EXHIBIT 99.1
(KUPPER PARKER COMMUNICATIONS LOGO)
PROFITABLE RESULTS CONTINUE AT KUPPER PARKER COMMUNICATIONS
ST. LOUIS, May 19, 2003 - Kupper Parker Communications, Incorporated
(OTC/BB:KPCG.OB), a global marketing communications company, today announced net
income of $283,111, or $.05 per share, for the three months ended April 30,
2003, compared with a net loss of $344,720, or $.06 per share, for the same
period last year.
"We've continued our profitability from the first quarter into the second
quarter of this fiscal year, an improvement of more than $600,000 over the same
period last year, due to a combination of expense control and effective business
development programs," said Bruce Kupper, chairman and chief executive officer.
"Our management team made a decision to go back to the basics and work for
bottom line results, rather than pure growth, for our clients and our
shareholders. We are doing this in an environment of significant economic
challenges and continued security concerns. Therefore, I especially commend our
team for working even harder and smarter to deliver value to clients and
contributing to this surge in profitability."
Revenue was $2,961,671 in the second quarter of 2003, compared with $3,429,550
in the same quarter last year. Operating expenses were reduced by 29.8%, to
$2,631,417 compared with $3,745,932 in the same quarter in 2002.
For the first six months of 2003, net income was $565,592 compared with a net
loss of $873,033 for the same period last year. Revenue was $6,058,046, compared
with $7,151,869; and operating expenses were $5,398,195 compared with
$7,967,629.
KPC Continues to Win Nationally Operated Businesses
Kupper Parker has added clients in recent months including organizations with
national and international scope who benefit from KPC's ability to leverage its
office network and industry experience in industries such as health care,
communications and financial services.
o Service Corporation International (SCI), headquartered in Houston, TX,
is one of the nation's largest providers of funeral, cremation and
cemetery services, which operates more than 3,000 funeral service
locations, cemeteries, and crematoria in North America, France and
South America and generates more than $2.2 billion in revenues.
o CareMedic Systems, Incorporated is a St. Petersburg, Fl.-based
healthcare information technology company that designs, develops and
installs revenue
management and regulatory compliance software for hospitals and other
healthcare facilities.
About Kupper Parker Communications
Headquartered in St. Louis, KPC provides a full range of marketing
communications services domestically and internationally through its offices and
affiliates in 13 markets in the United States and Europe. KPC's U.S. markets
include: Boston; Chicago; Kansas City, Mo.; Louisville, Ky.; Memphis, Tenn.;
Melville, NY; and St. Louis. KPC continues to extend its services in Europe
through an ownership interest in Communications in Business, headquartered in
London with offices in Brussels, Dusseldorf, Milan, Paris and Madrid.
KPC ranks in the top 75 agency brands in the U.S. according to AdWeek, and in
the top 25 independent PR firms according to PRWeek.
SAFE HARBOR
Statements included in this news release may contain forward-looking statements,
including but not limited to statements of the Company's plans, objectives,
expectations or intentions, that involve risk and uncertainties. The Company's
actual results may differ significantly from those projected or suggested in any
forward-looking statement due to a variety of factors, which are discussed in
detail in the Company's filings with the Securities and Exchange Commission.
More information is located at www.kupperparker.com.
CONTACT: Mary Scholz Barber
Kupper Parker Communications
(314) 290-2013
mbarber@kupperparker.com
Three and Six Month Tables Follow
KUPPER PARKER COMMUNICATIONS, INCORPORATED AND SUBSIDIARIES
CONDENSED CONSOLIDATED INCOME STATEMENTS
(UNAUDITED)
<Table>
<Caption>
QUARTER ENDED APRIL 30,
-----------------------------------------
2003 2002 %
----------- ----------- ------
REVENUES $ 2,961,671 $ 3,429,550 -13.6%
OPERATING EXPENSES:
Salaries and Benefits 1,917,231 2,760,786 -30.6%
Office and General 714,186 985,146 -27.5%
Unusual Items -- -- N/A
----------- -----------
Total Operating Expenses 2,631,417 3,745,932 -29.8%
----------- -----------
Operating Income 330,254 (316,382) N/A
OTHER INCOME (EXPENSE):
Interest income 2,081 2,311 -10.0%
Interest expense (49,224) (30,649) 60.6%
----------- -----------
(47,143) (28,338) 66.4%
----------- -----------
Pretax Income 283,111 (344,720) N/A
PROVISION FOR TAXES -- -- N/A
----------- -----------
NET INCOME $ 283,111 $ (344,720) N/A
=========== ===========
EARNINGS PER SHARE:
Basic $ 0.05 $ (0.06) N/A
=========== ===========
Diluted $ 0.05 $ (0.06) N/A
=========== ===========
</Table>
KUPPER PARKER COMMUNICATIONS, INCORPORATED AND SUBSIDIARIES
CONDENSED CONSOLIDATED INCOME STATEMENTS
(UNAUDITED)
<Table>
<Caption>
SIX MONTHS ENDED APRIL 30,
------------------------------------------
2003 2002 %
----------- ----------- -------
REVENUES $ 6,058,046 $ 7,151,869 -15.3%
OPERATING EXPENSES:
Salaries and Benefits 3,941,140 5,812,318 -32.2%
Office and General 1,457,055 1,992,520 -26.9%
Unusual Items -- 162,791 -100.0%
----------- -----------
Total Operating Expenses 5,398,195 7,967,629 -32.2%
----------- -----------
Operating Income 659,851 (815,760) N/A
OTHER INCOME (EXPENSE):
Interest income 4,026 10,068 -60.0%
Interest expense (98,285) (67,341) 46.0%
----------- -----------
(94,259) (57,273) 64.6%
----------- -----------
Pretax Income 565,592 (873,033) N/A
PROVISION FOR TAXES -- -- N/A
----------- -----------
NET INCOME $ 565,592 $ (873,033) N/A
=========== ===========
EARNINGS PER SHARE:
Basic $ 0.10 $ (0.14) N/A
=========== ===========
Diluted $ 0.09 $ (0.14) N/A
=========== ===========
</Table>