Previo Reports Results for the Second Fiscal Quarter of 2001; - Company Sees Positive Results From Core Product Offering -

Apr 30, 2001, 01:00 ET from Previo, Inc.

    SAN DIEGO, April 30 /PRNewswire/ -- Previo, Inc. (Nasdaq:   PRVO), an
 innovator of eSupport products and services for enterprise Help Desk and
 Desktop Services organizations, today announced financial results for its
 second fiscal quarter ended March 31, 2001.  Revenues for the quarter totaled
 $1.9 million resulting in a net loss of $1.7 million ($0.26 per common share).
 
     Highlights from this quarter include:
 
     -- Addition of New Enterprise Customers -- Delivered initial orders to
        new enterprise customers, including Alcon Laboratories, Carlson
        Wagonlit Travel, Nortel Networks, Intervoice Brite, Bekaert,
        Prudential, U.S. Internetworking, and ABB.  In addition, delivered
        follow-on orders to existing customers AC Nielsen and Motorola.  "We
        are especially encouraged by the fact that Previo's enterprise
        customers find our product so valuable that they place substantial
        additional orders to extend our product's benefits to more of their
        employees," said Tom Dilatush, Chief Executive Officer of Previo.
 
     -- Patent Infringement Lawsuit Against Support.com -- Filed a suit
        alleging that Support.com is selling software products that infringe
        Previo's valuable patented technology.  Previo seeks compensation and a
        permanent injunction against Support.com's alleged continuing
        infringement. The patented invention that is the subject of litigation,
        dramatically reduces network traffic and the storage capacity required
        to keep and transmit the file copies.  "Our patent covers the only
        practical means we know to deliver the benefits we do," said Dilatush.
 
     -- Subscription Pricing Model -- Introduced monthly and annual
        subscriptions for eSupport Essentials.  Selling by subscription means
        that rather than licensing a product for an indefinite term, the
        customer pays a fee based on product usage.  The subscription pricing
        model allows customers to use our products without making the same
        irrevocable financial or technological commitments that are involved
        when a customer must pay a perpetual license fee.  It reduces barriers
        to purchase by offering customers the greatest flexibility, with only a
        small initial investment and no capital budget requirement.
 
     -- Hired Enterprise Support Services Veteran -- Selected and recruited Rae
        Ann Bruno as VP, Strategic Relations.  Ms. Bruno is spearheading
        Previo's eSupport advocacy and education program to raise awareness
        among IT executives of the vital role of the Help Desk in companies
        that assist the Company's personnel in correcting various software
        problems.  Since joining Previo in March, Ms. Bruno has spoken at a
        half dozen industry events about the disparity between what companies
        expect from their IT organizations and what the Help Desk is able to
        deliver, and how eSupport technology can bridge the gap.
 
     -- Appointed New Chairman of the Board -- Appointed Corey Smith as the
        Chairman of the Board in March.  Mr. Smith has been involved with
        Previo for more than a decade, through advisory roles and service on
        the board.  His strong entrepreneurial experience with businesses such
        as Hewlett-Packard, Central Point Software, XcelleNet Inc., Creative
        Multimedia and others, bring Previo years of experience in growing
        emerging businesses which we believe provides Previo with a competitive
        advantage.
 
     "We're pleased to see positive results from our core products," said
 Dilatush.  "Overall, we are not seeing any significant effects from the
 slowing economy.  While some potential customers are cutting spending, others
 are focusing IT spending on products like ours that offer a clear and near
 term return on their investment.  We will continue to be prudent with our
 capital investments and careful to focus our marketing efforts on targeted
 programs for revenue generation.  These targeted marketing programs are
 helping us to broaden our customer base and build awareness for our products
 and their benefits."
     The Company reported total revenues of $1.9 million for the quarter ended
 March 31, 2001 and $3.8 million for the six month period then ended, compared
 to revenues of $2.1 million in the second quarter of fiscal 2000 and
 $5.3 million in the six months ended March 31, 2000.  Revenues from enterprise
 and OEM customers for eSupport Essentials products totaled $0.9 million and
 $1.4 million, respectively, for the three and six month periods ended March
 31, 2001.
     The Company reported a net loss for the quarter ended March 31, 2001 of
 $1.7 million, or $0.26 per common share, compared to a net loss of
 $2.3 million, or $0.36 per common share, for the second fiscal quarter of
 2000.  For the six months ended March 31, 2001 the Company reported a loss of
 $2.9 million, or $0.42 per common share, compared to a loss of $2.8 million or
 $0.44 per common share for the six months ended March 31, 2000.
 
