FOR RELEASE Monday, February 17, 2003, 8:00 AM EST
John S. Kirk
CE Software, Inc.
CE Software, Inc. Reports First-Quarter Results
West Des Moines, Iowa, February 17, 2003 -- CE SOFTWARE,
INC. (OTCBB Symbol: CESW) today announced results for its first quarter ended December
CE Software reports a net loss of $118,000, or $0.08 per share,
for its first quarter of fiscal 2003 on revenues of $345,000. For the same quarter
a year ago, the company reported a net loss of $162,000, or $0.11 per share, on operating
revenues of $348,000.
"The company's revenues were approximately the same as a year
ago, but the expense reductions during the past twelve months resulted in a reduced
loss," said John S. Kirk, president of CE Software, Inc. "In the next few
months we anticipate the release of a major upgrade to our desktop productivity product,
QuicKeys X for Mac OS X."
Since 1981, CE Software, Inc. has developed productivity software,
automation utilities and e-mail software that save time and effort for millions of
Microsoft Windows and Macintosh users. For more information: (515) 221-1801 or www.cesoft.com
This release contains forward-looking information that is subject
to certain risks, trends and uncertainties and actual developments may differ materially
from those projected. For a discussion of important factors that could affect the
Company's results, the reader is encouraged to refer to the Company's annual report
on Form 10-KSB and quarterly Form 10-QSB.
© Copyright 2003 CE Software, Inc. All rights reserved. QuickMail,
QuicKeys and QuickConference are registered trademarks of CE Software, Inc. InOut
Tracker, CE Software, CE and the CE Software logo are trademarks of CE Software,
Inc. All other brand or product names are trademarks of their respective owners.
CE SOFTWARE, INC.
Condensed Statements of Operations
(In thousands, except per share data)