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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 2
for 1 Stock Split
IRVINE, Calif.--(BUSINESS WIRE)�Feb. 2, 2005--Quality Systems, Inc. (NASDAQ:QSII - News) announced today that its Board
of Directors has declared a 2 for 1 stock split with respect to its outstanding
shares of common stock.
The stock split record date is March 4, 2005. Questions concerning the stock split will
be addressed during a 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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