FOR RELEASE Tuesday, December 31, 2002, 8:00 AM EST
John S. Kirk
CE Software, Inc.
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.
(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.