CSI - The Center for Data Warehousing Files Form 8-K/A
April 01 2004 - 11:50AM
PR Newswire (US)
CSI - The Center for Data Warehousing Files Form 8-K/A EAST
HANOVER, N.J., April 1 /PRNewswire-FirstCall/ -- Conversion
Services International, Inc. (CSI-The Center for Data Warehousing)
(BULLETIN BOARD: CSII.OB) ("CSI") announced today that it filed its
Form 8-K/A with the Securities and Exchange Commission. Revenues
decreased from $16,200,000 for the year ended December 31, 2002 to
$14,400,000 for the year ended December 31, 2003. The decrease was
attributable primarily to the soft market in information technology
consulting services that existed in 2003. Scott Newman, President,
Chief Executive Officer and Chairman, said, "Our fourth quarter had
an increase in revenues over the third quarter of 2003, which leads
us tobelieve that our business strategy which we began in the first
quarter of 2003 is gaining traction. Further confirmation is the
fact that we have landed some major projects with Fortune 500
companies beginning last month. We believe that we are in the
beginning of a strong year of growth, and this, coupled with our
acquisition strategy, should give rise to some exciting times for
CSI and its stockholders." About Conversion Services International,
Inc. CSI-The Center for Data Warehousing is a leading provider of a
new category of professional services that embraces IT management
consulting, data warehousing, business intelligence consulting and
e-Business solutions. CSI offers an array of products and services
to help companies define, develop and implement the warehousing and
strategic use of both enterprise-wide and specific categories of
strategic data. CSI's current customers include Verizon Wireless,
Morgan Stanley, Pfizer, Goldman Sachs, Merck and Standard &
Poor's. Information about CSI-The Center for Data Warehousing can
be found on the web at http://www.csiwhq.com/ or by calling its
corporate headquarters at 888-CSI- 5036. Note on Forward-Looking
Statements Statements contained in this press release, which are
not historical facts, are forward-looking statements as that term
is defined in the Private Securities Litigation Reform Act of 1995.
These forward-looking statements are based largely on current
expectations and are subject to a number of known and unknown
risks, uncertainties and other factors beyond our control that
could cause actual events and results to differ materially from
these statements. These statements are not guarantees of future
performance, and readers are cautioned not to place undue reliance
on these forward-looking statements, which speak only as of the
date of this release. CSI undertakes no obligation to update
publicly any forward-looking statements. DATASOURCE: CSI CONTACT:
Mitchell Peipert, Vice President and Chief Financial Officerof
Conversion Services International, Inc., +1-973-560-9400, Ext.
2088, Web site: http://www.csiwhq.com/
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