Looking around found this company it sound interesting because it is related to security, use by police and I guess now by inmigratin since they started to take pictures and finger prints of people getting in USA. They have programs or recognition.-
I like to copy and paste a lot of information that I read but, as a rookie, have lot of trouble doing it. sorry.
At least this is what I can put on I am trying to get my feet wet searching for info and share it with you.
SYMBOL----DDSI
COMPANY NAME: DIGITAL DESCRIPTOR SYS.INC
LAST TRADE: 0.0014
CHANGE: 7.60 % UP
VOLUME: 11074550
52 WEEKS HIGH: 0.016
52 WEEKS LOW: 0.0011
EARNING 0.0299
P/E RATIO 0.0466
WEB SITE: WWW.DDSI-CPC.COM THE FOLLOWING IS A LETTER FROM THE CEO.
February 2003
To Our Shareholders,
Recent events and the present economic conditions dictate that companies manage themselves to stricter standards of efficiency and cost-effectiveness. Since the appointment of the new Directors in January of 2002, our Company has initiated and executed significant changes in our management, infrastructure and market focus including internal product development projects to support that focus. Along with increased fiscal discipline, which has seen our breakeven reduced by over 70%, we believe that DDSI has positioned itself to emerge from this period as a renewed and viable Company.
Firmly rooted in the Public Safety marketplace, our revitalized Compu-Capture® sales efforts have seen a 200% growth in our sales pipeline since the last quarter. Demand for digital identification imaging products remains strong, although the prolonged sales cycle will delay immediate revenue improvement. We continue to position our highly profitable CPC-32 and ActiveX into non-traditional markets through both direct and indirect channels.
The recent establishment of the Department of Homeland Security along with its nearly $100 Billion budget and high priority profile will eventually create the much-anticipated boost in the biometrics and security industry. Although present cash flow has affected the continued refinement of our FMS product, we remain optimistic that our planned enhancements and modifications will position our FMS SDK and Identify on Demand products for significant market penetration.
The road to success will be a hard one for the Company as we continue to face cash flow shortages that hinder our growth and development plans. Our staff works tirelessly and continues to achieve progress under extremely onerous conditions, and I extend my grateful thanks on behalf of all shareholders. I am also grateful to the members of the Board of Directors, who have provided strong support and guidance during a very challenging period.
Sincerely,
Michael J. Pellegrino
President and CEO
I couldo not copy and paste anything else
maybe next time I can do better
ED.
SOONER OR LATER I WILL LEARN
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