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CyberKey Solutions, Inc. Reports Over $12.5 Million in Net Earningsand $33 Million in Revenues for 2006
Jan 29, 2007 09:07:14 (ET)
ST. GEORGE, UT, Jan 29, 2007 (MARKET WIRE via COMTEX) -- CyberKey Solutions, Inc. (PINKSHEETS: CKYS) is pleased to announce that the Company has reported net earnings of $12,884,030 for the fiscal year 2006. CyberKey Solutions has posted their 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.
According to the unaudited financial statements, CyberKey Solutions has generated over $33,000,000 in revenues, which includes the purchase order from various federal government agencies for 150,000 CyberKey units. CyberKey has also reported total assets exceeding $28,000,000, which is a 45% increase over the $19,500,000 in assets reported for the first half of 2006. The Company has also received a number of additional orders as a result of their appearances at numerous trade shows and online marketing campaigns.
"This was truly an amazing year for the growth of our company and it is reflected in our financial statements. We will continue to aggressively market our cutting edge security solutions and product line to our ever expanding list of vertical markets," stated Jim Plant, CEO of CyberKey Solutions, Inc.
CyberKey Solutions, Inc. recently announced that the KeepSafe 2.0 is now featured on the DOD EMALL website. The DOD EMALL is a single point of entry for Department of Defense and federal government customers to find and acquire off-the-shelf items, finished goods, and services from the commercial marketplace and government sources. DOD EMALL buyers include all branches of the U.S. Armed Services, the U.S. Postal Service as well as the FBI and DEA, among many others.
About CyberKey Solutions, Inc.:
CyberKey Solutions, Inc. is currently fulfilling a $25 Million purchase order to various segments of the U.S. Government. 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. For more information, please visit their website at www.cyberkeysolutions.com .
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.
Brokers can receive instant updates, press releases, and other information on CyberKey Solutions and other Big Apple Consulting USA companies, please visit www.bigappleconsulting.com/compro.php and download your FREE copy of Big Apple ComPro.
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what is going on here? according to my calculations we have a book value of almost twenty cents(.20), assuming the o/s is around 200 mil... can someone correct me if i'm wrong with the o/s, please...
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quote:Originally posted by RichBy26: what is going on here? according to my calculations we have a book value of almost twenty cents(.20), assuming the o/s is around 200 mil... can someone correct me if i'm wrong with the o/s, please...
quote:Originally posted by RichBy26: are they diluting?
These PK's love to dilute on HUGE news. This stock should have rocketed on BLOCK BUSTING NEWS. Instead it tanked. btw its located in Utah, which is off limits for me. I lost some money in this 2 months ago. once was enough. Good luck.
-------------------- Do not invest on any of my suggestions
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