UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): 1 November 1995
ALPNET, INC.
(Exact name of registrant as specified in its charter)
UTAH 0-15512 87-0356708
(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification
incorporation) Number)
4444 South 700 East, Suite #204
Salt Lake City, Utah 84107-3075
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (801) 265-3300
Former name or former address, if changed since last report: Not applicable.
Item 5. Other Events --- Press Release - ALPNET Announces Record Third Quarter
Results
1 November 1995 -- Salt Lake City, Utah. ALPNET, Inc. (NASDAQ: AILP), the
largest dedicated commercial provider of language translation and related
services to businesses, today announced results for the quarter ended 30
September 1995. Total revenues for the quarter were $7.4 million with net
income of $348,000 ($.015 per share) compared to revenues of $5.5 million with
net income of $25,000 or $.001 per share for the third quarter of 1994. For the
nine months ended 30 September 1995, total revenues were $19.8 million with net
income of $368,000 or $.016 per share compared to revenues of $14.6 million with
a net loss of $646,000 or $.036 per share for the nine months ended 30 September
1994.
Thomas F. Seal, ALPNET President and CEO, stated, "We are pleased to report our
sixth consecutive quarter of revenue growth representing a 35% increase over the
revenues reported for the third quarter of 1994. For the nine months ended 30
September 1995, revenues increased $5.2 million or 36% over the same period in
1994. The majority of this revenue growth is due to actual volume increases,
especially in our large European markets, with less than 25% being attributable
to the strength of foreign currencies in countries where the Company has
operations -- as compared to the US dollar. Our revenue growth has occurred in
the face of ongoing price competition in the market which continues to keep
prices near historically low levels. In spite of this price competition,
however, revenue growth has lead to increased profitability, as more businesses
recognize the importance of ALPNET's linguistic quality and in-country
translation in their foreign product offerings."
Mr. Seal also said, "The Company continues to see expansion in the need for
translation services in nearly all of our markets and across industry lines.
According to Ovum, a market research organization in London, the worldwide
translation market is currently a US$1.6 billion dollar market, and is growing
at 30% per year. The three largest worldwide providers of translation services
account for only about US$100 million of this, so there is still room for
significant revenue growth. While price competition in the marketplace is a
factor in our ability to grow our business, ALPNET s philosophy has been to
utilize our unique translation technology and in-country offices to provide the
best quality, thereby maintaining our margins while providing competitive
pricing. With the growth in revenues from existing clients, as well as new
clients, we feel this philosophy has been a success, and will continue to be so
in the future."
ALPNET is the largest exclusive supplier of worldwide translation services, with
29 wholly-owned offices in 13 countries throughout Europe, North America, and
Asia. ALPNET supplies its clients with language translation, product
localization, international project management, interpretation, language
training, and multilingual desktop publishing services.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
ALPNET, Inc.
(Registrant)
Date: 1 November 1995 \s\ Thomas F. Seal
Thomas F. Seal
President and Chief Executive Officer
Date: 1 November 1995 \s\ D. Kerry Stubbs
D. Kerry Stubbs
Chief Financial Officer