 
     Revenues
 
     Revenues declined from the comparable quarter of the prior fiscal year,
 primarily due to the Company's repositioning itself into the eSupport
 marketplace.  During the past year, the Company discontinued its previously
 existing, non-eSupport product lines as part of its entry into the eSupport
 market.  Diminishing revenues reflect the impact of this repositioning.
 
 
     Operating Expenses
 
     Operating expenses were $3.8 million and $7.2 million for the quarter and
 six month period ended March 31, 2001, respectively, compared to operating
 expenses of $4.4 and $8.2 million for the quarter and six months ended March
 31, 2000, respectively.
     Research and development expenses for the March 2001 quarter decreased to
 $0.9 million from $1.2 million for the same quarter in the prior year, and to
 $2.0 million in the six months ended March 31, 2001 from $2.5 million in the
 six months ended March 31, 2000.  The decline in both periods was primarily
 due to lower consulting costs, related to consultants who had been retained to
 assist the company with certain non-recurring engineering in the fiscal 2000
 period, as well as lower spending on product localization.  The Company
 expects to continue to expend significant development resources as it
 aggressively focuses on creating and promoting new eSupport products.
     Sales and marketing expenses for the March 2001 quarter were $2.1 million,
 compared to $2.6 million in the previous year's comparable quarter.  Such
 expenses were $3.8 million for the six month period ended March 31, 2001,
 compared to $4.5 million for the comparable period of the prior fiscal year.
 The decrease in expenses in the quarter and six-month period ended March 31,
 2001 compared to those of the quarter and six month period ended March 31,
 2000 is primarily lower spending on marketing programs during the fiscal 2001
 quarter and six month period.  Additionally a larger portion of ongoing
 customer support costs is being allocated to cost of sales in the fiscal 2001
 periods, consistent with the revenue generating activities they directly
 support.
     General and administrative expenses were $0.8 million and $0.6 million in
 the quarters ended March 31, 2001 and March 31, 2000 respectively, and
 $1.4 million and $1.2 million in the six months ended March 31, 2001 and March
 31, 2000, respectively.  The increase in expenses in both the three and six
 month periods ended March 31, 2001 is primarily due to increased spending
 related to salaries, legal costs and consulting.
 
 
     Balance Sheet
 
     Cash and short-term investments were $26.7 million at March 31, 2001, a
 $3.1 million decrease from September 30, 2000.  Cash used by operating losses
 were offset by reductions in receivable balances related to the collection of
 several large accounts during the period.  Based on outstanding shares of
 6,853,000 at March 31, 2001 there is $3.89 per outstanding share in cash and
 liquid investment assets.
 
 
     Outlook
 
     The Company will be introducing a major new product in the spring of 2001.
 The product will begin beta testing shortly, and first deliveries are expected
 in June.  The new product will automate moving the "personality" of a PC or
 laptop from one computer to another, or from one operating system to another,
 or even both at the same time.  A computer's personality is all the things
 that make that computer unique to a particular user -- favorites, desktop
 settings, documents, files, modem connections, and so on.  Moving a computer's
 personality manually is very time-consuming and error-prone.  With Previo's
 new product, a computer's personality is automatically preserved when
 upgrading hardware, migrating to Windows 2000 or another operating system,
 upgrading applications, and even when replacing a lost or broken computer.
 "This new product overcomes several challenges that IT organizations face
 every day," said Ms. Bruno.  "With traditional methods, several hours of a
 skilled technician's time is consumed in moving a user to a new computer or
 operating system -- and that move is almost always imperfectly or incompletely
 done."  Ms. Bruno continued, "After a manual move, the Help Desk typically
 gets multiple calls from each affected user as they try to get their
 computer's personality back.  With our new product, moves are complete and
 require only a few seconds of technician time.  IT can deliver higher service
 levels, increase user productivity, and reduce cost -- all at the same time."
     The Company expects to continue its investment in marketing programs
 designed to generate revenues.  As a result, the Company anticipates continued
 eSupport revenue growth in the third quarter.
 
