Optika Inc. Announces Preliminary Q1 2004 Financial Results
April 05 2004 - 8:00AM
PR Newswire (US)
Optika Inc. Announces Preliminary Q1 2004 Financial Results First
Quarter Revenue Expected to Exceed Original Guidance Range COLORADO
SPRINGS, Colo., April 5 /PRNewswire-FirstCall/ -- Optika(R) Inc. ,
a leading Enterprise ContentManagement provider of imaging,
workflow, collaboration and records management software, today
updated revenue guidance for the first quarter of fiscal 2004,
ended March 31, 2004. The company expects revenue for the first
quarter to be approximately $5.6 million, which exceeds the revenue
guidance originally provided on Jan. 20, 2004. Conference Call
Scheduled for April 8, 2004 Optika management will hold a
conference call to discuss the company's first quarter financial
results on April 8 at 9:00 a.m. Eastern Time. To access the
conference call, dial (973) 582-2767 by 8:50 a.m. Eastern Time. A
replay of the conference call will be available until April 22. To
access the recording, dial (973) 341-3080, passcode: 4651054. A
live webcast of the conference call will also be available via the
company's Web site at http://www.optika.com/. About Optika
Headquartered in Colorado Springs, Colo., Optika Inc (NASDAQ:OPTK)
is a leading provider of imaging, workflow, collaboration and
records management software. Optika's Acorde(TM) family of
Enterprise Content Management (ECM) solutions allows companies to
streamline their business processes, eliminate paper and increase
operational efficiencies. The company's more than 2000 customers
worldwide include The Home Depot, Merrill Lynch, Georgia-Pacific,
Bayer Corporation, Turner Broadcasting Systems, Airborne Express,
and SBC Communications. For more information about Optika and the
Acorde product family, contact the company at 719.548.9800 or visit
http://www.optika.com/. Cautionary Statement Regarding
Forward-Looking Statements This document contains forward-looking
statements that are subject to risks, uncertainties and other
factors that could be deemed forward-looking statements and could
causeactual results to differ materially from those referred to in
the forward-looking statements. All statements other than
statements of historical fact are statements that could be deemed
forward- looking statements. For example, statements of expected
synergies, industry ranking, timing of closing, market or customer
needs, organizational structure and execution of integration plans
are all forward-looking statements. Risks, uncertainties and
assumptions include the possibility that the Stellent/Optika merger
does not close or that the companies may be required to modify
aspects of the transaction to achieve regulatory approval or that
prior to the closing of the proposed merger, the businesses of the
companies suffer due to uncertainty; the market for the sale of
certain products and services may not develop as expected; that
development of these products and services may not proceed as
planned; that Optika and Stellent are unable to transition
customers, successfully execute their integration strategies, or
achieve planned synergies; lack of market acceptance of the
Stellent and Optika suite of products, failure of the market for
enterprise content management software to develop and grow as
quickly as expected; delays and difficulties in introducing new
products and enhancements to address the needs of specific vertical
markets; the introduction of new products or services by
competitors that could delay or reduce sales; the failure of
reseller and OEM programs to develop as expected; the impact of
world and geopolitical events on sales cycles and transaction
closure rates; and actual or perceived declining economic
conditions that could negatively affect sales and profits; other
risks that are described from time to time in Stellent and Optika's
Securities and Exchange Commission reports. If any of these risks
or uncertainties materializes or any of these assumptions proves
incorrect, Stellent and Optika's results could differ materially
from either company's expectations in these statements. All
forward-looking statements in this press release are made as of the
date hereof, based on information available to Optika as of the
date hereof, and Optika assumes no obligation to update or revise
any of its forward-looking statements even if experience or future
changes show that the indicated results or events will not be
realized. Additional Information and Where to Find It In connection
with the proposed merger, Stellent (NASDAQ:STEL) and Optika have
filed a joint proxy statement/prospectus with the Securities and
Exchange Commission. INVESTORS AND SECURITY HOLDERS OF STELLENT AND
OPTIKA ARE URGED TO READ THE JOINT PROXY STATEMENT/PROSPECTUS AND
OTHER RELEVANT MATERIALS BECAUSE THEY CONTAIN IMPORTANT INFORMATION
ABOUT STELLENT, OPTIKA AND THE PROPOSED MERGER. Investors and
security holders may obtain without charge copies of the joint
proxy statement/prospectus and other relevant materials and any
other documents filed by Stellent or Optika with the Securities and
Exchange Commission at the SEC's web site at http://www.sec.gov/. A
free copy of the joint proxy statement/prospectus and other
relevant materials, and any other documents filed by Stellent or
Optika with the SEC, may also be obtained from Stellent and Optika.
In addition, investors and security holders may access copies of
the documents filed with the SEC by Stellent on Stellent's website
at http://www.stellent.com/. Investors and security holders may
obtain copies of the documents filed with the SEC by Optika on
Optika's website at http://www.optika.com/. Information Concerning
Participants Each of Stellent and Optika and their respective
officers and directors may be deemed to be participants in the
solicitation of proxies from their respective stockholders in favor
of the transaction. Information about the directors and executive
officers of Stellent may be found in Stellent's definitive proxy
statement for its 2003 annual meeting of stockholders and in
Stellent's annual report on Form 10-K for the fiscal year ended
March 31, 2003. Information about the directors and officers of
Optika may be found in Optika's definitive proxy statement for its
2003 annual meeting of stockholders and in Optika's annual report
on Form 10-K for the fiscal year ended December 31, 2003. In
addition, information regarding the interests of Optika's officers
and directors in the transaction has been included in the joint
proxy statement/prospectus. DATASOURCE: Optika Inc. CONTACT: Betty
Wiggins of Optika Inc., +1-719-260-4388; Jim Fanucchi of Summit IR
Group, +1-408-404-5400, or , for Optika Inc. Web site:
http://www.optika.com/ http://www.stellent.com/
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