BEAVERTON, Ore.--(BUSINESS WIRE)--Sep. 3, 2014--
“In order to drive long-term growth and profitability, over the last year we have transitioned Planar to better address higher-growth end markets like digital signage,” said the company's president and CEO, Gerry Perkel. “Our success with the strategy was reflected in a 53% increase in sales of our digital signage products in Q3 2014 when compared with the same quarter of fiscal 2013, along with expanding gross margins. As a result of the strong third quarter, coupled with a favorable outlook for the fourth quarter, we recently increased our estimates for revenue and non-GAAP EPS for the full year.”
“In light of this progress and positive momentum, we believe our shareholders would benefit from a team of experienced investor relations professionals that would help us strengthen communications with investors and increase awareness of our story in the financial community,” continued Perkel. “Liolios Group brings a solid track record of helping growth companies like ours enhance shareholder value by delivering the right message to the right audience, and building high-quality, long-term relationships in the investment community.”
Liolios Group will work closely with Planar management to develop and deploy a comprehensive capital markets strategy and campaign. The campaign will include effective messaging and corporate positioning, as well as introductions to investors and key influencers in the financial community. It will also include scheduling road shows and financial conferences for management over the next several months.
For additional information about Planar, contact Matt Glover or Michael Koehler at 949-574-3860 or PLNR@liolios.com.
Planar Systems, Inc. (NASDAQ: PLNR) is a global leader in display and digital signage technology, providing premier solutions for the world's most demanding environments. Retailers, educational institutions, government agencies, businesses, utilities and energy firms, and home theater enthusiasts all depend on Planar to provide superior performance when image experience is of the highest importance. Planar video walls, large format LCD displays, interactive touch screen monitors and many other solutions are used by the world's leading organizations in applications ranging from digital signage to simulation and from interactive kiosks to large-scale data visualization. Founded in 1983, Planar is headquartered in Oregon, USA, with offices, manufacturing partners and customers worldwide. For more information, visit www.planar.com.
Important Cautions Regarding Forward-Looking Statements
“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: This release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 relating to Planar's business operations and prospects, including statements relating to the Company's expected revenue range and non-GAAP income per share range for fiscal 2014. These statements are made pursuant to the safe harbor provisions of the federal securities laws. These and other forward-looking statements, which may be identified by the inclusion of words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “goal” and variations of such words and other similar expressions, are based on current expectations, estimates, assumptions and projections that are subject to change, and actual results may differ materially from the forward-looking statements. These statements are not guarantees of future performance and involve certain risks and uncertainties that are difficult to predict. Many factors, including the following, could cause actual results to differ materially from the forward-looking statements: poor or weakened domestic and international business and economic conditions; changes or reductions in the demand for products in the various display markets served by the Company; any delay in the timing of customer orders or the Company's ability to ship product upon receipt of a customer order; the extent and timing of any additional expenditures by the Company to address business growth opportunities; any inability to reduce costs or to do so quickly enough, in either case, in response to reductions in revenue; adverse impacts on the Company or its operations relating to or arising from any inability to fund desired expenditures, including due to difficulties in obtaining necessary financing; changes in the flat-panel monitor industry; changes in customer demand or ordering patterns; changes in the competitive environment including pricing pressures, increased commoditization or the ability to keep pace with technological changes; technological advances; shortages of manufacturing capacity from the Company's third-party manufacturing partners or other interruptions in the supply of components the Company incorporates in its finished goods including as a result of natural disasters; future production variables resulting in excess inventory and other risk factors listed from time to time in the Company's periodic filings with the Securities and Exchange Commission (SEC). The forward-looking statements contained in this press release speak only as of the date on which they are made, and the Company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release.
Source: Planar Systems, Inc.