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): February 19, 1997
ARI NETWORK SERVICES, INC.
(Exact name of registrant as specified in its charter)
Wisconsin 0-19608 39-1388360
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification
incorporation) No.)
330 E. Kilbourn Avenue
Milwaukee, Wisconsin 53202
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code:
(414) 278-7676
<PAGE>
Item 5. Other Events
On February 19, 1997, the Company announced that
revenue for the quarter ended January 31, 1997 was
$1.67 million, a 55% increase over last year's second
quarter. Net loss for the quarter improved 22% over
last year to a loss of $0.93 million, or $0.06 per
share.
The Company has projected that, based on current
trends, revenue for the year ended July 31, 1997 will
be between $7.0-$8.0 million. The Company further
projects that, based on current trends, it will achieve
break-even operating results in the quarter ended July
31, 1998.
The statements made herein include "forward
looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995 and involve
known and unknown risks and uncertainties, which may
cause the Company's actual results in the periods to be
materially different from the future performance
suggested herein. Such factors include those set forth
under "Forward Looking Statements" in the Company's
Form 10-Q for the quarter ended October 31, 1996.
For more information please refer to the Company's
other filings with the Securities and Exchange
Commission.
Item 7. Financial Statements and Exhibits
(c) Exhibits
99.1 Press Release dated February 19, 1997.
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.
Dated: February 21, 1997 ARI NETWORK SERVICES, INC.
By: /s/ Brian E. Dearing
----------------------------
Brian E. Dearing
President and CEO
<PAGE>
EXHIBITS
No. Description
99.1 Press Release dated February 19, 1997.
ARI Network Services, Inc.
330 East Kilbourn Ave. Milwaukee, Wisconsin 53202 414-
278-7676 Fax: (414) 283-4357
World Wide Web: http://www/arinet.com
FOR IMMEDIATE RELEASE
ARI Reports Fourth Consecutive Quarter of Revenue
Growth
Second Quarter Revenue Up 55% Over Last Year
Milwaukee, WI, February 19, 1997 -- ARI Network
Services, Inc.
(NASDAQ/NMS:ARIS), a leading provider of Internet-
enabled electronic commerce services, today announced
its results for the second quarter ended January 31,
1997. Second quarter total revenue was $1.67 million,
a gain of 55% over last year's second quarter. Year to
date revenues of $3.35 million represent a 51% increase
over the first half of last year. Net loss for the
quarter improved 22% over last year to a loss of $0.93
million or $0.06 per share.
"It is clear that the investments we have made in
the sales area are paying off -- not only on the top
line, but on the bottom line as well," said Brian
Dearing, ARI's President and Chief Executive Officer.
"We have now completed four straight quarters of year-
over-year growth and beaten Wall Street's revenue
expectations for three quarters running. Recurring
revenues continue to climb in both the transportation
and agribusiness sectors, vindicating our industry-
focused approach. Furthermore, we are beginning to see
clear evidence of the path to profitability, as the new
revenues contribute to the reduction of our net loss.
Given the state of our current pipeline, the
development of our acquisition program and the healthy
and growing market before us, I continue to be bullish
about our future prospects."
Key growth areas in the second quarter included
the transportation sector, where the Company operates
an industry common customer directory for the North
American Railroads in partnership with Dun & Bradstreet
and the Equipment Industry, where the Company supplies
dealer communications services and electronic parts
catalogs. The acquisition of PLUS1(R) in November 1996
added the parts catalog business to the Company's
portfolio.
"We are continuing to execute our plan to invest
wisely and prudently while driving to break-even
through the increased revenues that will flow from
those investments," Dearing concluded. Since ARI's
actual results are subject to many factors not under
the Company's direct control, investors should consult
the most recent 10-K for a full description of factors
affecting future performance.
(more)
Company Background
ARI Network Services, Inc. is a provider of
standards-based, Internet enabled electronic commerce
services for selected commercial communities and
distribution channels. ARI currently serves
agribusiness, freight transportation and newspaper
publishing a complete suite of software, services and
support that helps streamline channels of distribution
by automating the flow of commercial information among
trading partners. ARI builds and manages electronic
commerce databases, including electronic parts catalogs
and industry common directories of products, companies
and locations. ARI also provides data management
services for individual companies. ARI's dealer and
distributor management systems provide an electronic
pathway for sales reports, product ordering, warranty
registrations and other transactions between a
manufacturer and its distribution channel.
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Contact:
Nancy Krajcir Barbara Rudolph
ARI Network Services, Inc. Miller/Shandwick Technologies (Boston)
Tel: 414-283-4380 Tel: 617-536-0470
Fax: 414-283-4357 Fax: 617-536-2772
E-mail: [email protected] E-mail:[email protected]
