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MDIZQ SEC Suspension:
http://www.sec.gov/litigation/suspensions/2012/34-66445.pdf
ADMIN Proceeding:
http://www.sec.gov/litigation/admin/2012/34-66446.pdf
The R/S kiss of death.
Aug 10, 2009 MDI, Inc.MDII today announced that its board of directors has authorized a one-for-ten reverse split of its common stock, which was approved by MDI stockholders at the Annual Meeting of Stockholders on November 13, 2008. The reverse split will be effective on receipt of notification from FINRA, which is expected on or before August 18, 2009.
Read the prospective filing from last week. They will hold a shareholders meeting to vote on a R/S in November.
I am out now and GLTY
How do you see them getting over $1 PPS ?
Is this feasible or not ?
Profitable bottom line and new contracts. They also need to get the shares past $1.00 to comply with NASDAQ and continue listing
Seems like we are having somewhat of a run-up
Up 10 cents of good volume...........
Any ideas as to what might be pushing this?
Thanks - Jim
Bailed out @ .55 for play money.Not happy with the heavy volume and only 35% higher I feel it could have run more towards .80 but will buy back in under .35 should it retrace.
GLTY
My impression is that with the low volume, there is just very little interest in the stock at this point. 22k shares traded only amounts to about $10k. Last year the CEO gave a revenue estimate for the year that turned out to be way off the mark. This year there was no estimate given. Whether it's a question of management credibilty or lack of visibility about whether the company can finally grow revenue after 3 straight years of flat revenue, there appears to be no compelling reason to buy into the stock.
Anyone on this board understand why this stock has remained so depressed?
Mostly fluff but at least its something.
MDI, Inc.'s LearnSafe(TM) Initiative Launches LearnSafe Direct(TM) - The Nation's First and Only School Safety and Security Products and Services Catalog
Monday June 9, 8:00 am ET
Highlights Include New LearnSafe Sentinel Handheld Wireless Mobile Video Monitor, Training Classes from The Law Advisory Group and Financing from the $40M TX School Safety Fund
SAN ANTONIO--(BUSINESS WIRE)--MDI, Inc. (NASDAQ: MDII - News) announced today that The LearnSafe™ Initiative has launched LearnSafe Direct™, the first and only catalog focused exclusively on school safety and security technology, products, services and training. Geared specifically for public school districts, private schools and educational institutions, the catalog’s first five thousand copies will be mailed today and additional catalogs will be distributed to school districts throughout the summer.
The LearnSafe team and its partner companies (Nortel, ASSA ABLOY and the SBS Group) will be attending and presenting at numerous school safety, law enforcement and school administrator conferences this summer, where they will distribute the new catalog, educate the market on the value of a district-wide integrated school safety and security solution and promote the $40M Texas School Safety Fund.
The Texas School Safety Fund, established by LearnSafe in partnership with Government Capital Corporation, was created so that Texas school districts could properly fund the mitigation of risk discovered in their state mandated risk audits and implement an effective and proven safety and security program. LearnSafe delivers a comprehensive financing plan, tailored to the specific financial needs of the district and assists them in designing, implementing and managing an affordable turn-key solution.
As a value added service, LearnSafe customer service professionals will assist school personnel in specifying the best products for their specific needs and designing their school security systems to comply with all requirements, specifications and codes.
The LearnSafe Initiative also announced today that it would be launching its new exclusive product called Sentinel, which is a handheld wireless mobile video control monitor designed for school district security personnel that delivers a unique portable high-quality surveillance solution. District law enforcement officers, school security personnel and other authorized users can log in to any integrated school surveillance camera before, during or after an incident and control its functions to get a real-time visual reading of what lurks around every corner, in every hallway and throughout each parking lot within a school system.
In addition, LearnSafe has teamed with the pioneers and established thought leaders in school safety and security training, The Law Advisory Group (www.lawadvisory.com), to deliver training classes designed for school administrators, district safety officials, campus police, school resource officers (SRO) and first responders. Well-known and respected industry veteran Dr. Gary Avery, J.D., will teach the initial classes, which include “Safe Schools: Techniques for Administrators and Law Enforcement.” Dr. Avery is the exclusive trainer for and legal advisor to NASSLEO (National Association of School Safety and Law Enforcement Officers www.nassleo.org) and NASS (National Alliance for Safe Schools www.safeschools.org).
