Exhibit 99.1
Creative Computer Applications, Inc. Reports
Results of Operations for the
First Fiscal Quarter Ended November 30, 2004
CALABASAS, Calif.--(BUSINESS WIRE)--Jan. 14, 2005--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 results of
operations for its first fiscal quarter ended November 30, 2004.
Sales for the first fiscal quarter ended November 30, 2004 were
$1,790,708 compared to sales of $1,595,561 for the comparable quarter
ended November 30, 2003. The Company incurred a net loss of $68,967 or
$.02 per basic and diluted earnings per share, for the current fiscal
quarter, compared to a net loss of $253,658, or $.08 per basic and
diluted earnings per share, for the comparable quarter one year ago.
Steven M. Besbeck, President and CEO, stated, "CCA's improvement
in its results of operation for our first fiscal quarter over the
comparable period, were primarily indicative of the product transition
related to our new CyberLAB(R) 7.0 Laboratory Information System.
However, our first fiscal quarter is seasonally our lowest in terms of
sales and we are incurring additional expenses associated with our
preparation for compliance with SOX 404, which is expected to continue
to impact our operating results. We are experiencing significant
interest in our new CyberLAB 7.0 product from new and existing clients
and now have 10 sites fully operational and 5 sites in the
implementation stage."
Mr. Besbeck also reported, "We filed a Form 8K on January 11, 2005
that disclosed that we adopted a change in fiscal year to December 31.
We will be filing a transitional report on Form 10QSBT in
approximately 45 days for the transitional period ending December 31,
2004 and subsequently we will be reporting our next full quarter for
the period ending March 31, 2005."
CCA is a healthcare information technology service provider
specializing in Clinical Information Systems (CIS) software, services
and browser-based solutions for hospital and clinic-based
laboratories, pharmacies and imaging departments. CCA's 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 currently in use in more than 500 sites.
For more information about CCA, its products and services, visit
http://www.ccainc.com.
Creative Computer Applications, Inc.
Operating Results (Unaudited)
Quarter Ending November 30, 2004 2003
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Net Sales and Service Revenues $1,790,708 $1,595,561
Gross Margin 981,689 743,132
Operating Loss 71,635 253,588
Net Loss 68,967 253,658
Basic Loss Per Share .02 .08
Diluted Loss Per Share .02 .08
Average Shares Outstanding Basic and Diluted 3,318,900 3,318,900
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., Calabasas
Steven M. Besbeck, 818-880-6700 X-252