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CyberKey Solutions, Inc. Receives Forty-Thousand Unit Purchase Order From the Department of Homeland Security Tuesday August 1, 8:30 am ET
Department of Homeland Security Adds CyberKey's New Biometric USB Drives to Original $25 Million Purchase Order
ST. GEORGE, UT--(MARKET WIRE)--Aug 1, 2006 -- CyberKey Solutions, Inc. (Other OTC:CKYS.PK - News) announced today that the Company's $25,000,000 purchase order from the Department of Homeland Security has been increased by 40,000 units. CyberKey Solutions will be providing an additional forty-thousand CyberKey BIO units, which includes all of the same security software as the standard CyberKey units along with the added feature of biometric fingerprint recognition.
The new order from the Department of Homeland Security is estimated to be worth more than $600,000. The initial purchase order from the Department of Homeland Security was for 150,000 CyberKey units, of which 63,000 have already been shipped. CyberKey Solutions, Inc. recently announced that the Company received a $25 Million dollar purchase order from DHS and reported earnings of over $12,152,060 for the first and second quarters of 2006. CyberKey Solutions posted their 1st and 2nd Quarter 2006 unaudited financials on the Company's website, www.cyberkeysolutions.com, and also on www.pinksheets.com. The Company is currently in the process of auditing their financial statements and is expecting to file them in the near future.
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"This addition of 40,000 CyberKey BIO units is an exciting development for our Company and our shareholders. By expanding our relationships with current customers and increasing orders and revenue, we are continuing to prove that we are an undervalued company with a profitable future," stated Jim Plant, CEO of CyberKey Solutions, Inc.
About CyberKey Solutions, Inc.:
CyberKey Solutions, Inc. recently received a $25 Million Dollar purchase order from the Department of Homeland Security. CyberKey Solutions is currently shipping their USB flash drives to the Department of Homeland Security as well as to all branches of the U.S. Military. CyberKey Solutions, Inc., based in St. George, Utah, partners with industry leading manufacturers and distributors to deliver secure USB drive based solutions to vertical markets and content owners, service providers and resellers. CyberKey's solutions solve real world issues in the entertainment, education, government, military, automotive, financial services and medical industries. CyberKey Solutions' technologies allow users to securely transfer large amounts of data, files and applications software from one electronic device to another while employing a patent pending USB based Digital Rights Management process. CyberKey's solutions create new opportunities for existing industries and applications.
Statements contained in this news release, other than those identifying historical facts, constitute 'forward-looking statements' within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.