Click here to close now.

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
17th Cloud Expo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterprises ar...
The 5th International DevOps Summit, co-located with 17th International Cloud Expo – being held November 3-5, 2015, 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 ...
IT data is typically silo'd by the various tools in place. Unifying all the log, metric and event data in one analytics platform stops finger pointing and provides the end-to-end correlation. Logs, metrics and custom event data can be joined to tell the holistic story of your software and operations. For example, users can correlate code deploys to system performance to application error codes. In his session at DevOps Summit, Michael Demmer, VP of Engineering at Jut, will discuss how this can...
DevOps Summit, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long development...
"Plutora provides release and testing environment capabilities to the enterprise," explained Dalibor Siroky, Director and Co-founder of Plutora, in this SYS-CON.tv interview at @DevOpsSummit, held June 9-11, 2015, at the Javits Center in New York City.
The 17th International Cloud Expo has announced that its Call for Papers is open. 17th International Cloud Expo, to be held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, APM, APIs, Microservices, Security, Big Data, Internet of Things, DevOps and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding bu...
"AgilData is the next generation of dbShards. It just adds a whole bunch more functionality to improve the developer experience," noted Dan Lynn, CEO of AgilData, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
The basic integration architecture, as defined by ESBs, hasn’t changed for more than a decade. Most cloud integration providers still rely on an ESB architecture and their proprietary connectors. As a result, enterprise integration projects suffer from constraints of availability and reliability of these connectors that are not re-usable across other integration vendors. However, the rapid adoption of APIs and almost ubiquitous availability of APIs amongst most SaaS and Cloud applications are ra...
SYS-CON Events announced today that Secure Infrastructure & Services will exhibit at SYS-CON's 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Secure Infrastructure & Services (SIAS) is a managed services provider of cloud computing solutions for the IBM Power Systems market. The company helps mid-market firms built on IBM hardware platforms to deploy new levels of reliable and cost-effective computing and hig...
"We help to transform an organization and their operations and make them more efficient, more agile, and more nimble to move into the cloud or to move between cloud providers and create an agnostic tool set," noted Jeremy Steinert, DevOps Services Practice Lead at WSM International, in this SYS-CON.tv interview at @DevOpsSummit, held June 9-11, 2015, at the Javits Center in New York City.
The most often asked question post-DevOps introduction is: “How do I get started?” There’s plenty of information on why DevOps is valid and important, but many managers still struggle with simple basics for how to initiate a DevOps program in their business. They struggle with issues related to current organizational inertia, the lack of experience on Continuous Integration/Delivery, understanding where DevOps will affect revenue and budget, etc. In their session at DevOps Summit, JP Morgenthal...
The time is ripe for high speed resilient software defined storage solutions with unlimited scalability. ISS has been working with the leading open source projects and developed a commercial high performance solution that is able to grow forever without performance limitations. In his session at Cloud Expo, Alex Gorbachev, President of Intelligent Systems Services Inc., shared foundation principles of Ceph architecture, as well as the design to deliver this storage to traditional SAN storage co...
One of the hottest areas in cloud right now is DRaaS and related offerings. In his session at 16th Cloud Expo, Dale Levesque, Disaster Recovery Product Manager with Windstream's Cloud and Data Center Marketing team, will discuss the benefits of the cloud model, which far outweigh the traditional approach, and how enterprises need to ensure that their needs are properly being met.
Overgrown applications have given way to modular applications, driven by the need to break larger problems into smaller problems. Similarly large monolithic development processes have been forced to be broken into smaller agile development cycles. Looking at trends in software development, microservices architectures meet the same demands. Additional benefits of microservices architectures are compartmentalization and a limited impact of service failure versus a complete software malfunction. ...
Discussions about cloud computing are evolving into discussions about enterprise IT in general. As enterprises increasingly migrate toward their own unique clouds, new issues such as the use of containers and microservices emerge to keep things interesting. In this Power Panel at 16th Cloud Expo, moderated by Conference Chair Roger Strukhoff, panelists addressed the state of cloud computing today, and what enterprise IT professionals need to know about how the latest topics and trends affect t...