Captaris Announces Preliminary Revenue Results for Third Quarter 2007
October 11 2007 - 4:48PM
PR Newswire (US)
BELLEVUE, Wash., Oct. 11 /PRNewswire-FirstCall/ -- Captaris, Inc.
(NASDAQ:CAPA), announced today that it expects to report revenue of
approximately $23 million for the third quarter ending September
30, 2007. These estimates update earlier revenue estimates of $27
to $28 million for the third quarter announced on August 2, 2007.
Captaris cited the economic weakness in the financial services
sector and lower than expected performance from channel partners in
North America as the principal factors for the revenue shortfall.
The Company did not provide earnings per share guidance for the
third quarter. Captaris expects to release its full financial
results for the third quarter and hold its regularly scheduled
quarterly conference call on November 1. About Captaris, Inc.
Captaris, Inc. is a leading provider of software products that
automate business processes, manage documents electronically and
provide efficient information delivery. The products of Captaris
and its subsidiary Castelle, including Captaris RightFax, Captaris
Workflow, Captaris Alchemy and the Castelle FaxPress line of
products, are distributed through a global network of leading
technology partners. We have customers in financial services,
healthcare, government and many other industries, and our products
are installed in all of the Fortune 100 and many Global 2000
companies. Headquartered in Bellevue, Washington, Captaris was
founded in 1982 and is publicly traded on the NASDAQ Global Market
under the symbol CAPA. For more information please visit
http://www.captaris.com/. The following are registered trademarks
and trademarks of Captaris: Captaris, Alchemy, RightFax and
Captaris Workflow. FaxPress is a trademark of Castelle. All other
brand names and trademarks are the property of their respective
owners. Certain statements in this press release are
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995, including, without
limitation, statements regarding our plan to repurchase shares
under our stock repurchase plan. Forward-looking statements include
all passages containing verbs such as "aims," "anticipates,"
"estimates," "expects," "intends," "plans," "predicts," "projects"
or "targets" or nouns corresponding to such verbs. Forward-looking
statements also include any other passages that are primarily
relevant to expected future events or that can only be evaluated by
events that will occur in the future. Forward-looking statements
are based on the opinions and estimates of the management at the
time the statements are made and are subject to certain risks and
uncertainties that could cause actual results to differ materially
from those anticipated in the forward-looking statements. Factors
that could affect Captaris' actual results include, among others,
the impact, if any, of stock-based compensation charges, the
potential failure to maintain and expand Captaris' network of
dealers and resellers or to establish and maintain strategic
relationships, inability to integrate recent and future
acquisitions, inability to develop new products or product
enhancements on a timely basis, inability to protect our
proprietary rights or to operate without infringing the patents and
proprietary rights of others, and quarterly and seasonal
fluctuations in operating results. More information about factors
that potentially could affect Captaris' financial results is
included in Captaris' quarterly reports on Form 10-Q filed in 2007,
and most recent annual report on Form 10-K filed with the
Securities and Exchange Commission. Readers are cautioned not to
place undue reliance upon these forward-looking statements that
speak only as to the date of this release. Except as required by
law, Captaris undertakes no obligation to update any
forward-looking or other statements in this press release, whether
as a result of new information, future events or otherwise.
DATASOURCE: Captaris, Inc. CONTACT: Erika Simms, Treasury Analyst
of Captaris, Inc., +1-425-638-4048, ; or Todd Kehrli or Jim Byers,
Investor Relations of MKR Group, Inc., +1-323-468-2300, , both for
Captaris, Inc. Web site: http://www.captaris.com/
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