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FOR RELEASE Tuesday, December 31, 2002, 8:00 AM EST
Company Contact:
John S. Kirk
President
CE Software, Inc.
john.kirk@cesoft.com
(515) 221-1801

 

CE Software, Inc. Reports Fourth-Quarter and Year-End Results
Much improved fiscal year results

West Des Moines, Iowa, December 31, 2002 -- CE SOFTWARE, INC. (OTCBB Symbol: CESW) today announced financial results for its second quarter ended September 30, 2002.

CE Software reports a net profit of $2,000, or $0.00 per share, for its fourth quarter of fiscal 2002 on revenues of $425,000. For the same quarter a year ago, the company reported a net loss of $468,000, or $0.32 per share, on operating revenues of $318,000.

For the fiscal year 2002, CE Software reports a net loss of $221,000, or $0.15 per share, with operating revenues of $1,653,000. For the previous fiscal year, the net loss was $1,213,000, or $0.93 per share, on operating revenues of $1,547,000.

"The company's revenues increased this past year after years of declining revenues. This was accomplished while realizing substantial expense reductions," said John S.Kirk, president of CE Software, Inc. "For the year 2003, we are continuing development of our products, particularly our desktop productivity product, QuicKeys, as well as new products. The refinancing of our headquarters during 2002 has allowed us to continue development of our software products, though at a slower rate in keeping with the economy."

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 Form 10-SB, annual report on Form 10-KSB and quarterly Form 10-QSB.

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(c) Copyright 2001 CE Software, Inc. All rights reserved. QuicKeys, QuickMail 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.

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