Exhibit 99.1
Creative Computer Applications, Inc. Reports Sales and Earnings for
the Second Fiscal Quarter and Six Months Ended February 29, 2004
CALABASAS, Calif.--(BUSINESS WIRE)--April 14, 2004--Creative
Computer Applications, Inc. or CCA (AMEX:CAP), a provider of Clinical
Information Systems (CIS) for hospital and clinic-based laboratories,
pharmacies, and imaging departments, announced today its sales and
earnings for its second fiscal quarter and six-month period ended
February 29, 2004.
Sales for the second fiscal quarter ended February 29, 2004 were
$1,851,187 compared to sales of $1,854,785 for the comparable quarter
ended February 28, 2003. The Company earned net income of $72,040 or
$.02 basic and diluted earnings per share, for the current fiscal
quarter, compared to net income of $16,863, or $.01 basic and diluted
earnings per share, for the comparable quarter one year ago.
Sales for the six-month period ended February 29, 2004 were
$3,446,748 compared to sales of $3,736,946 for the comparable
six-month period one year ago. The Company incurred a net loss of
$181,618 or $.05 basic and diluted loss per share, for the current
six-month period, compared to net income of $64,846, or $.02 basic and
diluted earnings per share, for the comparable six-month period one
year ago.
Steven M. Besbeck, President and CEO, stated, "CCA's revenues for
our second fiscal quarter and six-month period ended February 29,
2004, were lower primarily due to the product transition related to
our new CyberLAB(R) 7.0 Laboratory Information System, however we
believe that we are in the final stages of the transition period. As
of March 31, 2004, CyberLAB 7.0 was live in three sites and two
additional new sites were being implemented. We are now marketing
CyberLAB 7.0 and it is available to our installed client base. We
consider the increased investment made in our product development
activities, especially related to CyberLAB 7.0, will position the
Company for future growth."
Creative Computer Applications, Inc.
Operating Results (Unaudited)
Three Months Ended Six Months Ended
----------------------- -----------------------
Feb. 29, Feb. 28, Feb. 29, Feb. 28,
2004 2003 2004 2003
----------- ----------- ----------- -----------
Net Sales and
Service Revenues $1,851,187 $1,854,785 $3,446,748 $3,736,946
Gross Margin 1,014,365 967,918 1,757,497 1,914,219
Operating Income
(Loss) 72,517 26,693 (181,071) 108,044
Net Income (Loss) 72,040 16,863 (181,618) 64,846
Basic Earnings (Loss)
Per Share .02 .01 (.05) .02
Diluted Earnings
(Loss) Per Share .02 .01 (.05) .02
Average Shares Outstanding
(Basic) 3,318,900 3,272,233 3,318,900 3,269,317
(Diluted) 3,439,817 3,540,303 3,318,900 3,461,395
CCA is a healthcare information technology and service provider
that provides software and browser-based solutions, specializing in
Clinical Information Systems for hospital and clinic-based
laboratories, pharmacies, and imaging departments. Its primary
products, CyberLAB(R), CyberMED(R) and CyberRAD(R) are highly
functional, scalable, and can be deployed in a variety of healthcare
settings. CCA's systems are deployed in more than 500 sites. For more
information about CCA, its products and services, visit
http://www.ccainc.com/.
This news release contains forward-looking statements made in
reliance upon the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements are not
guarantees of future performance and are inherently subject to
uncertainties and other factors which could cause actual results to
differ materially from the forward-looking statement. Such statements
are based upon, among other things, assumptions made by, and
information currently available to, management, including management's
own knowledge and assessment of the Company's industry and
competition. The Company refers interested persons to its most recent
Annual Report on Form 10-KSB and its other SEC filings for a
description of additional uncertainties and factors, which may affect
forward-looking statements. The Company assumes no duty to update its
forward-looking statements.
CONTACT: Creative Computer Applications, Inc.
Steven M. Besbeck, 818-880-6700, ext. 252