 
     About Previo
 
     Previo (Nasdaq:   PRVO) is an innovator of eSupport product and services for
 enterprise Help Desk and Desktop Services organizations.  Previo's flagship
 product, eSupport Essentials, is based on patented technologies developed over
 the past ten years and used in dozens of products on millions of systems
 worldwide.  Previo sells both direct and through resellers, and has an array
 of strategic and OEM partnerships with industry leaders such as Miramar
 Systems, Peregrine Systems, and Remedy.
     For more information, contact Previo by telephone at 877.9PREVIO
 (877.977.3846) or (858) 794.3789; via e-mail at info@previo.com, or visit
 www.previo.com.
 
     Except for the historical information contained herein, this news release
 as well as the Company's SEC filings and website at www.previo.com contain
 forward-looking statements that involve risks and uncertainties within the
 meaning of the Private Securities Litigation Reform Act of 1995.  Actual
 results could vary materially from those discussed as a result of a number of
 factors including those set forth in the Company's Annual Report on Form 10-K
 and subsequent SEC filings.  In addition, those risks include, but are not
 limited to, risks relating to the Company's ability to achieve revenue growth
 in subsequent quarters or achieve sustained revenues in the third fiscal
 quarter, the impact on the company's business of switching to a subscription
 pricing model, uncertainties regarding continued growth of the e-support
 market, the Company's ability to timely introduce new products and the
 market's acceptance of those products, the risk of competitive product
 introductions from new or established competitors, risks relating to strategic
 transactions and corporate alliances that the Company may enter into,
 including the ability to enter into such transactions on favorable terms or at
 all and costs associated with such transactions, the risk that any such
 transactions may adversely affect the Company's business or the trading price
 of its stock, and the Company's ability to hire and retain senior management
 personnel.  The Company makes no assurances regarding the future success of
 its products. Some of these reports were filed under the name of Stac
 Software, Inc., Previo's predecessor company.
 
 
                                  PREVIO, INC.
                CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                    (in thousands, except per share amounts)
                                  (unaudited)
 
                                     Three Months Ended    Six Months Ended
                                          March 31,             March 31,
                                       2001      2000        2001      2000
 
     Net revenues                    $1,855     $2,084      $3,781    $5,262
 
     Cost of revenues                   159        453         334       706
 
     Gross margin                     1,696      1,631       3,447     4,556
 
     Operating expenses:
       Research and development         928      1,175       2,016     2,514
       Sales and marketing            2,146      2,557       3,798     4,477
       General and administrative       754        618       1,358     1,216
 
         Total operating expenses     3,828      4,350       7,172     8,207
 
     Operating loss                  (2,132)    (2,719)     (3,725)   (3,651)
 
     Interest income                    384        410         868       830
 
     Loss before income taxes        (1,748)    (2,309)     (2,857)   (2,821)
 
     Benefit from income taxes           --         --          --       (62)
 
     Net loss                       $(1,748)   $(2,309)    $(2,857)  $(2,759)
 
     Loss per common share,
      basic and diluted              $(0.26)   $ (0.36)    $(0.42)    $(0.44)
 
     Weighted average common
      shares, basic and diluted       6,850      6,336       6,845     6,212
 
 
                                  PREVIO, INC.
                     CONDENSED CONSOLIDATED BALANCE SHEETS
                                 (in thousands)
 
                              ASSETS
                                             March 31,      September 30,
                                                2001             2000
                                            (unaudited)
     Current assets:
       Cash and short-term investments        $26,664           $29,734
       Accounts receivable                        870             1,455
       Other current assets                       528               220
        Total current assets                   28,062            31,409
 
     Property and equipment, net                1,612             1,723
     Other assets                                 323               344
                                              $29,997           $33,476
 
       LIABILITIES AND STOCKHOLDERS' EQUITY
 
     Current liabilities:
       Accounts payable                          $976              $855
       Accrued expenses and other
         Current liabilities                    3,815             4,694
         Total current liabilities              4,791             5,549
 
     Other liabilities                             17                17
                                                4,808             5,566
 
     Stockholders' equity
       Common stock at par value                    9                 9
       Additional paid in capital              80,208            80,081
       Treasury stock                         (41,347)          (41,347)
       Cumulative translation adjustment          (61)              (70)
       Accumulated deficit                    (13,620)          (10,763)
         Total stockholders' equity            25,189            27,910
                                              $29,997           $33,476
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X37665018
 
 

SOURCE Previo, Inc.
    SAN DIEGO, April 30 /PRNewswire/ -- Previo, Inc. (Nasdaq:   PRVO), an
 innovator of eSupport products and services for enterprise Help Desk and
 Desktop Services organizations, today announced financial results for its
 second fiscal quarter ended March 31, 2001.  Revenues for the quarter totaled
 $1.9 million resulting in a net loss of $1.7 million ($0.26 per common share).
 
