Dialog Group Reports Improved 2nd Quarter Results - Nearing Profitability
Posted on: Monday, 23 August 2004, 06:00 CDT
NEW YORK, Aug. 23 /PRNewswire-FirstCall/ -- Dialog Group Inc. (OTC Pink Sheets: DLGG), a leading provider of relationship marketing communications services and targeted databases for the healthcare and financial, business markets, today reported improved 2nd quarter operating results.
According to company President and CEO, Peter V. DeCrescenzo, Dialog Group is approaching profitability as the result of a company-wide restructuring plan that began toward the end of 2003. As a result of the restructuring, revenues for the 2nd quarter were 10 percent above those earned in the 1st quarter and 2nd quarter gross profits improved 27 percent over 2004's 1st quarter.
"Because of improved gross profits, our loss before discontinued operations for the quarter was almost eliminated, reduced to $6,633 or a negligible ($0.001) per share," said DeCrescenzo. "We're very encouraged by the most recent financial results and we will continue to pursue all avenues to increase sales while reducing operating costs and cost of goods sold in both of our operating units, Healthcare Dialog and Data Dialog."
About Dialog Group
Dialog Group is a provider of relationship marketing communications services, business and consumer targeting databases for the healthcare, financial and other direct-to-consumer, direct-to-professional business markets. Headquartered in New York, New York, it has two operating units, Data Dialog, Inc. and Healthcare Dialog Inc. The Company services a vast array of clients from small business to multinational corporations. Current and past clients include Novartis AG; Schering-Plough, GlaxoSmithKline; Johnson and Johnson. It is only one of seven marketing referral partners of the United States Postal Service (USPS) with a visible presence on their website as an authorized direct mail merchant. The Company operates an integrated platform for businesses via a large network of television and radio websites. Currently, that network is comprised of 85 media properties including stations from NBC, Cox Television, Hearst, Post-Newsweek and Scripps Howard. For further information about the Company, please visit http://www.dialoggroup.com/.
Contact: Peter V. DeCrescenzo
212-719-7010
Dialog Group Inc.
CONTACT: Peter V. DeCrescenzo, Dialog Group, +1-212-719-7010
Web site: http://www.dialoggroup.com/
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