-- Expects Revenues of Approximately $7 Million vs. None in Previous Year
-- 90% of 2006 Revenue Is Recurring
-- Break-Even Anticipated in Second Quarter
Liska Biometry (OTCBB: LSKA) a leading provider of biometric identification solutions, today announced guidance for year-end. The Company expects to report approximately $7 million in revenue for 2006 compared to no revenue in 2005. The Company supports its belief based on a successful merger with Digital Card Systems, Inc. and the acquisition of Markow Photo Properties, which have brought Liska a number of synergistic effects. Further, the Company has won numerous contracts for passport and ID projects in various European countries, a drivers' licensing contract in the Caribbean and several corporate security ID projects for a wide variety of global corporations.
Christopher J. LeClerc, president of Liska, said, "We are very pleased with the development of our business over the course of 2006. The roughly $7 million we expect to report for revenue for 2006 marks the beginning of Liska as an operating business enterprise as opposed to a development stage company. Moreover, around 90% of that revenue will be recurring, providing a secure base for 2007."
Highlighted Links Liska Biometry Inc.
He added, "We expect our margins to range from 32% to 38% for 2006, and because of increasing sales of our technology, these could rise in the coming quarters. I would add that our sales pipeline is full and healthy, and that based on all of these factors, I expect Liska to reach break even at some point in the second quarter and to move into profitability before 2007 ends."
About Liska Biometry
Liska Biometry develops revolutionary fingerprint biometric solutions enabling fast individual authentication, precise identification searches, as well as cross-platform data interoperability. Our innovative, scalable technology generates a unique, short, repeatable numerical identifier from one's fingerprint.
This short number becomes a precise and universal biometric identifier easily embedded in travel documents, such as visas and passports, credit cards, driver's licenses and a host of other personal credentials.
Liska's product offerings address national security concerns regarding privacy and data integrity. From consular services to terrorist watch lists, our innovative technology allows for seamless, integrated identification searches across disparate databases at all levels of government and law enforcement.
-------------------- This is not a recommendation to buy or sell securities.
IP: Logged |
posted
Liska Biometry's Al-Cor ID Solutions Begins Installation of RFID System for Student-Staff Security Company Enters School Security Market DOVER, NH -- (MARKET WIRE) -- January 30, 2007 -- Liska Biometry (OTCBB: LSKA), a leading provider of biometric identification solutions, today announced that its Al-Cor ID Solutions subsidiary won a contract for a pilot project to install and support an RFID system to enhance the security of students and staff in public schools. Installation has begun and when the system is proven to be successful, the contract makes it possible to implement the system in over 50 schools, identifying 100,000 students and faculty. For reasons of enhanced security, Liska will not reveal the location or the name of the board of education involved.
The pilot project consists of enrolling and authenticating over 2,500 students in one school, using handheld PDAs and RFID cards for each student and staff member. Other schools have already expressed interest in implementing the Al-Cor solution once the pilot project has proven successful.
The RFID system to be deployed by Al-Cor ID Solutions will help safeguard students and schools by making it possible for administrators and security personnel to identify every student as well as individuals who are not authorized to be on campus.
Christopher LeClerc, President of Liska, said, "This is our first contract for security products and support services in the educational security arena. We believe that there is a significant demand for this kind of protection in our elementary and secondary schools as well as at colleges and other seats of learning. This project represents a beginning for our company in the education security field, and we believe that our experience there will enable us to expand to many other school districts across the country."
Highlighted Links Liska Biometry Inc
He added, "The system is being installed today and will be operational within a week. At that point, their security personnel will be able to use a handheld device to read the RFID chip on the student ID card, and know immediately who is where they are supposed to be, who isn't, and who represents a security risk to the students and faculty. As part of the contract, we will provide support, which enhances our revenue stream, ensuring the system remains optimally tuned to the needs of the school and the security personnel using it. Moreover, the entire system can be upgraded into the Liska Software suite if administrators deem it useful to do so, bringing further security capabilities to the school district."
LeClerc concluded, "We believe that the school security market will be able to benefit greatly from our biometric solutions for rapid identity authentication. We are already pursuing other school districts, and the outlook is promising."
About Liska Biometry
Liska Biometry develops revolutionary fingerprint biometric solutions enabling fast individual authentication, precise identification searches, as well as cross-platform data interoperability. Our innovative, scalable technology generates a unique, short, repeatable numerical identifier from one's fingerprint.
This short number becomes a precise and universal biometric identifier easily embedded in travel documents, such as visas and passports, credit cards, driver's licenses and a host of other personal credentials.
Liska's product offerings address national security concerns regarding privacy and data integrity. From consular services to terrorist watch lists, our innovative technology allows for seamless, integrated identification searches across disparate databases at all levels of government and law enforcement.
-------------------- This is not a recommendation to buy or sell securities.
IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
