Perfumania Hldgs. Inc fka PERFQ

[jobynimble]

PerfectData Corporation Reports First Quarter Results

SIMI VALLEY, Calif., Aug 14, 2003 (BUSINESS WIRE) --

PerfectData Corporation ("Company") (OTCBB:PERF) today announced results of operations for the first quarter ended June 30, 2003.

Net sales for the current quarter increased 29% to $725,000 from net sales of $564,000 in the year-earlier period. The Company attributed the increase in sales to an increase in the volume of business with its existing customers, rather than to any new products or new business.

The net loss decreased to $(94,000) or $(.02) per share, as compared to a net loss of $(120,000), or $(.02) per share, in the year-earlier period. The decreased loss in the current quarter directly related to the increased sales, offset by a compensation award for past and current services.

As previously reported, the Company executed an Agreement and Plan of Merger and Reorganization dated July 2, 2003 with SuperCom Ltd., an Israeli company.

PerfectData, based in Simi Valley, California, designs and markets a broad line of computer, office care and maintenance products and accessories. The products are designed to eliminate or minimize contamination in and around computers and office automation equipment, and to enhance user performance.

The release herein may contain or identify a forward-looking statement. These statements are based on a number of assumptions and estimates, which are inherently subject to uncertainty and contingencies, many of which are beyond the control of the Company and reflect future business decisions which are subject to change.

PERFECTDATA CORPORATION (OTC Bulletin Board:PERF.OB)
CONDENSED STATEMENTS OF EARNINGS
(In 000's, except per share amounts)

Three Months Ended
June 30,
2003 2002

Net Sales $725 $564
Costs and Expenses:
Cost of goods sold 470 365
Selling, general and administrative expenses 354 331
Other income, net (5) (12)

Total costs and expenses 819 684

Net loss $(94) $(120)

Net loss per common share
-- basic and diluted $(.02) $(.02)

SOURCE: PerfectData Corporation

PerfectData Corporation
Harris A. Shapiro, 805-581-4000

http://www.businesswire.com

Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.


--------------------------------------------------------------------------------
Copyright (C) 2003 Business Wire. All rights reserved.
News provided by