ISCO International First Quarter 2005 Revenue Better Than
Forecast at $3.3 Million; Second Quarter Backlog $1.5 million
ELK GROVE VILLAGE, Ill., April 4 /PRNewswire-FirstCall/ -- ISCO International,
Inc. (AMEX:ISO), a leading global supplier of RF management and
interference-control solutions for the wireless telecommunications industry,
forecast First Quarter 2005 revenue to be approximately $3 million during
February 2005. The Company announced today that it exceeded its projection
with revenue of approximately $3.3 million. Additionally, the Company
announced that the backlog of customer orders for Second Quarter 2005 delivery
was approximately $1.5 million as of March 31, 2005.
(Logo: http://www.newscom.com/cgi-bin/prnh/20010321/CGW036LOGO ) "Coming in 10% higher than expected in the first quarter and continuing our
momentum into the second quarter reflects the significant strides being made by
the company," said Mr. John Thode, President and CEO of ISCO. "To be clear, we
see these results as steps down the path toward our goal -- we are not
satisfied with simply raising the bar. We will provide more detailed first
quarter results later this month. I look forward to sharing our bottom line
results, particularly our cash flow results, at that time." Safe Harbor Statement Because the Company wants to provide investors with meaningful and useful
information, this news release contains, and incorporates by reference, certain
"forward-looking statements" that reflect the Company's current expectations
regarding the future results of operations, performance and achievements of the
Company. The Company has tried, wherever possible, to identify these
forward-looking statements by using words such as "anticipates," "believes,"
"estimates," "expects," "plans," "intends" and similar expressions. These
statements reflect the Company's current beliefs and are based on information
currently available to it. Accordingly, these statements are subject to
certain risks, uncertainties and contingencies, which could cause the Company's
actual results, performance or achievements to differ materially from those
expressed in, or implied by, such statements. These factors include, among
others, the following: the Company's ability to protect its intellectual
property; market acceptance of the Company's technology; the spending patterns
of wireless network operators in connection with the build out of 2.5G and 3G
wireless systems; the Company's ability to obtain additional financing in the
future; the Company's history of net losses and the lack of assurance that the
Company's earnings will be sufficient to cover fixed charges in the future;
uncertainty about the Company's ability to compete effectively against better
capitalized competitors and to withstand downturns in its business or the
economy generally; continued downward pressure on the prices charged for the
Company's products due to the competition of rival manufacturers of front-end
systems for the wireless telecommunications market; the timing and receipt of
customer orders; the Company's ability to attract and retain key personnel; and
the risk of legal proceedings. A more complete description of these risks,
uncertainties and assumptions is included in the Company's filings with the
Securities and Exchange Commission, including those described under the heading
"Risk Factors" in the Company's Annual Report on Form 10-K. You should not
place undue reliance on any forward-looking statements. The Company undertakes
no obligation to release publicly the results of any revisions to any such
forward-looking statements that may be made to reflect events or circumstances
after the date of this Report or to reflect the occurrence of unanticipated
events.
Web site: http://www.iscointl.com/ http://www.newscom.com/cgi-bin/prnh/20010321/CGW036LOGO http://photoarchive.ap.org/ DATASOURCE: ISCO International, Inc.
CONTACT: Mr. Frank Cesario of ISCO International, Inc., +1-847-391-9492, Web site: http://www.iscointl.com/
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