SOURCE: Analysts International
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October 16, 2006 08:00 ET
Analysts International to Hold Third Quarter Conference Call October 26, 2006
Preliminary Third Quarter Results Show Revenue Up 9% Over Third Quarter 2005
MINNEAPOLIS, MN -- (MARKET WIRE) -- October 16, 2006 -- Analysts International (NASDAQ: ANLY) today
announced preliminary results for the quarter ended September 30, 2006.
Based on its current outlook, Analysts International expects revenue for
its third quarter to be between $85 million and $86 million, up nearly 9%
from the third quarter of 2005, and below the Company's previous guidance
of $88 million to $90 million. Analysts International expects its diluted
loss from operations to be approximately $0.02 per diluted share, up from a
loss of $0.63 per diluted share in third quarter 2005.
The Company will announce its third quarter 2006 financial results before
the market opens on Thursday, October 26, 2006, and hold a conference call
to discuss those results at 9:30 am CDT that day. Participants may access
the call by dialing-1-888-694-4767 or-1-973-582-2751 for international
participants, and asking for the Analysts International conference call
moderated by company president and CEO Jeff Baker. The call may also be
accessed via the Internet at www.analysts.com, where it will be archived.
Interested parties can also hear a replay of the call from 11:30 am CDT on
October 26, 2006 to 10:59 pm CDT on November 2, 2006, by calling
1-877-519-4471 and using access code 7959349.
About Analysts International
Headquartered in Minneapolis, Analysts International is a diversified IT
services company. In business since 1966, the company has sales and
customer support offices in the United States and Canada. Lines of
business include Full Service Staffing, which provides high demand
resources for supporting a client's IT staffing needs; Solutions Services,
which provides business solutions and network infrastructure services;
Managed IT Services and Government Solutions. The company partners with
best-in-class IT organizations, allowing access to a wide range of
expertise, resources and expansive geographical reach. For more
information, visit www.analysts.com.
Cautionary Statement for the Purpose of Safe Harbor Provisions of the
Private Securities Litigation Reform Act of 1995
This Press Release contains forward-looking statements within the meaning
of the safe harbor provisions of the Private Securities Litigation Reform
Act of 1995. In some cases, forward-looking statements can be identified by
words such as "believe," "expect," "anticipate," "plan," "potential,"
"continue" or similar expressions. Forward-looking statements also include
the assumptions underlying or relating to any of the foregoing statements.
Such forward-looking statements are based upon current expectations and
beliefs and are subject to a number of factors and uncertainties that could
cause actual results to differ materially from those described in the
forward-looking statements. Statements made in this Press Release by the
Analysts International Corporation ("Analysts" or the "Company") regarding
the Company's expectations as to revenue and earnings for the third quarter
of its fiscal year 2006 are forward-looking statements. These statements
are not guarantees of future performance, involve certain risks,
uncertainties and assumptions that are difficult to predict, and are based
upon assumptions as to future events that may not prove accurate.
Therefore, actual outcomes and results may differ materially from what is
expressed herein. In any forward-looking statement in which Analysts
expresses an expectation or belief as to future results, such expectation
or belief is expressed in good faith and believed to have a reasonable
basis, but there can be no assurance that the statement or expectation or
belief will result or be achieved or accomplished. The following factors,
among others, could cause actual results to differ materially from those
described in the forward-looking statements: (i) completion of the
accounting and financial review processes, including the Company's fair
value assessment concerning goodwill (FAS 142); and (ii) other economic,
business, competitive and/or regulatory factors affecting Analysts'
business generally, including those set forth in Analysts' filings with the
SEC, including its Annual Report on Form 10-K for its most recent fiscal
year, especially in the Management's Discussion and Analysis section, its
most recent Quarterly Report on Form 10-Q and its Current Reports on Form
8-K. All forward-looking statements included in this Press Release are
based on information available to Analysts on the date of the Press
Release. Analysts undertakes no obligation (and expressly disclaims any
such obligation) to update forward-looking statements made in this Press
Release to reflect events or circumstances after the date of this Press
Release or to update reasons why actual results would differ from those
anticipated in such forward-looking statements.