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FOR RELEASE Tuesday, May 15, 2001, 8:00
AM EDT
Company Contact:
John S. Kirk
President
CE Software, Inc.
john.kirk@cesoft.com
(515) 221-1801
CE Software, Inc. Reports Second-Quarter
Results
West Des Moines, Iowa, May 15, 2001 -- CE SOFTWARE, INC. (OTCBB Symbol:
CESW) today announced financial results for its second quarter ended March 31, 2001.
CE Software reports a net loss of $272,000, or $0.23 per share, for the quarter.
The same quarter a year ago saw a net loss of $305,000, or $0.27 per share. Revenues
were $400,000 for the quarter ended March 31, 2001, compared to $735,000 for the
same quarter a year ago.
"We are currently working on new products which we expect will, in part,
replace the declining QuickMail revenue," said John S. Kirk, president. "We
have already begun marketing QuickConference. The formal acquisition of QuickConference
was approved by our shareholders at the annual shareholder meeting held on March
23, 2001."
"We also anticipate announcing a new version of QuicKeys for the Macintosh
OS X operating system this summer. We are continuing our commitment to develop software
to enhance user productivity for small and mid-sized businesses."
Since 1981, CE Software, Inc. has developed automation utilities and e-mail software
that save time and effort for millions of Microsoft Windows 95/98, Windows NT/2000
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. QuickMail, QuicKeys,
QuickConference, 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.
CE SOFTWARE, INC.
Condensed Statements of Operations
(In thousands, except per share data)
Three Months Ended Six Months Ended
March 31, March 31,
2001 2000 2001 2000
----- ----- ----- -----
Net revenues $400 $735 $894 $1,650
Cost of revenues 84 219 168 433
----- ----- ----- -----
Gross profit 316 516 726 1,217
Operating expenses 576 820 1,177 1,567
----- ----- ----- -----
Operating loss (260) (304) (451) (350)
Other expense (12) (1) (7) (7)
----- ----- ----- -----
Net loss (272) (305) (458) (357)
===== ===== ===== =====
Net loss per share (.23) (.27) (.39) (.32)
Weighted average common shares 1,175 1,131 1,165 1,131
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