Dicom Imaging Systems Reports First Quarter Earnings; Company Achieves Profitability.Business Editors LAS VEGAS--(BUSINESS WIRE)--May 17, 2000 Company Officially launches "CompuCam" at American Academy of Cosmetic Dentistry The American Academy of Cosmetic Dentistry (AACD), founded in December 1984, is the world's largest organization for cosmetic dental professionals. The AACD stated mission is as follows: offering educational opportunities; promoting and supporting an accreditation And Increases Distribution of Flagship Product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. imagExplorer Dicom Imaging Systems, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: DCIM DCIM Digital Camera Images DCIM Duke Center for Integrative Medicine (Durham, NC) DCIM Discrete Complex Image Method DCIM Display Control Interface Module DCIM Digital Camera Image Management DCIM Digital Camera Images Managing ) today reported earnings for the quarter ended March 31, 2000. Revenues for the quarter ended March 31, 2000 increased to $748,228 from $0 during the same period last year. Gross profit increased to $612,837 for the three months ended March 31, 2000 from $98,163 for the year ended December 31, 1999. Net income for the quarter ended March 31, 2000 rose to $319,115 or $.01 per share from a loss of ($305,394) or ($.03) per share for the quarter ended March 31, 1999. Dicom showed an increase from ($1,055,996) or ($.17 per share) for the year ended December 31, 1999 to $319,115 or $.01 per share for the three months ended March 31, 2000. In addition the company recorded deferred revenue of $964,103. Assets increased to $1,151,528 at March 31, 2000 from $158,822 at December 31, 1999. The Company concurrently announced that it was successful in distribution of in excess of 1200 copies of its flagship imagExplorer product to members of the dental profession in the U.S at the recent trade shows attended. Dicom assisted in the launch of its recently appointed UK distributor at the Dentistry dentistry, treatment and care of the teeth and associated oral structures. Dentistry is mainly concerned with tooth decay, disease of the supporting structures, such as the gums, and faulty positioning of the teeth. 2000 conference in the United Kingdom which is the largest congregation of Dental professionals in the U.K. In addition, Dicom participated in the Standards Committee on Dental Informatics Dental informatics is the application of computer and information science to improve dental practice, research, education and management. During the last forty years it has developed into a research discipline of significant scale and scope. sponsored by the American Dental Association American Dental Association (ADA), n.pr a nonprofit professional association whose membership is dental professionals in the United States. Its purpose is to assist its members in providing the highest professional and ethical care to the citizens of the and attended the Spring Scientific Session of the California Dental Association. Dicom was well represented at the American Association of Orthodontists The American Association of Orthodontists, or AAO, is an American advocate group for orthodontists. Most American orthodontists, about 95 percent, are members. They are also dentists and are members of the American Dental Association. , the 16TH Annual Scientific Session of the American Academy of Cosmetic Dentistry and the genR8TNext meeting and Trade Show. Dr. David Gane, Chief Executive Officer and President, stated: "Dicom Imaging Systems was extremely well received during the spring trade show conferences. Our attendance resulted in a number of potential distribution and reseller agreements as well as product introductions, exposure and name recognition." "This forward momentum coupled with the filing of our Form 10-Q Form 10-Q See 10-Q. reflecting positive earnings, poise the Company for prosperity, increasing shareholder value and positioning as a global solution provider to the dental and medical industries." Gane concluded. Dicom Imaging Systems is a provider of DICOM (Digital Imaging Communications in Medicine) compliant imaging software to the dental industry. Additionally, Dicom will provide DICOM compliant imaging software to the medical industry. Dicom intends to set the standard of Dicom compliance in the dental arena by distributing a complimentary copy of its Dental Imaging Suite(TM) to dental professionals, laboratories, educational facilities and dental equipment manufacturers and dealers, through direct mail and through partnering arrangements. Add-on software modules, service and support contracts, and select hardware devices will be marketed through subsequent telephone and e-commerce sales. For more information, visit Dicom's website at www.dicom-image.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. This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and section 21E of the Exchange Act of 1934, as amended by public law 104-67 and is subject to safe harbor by these sections. Actual results, performance or achievements could differ materially from those anticipated in such forward-looking statements, which involve numerous risks and uncertainties. |
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