     Highlights from this quarter include:
 
     -- Addition of New Enterprise Customers -- Delivered initial orders to
        new enterprise customers, including Alcon Laboratories, Carlson
        Wagonlit Travel, Nortel Networks, Intervoice Brite, Bekaert,
        Prudential, U.S. Internetworking, and ABB.  In addition, delivered
        follow-on orders to existing customers AC Nielsen and Motorola.  "We
        are especially encouraged by the fact that Previo's enterprise
        customers find our product so valuable that they place substantial
        additional orders to extend our product's benefits to more of their
        employees," said Tom Dilatush, Chief Executive Officer of Previo.
 
     -- Patent Infringement Lawsuit Against Support.com -- Filed a suit
        alleging that Support.com is selling software products that infringe
        Previo's valuable patented technology.  Previo seeks compensation and a
        permanent injunction against Support.com's alleged continuing
        infringement. The patented invention that is the subject of litigation,
        dramatically reduces network traffic and the storage capacity required
        to keep and transmit the file copies.  "Our patent covers the only
        practical means we know to deliver the benefits we do," said Dilatush.
 
     -- Subscription Pricing Model -- Introduced monthly and annual
        subscriptions for eSupport Essentials.  Selling by subscription means
        that rather than licensing a product for an indefinite term, the
        customer pays a fee based on product usage.  The subscription pricing
        model allows customers to use our products without making the same
        irrevocable financial or technological commitments that are involved
        when a customer must pay a perpetual license fee.  It reduces barriers
        to purchase by offering customers the greatest flexibility, with only a
        small initial investment and no capital budget requirement.
 
     -- Hired Enterprise Support Services Veteran -- Selected and recruited Rae
        Ann Bruno as VP, Strategic Relations.  Ms. Bruno is spearheading
        Previo's eSupport advocacy and education program to raise awareness
        among IT executives of the vital role of the Help Desk in companies
        that assist the Company's personnel in correcting various software
        problems.  Since joining Previo in March, Ms. Bruno has spoken at a
        half dozen industry events about the disparity between what companies
        expect from their IT organizations and what the Help Desk is able to
        deliver, and how eSupport technology can bridge the gap.
 
     -- Appointed New Chairman of the Board -- Appointed Corey Smith as the
        Chairman of the Board in March.  Mr. Smith has been involved with
        Previo for more than a decade, through advisory roles and service on
        the board.  His strong entrepreneurial experience with businesses such
        as Hewlett-Packard, Central Point Software, XcelleNet Inc., Creative
        Multimedia and others, bring Previo years of experience in growing
        emerging businesses which we believe provides Previo with a competitive
        advantage.
 
     "We're pleased to see positive results from our core products," said
 Dilatush.  "Overall, we are not seeing any significant effects from the
 slowing economy.  While some potential customers are cutting spending, others
 are focusing IT spending on products like ours that offer a clear and near
 term return on their investment.  We will continue to be prudent with our
 capital investments and careful to focus our marketing efforts on targeted
 programs for revenue generation.  These targeted marketing programs are
 helping us to broaden our customer base and build awareness for our products
 and their benefits."
     The Company reported total revenues of $1.9 million for the quarter ended
 March 31, 2001 and $3.8 million for the six month period then ended, compared
 to revenues of $2.1 million in the second quarter of fiscal 2000 and
 $5.3 million in the six months ended March 31, 2000.  Revenues from enterprise
 and OEM customers for eSupport Essentials products totaled $0.9 million and
 $1.4 million, respectively, for the three and six month periods ended March
 31, 2001.
     The Company reported a net loss for the quarter ended March 31, 2001 of
 $1.7 million, or $0.26 per common share, compared to a net loss of
 $2.3 million, or $0.36 per common share, for the second fiscal quarter of
 2000.  For the six months ended March 31, 2001 the Company reported a loss of
 $2.9 million, or $0.42 per common share, compared to a loss of $2.8 million or
 $0.44 per common share for the six months ended March 31, 2000.
 
