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Disability Access Corporation's Board Approves Introduction of Proprietary Software into China
LAS VEGAS, Feb 11, 2008 (BUSINESS WIRE) -- Disability Access Corporation (Pink Sheets:DBYC), a subsidiary of PTS, Inc. (OTCBB:PTSH), updates shareholders with the following information. Peter Chin, CEO of PTS, Inc. and Disability Access Corporation, has just completed a trip to Asia and reported he received excellent response from certain parties which showed great interest both of the public (Government) and private sectors in China.
The parent Company of DAC, PTS, Inc., has elected to continue to grow the business of DAC and continue to reinvest in DAC's proprietary technology as well as its product development.
The New Year is off to a good start at Disability Access Consultants, Inc. and we thought it would be an appropriate time to briefly address some questions we've recently received from shareholders.
Regarding our growth prospects, the Company has decided to devote resources to developing alternative commercial uses for its proprietary technology and product development software. Towards this end, the Board of Director has elected to expand its software customer market base into Asia where certain parties have shown great interest in the Company's proprietary technology. The Company's Board feels this will maximize growth opportunities as well as yielding enhanced shareholder value for the long term.
Regarding questions to our financial performance for 2007, the Company is in the midst of its annual audit and, as such, it would be improper to comment on the Company's specific financial results. However, it would be fair to say that the Company's financial performance for 2007 will be reported as a significant improvement over 2006. Just as soon as the audit is concluded, the Company will promptly release those results.
Regarding the status of new contracts and business development, while the Company continues to enjoy certain long term client contract relations, which provides an excellent baseline of annual revenue, the Company continues to expand its client base among public and private entities. The Company has several contracts in the final stage of negotiations, for the current first quarter, and will inform shareholders as soon as these are finalized.
Additionally, pending Federal government funding and allocation, the Company is a candidate for a very significant services contract to the Federal Government. Further, the Company continues to receive solicitations from both private and state government sectors to make its proprietary software available for licensed use. Management feels strongly that it will be the same within Asia. The potential licensing of the software has been a key long-term business goal of the Company and the demand has been deemed to be large enough to warrant continued and further development of that business opportunity.
About Disability Access Consultants, Inc.
Disability Access Corporation, Inc. conducts facility inspections, policy reviews and program analyses in addition to a comprehensive continuum of other compliance services. Over 54 million people in the United States have a disability, a number equal to 20% of the population. The Americans with Disabilities Act of 1990 requires all organizational entities, public or private, with more than 15 employees, to provide equal access for individuals with disabilities. It's estimated that there's more than seven million sites at risk across the US. For more information about DAC, visit: www.adaconsultants.com.
About PTS
PTS, Inc.'s subsidiary, Glove Box Inc. (www.ptspi.com), owns the rights to the patented, revolutionary Glove Box(TM), the only product that offers contamination reduction through automated glove dispensing. The Glove Box(TM) system is a free-standing dispenser of disposable latex gloves, which is being marketed by PTS in the US and Asia.
SOURCE: Disability Access Corporation
CONTACT: Disability Access Corporation Patrick Donahoo, 702-327-7266 ptsinc.ir**********
Copyright Business Wire 2008 -0-
KEYWORD: United States China Asia Pacific North America Nevada INDUSTRY KEYWORD: Technology Software Health Public Policy/Government Other Government Other Health Professional Services Consulting Other Professional Services SUBJECT CODE: Product/Service
Posts: 52 | Registered: Mar 2006
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It all depends on their contracts for 2008. If their looking at massive contracts with earings of 10 million or more. This thing has a long ways to go. Especially if you go with the 10X next years earnings for the market cap. Low pennies is not out of the question.
Posts: 94 | Registered: Mar 2005
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