SOURCE: Data Call Technologies

Data Call Technologies

March 30, 2015 12:23 ET

Data Call Technologies Reports Exceptional End of Year Financial Results for 2014

FRIENDSWOOD, TX--(Marketwired - Mar 30, 2015) - Data Call Technologies, Inc. (OTCQB: DCLT) (the "Company" or "Data Call") is an internet-based company specializing in the aggregation and delivery of news and information content for the Digital Signage Industry. The Company has been recognized by its peers as a pioneer with the wide range of its product offerings for the Digital Signage space since the early part of this decade.

The Company today announced its financial results for the year ended December 31, 2014. For the first time, the Company was able to remove the "Going Concern Clause" from its financial statements. The removal of this clause is a direct result in management proving the commitment of fiscal responsibility while continually growing the company. These results are directly relative to the company's management restructure the first quarter of 2013. The Company reported record revenues of $671,814 for the year ended December 31, 2014, compared to sales revenue of $630,395 for the year ended December 31, 2013, an increase in sales revenue of $41,419 from the prior year.

The company decreased its expenses to $645,853 for the year ended December 31, 2014, compared to total expenses of $675,475 for the year ended December 31, 2013, a decrease in expenses of $29,600 from the prior year. The decrease in expenses is directly related to the company's continued efforts to reduce cost. The company had non-cash expense of $265,487, which was for common stock for its officers and directors of $184,778, options expense of $4,709 and valuation of Preferred B expense of $76,000. The nonrecurring cash expense which the company expensed for its departed officers and directors totaled $11,750 in 2014. The company had a net loss of $111,027 for the year ended December 31, 2014, compared to a net loss of $220,169 for the year ended December 31, 2013. The adjusted net profit from operations for 2014 was $154,460 as compared to 2013 which was $82,006. Net Profit from operations is calculated by subtracting the non-cash items of $265,487 from the loss of $111,027.

While there can be no assurance regarding operating results in 2015, the company believes that it will experience a significant reduction in non-cash expense as well as increased operating revenues which should result in profitable operations.

The Company's CEO, Tim Vance, stated, "The positive trend that we are locking into, is in fact, the course that we targeted in the beginning of 2013. We are beginning to experience larger deployments through our partner network, a direct result from the addition of our latest products, which in turn drives more subscription sales. Our business integrity combined with our technical agility in this industry continues to grow our momentum."

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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.

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