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well, if its gonna go past 0005, then this is the time it will. but with people selling at 0004, its obviously gonna take a little longer to hit 0005
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bellwetherreport.com: The Bellwether Report updates investors on Digital Descriptor Systems, Inc
By M2 Last Update: 5/18/2006 12:09:59 PM Data provided by
May 18, 2006 (M2 PRESSWIRE via COMTEX) -- Digital Descriptor Systems, Inc (OTCPK:DDSI), is a company that our research team will be tracking over the ensuing weeks. They recently came out with a significant corporate development, causing a market stir. The BWR Research Team will continue to bring its subscribers cutting edge research tools, and second to none customer service.
Digital Descriptor Systems, Inc an industry leader in the development of Homeland Security-related products, announced quarterly results for the three months ended March 31, 2006.
Revenues for the three months ended March 31, 2006 of $870,964 increased $722,089 or 485% from the three months ended March 31, 2005 (restated). DDSI generates its revenues through software licenses, hardware, post customer support arrangements and other services. The increase in DDSI's revenue is attributed to the purchase of CGM Applied Security Technology, Inc in March, 2005.
Cost of revenue for the three months ended March 31, 2006 was $293,342 an increase of $248,640 or 556% from the three months ended March 31, 2005 (restated). The increase was attributable to the purchase of CGM Applied Security Technology, Inc in March 2005. Cost of revenue sold as a percentage of revenue for the three months ended March 31, 2006 was 34% of total revenues.
Operating expenses increased $401,341 or 139% during the three months ended March 31, 2006 versus the three months ended March 31, 2005 (restated). This increase was mainly attributable to the purchase of CGM Applied Security Technology, Inc in March 2005.
Research and development for the three months ended March 31, 2006 was $26,524 compared to $3,848 for the same period prior year for an increase of $22,676 or a 589% increase, which was due in part to the purchase of CGM Applied Security Technology, Inc in March 2005.
The net (loss) for DDSI increased 8% for the three months ended March 31, 2006 to $(1,897,872) from $(1,751,701) for the three months ended March 31, 2005 (restated). This was primarily due to the increase in operating expenses.
Net cash provided by investing activities was $0 and ($1,500,000) for the three months ended March 31, 2006 and March 31, 2005 (restated), respectively. This increase was due in part to the purchase of CGM Applied Security Technology, Inc. in March 2005.
The Company plans to spend the majority of it's time and efforts on increasing the revenue and marketplace of its wholly owned subsidiary, CGM Applied Security Technologies, as it feels that there is a much greater potential for growth of the product line of CGM. In order to accomplish this, the Company has hired additional sales people and is increasing its marketing budget in order to expand the awareness of CGM's product line. In addition, the Company has begun a complete revamping of the company's infrastructure in order to make it better able to respond to the need of its customers and to give management the reporting it needs on a timely basis.
To continue to expand the sale and acceptance of its core solutions by offering new and synergistic biometric (a measurable, physical characteristic or personal behavioral trait used to recognize the identity, or verify the claimed identity, of an individual) (i.e. FMS) security products to its installed base in the criminal justice market. DDSI's objective is to expand with these, and additional products, into much larger commercial and federal markets.
Following this announcement, shares of Digital Descriptor Systems, Inc traded up significantly as this company continues to deliver innovative and exciting products. Currently this company is trading at $0.0004, up 33.0% on volume of nearly 1.2 billion shares. This company is heavily traded by day traders making it extremely volatile, but if they continue to experience growth like they have in the past, I can't see an improvement in share price. The BWR Research Team will continue to follow the market sentiment on this company and numerous others.
To review research on small cap companies like Digital Descriptor Systems, Inc, as well as many more exciting articles we encourage you to visit www.bellwetherreport.com. You can find these reports under the "Today's Articles" section. No credit Card Needed!!
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All material herein was prepared by the Bellwetherreport.com, (Bellwether) based upon information believed to be reliable. The information contained herein is not guaranteed by Bellwether to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Bellwether is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter.
Please consult a broker before purchasing or selling any securities viewed on or mentioned herein. Bellwether may receive compensation in cash or shares from independent third parties or from the companies mentioned.
Bellwether's affiliates, officers, directors and employees may also have bought or may buy the shares discussed in this opinion and may profit in the event those shares rise in value.
Bellwether will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market.
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We are in the zone here folks. The area between what people want to pay and what they need to pay to get into this baby. Once 5's start printing consistant those .0003's are going to change to 5's and 6's.
Look for EOD rush!
The Bigfoot
-------------------- No longer eligible for government service due to lack of tax issues.
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2bill O/S is not to bad for this price...This thing has to pop soon. MMs seem to be holding it back...Lots of buys coming in at .0004 RELEASE THE MOSTER
-------------------- Hurry up and wait.
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Man this is a run today. I remember back in the good ole days when this was called a single uptick. LOL Have to have some fun with it.
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-------------------- "Fear is the path to the Dark Side. Fear leads to anger; anger leads to hate; hate leads to suffering. I sense much fear in you." —Yoda
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