Thursday, January 14, 1999
Ontrack Data International reports fourth quarter 1998 service revenuesONTRACK Data International, Inc. (Nasdaq: ONDI) today reported that service revenues for the fourth quarter are expected to be between $7.1 million and $7.2 million compared to $7.3 million for the same period a year ago. The company expects to report full results of operations for the fourth quarter and the year ended December 31, 1998 during the week of February 1, 1999.
“We are disappointed in the past few quarters' service revenues. Our ongoing strategy is to expand our data recovery solutions to include offerings for the widest possible range of customers by diversification, pursuit of new distribution channels and the addition of new products, such as our recently acquired Tiramisu product line,” said Michael Rogers, chairman and chief executive officer of ONTRACK.
Ontrack, the world leader in data recovery, specializes in services and software that help computer users access and recover their valuable data. Using hundreds of proprietary tools and techniques, Ontrack is able to recover lost or corrupted data from all operating systems and types of storage devices. Ontrack can be reached through its World Wide Web site at http://www.ontrack.com or by calling 800-872-2599 (612-937-5161). In addition to its Minneapolis headquarters, Ontrack operates customer service centers in Los Angeles, San Jose, Washington, D.C., New York, Tokyo, London, Paris and Stuttgart.
Statements in this release concerning the future prospects of Ontrack are “forward-looking statements” under the Federal securities laws. There can be no assurance that future results will be achieved, and actual results could differ materially from forecasts, estimates, and summary information contained in this press release. Important factors that could cause actual results to differ materially are included but are not limited to those listed in the Ontrack Annual Report incorporated by reference into the Form 10-K for the year ended December 31, 1997, under the caption “ Management's Discussion and Analysis of Financial Condition and Results of Operations -- Forward Looking Statements”.
Ben Blomberg, 952-516-3617, Ben.Blomberg@krolldiscovery.com