SAN JOSE, Calif. (11/04/02) - Pumatech, Inc. (NASDAQ NM: PUMA), the leading provider of synchronization software and services, expects to announce the first revenue increase in its past seven fiscal quarters when Q1 2003 earnings are released later this month. The Company attributes the expected revenue increase primarily to sales growth in its enterprise channels and Japan.
"I'd like to thank Pumatech's employees for working diligently to turn the tide and boost our quarter-to-quarter revenue, despite difficult market conditions," said Pumatech President and CEO Woodson (Woody) Hobbs. Pumatech's management will offer detail on its first quarter fiscal 2003 results during its investor conference call on Nov. 21, 2002. Details of the conference call are provided below.
INVESTOR CONFERENCE CALL
Pumatech management will discuss first quarter fiscal 2003 results and hold a question-and-answer session for investors on Nov. 21, 2002, at 5 p.m. Eastern / 2 p.m. Pacific. To participate, call 1-706-643-0341 a few minutes ahead of time (no passcode required). If you are unable to participate, a replay will be available from 8 p.m. Eastern on Nov. 21, 2002 for 48 hours. To access, please dial 1-800-642-1687, or 1-706-645-9291 (international), reservation number 6528063. In addition, the replay will be available for 90 days via the Internet at www.pumatech.com.
ABOUT PUMATECH, INC
Pumatech, Inc. (NASDAQ: PUMA) provides organizations with a comprehensive suite of software products and services that synchronizes and distributes critical information throughout an enterprise. Organizations can choose to use Pumatech's ready-made enterprise offerings, or they can leverage Pumatech's professional services team to create custom solutions built upon Pumatech's core enterprise platform. Pumatech's customer and strategic partner base includes Global 2000 companies such as Siebel, Oracle, Yahoo!, NTT DoCoMo, Boeing, CNET and General Motors. The company has headquarters in Silicon Valley, Tokyo and London. Pumatech offers more information on its products and services at www.pumatech.com.
The forward looking statements above in this news release, including statements related to expected and actual first quarter fiscal 2003 financial results, are based on current expectations and beliefs, are preliminary based on initial results subject to continued review both internally and by Pumatech's auditors, and are subject to numerous risks and uncertainties that could cause actual results to differ materially, as discussed in the "Risk Factors" section of Pumatech's Annual Report on Form 10-K for the year ended July 31, 2002 and Pumatech's quarterly reports filed from time to time with the U.S. Securities and Exchange Commission. Pumatech disclaims any obligation to update any forward-looking statements as a result of developments occurring after the date of this press release.
Pumatech and the Pumatech logo are trademarks of Pumatech, Inc., that may be registered in certain jurisdictions. All other product and company names may be trademarks their respective owners.