Beginning with Illinois, Kansas and Texas (LearnSafe Training Center, San Antonio, TX, August 20, 2008) in late August, the professional training team is scheduled to cover fifteen states before Thanksgiving of this year.
About MDI, Inc.
MDI, Inc. (NASDAQ: MDII - News), is the parent company of a diverse set of wholly-owned subsidiaries that have successfully serviced the construction and security industries for over 28 years. MDI companies deliver security technology products, services and training for government, homeland security, commercial and educational markets as well as comprehensive construction solutions for a variety of clients on an international scale. MDI companies include:
Nice day up .05 or 11% to .51
MDI, Inc. Announces $300,000 Product Order from Almana Networks
Thursday May 29, 12:46 pm ET
Seventh Order This Month is in Partial Fulfillment of $5 Million 2008 Revenue Commitment
SAN ANTONIO--(BUSINESS WIRE)--MDI, Inc. (NASDAQ:MDII - News) announced today that its MDI Security Systems Division (MDI) has received an additional $300,000 product order from international technology solutions integrator Almana Networks (Almana), based in Doha, Qatar. This product order is the seventh purchase announced this month that has been placed toward partial fulfillment of a $5 million revenue commitment, made by Almana and announced by MDI on March 31st of this year. Approximately 10% of that commitment has now been fulfilled.
Almana’s order will be delivered to assist them in completing their network and security infrastructure project for the Barjeel Residential Tower, which is currently under construction and will be completed this year. This 64-floor skyscraper is the second largest structure in the country and is valued at $220 million. The tower will house six two-story villas, two super luxury villas and the top two stories will include two world-class restaurants.
MDI’s Middle East office, located in the Regus Building in Doha, provides Almana Networks and its physical security and low voltage customers with sales support, sales engineering support, system design services, proposal writing, value engineering and security consulting to assist them in achieving this annual revenue commitment, which is expected to continue to generate business from new large construction opportunities in one of the world’s richest and fastest growing cities (Doha, Qatar).
“This partnership was a long term investment for us and as announced by MDI in a release dated March 31, 2008, Almana Networks committed to purchase $5 million in product from MDI through the balance of this year,” stated Collier Sparks, President, Chief Executive Officer and Board Member for MDI, Inc. “As this significant order and the six other orders announced yesterday prove, this partnership is rapidly paying off for both companies. Almana Networks has issued over 40 sales quotes for new security projects from the Doha, Qatar office in the last 90 days which include MDI products and we believe that they are on schedule to meet or exceed their 2008 commitment,” he added. “The growth and new construction in and around the city of Doha is phenomenal and we will continue to service the country’s needs while meeting with Almana on partnership growth and expansion strategies throughout the region in 2008 and 2009,” Sparks concluded.
Additional projects that Almana is expecting to close in partnership with MDI in the near term include a 46-story office building and recreation center and a high-security 32-unit embassy compound.
About MDI, Inc.
MDI, Inc. (NASDAQ:MDII - News), is the parent company of a diverse set of wholly-owned subsidiaries that have successfully serviced the construction and security industries for over 28 years. MDI companies deliver security technology products, services and training for government, homeland security, commercial and educational markets as well as comprehensive construction solutions for a variety of clients on an international scale. MDI companies include:
MDI Security Systems™ - www.mdisecure.com
Thanks...I'll be holding this one for a while. Let's hope MDI shows us the money in the next few Q's.
Welcome to the thread Pennyfool. This one is a keeper.
Looks like we are getting a delayed reaction to this pr. I think investors will become more aware of this company as the potential is more apparent. $5 million in committed revenues is huge!! We need some coverage to begin on MDII.
MDI, Inc. Subsidiary MDI Security Systems Announces New Orders from Almana Networks in Fulfillment of $5 Million Revenue Commitment for 2008
Business Wire "US Press Releases "
SAN ANTONIO--(BUSINESS WIRE)--
MDI, Inc. (NASDAQ: MDII) announced today that MDI Security Systems (MDI) has received six orders this month from international technology solutions integrator Almana Networks (Almana), based in Doha, Qatar. These orders have been placed to fulfill a $5 million product revenue commitment from Almana to MDI this year.
Almana Networks is expecting to have a record year driven by an increase in business from new large construction opportunities in one of the world's richest and fastest growing cities (Doha, Qatar). The company is projecting a 300% growth in overall sales in 2008. A large percentage of this growth is expected to come from security technology products and integrated security systems that will be installed into businesses, facilities, compounds and multi-story high rise towers within and in proximity to the city of Doha.
