SAN FRANCISCO, March 8, 2000 (PRIMEZONE) -- Cybex Computer Products Corporation (Nasdaq:CBXC) and Apex, Inc. (Nasdaq:APEX) will provide an online replay of their joint conference call announcing the merger of the two companies, StreetFusion announced today.
The replay of the conference call will be available online at www.streetfusion.com beginning at 12:00 noon. C.D.T. The online replay will follow immediately and continue through April 7, 2000.
About Cybex Computer Products Corporation
A leading provider of network hardware to control and extend server access for today's growing networks, ASP/ISP server farm environments and enterprise data centers, Cybex Computer Products Corporation designs, develops and manufactures systems to make server management more efficient. Founded in 1981 to address the need to consolidate PC and server control and reduce equipment redundancy and clutter, Cybex built its reputation for excellence as a leader in KVM switching. This technology allows network administrators to control multiple computers from a single keyboard, video monitor and mouse. Over the last two decades, the company has leveraged its server access and management expertise to expand the product line into a comprehensive line of scalable, platform-independent systems that give administrators local and remote control of network hardware devices.
On January 20, Cybex reported record sales of $34.0 million and $85.8 million, respectively, for its third fiscal quarter and nine months ended December 31, 1999.
This was Cybex's twenty-first consecutive quarterly record for sales and operating earnings. Revenues, operating earnings and net income excluding one-time charges for acquired in-process R&D for the twelve months ended on that date were $109.4 million, $27.3 million and $19.2 million, respectively.
Headquartered in Huntsville, Alabama, Cybex has manufacturing facilities in the United States and Ireland, and sales offices throughout the world. With the largest engineering and support staffs in the industry, Cybex leads the way in innovation and quality from its R&D centers in Steinhagen, Germany, Shannon, Ireland, Acton, Massachusetts and Huntsville, Alabama. For more information about Cybex and its products, visit the company's Web site at www.cybex.com.
About Apex Inc.
Based in Redmond, Washington, Apex is committed to helping information technology professionals manage their growing server populations. Apex develops server management products, including console switching systems, remote server management products and integrated server cabinet solutions. Apex's OutLook, ViewPoint, and Emerge product families help manage servers in thousands of companies worldwide.
Top server manufacturers including Compaq, Dell and IBM continue to choose Apex products for their rack-mounted server offerings. Additionally, Apex was recently ranked fifth in Business Week's 1999 listing of "100 Hot Growth Companies" in America.
On January 25, Apex reported that full-year sales for the year ended December 31, 1999 grew to $107.3 million, up 42% from $75.6 million in 1998. Operating income was $29.3 million, up 40% from $21.0 million in 1998. Net income was $21.2 million, up 35% from $15.7 million in 1998.
More information on Apex products and services is available by calling 800-861-5858, via email at sales@apex.com, or on the World Wide Web at www.apex.com
About StreetFusion
StreetFusion is the leading financial event and information network linking over 5,000 public companies, nearly 1,500 of the nation's leading buyside and sellside firms, and millions of individual investors. StreetFusion has simplified and streamlined financial communications, enabling the distribution of time sensitive and critical information through a secure network environment. Online event publishing, event management and webcasting ensure that financial events and information reach targeted audiences with pinpoint accuracy. For information on StreetFusion's services, visit http://www.streetfusion.com or call toll-free 1-877-343-0020.