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

Road, Inc

CIK: 1109537

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.

 


The following information was filed by Road, Inc on Thursday, February 3, 2005 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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SEC Filing Tools
CIK: 1109537
Form Type: 10-K Annual Report
Accession Number: 0001047469-05-006453
Submitted to the SEC: Tue Mar 15 2005 12:12:06 PM EST
Accepted by the SEC: Tue Mar 15 2005
Period: Friday, December 31, 2004
Industry: Computer Integrated Systems Design

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