|
WESTLAKE VILLAGE, Calif--Jan. 3, 2006 (PRIMEZONE) --CaminoSoft Corp.
(OTC.BB:CMSF
-
News),
today announced strong
sales for its fiscal fourth quarter and record sales for the year ended September 30, 2005, reflecting the
benefits of a multi-year strategic turnaround plan and a focus on leveraging licensing and OEM partnerships.
Net sales for the fiscal fourth quarter jumped 74.3 percent to $584,834 from $335,562 a year earlier. For
the same period, the company reported a net loss of $243,655, or $0.02 per share, compared with a net loss
of $0.04 per share a year ago.
Net sales for the fiscal year doubled to $2.6 million from $1.3 million in fiscal 2004. The company reported
a significantly reduced net loss for fiscal 2005 of $770,409, or $0.06 per share, compared with a net loss of
$2.1 million, or $0.17 per share, a year earlier.
"Results for the year reflect strong sales increases of the company's Managed Server HSM software products --
underscoring steadily growing industry demand for storage capacity and a corresponding requirement to
economically and effectively manage data," said Stephen W. Crosson, chief financial officer and chief
operating officer.
Crosson noted that the company's multi-year strategic product development and turnaround plan has focused o
n completing certification of its HSM software products for such licensing and OEM partners as EMC, IBM
and Computer Associates. Deferred revenue, including prepaid royalties, climbed to approximately $1.3
million from $250,000, with approximately 59 percent derived from a private-label product for Computer
Associates. "Increasing revenues by utilizing the sales and marketing infrastructure of the company's OEM
and channel partners, rather than a direct sales approach, is one of the key components of the company's
growth strategy. With a software technology base that is storage hardware-agnostic and a total market
projected to exceed $70 billion for all storage segments in 2006 according to industry analysts, CaminoSoft
is well-positioned to further leverage its alliances with industry-leading technology and global channel
partners," Crosson said.
About CaminoSoft Corp.
CaminoSoft Corp. (OTC.BB:CMSF
) is a developer and manufacturer of software solutions that address the storage,
management, and safeguarding of vast quantities of data generated in a wide range of businesses and
applications. The company's Information Lifecycle Management solutions for Microsoft Windows(tm) 2000/2003
and Novell NetWare(tm) & GroupWise environments include comprehensive administrative policies that allow
organizations to reclaim storage resources, dramatically reduce backup and recovery time, control file
retention, and achieve regulatory compliance. CaminoSoft has established alliances with industry-leading
technology partners, and the company markets its Storage Management and High Availability solutions worldwide through commercial distributors, value-added resellers, and systems integrators. For further information, visit
www.caminosoft.com
| CaminoSoft Corp. |
| Consolidated
Statements of Operations |
|
|
|
|
|
|
For the |
For the |
|
Three Months Ended |
Year Ended |
|
September 30, |
September 30, |
|
(Unaudited) |
(Audited) |
|
2005 |
2004 |
2005 |
2004 |
|
---- |
---- |
---- |
---- |
|
Net Sales |
$ 584,834 |
$ 335,562 |
$ 2,637,201 |
$ 1,253,610 |
|
Cost of Sales |
71,586 |
40,443 |
213,423 |
247,515 |
| |
-------- |
-------- |
----------- |
---------- |
|
Gross Profit |
513,248 |
295,119 |
2,423,778 |
1,006,095 |
| |
|
|
|
|
|
Operating Expenses |
|
|
|
|
|
Sales and |
|
|
|
|
|
administrative |
547,696 |
694,746 |
2,438,708 |
2,655,657 |
|
Depreciation and |
|
|
|
|
|
amortization |
5,052 |
4,128 |
18,948 |
9,744 |
|
Research & |
|
|
|
|
|
Development |
109,840 |
81,420 |
473,830 |
284,410 |
| |
-------- |
------- |
--------- |
-------- |
| Total
Operating |
|
|
|
|
|
Expenses |
662,588 |
780,294 |
2,931,486 |
2,949,811 |
| |
|
|
--------- |
--------- |
| Loss
from |
|
|
|
|
|
Operations |
(149,340) |
(485,175) |
(507,708) |
(1,943,716) |
| |
------- |
------- |
-- ------- |
---------- |
| Other
Income & |
|
|
|
|
|
Expenses |
|
|
|
|
| Interest
expenses |
(94,319) |
(77,503) |
(262,717) |
(200,380) |
|
Interest income |
4 |
1 |
16 |
21 |
| |
----------- |
----------- |
----------- |
----------- |
| Total
Other Income |
|
|
|
|
|
(Expense) |
(94,315) |
(77,502) |
(262,701) |
(200,359) |
| |
----------- |
---------- |
----------- |
----------- |
|
Net Loss |
($
243,655) |
($
562,677) |
($ 770,409) |
($2,144,075) |
| |
======== |
========= |
========= |
========= |
|
Net loss per |
|
|
|
|
|
share (basic and |
|
|
|
|
|
diluted): |
($
0.02) |
($
0.04) |
($
0.06) |
($
0.17) |
| |
======== |
======== |
======== |
========= |
|
Weighted average |
|
|
|
|
|
common shares |
|
|
|
|
|
Outstanding |
|
|
|
|
|
(basic and |
|
|
|
|
|
diluted): |
13,551,082 |
13,462,750 |
13,506,795 |
12,390,202 |
| |
|
|
|
|
| |
========= |
========= |
========= |
========= |
This release may contain forward-looking statements that reflect the management’s current views of future events and operations. These forward-looking statements are based on assumptions and external factors, including assumptions relating to regulatory action, capital requirements and competing products. Any changes in such assumptions or external factors could produce significantly different results.
Contacts:
Richard Krueger
CaminoSoft Corp.
(805) 370-3100
or
Gary S. Maier/Crystal Warner
Maier & Company, Inc.
(310) 442-9852
|
