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): 21 March 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. Press Release -- ALPNET ANNOUNCES FOURTH QUARTER AND 1994 RESULTS
March 21, 1995 -- Salt Lake City, Utah. ALPNET, Inc. (NASDAQ: AILP), a
worldwide supplier of language translation and related services, today announced
results for the quarter and year ended December 31, 1994. Total revenues for
the fourth quarter of 1994 were $5.8 million with a net loss of $95,000 or $.006
per share compared to revenues of $4.9 million with net income of $128,000 or
$.008 per share for the fourth quarter of 1993.
Total revenues for the year ended December 31, 1994 were $20.5 million with a
net loss of $741,000 or $.04 per share which compares to revenues of $19.5
million with net income of $458,000 or $.03 per share for the year ended
December 31, 1993.
Thomas F. Seal, ALPNET President and CEO, stated, "We are pleased to report
continued growth in revenues for both the fourth quarter of 1994 and for the
year compared with the same periods in 1993. This revenue growth has been
achieved as a result of new ALPNET offices opened in 1993 and 1994 as well as
higher sales in most of the already existing ALPNET offices around the world.
However, despite these higher revenues, losses were sustained as a result of
significant price competition encountered in 1994, which significantly eroded
margins. While revenue growth year over year increased about 5%, the Company
believes the actual growth in business volume in terms of words translated
increased by 10 to 15% and we expect volume to continue to increase as the need
for language services expands in the global marketplace."
Mr. Seal continued by saying, "The Company remains optimistic about its long-
term prospects, and is committed to its customers, employees and to providing a
return to its shareholders. While the Company's ability to operate profitably
depends partially on competition in the market, we have seen an increase in
orders in early 1995 as compared to early 1994 and believe the price competition
will not intensify beyond current levels. We are working hard to return to
profitability and believe the increased volume trend we are seeing in early 1995
will allow that to happen. ALPNET's balance sheet is stronger than it has been
for several years and the Company will continue to compete on the basis of
quality, service and geographical proximity to clients and potential clients.
Furthermore, ALPNET has the advantage of an experienced management team along
with the strength and experience of a worldwide network which has been in place
for over seven years."
ALPNET is a worldwide supplier of translation services, with 27 offices in 10
countries on 3 continents. ALPNET supplies its customers with language
translation, product localization, language interpreting, language training, and
multilingual desktop publishing and printing 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: 03/22/95 \s\ D. Kerry Stubbs
D. Kerry Stubbs
Vice President Finance and Chief
Financial Officer
Date: 03/22/95 \s\ Thomas F. Seal
Thomas F. Seal
President and Chief Executive Officer
