Expecting calander year 2006 to come in at more than $35 million, and we expect to be profitable for the year as a whole.
November 17, 2005 (Press Release) --
NEWPORT BEACH, Calif., Nov. 17 -- Universal Guardian Holdings, Inc. (OTC Bulletin Board: UGHO - News), an emerging global leader in non-lethal protection products, integrated transportation security systems and strategic security services to protect against terrorist, criminal and security threats to governments and businesses worldwide, today issued its outlook for 2006.
"Based upon our committed backlog and continuing confirmation of internal sales figures, we currently expect total revenue for Fiscal and Calendar Year 2006, to come in at more than $35 million, and we expect to be profitable for the year as a whole," stated Universal Guardian's Chief Financial Officer Mike Barcikowski. "We continue to be confidant in our previously announced projected annual run-rate of $14.4 million for fiscal year 2005," continued Mr. Barcikowski.
"We are moving ahead rapidly with the build out of our ISR Systems Trusted Shipper(TM) platform which includes our integrated SupplyChain Guardian(TM) source-based RFID system and Container Guardian(TM) "smart container" system. Following the introduction of its Cobra StunLight(TM) advanced LED models to law enforcement, Shield Defense is making considerable progress in bringing on board top-line distributors across an array of major domestic and international markets as it rapidly increases the reach of its pilot deployment programs. Secure Risks is continuing to expand its global security, consulting and intellectual property investigation and recovery operations while creating a strong base for cross-selling our complementary non-lethal and inter-modal transportation security products and systems," stated Michael Skellern, Universal's CEO.
"We expect the coming year to demonstrate ongoing progress across all our lines with extremely strong revenue growth and record earnings," concluded Mr. Skellern.
Safe Harbor Statement:
This news release contains certain forward-looking statements pertaining to future anticipated projected plans, performance and developments, as well as other statements relating to future operations and results. Any statements in this news release that are not statements of historical fact may be considered to be forward-looking statements. Written words such as "may," "will," "expect," "believe," "anticipate," "estimate," "intends," "goal," "objective," "seek," "attempt," or variations of these or similar words, identify forward-looking statements. These statements by their nature are estimates of future results only and involve substantial risks and uncertainties, including those detailed from time to time in Universal Guardian Holdings, Inc.'s reports filed with the Securities and Exchange Commission. There can be no assurance that actual results will not differ materially from expectations. These risks factors include potential customer interest in the sale and production of Cobra StunLight(TM) and Python Defender(TM) and their accessories.
"Based upon our committed backlog and continuing confirmation of internal sales figures, we currently expect total revenue for Fiscal and Calendar Year 2006, to come in at more than $35 million, and we expect to be profitable for the year as a whole," stated Universal Guardian's Chief Financial Officer Mike Barcikowski. "We continue to be confidant in our previously announced projected annual run-rate of $14.4 million for fiscal year 2005," continued Mr. Barcikowski.
"We are moving ahead rapidly with the build out of our ISR Systems Trusted Shipper(TM) platform which includes our integrated SupplyChain Guardian(TM) source-based RFID system and Container Guardian(TM) "smart container" system. Following the introduction of its Cobra StunLight(TM) advanced LED models to law enforcement, Shield Defense is making considerable progress in bringing on board top-line distributors across an array of major domestic and international markets as it rapidly increases the reach of its pilot deployment programs. Secure Risks is continuing to expand its global security, consulting and intellectual property investigation and recovery operations while creating a strong base for cross-selling our complementary non-lethal and inter-modal transportation security products and systems," stated Michael Skellern, Universal's CEO.
"We expect the coming year to demonstrate ongoing progress across all our lines with extremely strong revenue growth and record earnings," concluded Mr. Skellern.
Safe Harbor Statement:
This news release contains certain forward-looking statements pertaining to future anticipated projected plans, performance and developments, as well as other statements relating to future operations and results. Any statements in this news release that are not statements of historical fact may be considered to be forward-looking statements. Written words such as "may," "will," "expect," "believe," "anticipate," "estimate," "intends," "goal," "objective," "seek," "attempt," or variations of these or similar words, identify forward-looking statements. These statements by their nature are estimates of future results only and involve substantial risks and uncertainties, including those detailed from time to time in Universal Guardian Holdings, Inc.'s reports filed with the Securities and Exchange Commission. There can be no assurance that actual results will not differ materially from expectations. These risks factors include potential customer interest in the sale and production of Cobra StunLight(TM) and Python Defender(TM) and their accessories.
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