CE Software, Inc. Reports First-Quarter Results
West Des Moines, Iowa, March 31, 2006 -- CE SOFTWARE, INC. (OTC Symbol: CESF) today announced results for its first quarter ended December 31, 2005.
CE Software reports a pro forma net loss of $33,000, or $2.23 per share, for its first quarter of fiscal 2006 on pro forma operating revenues of none. For the same quarter a year ago, the company reported a pro forma net loss of $51,000, or $3.43 per share, on pro forma operating revenues of none.
"With the contingent sale of software products and other assets on April 1, 2004," said John S. Kirk, president of CE Software, Inc., "there was no revenue for the quarter ended December 31, 2005. The sale is contingent in that it is subject to approval of the shareholders. Since management anticipates that approval will be obtained, financial results are report accordingly on a pro forma basis. Additional information and comments on our current situation are included in our recent press release on March 16, 2006."
For our press release of March 16, 2006, and prior press releases, which include
more detailed financial information, and to ask questions and read answers, set your
Web browser to http://www3.cesoft.com/home/pressrelease-all.html or write to CE Software,
Inc., Shareholder Relations, P.O. Box 65580, W. Des Moines, IA 50265.
This release contains forward-looking information that is subject to certain risks, trends and uncertainties and actual developments may differ materially from those projected.
Balance Sheets Statements of Operations Statement of Cash Flow
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