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WESTLAKE VILLAGE, Calif--August 14, 2007 -- CaminoSoft Corp. (OTC.BB:CMSF - News), today announced improved results for its fiscal third quarter ended June 30, 2007 --- reflecting strong OEM, technology and channel partner, and end-user customer demand for the company’s Information Lifecycle Management (ILM) software products.
For the fiscal third quarter, the company reported a net loss of $66,872, or less than $0.01 per share, compared with a net loss of $486,626, or $0.03 per share a year ago. Net sales for the same period climbed 93 percent to $694,561from $360,463 last year.
For the nine months, the company reported a net loss of $409,554, or $0.03 per share, compared with a net loss of $1,043,494, or $0.08 per share, a year earlier. Net sales for the same period jumped 28.4 percent to $1,734,045 from $1,350,687 in the same period a year ago.
The company anticipates fiscal year 2007 results will be consistent with the nine-month period ended June 30, represented by sales increases and further decreases in total operating expenses.
CaminoSoft continues to focus on increasing growth and enhancing shareholder value by capitalizing on its information life cycle management technology. At the same time, the company is currently pursuing potential transactions to enhance its existing and future business. The company indicated that ongoing demand for data archiving and storage management software has strengthened its close technology partnerships and distribution relationships with industry-leaders such as EMC, IBM, CA, Network Appliance, HP, and Hitachi Data Systems. CaminoSoft has recently announced product certifications with new storage partners, including Xyratex, Plasmon, Permabit, and RAID.
About CaminoSoft
CaminoSoft Corp. 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 2000/2003 and Novell NetWare, and NetApp Filer 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.
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
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