Business Services Industry
Digimarc Corporation Schedules Conference Call for June 15 to Provide Update on Recent Cost Reductions and Productivity Improvements
Business Wire, June 8, 2006
BEAVERTON, Ore. -- Digimarc Corporation (Nasdaq:DMRC) announced today that it will host a conference call on Thursday, June 15 at 2 p.m. PT / 5 p.m. ET to discuss in greater detail the nature of the cost reductions and productivity improvements the Company has implemented and the effect of these measures on financial performance for the remainder of 2006.
As announced on June 1, the Company anticipates reaching quarterly profitability later this year or early in 2007, depending on the timing of various government procurements that impact projected revenues. For more information on that announcement, please visit: http://www.digimarc.com/about/release.asp?home=news&newsID=465
A live Webcast and an archive of the Digimarc conference call will be available at www.digimarc.com and www.earnings.com.
About Digimarc
Digimarc Corporation (Nasdaq:DMRC), based in Beaverton, Oregon, is a leading supplier of secure identity and media management solutions. Digimarc provides products and services that enable the annual production of more than 60 million personal identification documents, including two-thirds of U.S. driver licenses and IDs for more than 20 countries. Digimarc's digital watermarking technology provides a persistent digital identity for various media content and is used to enhance the security of financial documents, identity documents and digital images, and support other media rights management applications.
Digimarc has an extensive intellectual property portfolio, with more than 260 issued U.S. patents with more than 5,000 claims, and approximately 500 pending patent applications in digital watermarking, personal identification and related technologies.
The Company is headquartered in Beaverton, Oregon, with other U.S. offices in Burlington, Massachusetts; Fort Wayne, Indiana; and the Washington DC area; and international offices in London and Mexico. Please go to www.digimarc.com for more company information.
Securities Safe Harbor
With the exception of historical information contained in this release, the matters described herein contain certain "forward-looking statements" that are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include statements regarding expected cost reductions, the Company's achievement of profitability in the future, and other statements containing the words "believes," "expects," "estimates," "anticipates," "will" or words of similar import or statements of management's opinion. These statements are subject to certain assumptions, risks, uncertainties and changes in circumstances. Actual results may vary materially from those expressed or implied from the statements herein or from historical results, due to changes in economic, business, competitive, technological and/or regulatory factors. More detailed information about risk factors that may affect actual results is set forth in filings by Digimarc with the Securities and Exchange Commission on Forms 10-K, 10-Q and 8-K, including but not limited to those described in the Company's Form 10-Q for the quarter ended March 31, 2006, in Part I, Item 2 thereof ("Management's Discussion and Analysis of Financial Condition and Results of Operations") under the captions "Liquidity and Capital Resources" and "Factors Affecting Forward Looking Statements" and in Part I, Item 4 thereof ("Controls and Procedures"). Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's opinions only as of the date of this release. Except as required by law, we undertake no obligation to revise or publicly release the results of any revision to these forward-looking statements.
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