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Burnaby, BC - April 16, 2002 - Merlin Software Technologies International, Inc. (OTCBB: MLSW) ) today announced the filing
of the company's annual report on Form 10-KSB for the year ended December 31 2001.
Revenues for 2001 increased 277% over the previous fiscal year (2000) to $61,564 with approximately 50% of our annual
revenue occurring during the month of December. Net loss for the year was $4,332,808 or $0.31 per share. The primary impetus
for the increase in revenue was the introduction of the EssentialServerTM network attached storage and backup server late
in the 4th quarter.
"2001 was a year of exciting changes for Merlin," said Robert Heller, CEO. "After months of development work, we were
able to launch our initial EssentialServer and SecurDVRTM product lines and secured some excellent early interest from a
number of very prominent resellers across Canada. Looking ahead, I expect 2002 to be a year that will provide much
excitement to both our shareholders and our employees."
Conference Call
The company will host a conference call to discuss the results of the 2001 fiscal year. The conference call will take
place, Tuesday April 17, 2002 at 10:00 AM Pacific Time, 1:00 PM Eastern. Those persons interested in participating in this
call are invited to attend by calling 1-877-323-209.
About Merlin Software Technologies International, Inc.
Merlin integrates leading-edge technologies into affordable, high-performance data storage/protection and security/loss
prevention solutions. Designed to protect critical data, commercial assets and the people who use those assets, Merlin's
products utilize state-of-the-art digital storage and backup and are easy to deploy and use.
Merlin's EssentialServer is a fast and economical way to add network attached storage (NAS) or integrated data backup,
recovery and storage to a LAN. It is designed specifically for small to medium-sized business, corporate departments and
regional offices to ensure that critical data is secure, protected and always available.
Merlin's SecurDVR is a network attached digital video recorder (DVR) designed and implemented specifically as a proactive
security and loss prevention solution. Capable of managing up to 16 closed circuit television (CCTV) cameras and a host of
alarm mechanisms, the SecurDVR is being deployed throughout Canada in banks, retail chains, shopping centers, manufacturing
facilities and commercial/residential buildings.
Merlin has offices in Burnaby, British Columbia and representation in Montreal, Quebec, Toronto, Ontario, Calgary, Alberta,
Seattle, Washington and Tampa, Florida.
Website: http://www.merlintechnologies.com/
For more information, contact:
Andy Hay
Investor Relations
Merlin Software Technologies International, Inc.
Tel: (604) 320-7227
Toll Free: (877) 988-7227
Email: ir@merlintechnologies.com
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Robert Murray
Chief Marketing Officer
Merlin Software Technologies International, Inc.
Tel: (604) 320-7227
Toll Free: (877) 988-7227
Email: sales@merlintechnologies.com
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