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EXHIBIT 99
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CONTACT:
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MEDIA INVESTOR or
Kathy Shuman Ronald W. Kaiser Robert Capozzi
Director of Public Relations Chief Financial Officer Vice President, Investor Relations
OTG Software, Inc. OTG Software, Inc. OTG Software, Inc.
301-897-1400 x.491 301/897-1404 301/581-4462
[email protected] [email protected] [email protected]
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FOR IMMEDIATE RELEASE
OTG SOFTWARE REAFFIRMS 2001 GUIDANCE
BETHESDA, MD., DECEMBER 14, 2000 - OTG Software, Inc. (NASDAQ:OTGS), a
software developer of online storage, data access and email management
solutions, today confirmed discussions with securities analysts, in which the
Company affirmed that it remains comfortable with analyst consensus
expectations for 2001, including revenue and EPS estimates of approximately
$60 million and $0.20, respectively.
ABOUT OTG SOFTWARE
Headquartered in Bethesda, Maryland, OTG Software is a provider of online
storage management and access solutions, including a dynamic email management
solution. OTG's software enables enterprises to store, track and retrieve data
over a variety of network architectures, including the Web and storage area
networks. Through its application-centric product suite, OTG offers a Web and
e-commerce solution that provides robust functionality across many industries.
OTG empowers storage by combining storage with access and email management.
OTG's products support over 600 storage devices, are easy to install and use,
and can manage storage systems ranging in size from a single storage device to
an enterprise-wide network storage system. OTG Software's products are used by
over 7,600 organizations worldwide and are available through a network of over
300 VARs, distributors, and OEMs. For more information, visit the Company's
web site at www.otg.com or call 800-324-4222.
# # #
This press release contains forward-looking statements within the meaning of
the federal Private Securities Litigation Reform Act of 1995. Statements
contained herein that are not statements of historical fact may be deemed to
be forward-looking information. Without limiting the foregoing, references to
future growth or expansion are forward-looking, and words such as
"anticipates," "believes," "could," "estimate," "expect," "intend," "may,"
"might," "should," "will," and "would" and other forms of these words or
similar words are intended to identify forward-looking information. You should
read statements that contain these words carefully because they discuss our
future expectations, contain projections of our future results of operations
or of our financial position or state other forward-looking information. There
may be events in the future that we are not able to predict or control
accurately, and any forward-looking statements are subject to risks and
uncertainties that could cause our actual results to differ materially. These
risks and uncertainties include: (i) the ability to recruit and retain
qualified technical and other personnel in a highly competitive market, (ii)
market acceptance of our new and future products, (iii) the growth and
adoption rate of Windows NT and Windows 2000, (iv) growing competition and (v)
our ability to maintain and manage our growth. For additional information
regarding risk factors that could affect our future results, please refer to
the discussions of "Risk Factors" in our Form 10-Q for the quarter ended
September 30, 2000, filed with the SEC on October 20, 2000, and our Form S-1/A
Registration Statement Amendment filed on November 19, 2000.
