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): 3 August 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 SECOND QUARTER 1995 RESULTS
August 3, 1995 -- Salt Lake City, Utah. ALPNET, Inc. (NASDAQ: AILP), a
worldwide supplier of language translation, software localization, and related
services, today announced results for the quarter ended June 30, 1995. Total
revenues for the quarter were $6.5 million with net income of $6,000 (less than
$.001 per share) compared to revenues of $4.8 million and a net loss of $195,000
or $.013 per share for the second quarter of 1994. For the six months ended
June 30, 1995, total revenues were $12.4 million with net income of $20,000 or
$.001 per share compared to revenues of $9.1 million with a net loss of $671,000
or $.043 per share for the six months ended June 30, 1994.
Thomas F. Seal, ALPNET President and CEO, stated, "We are pleased to report our
fifth consecutive quarter of revenue growth representing a 35% increase over the
revenues reported for the second quarter of 1994. For the six months ended June
30, 1995, revenues increased $3.3 million or 36% over the same period in 1994.
The majority of this revenue growth is due to actual volume increases with only
approximately one-fourth being attributable to the strength of foreign
currencies in countries where the Company has operations -- as compared to the
US dollar. Moreover, this revenue growth has occurred in the face of ongoing
price competition in the market which continues to keep prices at historically
low levels. The small net income for the second quarter and first six months of
1995 is primarily due to the effect of continuing price competition in the
industry upon margins. Nevertheless, we are encouraged by these latest results
and believe continued revenue growth will lead to increased profitability in the
future, as more customers recognize the importance of ALPNET's linguistic
quality and in-country translation in their foreign product offerings."
Mr. Seal also said, "One potentially positive development which could boost
ALPNET's revenues in the last half of 1995 is the announced release by Microsoft
of Windows 95 later this month. It is widely believed that this event will
trigger significant new investments in localized software products by vendors
anxious to market their products on the Windows 95 platform. We believe this
will spur an increase in the need for translation services as these vendors look
to exploit overseas markets. The Company continues to see expansion in the need
for translation services to this important market segment as well as in the more
traditional markets. While price competition in the marketplace is a factor in
our ability to grow our business, we will continue to take advantage of our
technology to provide the best quality, increase revenues, decrease costs and
improve profitability."
ALPNET is a worldwide supplier of translation services, with 27 offices in 10
countries in Europe, North America, and Asia. 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: 7 August 1995 \s\ Thomas F. Seal
Thomas F. Seal
President and Chief Executive Officer
Date: 7 August 1995 \s\ D. Kerry Stubbs
D. Kerry Stubbs
Chief Financial Officer
