 percent increase compared to C$1,457,617 for the same quarter last year. "1998 has been an important year at DataWave," said Clive Barwin, DataWave 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. . "We ended the year stronger and more focused, and reported profits for the first time in our five-year history."
Fiscal year Fiscal year 3 months 3 months
ended ended ended ended
March 31 March 31
1998 1997
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Revenue C$13,572,166 C$4,288,661 C$3,135,366 C$1,457,617
Percent
Increase 216 percent 115 percent
Income
(Loss) C$51,219 (C$5,059,932) (C$96,040) (C$2,762,371)
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Earnings
per
Share C$0.002 (C$0.26) (C$0.004) (C$0.13)
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DataWave Systems Inc. manufactures and distributes intelligent prepaid pre·pay tr.v. pre·paid, pre·pay·ing, pre·pays To pay or pay for beforehand. pre·pay  ment n. electronic merchandisers, delivering products through an
automated au·to·mate v. au·to·mat·ed, au·to·mat·ing, au·to·mates v.tr. 1. To convert to automatic operation: automate a factory. 2. retail distribution network. The company currently distributes its prepaid products in Canada and the U.S. On Behalf of the Board Clive Barwin, CEO
CONTACT: DataWave Systems Inc.
Peter Hough, 604/874-1302 ext. 301
604/874-1503 (FAX)
Email: info@datawave.ca
Website: http://www.datawave.ca
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