NUR Macroprinters Updates First Quarter 2001 Financial Guidance

Apr 02, 2001, 01:00 ET from NUR Macroprinters Ltd.

    LOD, Israel, April 2 /PRNewswire/ --
 NUR Macroprinters Ltd. (Nasdaq:   NURM), a world-leading manufacturer of wide
 and super wide format digital printing systems and consumables, today updates
 its previously reported financial guidance for first quarter 2001 revenues and
 earnings.
     The Company reported it now expects revenues for the first quarter of 2001
 to be approximately $31 million, an increase of 44% as compared with the
 revenues for the first quarter of 2000 of $21.5 million.  In addition, the
 Company anticipates to break even, before anticipated one-time restructuring
 costs of approximately $2.5 million, compared with $0.18 profit per share for
 the first quarter of 2000. NUR said that its revised guidance for the quarter
 is primarily due to weaker sales then expected in North America.
     With weakening macroeconomics climate, NUR is currently implementing a
 restructuring plan, to align the Company's cost structure with a more
 conservative growth rate. However, the Company will continue its intensive R&D
 investments and increased attention to upgrading its existing infrastructures,
 including the customer service network, employee training and quality control
 processes, as previously planned. The Company believes that these investments
 are critical to the next phase of NUR's corporate development.
     "The past year was one of tremendous growth and excitement for NUR," said
 President and CEO Mr. Erez Shachar of NUR Macroprinters Ltd. "We experienced
 more than 100% revenue growth resulting from both our own internally generated
 momentum and our acquisition at mid-year of Salsa Digital. Our sales in the
 United States have been strongly affected by the current economic uncertainty;
 however, we believe that this situation is only temporary, and does not
 reflect a structural change in our industry. We continue to witness growth in
 other regions, and have not changed our long-term strategic outlook for the
 growth prospects in the wide-format digital printing market, since we
 anticipate that the replacement process of screen-printing by digital-printing
 is inevitable."
     NUR Macroprinters cordially invites you to participate in our interactive
 conference call today, April 2, 2001, at 10:00 AM ET.
     If you wish to participate, please call the conference center
 approximately 5-10 minutes prior to conference time.  The dial-in number is
 719-457-2641. For your convenience, an instant replay will be available today,
 April 2, 2001 at 13:00 PM ET until April 4, 2001 at 8:00 PM ET. The replay
 telephone number is 719-457-0820; the replay code is 425723.
 A live broadcast of the conference call will also be available online at
 http://www.nur.com/investors, on April 2, 2001, beginning at 10:00 AM ET.
 Please go to the Web site at least 15 minutes before the broadcast to
 register, download and install any necessary audio software.
 
     About NUR Macroprinters Ltd.
     NUR Macroprinters (Nasdaq:   NURM) is a global market leader in wide and
 super wide digital printing solutions for the out-of-home advertising market.
 From its photorealistic printers to its high throughput production presses,
 NUR's comprehensive line of digital printers and consumables address the
 complete range of wide and super wide format digital printing requirements.
 NUR's fully digital printing solutions help customers in more than 50
 countries worldwide deliver the high quality and fast turnaround they need to
 meet their customers' wide ranging printing requirements. More information
 about NUR Macroprinters is available at http://www.NUR.com
 
     CERTAIN STATEMENTS MADE HEREIN THAT USE THE WORDS "ESTIMATE," "PROJECT,"
 "INTEND," "EXPECT," "BELIEVE" AND SIMILAR EXPRESSIONS ARE INTENDED TO IDENTIFY
 FORWARD-LOOKING STATEMENTS WITHIN THE MEANING OF THE PRIVATE SECURITIES
 LITIGATION REFORM ACT OF 1995. THESE FORWARD-LOOKING STATEMENTS INVOLVE KNOWN
 AND UNKNOWN RISKS AND UNCERTAINTIES WHICH COULD CAUSE THE ACTUAL RESULTS,
 PERFORMANCE OR ACHIEVEMENTS OF NUR MACROPRINTERS LTD. TO BE MATERIALLY
 DIFFERENT FROM THOSE WHICH MAY BE EXPRESSED OR IMPLIED BY SUCH STATEMENTS,
 INCLUDING, AMONG OTHERS, CHANGES IN GENERAL ECONOMIC AND BUSINESS CONDITIONS
 AND SPECIFICALLY, DECLINE IN DEMAND FOR NUR MACROPRINTERS LTD.'S PRODUCTS,
 INABILITY TO TIMELY DEVELOP AND INTRODUCE NEW TECHNOLOGIES, PRODUCTS AND
 APPLICATIONS AND LOSS OF MARKET SHARE AND PRESSURE ON PRICES RESULTING FROM
 COMPETITION. FOR ADDITIONAL INFORMATION REGARDING THESE AND OTHER RISKS AND
 UNCERTAINTIES ASSOCIATED WITH THE COMPANY'S BUSINESS, REFERENCE IS MADE TO NUR
 MACROPRINTERS LTD.'S REPORTS FILED FROM TIME TO TIME WITH THE SECURITIES AND
 EXCHANGE COMMISSION.
 
