Dataram Announces Operational Improvements Have Delivered More Than $3.5M in Annual Cash Savings

Dataram Corporation

announced today that it has continued to successfully implement its aggressive transformation intended to refocus the business on providing traditional memory solutions, improve its market position, and return the Company to profitability. As part of this effort, the Company began taking aggressive measures in late November to increase the efficiency of its operations and improve the affordability of its products and services. To date, the Company has implemented actions resulting in approximately $3.5 million in annual cash savings for Dataram Corporation, which is approximately $1.3 million greater than projected in the Company's January 28, 2015 press release. These cost reductions have been achieved through organizational realignment, space reduction, network optimization, benefits improvements, contract renegotiations, and improved purchasing and supply management. In addition to bottom line improvements, these efforts have resulted in a leaner, more flexible workforce which can better respond to market and customer needs. Additional efforts are planned to improve performance, increase revenues, and return Dataram to profitability. "Investors and customers alike approve of our continued efforts. Not only has Dataram established a strong foundation from which to grow, we have reignited the entrepreneurial spirit upon which the company was founded nearly 50 years ago. We have demonstrated flexibility and nimbleness in the market which our customers demand, and delivered quantifiable results to our shareholders," said Dave Moylan, Dataram's Chairman and Chief Executive Officer (CEO). "We are reinventing ourselves, and look forward to a strong and viable future."