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): 25 April 1996
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 First Quarter Results
25 April 1996 -- Salt Lake City, Utah. ALPNET, Inc. (NASDAQ: AILP), the largest
dedicated commercial provider of language translation, product localization, and
related services to businesses, today announced results for the quarter ended 31
March 1996. Total revenues for the quarter were $6.5 million with net income of
$29,000 or $.001 per share compared to revenues of $5.9 million with net income
of $14,000 or $.001 per share for the first quarter of 1995.
Thomas F. Seal, ALPNET President and CEO, stated, "We are pleased to report that
revenues for this first quarter of the year increased 10% over revenues for the
same quarter in 1995. Historically, the Company's first quarter has started out
slowly, but revenues have consistently increased above first quarter levels
during subsequent quarters. We expect this pattern to repeat in 1996, as we
have recently secured several significant contracts which give us a very strong
backlog moving into the second quarter. This quarter's revenue increase over
the first quarter of 1995 is primarily attributable to significant sales
increases in the Company's UK offices, including contributions from the Scottish
translation company acquired in late 1995 and growing sales of our City of
London office which was opened in early 1995. Revenues have also increased
significantly in Canada and Asia, with smaller increases in most of our other
markets. Revenues decreased in Germany from 1995 due primarily to sluggishness
in the German economy, but again we have a solid backlog of orders which will
boost German revenues later in the year."
Mr. Seal also said, "According to Ovum, the London based market research
organization, the size of the Translation and Localization market in 1995 was
approximately US$2 billion, and is projected to grow at 30% per year for the
next five years. We believe ALPNET is in a unique position to benefit from this
rapidly expanding market, with our worldwide locations and specialized
capability in multiple industries. Our investment in new offices in strategic
business locations throughout the world will allow us to increase our market
share, revenues, and profits. We are expanding our dedicated software
localization capability with key technology centers located in Salt Lake City,
Singapore and Amsterdam. We continue to develop and enhance our language
translation software which we use increasingly to ensure quality, consistent
terminology and efficient delivery of services for our clients. We continue to
expand in existing and emerging international business markets as circumstances
dictate as evidenced by our ongoing expansion in Europe and Asia, and we are
hiring highly qualified people to 'get our story out' and increase our Company's
visibility in the marketplace. Finally, we are continuing to position ourselves
to take advantage of the telecommunications explosion through our Internet and
Europe Online offerings. While the investment in all of these areas is costing
us money today, we believe these investments allow us to accommodate rapid
growth and increasing profits in the coming years."
ALPNET is the largest publicly-owned exclusive supplier of worldwide translation
and product localization services, with 30 wholly-owned offices in 14 countries
throughout Europe, North America, and Asia. ALPNET supplies its clients with
language translation, product localization, language interpreting, language
training, and multilingual desktop publishing and printing services. Additional
information about ALPNET is available on the World Wide Web at
http://www.europeonline.com/alpnet.
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: 25 April 1996 \s\ Thomas F. Seal
Thomas F. Seal
President and Chief Executive Officer
Date: 25 April 1996 \s\ D. Kerry Stubbs
D. Kerry Stubbs
Chief Financial Officer
