SafeNet Announces Fourth Quarter and Full Year 2006 Preliminary Financial Results Date - Company Reaffirms Previous Financial Guidance.BALTIMORE -- SafeNet, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :SFNT), setting the standard for information security, will release and discuss its fourth quarter and full year 2006 financial results on February 27, 2007. The conference call is scheduled for 5:00 pm ET. Management is reiterating its previously disclosed financial guidance. This guidance includes revenues from product shipments and services: * Q4 2006: $78 million to $82 million * FY 2006: $288 million to $292 million * Q1 2007: $67 million to $70 million * FY 2007: $318 million to $326 million This guidance excludes the impact of the revenue restatements disclosed on January 9, 2007. "While we haven't closed the books, it is looking like we will finish 2006 in a strong position. At the same time, we are encouraged by the growth in pipeline and backlog. These are trendlines SafeNet has not experienced in some time," said Walter Straub, Chairman and Interim 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. . "As such, we have reason to have further confidence in our business. These growth trends are particularly encouraging in light of the fact that they have occurred alongside strong revenue performance in the midst Adv. 1. in the midst - the middle or central part or point; "in the midst of the forest"; "could he walk out in the midst of his piece?" midmost of the restatement process." To join SafeNet in the conference call, dial 1-800-510-9836 and use passcode 39835519 within 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. . If you are calling from outside the U.S., please dial 1-617-614-3670 and use the same passcode. The conference call will also be available via live webcast on SafeNet's Investor Relations Investor relations The process by which the corporation communicates with its investors. Web site at www.safenetinvestor.com. A replay of the conference call will be immediately available via webcast on SafeNet's Investor Relations site. About SafeNet, Inc. SafeNet (NASDAQ: SFNT) is a global leader in information security. Founded more than 20 years ago, the company provides complete security utilizing its encryption technologies to protect communications, intellectual property and digital identities, and offers a full spectrum of products including hardware, software, and chips. UBS UBS Union Bank of Switzerland UBS United Bible Societies UBS United Blood Services UBS United Buying Service UBS Used Bookstore UBS University Business Services UBS Universal Building Society (UK) UBS Ulaanbaatar Broadcasting System , Nokia, Fujitsu, Hitachi, ARM, Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. , NetGear, the Departments of Defense and Homeland Security, Adobe, Samsung, Texas Instruments, the U.S. Internal Revenue Service and scores of other customers entrust their security needs to SafeNet. For more information, visit www.safenet-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 The statements contained in this release, which are not historical facts, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are subject to uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. Important factors that could cause actual results to differ materially are included but are not limited to those listed in Eracom technologies AG and SafeNet's periodic reports and registration statements filed with the Securities and Exchange Commission and neither company assumes any obligation to update information concerning its expectations. Editor's Note: SafeNet is a registered trademark of SafeNet, Inc. All other trademarks are the property of their respective owners. |
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