ST. PETERSBURG, Fla.--(BUSINESS WIRE)--Aug. 2, 2007--Catalina
Marketing Corporation (NYSE:POS):
-- Revenues were $117.2 million for the quarter ended June 30,
2007, an increase of $12.0 million over the same period in the
prior year
-- EPS of $0.08 per diluted share for the quarter ended June 30,
2007 represents a decrease of $0.22 compared with Q2 last year
-- FAS123R expense of $0.06 per diluted share for the quarter
ended June 30, 2007 as compared to $0.05 per diluted share in
the prior year period
-- One time costs related to the pending sale of the company
totaled $10.0 million, or approximately $0.21 per diluted
share; including the $8.4 million termination fee paid to
ValueAct Capital
Catalina Marketing Corporation (NYSE:POS) today reported
financial results for the second quarter ended June 30, 2007.
For the quarter ended June 30, 2007, consolidated revenues were
$117.2 million compared with revenues of $105.2 million in the same
period of the prior year. Consolidated net income, which reflected
increased expenses associated with the color printer initiative,
stock-based compensation expenses and one-time costs related to the
pending sale of the company, was $3.7 million, or $0.08 per diluted
share, compared with net income of $14.0 million, or $0.30 per
diluted share, in the same quarter of the prior year. These results
include the effect of one-time costs related to the pending sale of
the company totaling $10.0 million which included a fee paid to
ValueAct Capital of $8.4 million for the termination of the merger
agreement between the two companies.
The company will not hold an earnings call related to the quarter
ended June 30, 2007. For additional information regarding the
company's second quarter performance please review the Form 10-Q for
the June 30, 2007 period to be filed on August 2, 2007.
On July 9, 2007, the company filed a definitive proxy statement
for a special meeting of stockholders for the purpose of voting on a
proposal to approve its previously announced merger agreement with
funds affiliated with Hellman & Friedman LLC. The special
meeting is scheduled to be held at the offices of Paul, Hastings,
Janofsky & Walker LLP, 75 East 55th Street, New York, NY, on
August 13, 2007 at 10 A.M. Eastern Daylight Time. Stockholders of
record as of the close of business on June 28, 2007 will be entitled
to vote at the special meeting of stockholders.
About Catalina Marketing Corporation
Based in St. Petersburg, FL, Catalina Marketing Corporation
(www.catalinamarketing.com) was founded over 20 years ago based on
the premise that targeting communications based on actual purchase
behavior would generate more effective consumer response. Today,
Catalina Marketing combines unparalleled insight into consumer
behavior with dynamic consumer access. This combination of insight
and access provides marketers with the ability to execute
behavior-based marketing programs, ensuring that the right consumer
receives the right message at exactly the right time. Catalina
Marketing offers an array of behavior-based promotional messaging,
loyalty programs and direct-to-patient information. Personally
identifiable data that may be collected from the company's targeted
marketing programs, as well as its research programs, are never sold
or provided to any outside party without the express permission of
the consumer.
Cautionary Statement
Certain statements in the preceding paragraphs are
forward-looking, and actual results may differ materially.
Statements not based on historic facts involve risks and
uncertainties, including, but not limited to, potential
complications, hardware and software issues and delays related to
the schedule, installation and operation of color printers, the
effectiveness of color printers to increase sales and redemption
rates or provide a more effective advertising medium, the changing
market for promotional activities, especially as it relates to
policies and programs of packaged goods and pharmaceutical
manufacturers and retailers, government and regulatory statutes,
rules, regulations and policies, the effect of economic and
competitive conditions and seasonal variations, actual promotional
activities and programs with the company's customers, the pace of
installation of the company's store network including as it relates
to the installation of color printers in existing and future retail
channels, the acceptance by the company's manufacturer clients and
retailers of color printers and related new and additional terms and
conditions, the success of new services and businesses and the pace
of their implementation, the company's ability to maintain favorable
client and retailer relationships, the occurrence of any event,
change or other circumstances that could give rise to the
termination of the merger agreement with funds affiliated with
Hellman & Friedman LLC, the outcome of any legal proceedings
that have been or may be instituted against the company related to
the merger agreement; the inability to complete the merger due to
the failure to obtain stockholder approval for the merger or the
failure to satisfy other conditions to completion of the merger; and
risks that the proposed transaction diverts management or disrupts
current plans and operations and any potential difficulties in
employee retention as a result of the merger and the impact of the
substantial indebtedness to be incurred to finance the consummation
of the merger.
CONTACT: Catalina Marketing Corporation, St. Petersburg
Investor Contacts:
Rick Frier, Executive Vice President and
Chief Financial Officer, 727-579-5147
or
Chris Ingham, Executive Director of Financial Planning
727-579-5020
or
Media Contact:
Nicole Andriso, Director, Public Relations, 727-563-5822
SOURCE: Catalina Marketing Corporation