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DDSI- Digital Descriptor Systems, Inc. Announces Year End Results Record Revenues Increase More Than 800 Percent From Prior Year SEA GIRT, N.J. (EWORLDWIRE) Apr 20, 2006
Digital Descriptor Systems, Inc. (Pink Sheets: DDSI), an industry leader in the development of Homeland Security-related products, announced audited results for the fiscal year ended December 31, 2005. Record revenues grew more than 800 percent, to $3,335,631, from the 2004 year end report of $412,052. Gross profit rose 506 percent, to $2,226,727, from $367,270 for fiscal 2004.
In March 2005, DDSI acquired Somerset County, N.J.-based CGM Applied Security Technologies, Inc., a leading manufacturer and distributor of various Homeland Security products.
"Our sales and profit numbers continue to improve steadily, from quarter to quarter," says Anthony Shupin, CEO of DDSI. "With just ten months of financial results since our acquisition of CGM, there’s every indication the business strategies we set in motion in March 2005 are extremely effective. We’re currently in the midst of a very strong turnaround."
Michael Pellegrino, DDSI’s CFO, notes, "We continue to utilize planning and discipline to carefully navigate the company through this early stage of growth. EBITDA (earnings before interest, taxes, depreciation and amortization) losses of $220,166 for the ten months since the acquisition indicate that we may have come close to breaking even in cash flow had we had the full year."
About Digital Descriptor Systems, Inc.
The company, based in Sea Girt, N.J., 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.
Its subsidiary, CGM Applied Security Technologies, Inc., based in Somerset, N.J., 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.
Safe Harbor Statement Under the Private Securities Litigation Act of 1995 - With the exception of historical information, the matters discussed in this press release are forward-looking statements that involve a number of risks and uncertainties. The actual future results of the Company could differ significantly from those statements. Factors that could cause actual results to differ materially include risks and uncertainties such as the inability to finance the company’s operations or expansion, inability to hire and retain qualified personnel, changes in the general economic climate, including rising interest rate and unanticipated events such as terrorist activities. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of such terms, or other comparable terminology. These statements are only predictions. Although we believe that the expectations reflected in the forward-looking statements are reasonable, such statements should not be regarded as a representation by the Company, or any other person, that such forward-looking statements will be achieved. We undertake no duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements. For further risk factors associated with our Company, review our SEC filings. HTML: http://newsroom.eworldwire.com/wr/042006/14305.htm PDF: http://newsroom.eworldwire.com/pdf/042006/14305.pdf ONLINE NEWSROOM: http://newsroom.eworldwire.com/305379.htm RSS NEWSROOM: http://newsroom.eworldwire.com/xml/newsrooms/305379.xml
President/CEO DDSI Sea Girt, NJ, 08750 USA 732-359-0260 (phone) 732-359-0265 (fax) tony.shupin*ddsi-cpc.com www.ddsi-cpc.comPosts: 871 | From: New York, NY | Registered: May 2005
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i have been holding this stock for long time. does not seem to go up. hope this news will fly the stock
Posts: 338 | From: oregon | Registered: Jan 2006
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Last trade was 1,000 shares at .0004. That's about .40 plus commission. Must be the MM's signal. Take it up tomorrow.
Posts: 1289 | Registered: Dec 2005
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quote:Originally posted by buzzygresham: what made it run last august??? news, earnings??? anyone know?
I looked at prior PR's during the run up and didn't see any during that time. Maybe it was hype/rumors. The news today is real. Spread the good word. The more investors the better. GLTA Posts: 1289 | Registered: Dec 2005
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quote:Originally posted by logical buyer: Look at info at the other thread for DDSI.
Why don't you suggest that they close the other thread and use this one since it has the lastest news.
Posts: 1289 | Registered: Dec 2005
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Because I want other people to see what has been said. It will give a great example of how to play the game. JimSc had very good strategy and I thank him also!
Back to studying..................
-------------------- I buy fast and sell faster! Posts: 2018 | Registered: Jan 2006
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Sub Penny Radio talked a lot about DDSI today. .0005 or higher is key he said. 200 day moving average is .0005. Once it holds there and prints .0006. He thinks it will explode up!
He is buying in on Friday. Simon is one hell of a stock picker.
Posts: 1638 | From: Up North | Registered: Jan 2006
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quote:Originally posted by logical buyer: Sub Penny Radio talked a lot about DDSI today. .0005 or higher is key he said. 200 day moving average is .0005. Once it holds there and prints .0006. He thinks it will explode up!
He is buying in on Friday. Simon is one hell of a stock picker.
Excuse my ignorance, but who is Simon?
Posts: 1289 | Registered: Dec 2005
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quote:Originally posted by logical buyer: Sub Penny Radio talked a lot about DDSI today. .0005 or higher is key he said. 200 day moving average is .0005. Once it holds there and prints .0006. He thinks it will explode up!
He is buying in on Friday. Simon is one hell of a stock picker.
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