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
Containers have changed the mind of IT in DevOps. They enable developers to work with dev, test, stage and production environments identically. Containers provide the right abstraction for microservices and many cloud platforms have integrated them into deployment pipelines. DevOps and containers together help companies achieve their business goals faster and more effectively. In his session at DevOps Summit, Ruslan Synytsky, CEO and Co-founder of Jelastic, reviewed the current landscape of Dev...
DevOps is being widely accepted (if not fully adopted) as essential in enterprise IT. But as Enterprise DevOps gains maturity, expands scope, and increases velocity, the need for data-driven decisions across teams becomes more acute. DevOps teams in any modern business must wrangle the ‘digital exhaust’ from the delivery toolchain, "pervasive" and "cognitive" computing, APIs and services, mobile devices and applications, the Internet of Things, and now even blockchain. In this power panel at @...
The buzz continues for cloud, data analytics and the Internet of Things (IoT) and their collective impact across all industries. But a new conversation is emerging - how do companies use industry disruption and technology enablers to lead in markets undergoing change, uncertainty and ambiguity? Organizations of all sizes need to evolve and transform, often under massive pressure, as industry lines blur and merge and traditional business models are assaulted and turned upside down. In this new da...
Cloud Expo, Inc. has announced today that Andi Mann returns to 'DevOps at Cloud Expo 2017' as Conference Chair The @DevOpsSummit at Cloud Expo will take place on June 6-8, 2017, at the Javits Center in New York City, NY. "DevOps is set to be one of the most profound disruptions to hit IT in decades," said Andi Mann. "It is a natural extension of cloud computing, and I have seen both firsthand and in independent research the fantastic results DevOps delivers. So I am excited to help the great t...
Every successful software product evolves from an idea to an enterprise system. Notably, the same way is passed by the product owner's company. In his session at 20th Cloud Expo, Oleg Lola, CEO of MobiDev, will provide a generalized overview of the evolution of a software product, the product owner, the needs that arise at various stages of this process, and the value brought by a software development partner to the product owner as a response to these needs.
WebRTC services have already permeated corporate communications in the form of videoconferencing solutions. However, WebRTC has the potential of going beyond and catalyzing a new class of services providing more than calls with capabilities such as mass-scale real-time media broadcasting, enriched and augmented video, person-to-machine and machine-to-machine communications. In his session at @ThingsExpo, Luis Lopez, CEO of Kurento, introduced the technologies required for implementing these idea...
The WebRTC Summit New York, to be held June 6-8, 2017, at the Javits Center in New York City, NY, announces that its Call for Papers is now open. Topics include all aspects of improving IT delivery by eliminating waste through automated business models leveraging cloud technologies. WebRTC Summit is co-located with 20th International Cloud Expo and @ThingsExpo. WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web co...
SYS-CON Events announced today that Enzu will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Enzu’s mission is to be the leading provider of enterprise cloud solutions worldwide. Enzu enables online businesses to use its IT infrastructure to their competitive ad...
SYS-CON Events announced today that Catchpoint Systems, Inc., a provider of innovative web and infrastructure monitoring solutions, has been named “Silver Sponsor” of SYS-CON's DevOps Summit at 18th Cloud Expo New York, which will take place June 7-9, 2016, at the Javits Center in New York City, NY. Catchpoint is a leading Digital Performance Analytics company that provides unparalleled insight into customer-critical services to help consistently deliver an amazing customer experience. Designed ...
Internet of @ThingsExpo, taking place June 6-8, 2017 at the Javits Center in New York City, New York, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @ThingsExpo New York Call for Papers is now open.
Who are you? How do you introduce yourself? Do you use a name, or do you greet a friend by the last four digits of his social security number? Assuming you don’t, why are we content to associate our identity with 10 random digits assigned by our phone company? Identity is an issue that affects everyone, but as individuals we don’t spend a lot of time thinking about it. In his session at @ThingsExpo, Ben Klang, Founder & President of Mojo Lingo, discussed the impact of technology on identity. Sho...
Technology vendors and analysts are eager to paint a rosy picture of how wonderful IoT is and why your deployment will be great with the use of their products and services. While it is easy to showcase successful IoT solutions, identifying IoT systems that missed the mark or failed can often provide more in the way of key lessons learned. In his session at @ThingsExpo, Peter Vanderminden, Principal Industry Analyst for IoT & Digital Supply Chain to Flatiron Strategies, will focus on how IoT depl...
Data is an unusual currency; it is not restricted by the same transactional limitations as money or people. In fact, the more that you leverage your data across multiple business use cases, the more valuable it becomes to the organization. And the same can be said about the organization’s analytics. In his session at 19th Cloud Expo, Bill Schmarzo, CTO for the Big Data Practice at Dell EMC, introduced a methodology for capturing, enriching and sharing data (and analytics) across the organization...
With all the incredible momentum behind the Internet of Things (IoT) industry, it is easy to forget that not a single CEO wakes up and wonders if “my IoT is broken.” What they wonder is if they are making the right decisions to do all they can to increase revenue, decrease costs, and improve customer experience – effectively the same challenges they have always had in growing their business. The exciting thing about the IoT industry is now these decisions can be better, faster, and smarter. Now ...
WebRTC is about the data channel as much as about video and audio conferencing. However, basically all commercial WebRTC applications have been built with a focus on audio and video. The handling of “data” has been limited to text chat and file download – all other data sharing seems to end with screensharing. What is holding back a more intensive use of peer-to-peer data? In her session at @ThingsExpo, Dr Silvia Pfeiffer, WebRTC Applications Team Lead at National ICT Australia, looked at differ...