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For Further Information:
Quality Systems, Inc.
18191 Von Karman Avenue, Suite 450
Irvine, CA 92612
Phone: (949) 255-2600
www.qsii.com
CONTACT: Louis Silverman, President & CEO
CCG Investor Relations
15300 Ventura Boulevard, Suite 303
Sherman Oaks, CA 91403
Phone: (818) 789-0100
www.ccgir.com
CONTACT: William F. Coffin, CEO; Sean Collins, Partner
FOR IMMEDIATE RELEASE:
Quality Systems, Inc. Announces One-Time
Cash Dividend
IRVINE, Calif.,
January 31, 2005 � Quality Systems,
Inc. (NASDAQ: QSII) announced today that its Board of Directors has declared a one-time
cash dividend of $3.00 per share payable on its outstanding shares of common
stock.
The cash dividend record date
is February 24, 2005 and is expected to be distributed to shareholders on or
about March 16, 2005. �Questions concerning the cash dividend will be addressed
during QSI earnings call reviewing third-quarter performance, scheduled for Monday, February 7, 2005 at 4:30 p.m. EST (1:30 p.m. PST).
About Quality Systems
Quality Systems, Inc. and its
NextGen Healthcare Information Systems subsidiary develop and market
computer-based practice management, patient records, and connectivity
applications for medical and dental group practices. Visit www.qsii.com and www.nextgen.com for additional information.
This news release may contain forward-looking statements
within the meaning of the federal securities laws. Statements regarding future
events, developments, the Company's future performance, as well as management's
expectations, beliefs, intentions, plans, estimates or projections relating to
the future (including, without limitation, statements concerning revenue and
net income), are forward-looking statements within the meaning of these laws
and involve a number of risks and uncertainties.� Moreover, these
forward-looking statements are subject to a number of risks and uncertainties,
some of which are outlined below. As a result, actual results may vary
materially from those anticipated by the forward-looking statements. Among the
important factors that could cause actual results to differ materially from
those indicated by such forward-looking statements are: the volume and timing
of systems sales and installations; length of sales cycles and the installation
process; the possibility that products will not achieve or sustain market acceptance;
seasonal patterns of sales and customer buying behavior;� the timing, cost and
success or failure of new product and service introductions, development and
product upgrade releases; undetected errors or bugs in software; changing
economic, political or regulatory influences in the health-care industry;
changes in product-pricing policies; availability of third-party products and
components; competitive pressures including product offerings, pricing and
promotional activities; the Company's ability or inability to attract and
retain qualified personnel; possible regulation of the Company's software by
the U.S. Food and Drug Administration; uncertainties concerning threatened,
pending and new litigation against the Company including related professional services
fees; uncertainties concerning the amount and timing of professional fees
incurred by the Company generally; changes of accounting estimates and
assumptions used to prepare the prior periods' financial statements; general
economic conditions; and the risk factors detailed from time to time in Quality
Systems' periodic reports and registration statements filed with the Securities
and Exchange Commission.� A significant portion of the Company's quarterly
sales of software product licenses and computer hardware is concluded in the
last month of the fiscal quarter, generally with a concentration of such
revenues earned in the final ten business days of that month.� Due to these and
other factors, the Company's revenues and operating results are very difficult
to forecast.� A major portion of the Company's costs and expenses, such as
personnel and facilities, are of a fixed nature and, accordingly, a shortfall
or decline in quarterly and/or annual revenues typically results in lower
profitability or losses. As a result, comparison of the Company's
period-to-period financial performance is not necessarily meaningful and should
not be relied upon as an indicator of future performance.�� The Company
undertakes no obligation to publicly update any forward-looking statements,
whether as a result of new information, future events or otherwise.
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