Road, Inc (1109537) SEC Filing 10-K Annual report for the fiscal year ending Friday, December 31, 2004

Exhibit 99.1

 

NEWS RELEASE	FOR IMMEDIATE
	RELEASE
Contact:
Michael Johnson	David J. Lebedeff
Chief Financial Officer	Vice President Investor Relations
@Road	@Road
510-870-1099	510-870-1317
mjohnson@road-inc.com	dlebedeff@road-inc.com

 

 

@Road^® Reports Quarterly & Annual Results
2004 Revenues Increase 19% Over 2003

 

Fremont, CA – February 3, 2005 –

@Road, Inc. (Nasdaq: ARDI), a leading provider of mobile resource management (MRM) services, today announced its results for the fourth quarter ended December 31, 2004.

 

Total revenues for the fourth quarter of 2004 were $19.9 million, up approximately 16 percent from $17.2 million reported for the same period in 2003 and up approximately 4 percent from $19.1 million for the third quarter of 2004.  Service revenue for the fourth quarter of 2004 was $15.5 million, up approximately 13 percent from $13.7 million reported for the same period in 2003 and up approximately 4 percent from $14.9 million for the third quarter of 2004.

 

“During the quarter, we continued to focus on delivering valuable MRM solutions to our customers,” said Krish Panu, president and CEO of @Road.  “We are looking forward to closing our previously announced acquisition of Vidus Limited.  When available, we believe that our integrated solution can deliver even more value to our customers going forward,” commented Mr. Panu.