Welcome!

News Feed Item

Data Call Technologies, Inc. Reports Record Sales and Profit From Operations for Year End 2013

FRIENDSWOOD, TX -- (Marketwired) -- 04/01/14 -- Data Call Technologies, Inc. (OTCBB: DCLT) (the "Company" or "Data Call"), is proud to announce its financial results for the year ended December 31, 2013. The Company has been recognized as an industry pioneer since the earlier part of this decade, aggregating and providing fresh, updated news and information (infotainment) feeds including items such as in-game sports scores, weather and traffic information, as well as headline/financial news and information in products custom tailored for the Digital Signage space.

The Company reported record revenues of $630,395 for the year ended December 31, 2013, compared to revenue of $556,363 for the year ended December 31, 2012, an increase in sales revenue of $74,032 from the prior year or 13.3%.

The Company's total operating expenses increased to $675,453 for the year ended December 31, 2013, compared to total operating expenses of $426,423 for the year ended December 31, 2012, an increase in expenses of $249,030 or 58.4% from the prior year. The increase in operating expenses was primarily due to the non-cash expense items related to the issuance of shares of common stock and the grant of options to its officers, directors and employees of $251,760, the conversion of a promissory in the amount of $50,000 and non-reoccurring payments to former officers and directors of $40,800, the later of which directly impacted the P&L.

While the Company reported a net loss of $(220,169) for the year ended December 31, 2013, compared to a net profit of $8,395 for the year ended December 31, 2012, the Company, in fact, had a net profit from operations of $122,391. Net profit from operations is calculated by taking the net loss ($220,169) and adding back the non-cash items of $301,760 and the non-reoccurring cash expenses of $40,800 in payments to the departed officers and directors.

The Company cannot predict with any certainty future results. However, with the planned 2014 introduction of new signage products, the company anticipates that revenue could increase by approximately $75,000 in 2014 and by an additional $100,000 in 2015. In addition, the new product line, currently projected for release in the 2ndqtr of 2014, may be expected to increase sales revenues by an additional $25,000 to $50,000 in 2014. The Company reasonably expects to experience a material improvement in profitability from operations in 2014.

The Company's leadership team is keenly aware of the developments and trends in the digital signage industry and is attuned to the steps that the Company must take to continue to improve its competitive position. Tim Vance, the Company's CEO, stated that "Data Call has been successful in establishing working relationships with the top digital signage companies in the industry, specializing in providing these industry drivers with over 70 different infotainment products. We have had an outstanding year in 2013 by building new relationships and developing new products. Strength has been found under the new management team assembled and the improved culture adopted in early 2013. We are pleased that our digital signage products are being consumed in numerous venues through direct sales and VAR distribution."

Mr. Vance further stated that, "Content creation for the digital signage industry in North America is estimated to be a $3.5 billion segment of this business according to industry leaders. We at Data Call understand our niche and remain focused yet readily adopt new strategies to remain ahead of our competition. We continue to aggressively pursue both domestic and international accounts through our software agnostic offering of Location Specific, Dynamic infotainment content. As 2013 progressed, client demands for more specialized content was requested and more content was produced. Traffic and Weather products were completely re-worked, providing our clients with stunning pinpoint and precise location specific presentations. In tandem, we have also redesigned our website to enhance the presentation of our new product launches and provide more robust product detail."

Data Call is continuing to pursue its new product development efforts, not only in the digital signage space, but other common lateral markets concurrently.

For future press releases and more information on the company, please visit www.datacalltech.com

Forward-Looking Statements
Statements contained herein, which are not historical facts, including statements about plans and expectations regarding business areas and opportunities, demand and acceptance of new or existing businesses, capital resources and future financial results are "forward-looking" statements as contemplated by the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties, including, but not limited to, government regulation, taxation, spending, competition, general economic conditions and other risk factors which could cause actual results to differ materially from those projected or implied in the forward-looking statements. There may be other factors not mentioned above that may cause actual results to differ materially from any forward-looking information. The company takes no obligation to update or correct forward-looking statements and takes no obligation to update or correct information prepared by third parties that are not paid for by the Company.

