Symbol:
MRKL
Exchange:
OTCBB
Approx. Shares Outstanding:
327,444,291
*at time of publishing
Employees: 196 as of Oct. 2005
Markland Technologies, Inc. (OTCBB: MRKL) has four business segments, which address the needs of the Homeland Security marketplace:
Remote sensor systems for military and intelligence applications (EOIR Technologies, Inc.);
Chemical Detection Systems (Science & Technology Research, Inc.);
Border Security (Ergo Systems, Inc.);
Advanced Technologies
Markland's largest customers are the U.S. Army, the U.S. Navy, the Department of Homeland Security, and various other U.S. intelligence agencies.
The Company recently announced it completed the purchase of all of the stock of Virginia based E-OIR Technologies, Inc. (EOIR) (www.eoir.com). EOIR is a major technology and services provider to the US Army Night Vision Laboratories and has expertise in wide area remote sensing utilizing both electro-optic and infrared technologies.
Prior to the acquisition of E-OIR Technologies, Inc. ("EOIR"), the primary sources of operating revenue were sales of the automatic chemical agent detection and alarm system, border security logistics products and services, and Small Business Investment Research ("SBIR") funded research grants for the development of gas plasma antenna technology. As result of the acquisition of EOIR, now a wholly-owned subsidiary of Markland, the primary sources of operating revenues will be the sales of remote sensing technology products and services to the United States Department of Defense and to various other United States Intelligence Agencies.
The Company is focused on providing highly differentiated products, services and emerging technologies to protect the country's borders, infrastructure and personnel. Markland's strategy is to grow through organic means via increased acceptance by customers of their present products and services offerings and also via synergistic acquisitions of assets that provide products or services to Homeland Security, DOD, or INTEL.
Markland is currently a member of the Homeland Security Industries Association (www.hsianet.org) and testified in 2003 at a Congressional Hearing with HSIA on behalf of small and medium businesses on how to better introduce and present counter terrorism technologies to the DHS and more recently on July 21, 2004 at a hearing to provide testimony with regard to legislation HR 3562, designed to provide tax incentives to promote private sector Homeland Security initiatives.
Markland's primary manufacturing facilities are located in Fredericksburg, VA and Providence, RI.
MRKLE mcap 7.2M owns 13,954,023sh TCNH@6.05/sh=$84.4M
Markland Technologies Inc. Re-Iterates $10M Technest Holdings Inc. Stock Dividend; Record and Distribution Dates for Common Shareholders
WEDNESDAY, MARCH 08, 2006 11:00 AM
- PrimeZone
MRKLE
0.0219 +0.0044
BOSTON, Mar 8, 2006 (PRIMEZONE via COMTEX) -- Markland Technologies, Inc. (MRKLE) , a defense and homeland security company transforming advanced laboratory technology into real-world products, as announced in August 2005, re-iterates its previously declared stock dividend to the holders of the Company's common stock of $10 million worth of shares of Technest Holdings Inc.
http://www.technestholdings.com (TCNH) common stock that the Company currently owns, up to a maximum of 2.5 million shares of Technest common stock. The record date for the stock dividend is May 1, 2006 and the distribution date for the stock dividend is July 5, 2006.
The actual number of shares of Technest common stock to be distributed will be calculated based on a per share price equal to the average closing price of the Technest Stock as reported by the National Association of Securities Dealers Automatic Quotations service for the ten trading days ending June 30, 2006. However in no event shall the number of shares of the Technest common stock distributed exceed 2.5 million nor will Markland deliver fractional shares of the Technest common stock. As of this date Markland presently owns 13,954,023 shares of Technest common stock. Markland management is considering alternatives available to it for future dividends to be made to its common shareholders.
The Company is continuing to work on the accounting issues described in the Current Report on Form 8-K issued on February 10, 2006 concerning non-reliance on previously issued financial statements. At this time, there is no further update on when these issues will be addressed. However, the Company intends to restate the financial statements in question as soon as practicable.
About Markland Technologies
Markland Technologies, Inc. is engaged in the identification of advanced technologies currently under development in laboratories, universities and in private industry, and in the transformation of those technologies into next-generation products. Markland's solutions support military, law enforcement and homeland security personnel to protect the nation's citizens, borders and critical infrastructure assets from the threat of terrorism and other dangers. Through strategic development, Markland focuses on the creation of dual-use technology and products with applications in both the defense market and civilian homeland security and law enforcement fields. The Company is a Board Member of the Homeland Security Industries Association. For more information about the company and its products, please visit the Markland home page at
http://www.marklandtech.com.
About Technest Holdings, Inc.
Technest Holdings, Inc.
http://www.technestholdings.com (TCNH) is a provider of: advanced remote sensor systems, chemical detectors, intelligent surveillance and advanced 3D imaging technology solutions to the defense and homeland security marketplaces. Technest is committed to setting next-generation standards in defense and security through the provision of innovative emerging technologies and expert services. Technest's solutions support military, law enforcement and homeland security personnel. Through strategic development, Technest focuses on the creation of dual-use technology and products with applications in both the defense market and civilian homeland security and law enforcement fields.
