The
acquisition is consistent with Detto's
previously announced commitment to a strategy
of growing revenues while increasing profitability
and diversifying its channels of distribution
and products.
"While
we have experienced significant growth
to date, we expect the acquisition by
Detto to accelerate that growth through
the retail channel as we gain access to
their current and future products,"
said Channel Access president, Royce Bybee.
"Detto's products have already proven
themselves in the tough OEM space."
"Not
only will owning Channel Access immediately
expand Detto's baseline revenues by more
than 25% and add significantly to our
profitability, but it will also provide
direct access to the important retail
channel through which we can make our
products available," said Larry Mana'o,
Founder and CEO of Detto. "Furthermore,
by taking advantage of a direct retail
channel, coupled with Channel Access'
own continued organic growth, we expect
2006 to be a breakout year, with continued
50%+ revenue and earnings growth based
on this acquisition alone. It also adds,
in Royce Bybee, another talented professional
to the Detto management team."
Prior to founding Channel Access, Royce
Bybee was the Chief Operating Officer
for AccessData Corp., a computer forensic
company, where he was instrumental in
tripling sales in a three year period.
Bybee
was senior vice president of sales and
marketing for PowerQuest Corporation and
Caldera Systems, Inc. From 1989 to 1994,
he held senior positions at WordPerfect
Corporation.
Bybee
has won numerous awards throughout his
career including the Million Dollar Award
for technology salesmanship. He was an
All-American quarterback for Ricks College
and played quarterback for both Brigham
Young University and the Los Angeles Raiders.
He holds a bachelor's degree in business
management finance from Brigham Young
University.
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
About Channel Access
Channel Access distributes utility software
for WhiteCanyon, WriteExpress and GetData,
among other software manufacturers. The
Company's products can be found in leading
retailers such as Best Buy, CompUSA, Office
Depot, Fry's, Amazon.com and MicroCenter.
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
