DataMetrics Corporation Reports 74% Sales Growth in First Quarter

DataMetrics a 40 year old defense contractor is coming back strong. Posting a 64% sales growth in FY 2001 and a 74% sales growth in Q1 of 2002 is impressive performance.

FOR IMMEDIATE RELEASE

DataMetrics Corporation Reports 74% Sales Growth in First Quarter
CONTACT: DataMetrics Corporation, Daniel Bertram (407) 251-4577, dbertram@datametricscorp.com
Tuesday, March 26, 2002, Orlando, Florida - DataMetrics Corporation (OTCBB: DMTR) announced today a 74% increase in sales for the first quarter of its fiscal year 2002 over previous period to $1.494 Million. The results are contained in the Companys form 10-Q for the quarter ending January 27, 2002, which was filed with the SEC yesterday.
DataMetrics reported a $34,000 profit from operations during the quarter, as opposed to a loss from operations of $876,000 during the same period the previous year. The Company further reported a net loss in the quarter of $156,000 or $0.004 per share of common stock, compared to a net loss of $140,000 or $0.01 during the same period last year.
The first quarter was a busy time for us," said DataMetrics President and CEO Daniel Bertram, we executed the license agreement with 3M, and acquired Peripheral Equipment Corporation (PEC), which has since been moved from California and integrated into our Orlando operation."
The 3M license agreement is part of the plan to de-emphasize our non-profitable commercial businesses," added Mr. Bertram, while the PEC acquisition affirms our commitment to growth in the military/defense market."
DataMetrics Corporation is a leading manufacturer of ruggedized computers, printers, peripherals and integrated systems for government, military/defense and aerospace markets. DataMetrics also designs, develops and manufactures high-speed color, non-impact printers/plotters for specialized industrial applications. DataMetrics Corporation is headquartered in Orlando, Florida.
Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties, such as quarterly fluctuations in operating results, the timely availability of new products, the impact of competitive products and pricing, and other risks detailed in the Company's filing with the Securities and Exchange Commission, including the Company's Form 10-K for the fiscal year ended October 28, 2001. These risks and uncertainties could cause actual results to differ materially from any forward-looking statements made in this press release.