 

SOURCE NUR Macroprinters Ltd.
    LOD, Israel, April 2 /PRNewswire/ --
 NUR Macroprinters Ltd. (Nasdaq:   NURM), a world-leading manufacturer of wide
 and super wide format digital printing systems and consumables, today updates
 its previously reported financial guidance for first quarter 2001 revenues and
 earnings.
     The Company reported it now expects revenues for the first quarter of 2001
 to be approximately $31 million, an increase of 44% as compared with the
 revenues for the first quarter of 2000 of $21.5 million.  In addition, the
 Company anticipates to break even, before anticipated one-time restructuring
 costs of approximately $2.5 million, compared with $0.18 profit per share for
 the first quarter of 2000. NUR said that its revised guidance for the quarter
 is primarily due to weaker sales then expected in North America.
     With weakening macroeconomics climate, NUR is currently implementing a
 restructuring plan, to align the Company's cost structure with a more
 conservative growth rate. However, the Company will continue its intensive R&D
 investments and increased attention to upgrading its existing infrastructures,
 including the customer service network, employee training and quality control
 processes, as previously planned. The Company believes that these investments
 are critical to the next phase of NUR's corporate development.
     "The past year was one of tremendous growth and excitement for NUR," said
 President and CEO Mr. Erez Shachar of NUR Macroprinters Ltd. "We experienced
 more than 100% revenue growth resulting from both our own internally generated
 momentum and our acquisition at mid-year of Salsa Digital. Our sales in the
 United States have been strongly affected by the current economic uncertainty;
 however, we believe that this situation is only temporary, and does not
 reflect a structural change in our industry. We continue to witness growth in
 other regions, and have not changed our long-term strategic outlook for the
 growth prospects in the wide-format digital printing market, since we
 anticipate that the replacement process of screen-printing by digital-printing
 is inevitable."
     NUR Macroprinters cordially invites you to participate in our interactive
 conference call today, April 2, 2001, at 10:00 AM ET.
     If you wish to participate, please call the conference center
 approximately 5-10 minutes prior to conference time.  The dial-in number is
 719-457-2641. For your convenience, an instant replay will be available today,
 April 2, 2001 at 13:00 PM ET until April 4, 2001 at 8:00 PM ET. The replay
 telephone number is 719-457-0820; the replay code is 425723.
 A live broadcast of the conference call will also be available online at
 http://www.nur.com/investors, on April 2, 2001, beginning at 10:00 AM ET.
 Please go to the Web site at least 15 minutes before the broadcast to
 register, download and install any necessary audio software.
 
     About NUR Macroprinters Ltd.
     NUR Macroprinters (Nasdaq:   NURM) is a global market leader in wide and
 super wide digital printing solutions for the out-of-home advertising market.
 From its photorealistic printers to its high throughput production presses,
 NUR's comprehensive line of digital printers and consumables address the
 complete range of wide and super wide format digital printing requirements.
 NUR's fully digital printing solutions help customers in more than 50
 countries worldwide deliver the high quality and fast turnaround they need to
 meet their customers' wide ranging printing requirements. More information
 about NUR Macroprinters is available at http://www.NUR.com
 
     CERTAIN STATEMENTS MADE HEREIN THAT USE THE WORDS "ESTIMATE," "PROJECT,"
 "INTEND," "EXPECT," "BELIEVE" AND SIMILAR EXPRESSIONS ARE INTENDED TO IDENTIFY
 FORWARD-LOOKING STATEMENTS WITHIN THE MEANING OF THE PRIVATE SECURITIES
 LITIGATION REFORM ACT OF 1995. THESE FORWARD-LOOKING STATEMENTS INVOLVE KNOWN
 AND UNKNOWN RISKS AND UNCERTAINTIES WHICH COULD CAUSE THE ACTUAL RESULTS,
 PERFORMANCE OR ACHIEVEMENTS OF NUR MACROPRINTERS LTD. TO BE MATERIALLY
 DIFFERENT FROM THOSE WHICH MAY BE EXPRESSED OR IMPLIED BY SUCH STATEMENTS,
 INCLUDING, AMONG OTHERS, CHANGES IN GENERAL ECONOMIC AND BUSINESS CONDITIONS
 AND SPECIFICALLY, DECLINE IN DEMAND FOR NUR MACROPRINTERS LTD.'S PRODUCTS,
 INABILITY TO TIMELY DEVELOP AND INTRODUCE NEW TECHNOLOGIES, PRODUCTS AND
 APPLICATIONS AND LOSS OF MARKET SHARE AND PRESSURE ON PRICES RESULTING FROM
 COMPETITION. FOR ADDITIONAL INFORMATION REGARDING THESE AND OTHER RISKS AND
 UNCERTAINTIES ASSOCIATED WITH THE COMPANY'S BUSINESS, REFERENCE IS MADE TO NUR
 MACROPRINTERS LTD.'S REPORTS FILED FROM TIME TO TIME WITH THE SECURITIES AND
 EXCHANGE COMMISSION.
 
 SOURCE  NUR Macroprinters Ltd.