Check Technology Corporation Adjusts Second Quarter Expectations

Apr 25, 2001, 01:00 ET from Check Technology Corporation

    MINNEAPOLIS, April 25 /PRNewswire/ --
     Check Technology Corporation (Nasdaq: CTCQ) announced today that due to
 the adverse impact of changes in foreign currency exchange rates during the
 second quarter ended March 31, 2001, it now expects to report results below
 the range of $0.03 to $0.06 per share projected previously.  While results for
 the quarter are still preliminary, the company said that the impact of the
 stronger U.S. dollar on the valuation of certain accounts and assets of its
 foreign subsidiaries is expected to reduce second-quarter earnings to $.01 to
 $.02 per share.
     Check Technology lost $0.03 per share in the second quarter a year ago,
 and earned $0.08 per share in the first quarter of this year.
     The company will report second quarter results on Tuesday, May 8, 2001.
 
     About Check Technology Corporation.  Founded in 1981, Check Technology
 Corporation is a global leader in the design, manufacture and delivery of
 advanced print-production systems for financial, security, forms and
 commercial printers worldwide.  The company currently has more than 430
 systems installed and does business in more than 50 countries.  Headquartered
 in Minneapolis, with offices in the United Kingdom, France and Australia, the
 company's common stock is publicly traded on the Nasdaq National Market tier
 of the Nasdaq Stock Market under the symbol:  CTCQ.  Additional information is
 available on the company's website at http://www.checktechnology.com
 
     Statements made in this release concerning the company's or management's
 expectations about future results or events are "forward-looking statements."
 Such statements are necessarily subject to risks and uncertainties that could
 cause actual results to vary materially from stated expectations.  Additional
 information concerning the factors that could cause actual results to differ
 materially from the Company's current expectations is contained in the
 company's periodic filings with the Securities and Exchange Commission.
 
     For more information contact Karen Snedeker of BlueFire Partners, Inc.,
 612-344-1024, ksnedeker@bluefirepartners.com , for Check Technology
 Corporation, or Rob Barniskis, Chief Financial Officer of Check Technology
 Corporation, 952-939-9000, Ext. 208, rbarniskis@checktechnology.com
 
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SOURCE Check Technology Corporation
    MINNEAPOLIS, April 25 /PRNewswire/ --
     Check Technology Corporation (Nasdaq: CTCQ) announced today that due to
 the adverse impact of changes in foreign currency exchange rates during the
 second quarter ended March 31, 2001, it now expects to report results below
 the range of $0.03 to $0.06 per share projected previously.  While results for
 the quarter are still preliminary, the company said that the impact of the
 stronger U.S. dollar on the valuation of certain accounts and assets of its
 foreign subsidiaries is expected to reduce second-quarter earnings to $.01 to
 $.02 per share.
     Check Technology lost $0.03 per share in the second quarter a year ago,
 and earned $0.08 per share in the first quarter of this year.
     The company will report second quarter results on Tuesday, May 8, 2001.
 
     About Check Technology Corporation.  Founded in 1981, Check Technology
 Corporation is a global leader in the design, manufacture and delivery of
 advanced print-production systems for financial, security, forms and
 commercial printers worldwide.  The company currently has more than 430
 systems installed and does business in more than 50 countries.  Headquartered
 in Minneapolis, with offices in the United Kingdom, France and Australia, the
 company's common stock is publicly traded on the Nasdaq National Market tier
 of the Nasdaq Stock Market under the symbol:  CTCQ.  Additional information is
 available on the company's website at http://www.checktechnology.com
 
     Statements made in this release concerning the company's or management's
 expectations about future results or events are "forward-looking statements."
 Such statements are necessarily subject to risks and uncertainties that could
 cause actual results to vary materially from stated expectations.  Additional
 information concerning the factors that could cause actual results to differ
 materially from the Company's current expectations is contained in the
 company's periodic filings with the Securities and Exchange Commission.
 
     For more information contact Karen Snedeker of BlueFire Partners, Inc.,
 612-344-1024, ksnedeker@bluefirepartners.com , for Check Technology
 Corporation, or Rob Barniskis, Chief Financial Officer of Check Technology
 Corporation, 952-939-9000, Ext. 208, rbarniskis@checktechnology.com
 
                      MAKE YOUR OPINION COUNT - Click Here
                http://tbutton.prnewswire.com/prn/11690X33581014
 
 SOURCE  Check Technology Corporation