 
     Revenues
 
     Revenues declined from the comparable quarter of the prior fiscal year,
 primarily due to the Company's repositioning itself into the eSupport
 marketplace.  During the past year, the Company discontinued its previously
 existing, non-eSupport product lines as part of its entry into the eSupport
 market.  Diminishing revenues reflect the impact of this repositioning.
 
 
     Operating Expenses
 
     Operating expenses were $3.8 million and $7.2 million for the quarter and
 six month period ended March 31, 2001, respectively, compared to operating
 expenses of $4.4 and $8.2 million for the quarter and six months ended March
 31, 2000, respectively.
     Research and development expenses for the March 2001 quarter decreased to
 $0.9 million from $1.2 million for the same quarter in the prior year, and to
 $2.0 million in the six months ended March 31, 2001 from $2.5 million in the
 six months ended March 31, 2000.  The decline in both periods was primarily
 due to lower consulting costs, related to consultants who had been retained to
 assist the company with certain non-recurring engineering in the fiscal 2000
 period, as well as lower spending on product localization.  The Company
 expects to continue to expend significant development resources as it
 aggressively focuses on creating and promoting new eSupport products.
     Sales and marketing expenses for the March 2001 quarter were $2.1 million,
 compared to $2.6 million in the previous year's comparable quarter.  Such
 expenses were $3.8 million for the six month period ended March 31, 2001,
 compared to $4.5 million for the comparable period of the prior fiscal year.
 The decrease in expenses in the quarter and six-month period ended March 31,
 2001 compared to those of the quarter and six month period ended March 31,
 2000 is primarily lower spending on marketing programs during the fiscal 2001
 quarter and six month period.  Additionally a larger portion of ongoing
 customer support costs is being allocated to cost of sales in the fiscal 2001
 periods, consistent with the revenue generating activities they directly
 support.
     General and administrative expenses were $0.8 million and $0.6 million in
 the quarters ended March 31, 2001 and March 31, 2000 respectively, and
 $1.4 million and $1.2 million in the six months ended March 31, 2001 and March
 31, 2000, respectively.  The increase in expenses in both the three and six
 month periods ended March 31, 2001 is primarily due to increased spending
 related to salaries, legal costs and consulting.
 
 
     Balance Sheet
 
     Cash and short-term investments were $26.7 million at March 31, 2001, a
 $3.1 million decrease from September 30, 2000.  Cash used by operating losses
 were offset by reductions in receivable balances related to the collection of
 several large accounts during the period.  Based on outstanding shares of
 6,853,000 at March 31, 2001 there is $3.89 per outstanding share in cash and
 liquid investment assets.
 
 
     Outlook
 
     The Company will be introducing a major new product in the spring of 2001.
 The product will begin beta testing shortly, and first deliveries are expected
 in June.  The new product will automate moving the "personality" of a PC or
 laptop from one computer to another, or from one operating system to another,
 or even both at the same time.  A computer's personality is all the things
 that make that computer unique to a particular user -- favorites, desktop
 settings, documents, files, modem connections, and so on.  Moving a computer's
 personality manually is very time-consuming and error-prone.  With Previo's
 new product, a computer's personality is automatically preserved when
 upgrading hardware, migrating to Windows 2000 or another operating system,
 upgrading applications, and even when replacing a lost or broken computer.
 "This new product overcomes several challenges that IT organizations face
 every day," said Ms. Bruno.  "With traditional methods, several hours of a
 skilled technician's time is consumed in moving a user to a new computer or
 operating system -- and that move is almost always imperfectly or incompletely
 done."  Ms. Bruno continued, "After a manual move, the Help Desk typically
 gets multiple calls from each affected user as they try to get their
 computer's personality back.  With our new product, moves are complete and
 require only a few seconds of technician time.  IT can deliver higher service
 levels, increase user productivity, and reduce cost -- all at the same time."
     The Company expects to continue its investment in marketing programs
 designed to generate revenues.  As a result, the Company anticipates continued
 eSupport revenue growth in the third quarter.
 
