Announcement - posted on May 14, 2003.
CE Software, Inc. Reports Second-Quarter Results
West Des Moines, Iowa, May 14, 2003 -- CE SOFTWARE,
INC. (OTC Symbol: CESF) today announced results for its second quarter ended March
CE Software reports a net loss of $143,000, or $9.85 per share,
for its second quarter of fiscal 2003 on revenues of $295,000. For the same quarter
a year ago, the company reported a net loss of $31,970, or $2.20 per share, on operating
revenues of $449,000. Per share data has been restated to effect the 1-for-100 reverse
stock split effective after the close of business February 28, 2003.
Our financial statements are attached without the notes, since
on April 15, 2003 we terminated reporting obligations under the Securities Exchange
Act of 1934. These financial statements should be read in conjunction with the prior
quarter's 10-QSB and prior year's 10-KSB.
"This was not a good quarter," said John S. Kirk, president
of CE Software, Inc. "The company is considering steps to protect shareholder
value. On the bright side we are expecting the release of an upgrade to one of our
products in June. This should reduce the decline in revenues."
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.
Balance Sheets Statements of Operation Statement of Cash Flow
© Copyright 2003 CE Software, Inc. All rights reserved. QuickMail,
QuicKeys and QuickConference are U.S. 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.
John S. Kirk
CE Software, Inc.