MDI's Middle East office, located in the Regus Building in Doha, provides Almana Networks and its physical security and low voltage customers with sales support, sales engineering support, system design services and security consulting.
Current project orders include:
-- A video surveillance system for a 22-villa compound in Doha
-- Integrated access control, time & attendance and video
surveillance for the headquarters of one of the world's
largest data systems corporations, providing service to the
Qatar Foundation and Education City
-- Integrated access control, perimeter intrusion and video
surveillance for the Al Fardan BMW National Workshop in
Khalifa
-- Integrated access control and video surveillance for Al
Fardan's National Pre-Delivery Inspection Facility at
Industrial City
-- A complete digital video surveillance system for the Al Fardan
Jewelry Center
"We have had a multitude of security vendors attempting to sell us their point products," stated Ebrahim Mattar, Director of IT for the Al Fardan Group. "We have chosen MDI and Almana Networks because they offer a complete solutions approach that fits our enterprise needs across all our holdings. The team is consulting and designing systems with us hand in hand, which demonstrates a high project success rate in our experience. Because of this, we are considering working with them across the Gulf Region," he added.
Additional projects that Almana is expecting to deliver in partnership with MDI in the near term include a 46-story office building and recreation center, a 64-story residential tower (which is the 2nd largest structure in the country) and a large-scale 32-unit compound.
The unique customization features of MDI's multiple award-winning open architecture platform continue to resonate with the Middle East market. MDI and the Almana Networks team continue to empower client organizations to manage by exception across multiple layers of security protection. As an event occurs, MDI's unified system gives security managers complete enterprise situational awareness capabilities while allowing them to command and control integrated point security solutions as needed, across multiple remote locations, based on levels of threat to people, facilities and assets.
About MDI, Inc.
MDI, Inc. (NASDAQ: MDII), is the parent company of a diverse set of wholly-owned subsidiaries that have successfully serviced the construction and security industries for over 28 years. MDI companies deliver security technology products, services and training for government, homeland security, commercial and educational markets as well as comprehensive construction solutions for a variety of clients on an international scale. MDI companies include:
MDI Security Systems(TM) - www.mdisecure.com
MDI Professional Services Group -
http://www.mdiincorporated.com/MDI_PSG.pdf
The LearnSafe Initiative(TM) - www.learnsafe.org
FAS Construction Management - www.fascompanies.com
FAS Construction, LLC
Forward-Looking and Cautionary Statements
Except for historical information and discussions contained herein, certain statements included in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements included in this document, other than statements of historical fact, that address activities, events or developments that management expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements represent our reasonable judgment on the future based on various factors and using numerous assumptions and are subject to known and unknown risks, uncertainties and other factors that could cause our actual results and financial position to differ materially from those contemplated by the statements. You can identify these statements by the fact that they do not relate strictly to historical or current facts. They use words such as "anticipate," "estimate," "project," "forecast," "plan," "may," "will," "should," "expect" and other words of similar meaning. Investors should not rely on forward looking statements because they are subject to a variety of risks and uncertainties and other factors that could cause actual results to differ materially from the Company's expectation. Additional information concerning risk factors is contained from time to time in the Company's SEC filings. The Company expressly disclaims any obligation to update the information contained in this release.
All product and company names mentioned herein may be the trademarks of their respective owners.
Source: MDI, Incorporated
Was asked for this on the Coolsters board
MDII
channel play
Its been many months since I posted here. I am now taking notice of a very undervalued situation. Went over the filings and reports and everything points towards a unique revenue and earnings growing Company. Am just starting to accumulate here.
Good to see some life injected into this board.
Any guesstimates as to the potential added value to PPS over the next 6-12 months?
