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EDEN PRAIRIE, Minn. -- (November 14, 2003) --Kontron Mobile Computing, Inc. (OTC BB: KMBC), today announced results for the third quarter of 2003.
For the quarter, the company reported operating income of $164,091, compared to an operating loss of $356,789 for third quarter 2002. Net income was $21,266, or $0.00 per share, on revenue of $3.2 million, compared to a net loss of $547,448 or $(0.04) per share, on revenue of $2.4 million during the same period in 2002.
"Quarterly revenues during the period were our highest to date for 2003 and represent a 37 percent increase over third quarter revenues in 2002," said Thomas Sparrvik, CEO. "We enter the fourth quarter -- historically our strongest -- with our newest product, the ReVolution, now in full production. Orders for the ReVolution and our other products remain strong and we expect this to be the case for the balance of this year and into 2004."
About Kontron Mobile Computing, Inc.
A Minnesota corporation, Kontron Mobile Computing, Inc., has designed, manufactured and marketed rugged computers for a variety of industries and applications worldwide since 1992. It also provides product customization, integration and support services. The company is headquartered in Eden Prairie, Minn., with sales, service and manufacturing locations worldwide. It is traded on the U.S. Over the Counter Bulletin Board under the ticker symbol KMBC.
Kontron Mobile Computing is the mobile computing affiliate of Kontron AG, Munich, Germany. For more information, visit Kontron Mobile Computing online at www.kontronmobile.com, or phone the company toll-free at 1-888-343-5396.
Forward-looking statements in this news release, if any, are made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Certain important factors could cause results to differ materially from those anticipated by the statements, including the impact of changing economic or business conditions, the impact of competition, the availability of financing, the success of products in the marketplace, other risk factors inherent in the computer industry and other factors discussed from time to time in reports filed by the Company with the Securities and Exchange Commission.
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