SOURCE: Mobile Reach International

November 28, 2005 09:37 ET

Mobile Reach Forecasts Positive Sales Growth

Sales Continue to Increase as Clients Enjoy Significant Return on Mobile Reach Projects

CARY, NC -- (MARKET WIRE) -- November 28, 2005 -- Mobile Reach International, Inc. (OTC BB: MOBR), the recognized leader for providing IT Asset Management solutions on barcode scanners to enterprises and government entities, today announced its expectations for their anticipated trend in quarter over quarter sales growth, which they expect to continue for the coming quarters. Mobile Reach anticipates the most aggressive growth in sales of its IT Asset Management solutions with barcode scanning as a means to fast and painless tracking of IT assets as required by Section 404 of The Sarbanes-Oxley Act.

The Company said that increased marketing efforts, repeat business, and partner sales continue to drive sales higher. Revenues for the quarter ending January 31, 2006, are anticipated by management to be up to 50% higher than the previous quarter. "Our commitment to making our products easy to use with a focus on our customer's return on investment has been well received by both customers and partners," says Mark J. Lloyd, President and Chief Technology Officer. Note that no guarantees can be given that the Company's sales forecast will be achieved.

"It is exciting to see our customers so quickly integrate the Mobile Reach barcode scanning solution into their IT Asset Management systems," continued Lloyd. "For example, after a recent half-day installation session at a Department of Defense customer, DoD technicians were able to immediately begin the work of barcode scanning and performing a comprehensive check of the location and ownership of desktop PCs, servers, and network equipment."

In addition to continued growth in the IT Asset Management solutions, Mobile Reach sees further growth for its IT Service Management solutions that provide for fast and efficient handling of service tickets by remote technicians. This growth is fueled by sales through its authorized resellers such as ITApps Limited (www.itapps.com) in Hong Kong, China. Success breeds success as stated best by ITApps sales manager Steven So, "I can report without reservation that Mobile Reach's product has increased the productivity of my client, one of the largest airports in the world; the project has paid for itself many times over. I am now recommending the Mobile Reach product to my other clients."

About Mobile Reach International

Mobile Reach, the recognized leader for providing IT Asset Management solutions on barcode scanners to enterprises and government entities, provides 'On-Time-All-the-Time' software and related services for BlackBerry devices, personal digital assistants, barcode scanning devices, tablet computers, and laptop computers. Right now, Mobile Reach software is creating efficiency in the hands of IT field technicians, inventory specialists, cardiology physicians, infectious disease investigators, utility repair technicians, warehouse mangers, seaport dock managers, retail inventory managers, and airport tarmac workers. Our team has developed the industry's most advanced mobile work-flow management system which allows our customers operate so efficiently that they routinely reassign more than 20% of their mobile workers to other business critical tasks.

Investors are invited to visit Mobile Reach's Investor relations headquarters at http://www.StockBroadcasting.com/featured/MOBR/ for more information.

This press release contains forward-looking statements, which are made pursuant to the Safe-Harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as "intends," "believes" and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies, the ability to secure additional sources of finance, the ability to reduce operating expenses, and other factors described in the company's respective filings with the Securities and Exchange Commission. The actual results that the company achieves may differ materially from any forward-looking statement due to such risks and uncertainties. The company undertakes no obligation to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.

Contact Information

  • Contact:
    Investor Relations
    Brian Balbirnie
    Mobile Reach International, Inc.
    Phone: (919) 336-2500 x3
    Fax: (919) 882-9056
    Email Contact

    Press Relations
    Jim Learish
    Stock Broadcasting, Inc.
    Phone: (919) 827-4261
    Fax: (919) 573-0888
    Email Contact