Detto
Technologies Reports First Quarter 2005
Results
Revenues
increase, bottom line improves dramatically
Bellevue,
Washington May 12, 2005 - Detto Technologies,
Inc. (OTCBB: DTTO) today announced financial
results for the fiscal quarter ending
March 31st, 2005. Revenue for the quarter
was $1.1 million, an increase of 10% from
the same quarter in the prior year. The
Company's net loss of $.01 per share or
$171,000 was greatly improved from the
same quarter in the prior year's loss
of $.05 per share or $314,000.
"Despite a tough second half of the
quarter for the computer industry, we
continue to grow our revenues quarter
to comparable quarter," said Larry
Mana'o, Detto's Chief Executive Officer
and Chairman. "Beside our base of
PC manufacturer customers such as Dell,
HP/ Compaq, Gateway and Apple, we now
have a strong presence in the retail market
as well as footholds in Europe and Japan.
Our flagship product, IntelliMover, is
now selling in six different languages
and on two operating system platforms,
i.e., Microsoft's Windows and Apple's
OSX."
"Once
again, revenues are up, while expenses
are down between comparable quarters.
We are committed to doing the unglamorous
things that are necessary to drive a growing
company into profitability, such as controlling
costs and expenses," said Bill Glynn
Detto's Chief Financial Officer. "We
continue to work toward broadening our
product offering as well as our customer
and geographic base. These are clear goals
for 2005".
About
Detto Technologies, Inc.
Detto Technologies, Inc., a leading provider
of migration technology for consumer and
corporations is focused on advanced technology
to enable migration of data and personal
settings - the profile of the computer
user. IntelliMover®, Detto Technologies'
flagship product, provides a software
solution to intelligently transfer and
integrate settings, preferences and files
from one computer to another quickly and
cost-effectively. Detto, mainly markets
its products through OEM's like Dell,
HP, Gateway and Apple and through most
major retail outlets. The corporate headquarters
is in Bellevue, Washington. Additional
information on the Company can be obtained
at www.detto.com
Forward Looking Statements:
This
press release contains forward-looking
statements that involve risks, uncertainties
and assumptions that if they never materialize
or prove incorrect, could cause Detto
Technologies, Inc.'s results to differ
materially from those expressed or implied
by such forward-looking statements. All
statements other than statements of historical
fact are statements that could be deemed
forward-looking statements, including
any projections of earnings, revenue,
or other financial items, any statements
of the plans, strategies, and objectives
of management for future operations, any
statements concerning proposed new products,
services or developments, any statements
regarding future economic conditions or
performance, statements of belief and
any statements of assumptions underlying
any of the foregoing. These statements
are based on expectations as of the date
of this press release. Actual results
may differ materially from those projected
because of a number of risks and uncertainties,
including those detailed from time totime
in Detto Technologies, Inc.'s reports
filed with the Securities and Exchange
Commission. Detto Technologies, Inc. does
not undertake to publicly update or revise
its forward-looking statements even if
experience or future changes make it clear
that any projected results (expressed
or modified) will not be realized.
Press
contacts:
Tony Schor 847-945-2222
Investor
Relation contacts:
Bill Glynn: 425-201-5006
