posted
This stock is starting to climb - up more than 100% this week - bolstered by great 2006 financials. See below:
Profits Increase More than 300 Percent
SEA GIRT, N.J., April 5 /PRNewswire-FirstCall/ -- Allied Security Innovations, Inc. (Pink Sheets: ASVN), formerly DDSI - an industry leader in the development of Homeland Security and other commercial security related products - announced results for the operating year, 2006. Revenues for the year grew 35.7 percent, an increase of $1,192,902. Gross profit over the period rose $703,309, an increase of 319 percent.
"Our record growth, coupled with strong market demand for the top quality, state-of-the-art products we supply were the key components in increased revenues," said Anthony Shupin, CEO of ASI. "Our audited results prove that we are well on our way for continued growth."
Late last year, ASI announced that it would focus on increasing revenue, while controlling expenses and improving operations. The company intends to continue to execute its plan to increase operational efficiencies, refine and develop new products and expand sales and distribution channels to meet market demand.
"Our strong management controls over expenses continue to help increase our operating profit which also benefited from our significant increase in revenue," added ASI CFO Michael Pellegrino.
About Allied Security Innovations, Inc.
The company, based in Sea Girt, NJ, develops and markets integrated enterprise-wide image applications specifically designed for criminal justice organizations. Customers include states, cities, counties, corrections, justice, and public safety agencies. Additional information is available online, at www.ddsi-cpc.com.
Its subsidiary, CGM Applied Security Technologies, Inc., based in Somerset, NJ, is a leading manufacturer and distributor of Homeland Security products, including indicative and barrier security seals, security tapes and related packaging security systems, protective security products for palletized cargo, physical security systems for tractors, trailers and containers, as well as a number of highly specialized authentication products. Additional information is available online, at www.cgmsecuritysolutions.com.
Allied Security Innovations, Inc. (Formerly DDSI) First Quarter Reports 23.3% Gross Profit Increase
SEA GIRT, N.J., May 17, 2007 /PRNewswire-FirstCall via COMTEX/ -- Allied Security Innovations, Inc. (Pink Sheets: ASVN) -- an industry leader in the development of Homeland Security and other commercial security related products -- announced results for the first quarter 2007. Revenues for the quarter grew 13.9 percent from the same period in 2006, an increase of $ 120,983. Gross profit over the period rose $134,474, an increase of 23.3 percent. "We are managing our operation with the objective of sustained growth. The demand for our products is a key component to our increased revenues," said Anthony Shupin, CEO of ASI. "However, it is our talented employees and management team that are enabling us to increase efficiency and open the doors for new opportunities. This increase in revenue is more noteworthy because it comes with a decrease in total operating expenses of 5.7 percent, or $30,075, despite our emphasis on increased quality control, new product development, and improved plant/production facilities."
Late last year, ASI announced that it would focus on increasing revenue, while controlling expenses and improving operations. The company intends to continue to execute its plan to increase operational efficiencies, maintain high levels of client satisfaction, refine and develop new products and expand sales and distribution channels to meet market demand.
"Our earnings before interest, taxes and depreciation increased 154 percent to $60,949, compared to a loss of ($112,600) in the first quarter of 2006" adds ASI CFO Michael Pellegrino. "This is a good indication that our plan is working."
About Allied Security Innovations, Inc.
The company, based in Sea Girt, NJ, develops and markets integrated enterprise-wide image applications specifically designed for criminal justice organizations. Customers include states, cities, counties, corrections, justice, and public safety agencies. Additional information is available online, at http://www.ddsi-cpc.com.
Its subsidiary, CGM Applied Security Technologies, Inc., based in Somerset, NJ, is a leading manufacturer and distributor of Homeland Security products, including indicative and barrier security seals, security tapes and related packaging security systems, protective security products for palletized cargo, physical security systems for tractors, trailers and containers, as well as a number of highly specialized authentication products. Additional information is available online, at http://www.cgmsecuritysolutions.com.
kenzone
posted
Sorry if I posted this to the wrong thread!!
I also posted it to "PR for afterhours" thread.
atleast
posted
quote:Originally posted by kenzone: Sorry if I posted this to the wrong thread!!
I also posted it to "PR for afterhours" thread.
does not matter - DDSI is still DDSI
kenzone
posted
quote:Originally posted by atleast:
quote:Originally posted by kenzone: Sorry if I posted this to the wrong thread!!
I also posted it to "PR for afterhours" thread.
does not matter - DDSI is still DDSI
Yep.
I've been in and out of DDSI since Oct 2005. sold most of it before the R/S...still have some however so I keep an eye on it. Funny how there is no volume yet...curious to see what it does today?
gatorhistory
posted
Shares issued & outstanding - 49,165,463 as of May 15th, 2007
Still way undervalued here. They are on the right track IMO...still looking for the new web presence to launch.
Kind of old news, but having been a DDSI lifer/bag holder it totally cracked me up they PR'd their security products being used in the movie Oceans 13.
Apparently there's 2 quick scenes, so don't blink and miss the free advertising that's going to make this product famous.
Reminds me of being a grip for the film industry, and there were all these sleazy "extras" who would prostitute themselves for 2 seconds in front of the camera. OMG
oldguy
posted
It doesn't matter if their profits are up 300% or 3,000%, this company is totally anti stock holder and pro lining their own little greedy pockets. My stock in this company is worth a fraction of 1% of what I paid for it thanks to their reverse split mentality. They will never let their stockholders make a profit. If they are reading this, they are certainly getting the last laugh - at our expense. My stock value has gone to less than 1% of what I paid for it. It will be impossible to ever get that money back. Reverse splitting is the biggest legal scam in the history of the stock market.
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