"Forward-Looking Statements"
Investors are cautioned that certain statements contained in this press release as well as some statements in periodic press releases and some oral statements of Markland Technologies officers and directors during presentations about Markland Technologies, are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "expects," "anticipates," "intends," "plans," "believes," "estimates," or similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future actions, which may be provided by management, are also forward-looking statements as defined by the Act. Some of the factors that could significantly impact the forward-looking statements in this press release include, but are not limited to: a reduction in order rates from the Army's Night Vision and Electronic Surveillance Directorate, insufficient cash flow to continue to fund the development and marketing of the Company's products and technology; a rejection of the Company's products and technologies by the marketplace, and; disputes as to the Company's intellectual property rights. Forward-looking statements are based upon current expectations and projections about future events and are subject to risks, uncertainties, and assumptions about Markland Technologies, its products, economic and market factors and the industries in which Markland Technologies does business, among other things. These statements are not guarantees of future performance and Markland Technologies has no specific intention to update these statements. More detailed information about those factors is contained in Markland Technologies filings with the Securities and Exchange Commission.
http://www.sec.gov
The ECON Investor Relations Inc. logo is available at:
http://www.primezone.com/newsroom/prs/?pkgid=1799
More information on Homeland Security issues, including news releases, events and experts available for comment, can be found on the Homeland Security Newsline at www.primezone.com/hs
March 16, 2006 - 8:00 AM EST
Technest Holdings Inc. Applies for NASDAQ Market Listing; Company Appoints New CEO and Independent Board of Directors
Technest Holdings, Inc. www.technestholdings.com (OTCBB:TCNH), a defense and homeland security company transforming advanced laboratory technology into real-world products, announced today that it has submitted an application for listing of its shares of common stock on the NASDAQ Capital Market.
Company management with co-operation from its majority shareholder, Markland Technologies Inc (OTCBB: MRKLE), has restructured its corporate governance and has appointed three members to its Board of Directors, all of whom meet the "independent" and corporate governance requirements of NASDAQ. Effective on March 15, 2006, newly appointed board members: Major General (Ret) David R. Gust, Robert Doto and Darlene Deptula Hicks have formed the requisite independent audit, compensation, and nominating and corporate governance committees.
Also as part of the corporate governance restructuring, Robert Tarini has resigned his positions of CEO and director of Technest Holdings Inc. He will remain as CEO and Director of Technest's majority shareholder, Markland Technologies, Inc. Dr. Joe Mackin has been appointed the new CEO of Technest Holdings and will remain a director of Technest Holdings along with the CFO, Gino Pereira. Dr. Mackin has resigned as a director and President of Markland Technologies.
Robert Tarini stated, "It has been my pleasure to work with the talented management team here at Technest to help form the new operating and equity structure and I am quite pleased Dr Joe Mackin has accepted the position of CEO. These structural changes allow Technest to proceed to grow its business and future as a public entity. Dr Mackin and Gino Pereira will do a fabulous job as CEO and CFO, respectively. The newly appointed independent board of directors will come to the job with a wealth of industry and public company experience."
"A NASDAQ listing of our common stock would represent an important milestone for our company," said Dr Joe Mackin, newly appointed CEO of Technest Holdings. "By moving to the NASDAQ, we hope to provide greater transparency and liquidity for our shareholders and to elevate our company's visibility and standing in the financial community."
About Technest Holdings, Inc.
Technest Holdings, Inc. (OTCBB:TCNH) is a provider of: advanced remote sensor systems, chemical detectors, intelligent surveillance and advanced 3D imaging technology solutions to the defense and homeland security marketplaces. Technest is committed to setting next-generation standards in defense and security through the provision of innovative emerging technologies and expert services. Technest's solutions support military, law enforcement and homeland security personnel. Through strategic development, Technest focuses on the creation of dual-use technology and products with applications in both the defense market and civilian homeland security and law enforcement fields.
"Forward-Looking Statements"
Investors are cautioned that certain statements contained in this press release as well as some statements in periodic press releases and some oral statements of Technest Holdings Inc. officers and directors during presentations about Technest Holdings , are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "expects," "anticipates," "intends," "plans," "believes," "estimates," or similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future actions, including listing of our common stock on the NASDAQ Capital Market, which may be provided by management, are also forward-looking statements as defined by the Act. Some of the factors that could significantly impact the forward-looking statements in this press release include, but are not limited to: inability to satisfy NASDAQ's listing requirements, a reduction in order rates from the Army's Night Vision and Electronic Surveillance Directorate, insufficient cash flow to continue to fund the development and marketing of the Company's products and technology; a rejection of the Company's products and technologies by the marketplace, and; disputes as to the Company's intellectual property rights. Forward-looking statements are based upon current expectations and projections about future events and are subject to risks, uncertainties, and assumptions about Technest Holdings, its products, economic and market factors and the industries in which Technest Holdings does business, among other things. These statements are not guarantees of future performance and Technest Holdings has no specific intention to update these statements. More detailed information about those factors is contained in Technest Holdings filings with the Securities and Exchange Commission.
http://www.sec.gov/.
Technest Holdings, Inc.
Sally O'Connor, 617-973-5108
InvestorRelations@Technestsupport.com
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last week it started to wake up,, so I picked up 300,000 before yesterdays close and here we are I'm finally in the green,, 
