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): 6 February 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 Preliminary 1995
Results
6 February 1996 -- Salt Lake City, Utah. ALPNET, Inc. (NASDAQ: AILP), the
largest dedicated commercial provider of language translation, product
localization, and related language services to businesses, today announced
preliminary unaudited results for the year and quarter ended 31 December 1995.
Total revenues for the year 1995 were US$26.9 million, an increase of 31% over
the $20.5 million reported for 1994. Net income for the year was $621,000 or
$.03 per share, compared to a net loss of ($741,000) or ($.04) per share for the
year ended 31 December 1994.
Revenues for the fourth quarter of 1995 were $7.2 million with net income of
$253,000, or $.01 per share, compared to revenues of $5.8 million with a net
loss of ($95,000), or ($.01) per share, for the fourth quarter of 1994. The
Company reported that the majority of the revenue growth for the year 1995 was
due to actual volume increases, especially in its large European markets, with
only 20% being attributable to the strength of foreign currencies -- as compared
to the U.S. dollar -- in countries where the Company has operations.
Thomas F. Seal, ALPNET President and CEO, stated, "We are pleased to report a
strong finish to the year. This quarter represents our fourth consecutive
quarter of profitability and while this quarter's revenues are down slightly
from the record revenues reported in the third quarter, the long-term trend
remains unchanged. Incoming orders remain good, and new prospects and
opportunities are strong. 1995's growth has occurred in the face of fierce
competition in the market which continues to keep prices at historically low
levels. We have seen competitors try to grow by using aggressive pricing to
attract business, and then be unable to produce the quality materials they
promise. ALPNET has followed a strategy of providing the highest in quality
linguistic services, across all major languages, at fair prices in order to
allow us to avoid sacrificing quality. Our clients seem to agree with this
strategy as evidenced by our largest clients rewarding us with increasing
amounts of business, as well as referring prospective clients to ALPNET when
they have experienced problems elsewhere.
Mr. Seal continued by saying, This year we announced a partnership with Europe
Online which is intended to provide high quality in-country translation and
localization services over the Internet. This is the first step in our plans to
take the leadership position in the combination of translation and the
information superhighway. ALPNET will be a leader in helping companies
translate and localize their own World Wide Web sites, in order to facilitate
our clients providing their goods and services internationally. In addition, we
will provide our own set of linguistic services over the Internet.
Mr. Seal concluded by saying, "Two years ago, ALPNET instigated a strategy of
investing in the opening of small, full-service offices in major business
centers and in countries where the changing business climate indicated language
services were needed. Since then, we have opened offices in Boston and Ft.
Lauderdale in the U.S. as well as in Berlin, Seoul, Shenzhen(China), Amsterdam,
and Dublin. We will continue this strategy in 1996. As multi-national companies
increasingly require quality translation and product localization services, they
find that ALPNET is already established and ready, wherever they need language
services in the world today. Together with our language partners, we provide
services from 38 locations in over 20 countries. In 1996, we will continue to
invest in new offices, new delivery methods, and new technology. We are
confident that these efforts will continue to allow us to provide the best
quality along with increased revenues and improved profitability."
ALPNET is the largest publicly-owned exclusive supplier of worldwide translation
and product localization services, with 29 wholly-owned offices in 13 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 using Netscape Navigator 2 on the World
Wide Web at http://www.EuropeOnline.Com.
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 February 1996 \s\ Thomas F. Seal
Thomas F. Seal
President and Chief Executive Officer
Date: 7 February 1996 \s\ D. Kerry Stubbs
D. Kerry Stubbs
Chief Financial Officer