Add to Digg Bookmark with del.icio.us Add to Newsvine

For more information, please contact
Data Call Technologies
Email Contact
www.datacalltech.com

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
While DevOps promises a better and tighter integration among an organization’s development and operation teams and transforms an application life cycle into a continual deployment, Chef and Azure together provides a speedy, cost-effective and highly scalable vehicle for realizing the business values of this transformation. In his session at @DevOpsSummit at 19th Cloud Expo, Yung Chou, a Technology Evangelist at Microsoft, will present a unique opportunity to witness how Chef and Azure work tog...
The Internet of Things can drive efficiency for airlines and airports. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Sudip Majumder, senior director of development at Oracle, will discuss the technical details of the connected airline baggage and related social media solutions. These IoT applications will enhance travelers' journey experience and drive efficiency for the airlines and the airports. The session will include a working demo and a technical d...
SYS-CON Events announced today that Isomorphic Software will exhibit at DevOps Summit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Isomorphic Software provides the SmartClient HTML5/AJAX platform, the most advanced technology for building rich, cutting-edge enterprise web applications for desktop and mobile. SmartClient combines the productivity and performance of traditional desktop software with the simp...
Although it has gained significant traction in the consumer space, IoT is still in the early stages of adoption in enterprises environments. However, many companies are working on initiatives like Industry 4.0 that includes IoT as one of the key disruptive technologies expected to reshape businesses of tomorrow. The key challenges will be availability, robustness and reliability of networks that connect devices in a business environment. Software Defined Wide Area Network (SD-WAN) is expected to...
Between the mockups and specs produced by analysts, and resulting applications built by developers, there exists a gulf where projects fail, costs spiral, and applications disappoint. Methodologies like Agile attempt to address this with intensified communication, with partial success but many limitations. In his session at @DevOpsSummit at 19th Cloud Expo, Charles Kendrick, CTO at Isomorphic Software, will present a revolutionary model enabled by new technologies. Learn how business and deve...
DevOps at Cloud Expo – being held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real results. Am...
Developing software for the Internet of Things (IoT) comes with its own set of challenges. Security, privacy, and unified standards are a few key issues. In addition, each IoT product is comprised of (at least) three separate application components: the software embedded in the device, the back-end service, and the mobile application for the end user’s controls. Each component is developed by a different team, using different technologies and practices, and deployed to a different stack/target –...
SYS-CON Events announced today that Hitrons Solutions will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Hitrons Solutions Inc. is distributor in the North American market for unique products and services of small and medium-size businesses, including cloud services and solutions, SEO marketing platforms, and mobile applications.
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices - comp...
SYS-CON Events announced today that Numerex Corp, a leading provider of managed enterprise solutions enabling the Internet of Things (IoT), will exhibit at the 19th International Cloud Expo | @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Numerex Corp. (NASDAQ:NMRX) is a leading provider of managed enterprise solutions enabling the Internet of Things (IoT). The Company's solutions produce new revenue streams or create operating...
Enterprises have forever faced challenges surrounding the sharing of their intellectual property. Emerging cloud adoption has made it more compelling for enterprises to digitize their content, making them available over a wide variety of devices across the Internet. In his session at 19th Cloud Expo, Santosh Ahuja, Director of Architecture at Impiger Technologies, will introduce various mechanisms provided by cloud service providers today to manage and share digital content in a secure manner....
We are always online. We access our data, our finances, work, and various services on the Internet. But we live in a congested world of information in which the roads were built two decades ago. The quest for better, faster Internet routing has been around for a decade, but nobody solved this problem. We’ve seen band aid approaches like CDNs that attack a niche's slice of static content part of the Internet, but that’s it. It does not address the dynamic services-based Internet of today. It doe...
As the world moves toward more DevOps and Microservices, application deployment to the cloud ought to become a lot simpler. The Microservices architecture, which is the basis of many new age distributed systems such as OpenStack, NetFlix and so on, is at the heart of Cloud Foundry - a complete developer-oriented Platform as a Service (PaaS) that is IaaS agnostic and supports vCloud, OpenStack and AWS. Serverless computing is revolutionizing computing. In his session at 19th Cloud Expo, Raghav...
As cloud adoption continues to transform business, today’s global enterprises are challenged with managing a growing amount of information living outside of the data center. The rapid adoption of IoT and increasingly mobile workforce are exacerbating the problem. Ensuring secure data sharing and efficient backup poses capacity and bandwidth considerations as well as policy and regulatory compliance issues.
Why do your mobile transformations need to happen today? Mobile is the strategy that enterprise transformation centers on to drive customer engagement. In his general session at @ThingsExpo, Roger Woods, Director, Mobile Product & Strategy – Adobe Marketing Cloud, covered key IoT and mobile trends that are forcing mobile transformation, key components of a solid mobile strategy and explored how brands are effectively driving mobile change throughout the enterprise.