NumereX Corp. reports a net loss of 10 cents per share for the fourth quarter of 2000, compared to a net loss of 7 cents per share (all results exclude activity from divested operations) for the fourth quarter of 1999. Net losses for the full years 2000 and 1999 were 40 cents per share and 55 cents per share, respectively. Net sales for the fourth quarter were $5.1 million, compared to $6.3 million for the comparable period last year. Net sales for the full years 2000 and 1999 were $20.3 million and $20.5 million, respectively.

“The fourth quarter’s comparative year-over-year results reflected a 52-percent growth in the company’s core wireless data revenue and 67-percent growth for the full year 2000,” says Stratton Nicolaides, chairman and CEO of NumereX. “The decline in overall fourth-quarter revenues of 18 percent was directly attributable to the change in the product and service mix of our wireless communications and security group, as noted, and a reduction in other noncore products and services, in particular digital multimedia revenues, which declined 17 percent. The company’s balance sheet remains strong, completing the year with more than $10 million in cash, $17 million in working capital and with virtually no long-term debt.”

NumereX is a technology company comprised of operating subsidiaries that develop and market communications products and services.

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