Detto
Reduces Product Costs
Forty
percent cost reduction reflected throughout
product line
Bellevue,
Washington - August 23, 2005
Detto Technologies (OTCBB: DTTO) announced
today that its cost reduction program,
announced last week in association with
the closing of a $1.5 million round of
financing, has been already realized with
this week's shipment from China of the
company's flagship product, IntelliMover®,
at a cost that is more than 40% less than
the cost of product that shipped in the
second quarter. Similar cost reductions
have been achieved for other Detto products.
"We've
achieved this important goal through a
combination of utilizing investment dollars
to increase our buying power, packaging
redesign and taking advantage of the technology
cost curve," said Detto CEO, Larry
Mana'o. "This new cost structure,
had it been in place for the whole 2004
fiscal year, would have turned our 2004
net operating loss of $120,000 into a
net operating profit."
"As
we continue to grow our revenues and control
period costs, these kinds of product cost
savings will have even a greater positive
effect on our profitability as we continue
to focus on maximizing operating results
for 2005 and beyond," added Mana'o.
About
Detto Technologies
Detto Technologies, the leading provider
of migration technology for consumer and
corporations, utilizes its advanced technology
to enable the transfer of data, files,
preferences and personal settings - the
profile or "personality" of
a computer user - from an old computer
to a new one. IntelliMover®,
Detto Technologies' flagship product,
provides for the intelligent transfer
and integration of settings, preferences
and files quickly, simply and cost-effectively.
Detto markets its products primarily through
OEMs like Dell, HP-Compaq, Gateway and
Apple, as well as through most major retail
outlets through a third-party vendor.
Corporate headquarters is in Bellevue,
Washington. More information can be found
at www.detto.com
Forward
Looking Statements:
This press release contains "forward-looking
statements" within the meaning of
the Private Securities Litigation Reform
Act of 1995. These forward-looking statements
may include statements relating to Detto's
anticipated financial performance, business
prospects, new developments and similar
matters, and/or statements preceded by,
followed by or that include the words
"believes," "could,"
"expects," "anticipates,"
"estimates," "intends,"
"plans," or similar expressions.
These forward-looking statements are based
on management's current expectations and
assumptions, which are inherently subject
to uncertainties, risks and changes in
circumstances that are difficult to predict.
Actual
results may differ materially from those
suggested by the forward-looking statements
due to a variety of factors, including
changes in business, political, and economic
conditions due to the threat of future
terrorist activity or otherwise, actions
and initiatives by current and potential
competitors, and certain other additional
factors described in Detto's filings with
the Securities and Exchange Commission.
Other unknown or unpredictable factors
also could have material adverse effects
on Detto's future results, performance
or achievements.
In
light of these risks, uncertainties, assumptions
and factors, the forward-looking events
discussed in this press release may not
occur. You are cautioned not to place
undue reliance on these forward-looking
statements, which speak only as of the
date stated, or if no date is stated,
as of the date of this press release.
Detto is not under any obligation and
does not intend to make publicly available
any update or other revisions to any of
the forward-looking statements contained
in this press release to reflect circumstances
existing after the date of this press
release or to reflect the occurrence of
future events even if experience or future
events make it clear that any expected
results expressed or implied by those
forward-looking statements will not be
realized.
Press contact:
Valerie Chan: 206-352-8814
Investor
Relations contact:
Bill Glynn: 425-201-5006
Investor
Awareness:
Tony Schor: 847-945-2222
