Dataguard announces financial results for 1995.LOUISVILLE Louisville (l  `ēvĭl), city (1990 pop. 269,063), seat of Jefferson co., NW Ky., at the Falls of the Ohio; inc. 1780. , Ky.--(BUSINESS WIRE)--April 3, 1996--Dataguard Recovery
Services, Inc. announced its consolidated financial results for its
final quarter and year ended December December: see month. 31, 1995.These results also include the operations for its European European emanating from or pertaining to Europe. European bat lyssavirus see lyssavirus. European beech tree fagussylvaticus. European blastomycosis see cryptococcosis. subsidiary, Twinsys, a leading provider of computer disaster backup services in France which was acquired in February 1995. The Company reported revenues of $2,235,549 and $8,927,183 and a net loss of ($64,803) and net income of $41,967 for the three month period and year ended December 31, 1995, respectively. This compares to revenues of $1,277,332 and $4,615,535 and net income of $92,565 and $6,313 for the same periods last year. The increase in revenue and net income in 1995 is attributable to the operations of Twinsys. Richard W. Smith, President of Dataguard, noted that, "1995 was an extraordinary year for Dataguard. We successfully entered the European disaster recovery market through the acquisition of Twinsys, the leading provider of disaster recovery services to Bull users in Europe. Bull computers represent a much larger share of the data processing data processing or information processing, operations (e.g., handling, merging, sorting, and computing) performed upon data in accordance with strictly defined procedures, such as recording and summarizing the financial transactions of a market in Europe than in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , and European users are increasingly recognizing the need for disaster recovery plans. These factors enhance the prospects for future growth by Twinsys. Dataguard continues to be the leading disaster recovery provider to Bull users in North America, and our strategy is to use that experience to offer new services that meet a wider range of customer needs. The Company is already providing outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management. services, which should provide an additional source of revenue throughout 1996." Dataguard is a Louisville, Ky. based company which markets disaster recovery services to users of large-scale computers throughout 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. , Canada and Europe. The Company's stock trades in the over-the-counter market over-the-counter market Trading in stocks and bonds that does not take place on stock exchanges. Such trading occurs most often in the U.S., where requirements for listing stocks on the exchanges are strict. . -0-
Dataguard Recovery Services, Inc.
Summary of Operations
Three months ended December 31: 1995 1994 Revenues $2,235,549 $1,277,332 Net income (loss) (64,803) 92,565 Income (loss) per share $ (.02) $ .01 Twelve months ended December 31: 1995 1994 Revenues $8,927,183 $4,615,535 Net income 41,967 6,313 Income (loss) per share $ -- $ (.01) CONTACT: Dataguard Recovery Services, Inc., Louisville Richard W. Smith or Dewey D. Minton, Jr., 502/426-3434 |
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