SteelCloud Re - Releases Q1 2001 Earnings (News sources erroneously report Company results)

Apr 02, 2001, 01:00 ET from SteelCloud

    DULLES, Va., April 2 /PRNewswire/ -- SteelCloud Company (Nasdaq:   SCLD)
 reports that several news sources have incorrectly reported the Company's
 annual results for Fiscal 2000.  As a result, several websites (including
 Yahoo, Nasdaq and MSN) have obtained incorrect information from these news
 sources.  In January 2001, the Company released their annual results (as filed
 with the SEC) which reported earnings per share of $.02.  At that time, these
 news sources incorrectly reported differing results for the Company, results
 which ranged from $.01 loss per share to $.06 loss per share.  The Company
 immediately contacted those sources at the time but the results were not
 corrected until recently.
     On March 19, 2001, the Company released its Fiscal Year 2001 first quarter
 results which reported earnings of $.01 per share.  Again, various news
 sources incorrectly published the Company's results which reported losses per
 share in the range of $.01 to $.07.  The Company immediately notified these
 sources of the errors and the results are in the process of being corrected.
     "Clearly the Company has been very pro-active in the correction of such
 blatant errors"  said Thomas P. Dunne, CEO.  We have no control over the
 interpretation or reporting of the information once filed with the SEC,
 however, we do have the responsibility to notify the sources of such incorrect
 information once we become aware of it.  We are extremely disappointed with
 results that these errors have created as we believe that our stock price
 significantly declined once the incorrect information was posted via certain
 websites."
     SteelCloud develops turnkey server appliances for organizations wanting to
 implement new e-business network application and infrastructure solutions
 immediately.   SteelCloud's world headquarters is in Dulles, VA.  PRIMO, the
 company's ISO 9002 manufacturing facility in Guayama, Puerto Rico serves the
 local market and also provides contract integration services to companies
 throughout the world.   SteelCloud can be reached at (703) 450-0400.
 Additional information is available at www.steelcloud.com or by e-mail at
 info@steelcloud.com.
 
     All trademarks and brand names are the property of their respective
 companies
 
 

SOURCE SteelCloud
    DULLES, Va., April 2 /PRNewswire/ -- SteelCloud Company (Nasdaq:   SCLD)
 reports that several news sources have incorrectly reported the Company's
 annual results for Fiscal 2000.  As a result, several websites (including
 Yahoo, Nasdaq and MSN) have obtained incorrect information from these news
 sources.  In January 2001, the Company released their annual results (as filed
 with the SEC) which reported earnings per share of $.02.  At that time, these
 news sources incorrectly reported differing results for the Company, results
 which ranged from $.01 loss per share to $.06 loss per share.  The Company
 immediately contacted those sources at the time but the results were not
 corrected until recently.
     On March 19, 2001, the Company released its Fiscal Year 2001 first quarter
 results which reported earnings of $.01 per share.  Again, various news
 sources incorrectly published the Company's results which reported losses per
 share in the range of $.01 to $.07.  The Company immediately notified these
 sources of the errors and the results are in the process of being corrected.
     "Clearly the Company has been very pro-active in the correction of such
 blatant errors"  said Thomas P. Dunne, CEO.  We have no control over the
 interpretation or reporting of the information once filed with the SEC,
 however, we do have the responsibility to notify the sources of such incorrect
 information once we become aware of it.  We are extremely disappointed with
 results that these errors have created as we believe that our stock price
 significantly declined once the incorrect information was posted via certain
 websites."
     SteelCloud develops turnkey server appliances for organizations wanting to
 implement new e-business network application and infrastructure solutions
 immediately.   SteelCloud's world headquarters is in Dulles, VA.  PRIMO, the
 company's ISO 9002 manufacturing facility in Guayama, Puerto Rico serves the
 local market and also provides contract integration services to companies
 throughout the world.   SteelCloud can be reached at (703) 450-0400.
 Additional information is available at www.steelcloud.com or by e-mail at
 info@steelcloud.com.
 
     All trademarks and brand names are the property of their respective
 companies
 
 SOURCE  SteelCloud