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Announcement - posted on August 28, 2003.
 

CE Software, Inc. Reports Third-Quarter Results

West Des Moines, Iowa, August 28, 2003 -- CE SOFTWARE, INC. (OTC Symbol: CESF) today announced results for its third quarter ended June 30, 2003.

CE Software reports a net loss of $92,000, or $6.32 per share, for the quarter. The same quarter a year ago saw a net loss of $28,000, or $1.95 per share. Revenues were $283,000 for the quarter ended June 30, 2003, compared to $432,000 for the same quarter a year ago.

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 most recent 10-QSB and 10-KSB reports that were filed.

"We have a sale of our building and some personal property pending for $1,000,000," said John S. Kirk, President. "Closing on the sale is anticipated within sixty days. We are negotiating with the buyer to lease a portion of the space for our continuing operations. Management is also investigating a corporate action that would result in the liquidation of the corporation and a sale of the continuing operations. A buy-out by one or more of the current employees has been proposed to the Board of Directors."

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 last quarterly Form 10-QSB that has been filed.

Balance Sheets        Statements of Operations        Statement of Cash Flow

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© 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.

Company Contact:
John S. Kirk, President
CE Software, Inc.
john.kirk@cesoft.com
(515) 221-1801

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