 
     About Previo
 
     Previo (Nasdaq:   PRVO) is an innovator of eSupport product and services for
 enterprise Help Desk and Desktop Services organizations.  Previo's flagship
 product, eSupport Essentials, is based on patented technologies developed over
 the past ten years and used in dozens of products on millions of systems
 worldwide.  Previo sells both direct and through resellers, and has an array
 of strategic and OEM partnerships with industry leaders such as Miramar
 Systems, Peregrine Systems, and Remedy.
     For more information, contact Previo by telephone at 877.9PREVIO
 (877.977.3846) or (858) 794.3789; via e-mail at info@previo.com, or visit
 www.previo.com.
 
     Except for the historical information contained herein, this news release
 as well as the Company's SEC filings and website at www.previo.com contain
 forward-looking statements that involve risks and uncertainties within the
 meaning of the Private Securities Litigation Reform Act of 1995.  Actual
 results could vary materially from those discussed as a result of a number of
 factors including those set forth in the Company's Annual Report on Form 10-K
 and subsequent SEC filings.  In addition, those risks include, but are not
 limited to, risks relating to the Company's ability to achieve revenue growth
 in subsequent quarters or achieve sustained revenues in the third fiscal
 quarter, the impact on the company's business of switching to a subscription
 pricing model, uncertainties regarding continued growth of the e-support
 market, the Company's ability to timely introduce new products and the
 market's acceptance of those products, the risk of competitive product
 introductions from new or established competitors, risks relating to strategic
 transactions and corporate alliances that the Company may enter into,
 including the ability to enter into such transactions on favorable terms or at
 all and costs associated with such transactions, the risk that any such
 transactions may adversely affect the Company's business or the trading price
 of its stock, and the Company's ability to hire and retain senior management
 personnel.  The Company makes no assurances regarding the future success of
 its products. Some of these reports were filed under the name of Stac
 Software, Inc., Previo's predecessor company.
 
 
                                  PREVIO, INC.
                CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                    (in thousands, except per share amounts)
                                  (unaudited)
 
                                     Three Months Ended    Six Months Ended
                                          March 31,             March 31,
                                       2001      2000        2001      2000
 
     Net revenues                    $1,855     $2,084      $3,781    $5,262
 
     Cost of revenues                   159        453         334       706
 
     Gross margin                     1,696      1,631       3,447     4,556
 
     Operating expenses:
       Research and development         928      1,175       2,016     2,514
       Sales and marketing            2,146      2,557       3,798     4,477
       General and administrative       754        618       1,358     1,216
 
         Total operating expenses     3,828      4,350       7,172     8,207
 
     Operating loss                  (2,132)    (2,719)     (3,725)   (3,651)
 
     Interest income                    384        410         868       830
 
     Loss before income taxes        (1,748)    (2,309)     (2,857)   (2,821)
 
     Benefit from income taxes           --         --          --       (62)
 
     Net loss                       $(1,748)   $(2,309)    $(2,857)  $(2,759)
 
     Loss per common share,
      basic and diluted              $(0.26)   $ (0.36)    $(0.42)    $(0.44)
 
     Weighted average common
      shares, basic and diluted       6,850      6,336       6,845     6,212
 
 
                                  PREVIO, INC.
                     CONDENSED CONSOLIDATED BALANCE SHEETS
                                 (in thousands)
 
                              ASSETS
                                             March 31,      September 30,
                                                2001             2000
                                            (unaudited)
     Current assets:
       Cash and short-term investments        $26,664           $29,734
       Accounts receivable                        870             1,455
       Other current assets                       528               220
        Total current assets                   28,062            31,409
 
     Property and equipment, net                1,612             1,723
     Other assets                                 323               344
                                              $29,997           $33,476
 
       LIABILITIES AND STOCKHOLDERS' EQUITY
 
     Current liabilities:
       Accounts payable                          $976              $855
       Accrued expenses and other
         Current liabilities                    3,815             4,694
         Total current liabilities              4,791             5,549
 
     Other liabilities                             17                17
                                                4,808             5,566
 
     Stockholders' equity
       Common stock at par value                    9                 9
       Additional paid in capital              80,208            80,081
       Treasury stock                         (41,347)          (41,347)
       Cumulative translation adjustment          (61)              (70)
       Accumulated deficit                    (13,620)          (10,763)
         Total stockholders' equity            25,189            27,910
                                              $29,997           $33,476
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X37665018
 
 SOURCE  Previo, Inc.