EasyLink Reaffirms First Quarter 2006 Guidance; Schedules First Quarter 2006 Results Report for Thursday, May 4
24 April 2006 - 11:00PM
Business Wire
EasyLink Services Corporation (NASDAQ: EASY), a leading global
provider of outsourced business process automation services that
transform manual and paper-based business processes into efficient
electronic ones, today reaffirmed its prior first quarter 2006
guidance and announced that it will release its 2006 first quarter
results before the market opens on Thursday, May 4. Reaffirming
First Quarter Guidance Consistent with prior guidance, EasyLink is
estimating total revenue for the first quarter at $18.5 million
with revenue from growth Transaction Management Services coming in
slightly higher than forecasted at $4.6 million. Net loss for the
quarter is also expected to be slightly better than the prior
guidance of ($0.02-$0.03) per share. May 4, 2006 Conference Call
Details Following the release, Thomas Murawski, Chairman, President
and Chief Executive Officer, and Mike Doyle, Vice President, Chief
Financial Officer, will host a conference call and simultaneous
webcast at 10:30 a.m. EDT to discuss the results and review
corporate progress. The conference call number is 800-340-8363 and
the reservation number is 8285252. Please call five minutes in
advance to ensure that you are connected prior to the presentation.
The call will be simultaneously broadcast live over the Internet
via a link on the investor relations pages of EasyLink's corporate
Web site, www.EasyLink.com, and at www.streetevents.com. Please
allow extra time prior to the call to visit the site and download
the software required to listen to the Internet broadcast. Both the
conference call and webcast are open to the general public. If you
are unable to participate, the online archive of the broadcast will
be available on the investor relations pages of www.EasyLink.com
within two hours of the live call through Thursday, May 18, 2005 at
11:00 p.m. EDT. You can also access the replay by calling
800-642-1687 and entering the reservation number 8285252. A copy of
the earnings announcement, which will include certain financial and
other information presented on the call, will also be available on
the investor relations pages of our Web site at www.EasyLink.com.
About EasyLink Services Corporation: EasyLink Services Corporation
(NASDAQ: EASY), headquartered in Piscataway, New Jersey, is a
leading global provider of outsourced business process automation
services that enable medium and large enterprises, including 60 of
the Fortune 100, to improve productivity and competitiveness by
transforming manual and paper-based business processes into
efficient electronic business processes. EasyLink is integral to
the movement of information, money, materials, products, and people
in the global economy, dramatically improving the flow of data and
documents for mission-critical business processes such as client
communications via invoices, statements and confirmations,
insurance claims, purchasing, shipping and payments. Driven by the
discipline of Six Sigma Quality, EasyLink helps companies become
more competitive by providing the most secure, efficient, reliable,
and flexible means of conducting business electronically. For more
information, please visit www.easylink.com. This news release may
contain statements of a forward-looking nature relating to future
events or financial results of EasyLink Services Corporation.
Investors are cautioned that such statements are only predictions
and actual events or results may differ materially. In evaluating
such statements, investors should specifically consider the various
factors that could cause actual events or results to differ
materially from those indicated from such forward-looking
statements. These include: the ability to service our remaining
indebtedness; the ability to continue as a going concern being
dependent upon the ability to generate sufficient cash flow to meet
our obligations on a timely basis, to obtain additional financing
or refinancing as may be required, and to achieve and maintain
profitable operations; significant leverage; the ability to attract
additional customers or to expand services sold to existing
customers; the ability to successfully implement our business
strategy; the ability to commence service for new customers on a
timely basis and to ramp usage by such customers in accordance with
our expectations; significant competition; the risks inherent in
integrating the EasyLink business; and the risk of being delisted
from NASDAQ, including the risk that the Company may be unable to
regain compliance with the $1 minimum bid price requirement on the
Capital Market by the expiration of the additional 180 day grace
period which would expire on August 21 , 2006 or may be unable to
maintain compliance with all of the other continued listing
requirements of the Capital Market. These and other risks and
uncertainties are described in more detail in the Company's filings
with the Securities and Exchange Commission.
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