eLinear Announces It Achieved Record Revenue of Over $3 Million
for a Single Month and Projects Second Quarter 2005 Revenue in Excess of $8.5
Million
HOUSTON, June 14 /PRNewswire-FirstCall/ -- eLinear, Inc. (AMEX:ELU) announces
that it achieved over $3 million in revenue during May, accounting for its
largest single month revenues since inception and accordingly, the company
projects its fiscal 2005 second quarter revenue to be in excess of $8.5
million.
Michael Lewis, Chief Executive Officer & President of eLinear, stated, "While
we do not typically provide mid quarter updates or even quarterly projections
and do not anticipate doing so in the future, we believed this was significant
enough to announce as it validates that we are on track in achieving our 2005
projections of $32-36 million in revenues and operating profitability during
the fourth quarter." Ramzi Nassar, Chief Strategy Officer of eLinear, added, "A solid pipeline and
healthy revenue growth are only part of the great things happening for eLinear
today ... margins have been expanding in-line with what we planned for 2005 in
order to deliver on our forecast and on driving shareholder value." eLinear is hosting a conference call today at 4:45 PM EST to discuss the
positive recent developments in its business as well as to give an update on Q2
2005 and its year-end projections. The call will be open to the public and
will include brief commentary by management followed by a question and answer
session.
Dial In Information
Dial In # 800.299.9630
International Dial In # 617.786.2904
Participant Passcode 96233963 Webcast Link (during call and for replay)
http://phx.corporate-ir.net/playerlink.zhtml?c=108106&s=wm&e=1085847 About eLinear, Inc. eLinear, Inc. is a communications, security and compliance company providing
integrated technology solutions including information and physical security, IP
Telephony and network and storage solutions infrastructure. Typically, the
company's customers are Fortune 2000 and small to medium sized business
organizations. eLinear's services are offered to companies seeking to increase
productivity or reduce costs through investing in technology. eLinear has a
national and international footprint and has its headquarters in Houston,
Texas. For more information, see http://www.elinear.com/.
Safe Harbor Statement This press release contains statements that may constitute forward-looking
statements, including the company's ability to realize the projected revenues
from the newly announced project orders and the future strength of the
company's business and industry. These statements are based on current
expectations and assumptions and involve a number of uncertainties and risks
that could cause actual results to differ materially from those currently
expected. For additional information about eLinear's future business and
financial results, refer to eLinear's Annual Report on Form 10-KSB for the year
ended December 31, 2004, which was filed with the SEC on March 18, 2005 and
eLinear's Q1 2005 Report filed with the SEC on May 20, 2005. eLinear
undertakes no obligation to update any forward-looking statement that may be
made from time to time by or on behalf of the company, whether as a result of
new information, future events or otherwise.
Contact:
eLinear, Inc., Houston
Brian Stanton, 713-896-0500
e-mail: DATASOURCE: eLinear, Inc.
CONTACT: Brian Stanton of eLinear, Inc., Houston, +1-713-896-0500, Web site: http://www.elinear.com/
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