CE Software, Inc. Reports Second-Quarter Results
Remaining assets being liquidated following sale of operations
West Des Moines, Iowa, November 10, 2004 -- CE SOFTWARE, INC. (OTC Symbol:
CESF) today announced results for its second quarter ended March 31, 2004.
CE Software reports a net loss of $74,000, or $5.09 per share, for its second quarter of fiscal 2004 on revenues of $195,000. For the same quarter a year ago, the company reported a net loss of $143,000, or $9.85 per share, on operating revenues of $295,000.
"Our net loss for the quarter was primarily the result of reduced revenues following the sale of the QuickMail software product in December 2003," said John S. Kirk, president of CE Software, Inc. "Operations were also affected by the efforts expended in preparation for the contingent sale of the remaining operations to Startly Technologies, LLC on April 1, 2004. This sale remains subject to shareholder approval. The lease on our premises at 1801 Industrial Circle in West Des Moines was terminated March 31, 2004. Since April 1 the Company has been operating with minimal staff. The Company has had no operating revenues since the contingent sale on April 1, 2004. We do not expect any future operating revenue if the contingent sale and the proposed liquidation of the Company are approved by shareholders. General and administrative expenses are continuing."
John S. Kirk continued, "We are continuing to work on the proposed liquidation that was discussed in our press release of April 13, 2004. The company's operations were sold on April 1, 2004 to Startly Technologies, LLC, subject to shareholder approval. For prior press releases, more information, and to ask questions, 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, and ask to be put on the 'shareholder news' mailing list. We have also set up a Web page for shareholder questions and our responses [here]."
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
© Copyright 2004 CE Software, Inc. All rights reserved. QuicKeys and QuickConference are U.S. registered trademarks of CE Software, Inc. InOut Tracker, TransLucy, CE Software, CE and the CE Software logo are trademarks of CE Software, Inc. or its assigns. All other brand or product names are trademarks of their respective owners.