Thanks - keep the posts coming - Jim
SAN ANTONIO--(BUSINESS WIRE)--MDI, Inc. (NASDAQ: MDII), today announced that their FAS Construction Management, Inc. (FAS) subsidiary has been awarded a number of key first quarter Construction Management projects totaling over $141M. These projects include several significant developments in Mexico and the United States. The principal investors, which have chosen FAS to manage these projects based on their experience and capabilities include:
http://stockcharts.com/c-sc/sc?s=MDII&p=D&b=5&g=0&i=t78650465063&r=105
SAN ANTONIO--(BUSINESS WIRE)--MDI, Inc. (NASDAQ: MDII), today announced that their FAS Construction Management, Inc. (FAS) subsidiary has been awarded a number of key first quarter Construction Management projects totaling over $141M. These projects include several significant developments in Mexico and the United States. The principal investors, which have chosen FAS to manage these projects based on their experience and capabilities include:
Recent Stories
20080312 - 15:15 Close Window
MDI Inc. Subsidiary FAS Construction Management Selected for Major Retail and Condominium Developments
SAN ANTONIO--(BUSINESS WIRE)--
MDI, Inc. (NASDAQ: MDII), announced today that FAS Construction Management, Inc. (FAS), a subsidiary of MDI, has been chosen by three global investment and financial lending organizations to provide construction risk management services on several sizeable construction projects in the United States and Mexico. The owners, developers and financial institutions that invest in these types of large-scale international projects rely on the proven construction management expertise of FAS to mitigate risk throughout the project lifecycle.
Totaling in excess of $100 million, these projects will include management services for the construction of retail, entertainment, civil infrastructure, utilities and residential buildings.
FAS was selected by a large global finance company to perform construction risk management services for the Las Casitas Altas development, located in Cabo San Lucas, Mexico. FAS professionals from the Cabo San Lucas and Monterrey, Mexico offices, in conjunction with project managers from the San Antonio, TX headquarters will manage the construction of infrastructure, roads, utilities, and ten residential developments. The completion of Las Casitas Altas is expected to take two years with an estimated final cost of $25 million.
Additionally, FAS was selected by a major US developer to perform construction management services for a 426,944 sq. ft. retail development in Ciudad del Carmen, Mexico. The development is designed to accommodate a large global chain department store and a 14-screen cinepolis, anchored by an 81,000 sq. ft. National Grocery Store. The project is valued at $24 million and has an expected completion date of April 2009.
FAS professionals have also started comprehensive services on a $57 million new construction project for a residential building in Las Vegas, Nevada. FAS was chosen to manage the construction risk for this project by one of the largest commercial construction lending institutions in the country. The 20-story condominium tower complex will have approximately 411,000 sq. ft. of luxury residential space and is expected to take 18 months to complete.
FAS Construction Management has proven to be the de-facto standard for US-based organizations and REITS seeking to secure their investments in the development of new construction projects throughout Mexico and South America. FAS is the leading authority on assisting International Investors in taking large commercial construction projects from concept to completion in the United States. For more information on how FAS Construction Management can assist you on your next construction project, please visit www.fascompanies.com or call 210-477-7900.
About MDI, Inc. (NASDAQ: MDII)
MDI, Inc., companies deliver security technology products, services and training for high-security government, commercial and educational markets as well as comprehensive construction management solutions on an international scale. MDI companies include:
-- MDI Security Systems(TM) -- FAS Construction Management(TM) -- MDI Professional Services Group(TM) (PSG) and -- The LearnSafe Initiative(TM)
For more information on MDI or its diversified line of products and professional services, please visit www.mdisecure.com.
Forward-Looking and Cautionary Statements
Except for historical information and discussions contained herein, certain statements included in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include a number of risks, uncertainties and other factors that could cause actual results to differ materially, as discussed in the Company's filings with the Securities and Exchange Commission.
Source: MDI, Incorporated
Press Release
http://biz.yahoo.com/bw/071129/20071129005991.html?.v=1
Financials out:
http://finance.yahoo.com/q/is?s=mdii
Thanks for the post..........
What symbol?
Got a URL ?
They are already listed on the Nasdaq Capital Market.
Well, someone thought it was worth a few shares.
It sold above its average daily volume as well.
The projection for 08' was pretty bold, don't you think?
However, if they hit their target for 08' and get listed on Nasdaq in the next 180 days, then this could really help the price per share.
Over $50M for Q4 looks good. Do you think most of it will be from FAS? This should put MDI solidly in the black.
Press Release Source: MDI, Inc.
MDI, Inc., CEO and President J. Collier Sparks Releases State of the Company Address
Tuesday November 13, 8:00 am ET
Highlights Include Purchase of FAS Construction, Central Station Monitoring, the MDI Building, New Government Sales Momentum and Revenue Projections in Excess of $50M for Q4 2007
SAN ANTONIO--(BUSINESS WIRE)--J. Collier Sparks, CEO and President of MDI, Inc., (NASDAQ:MDII - News) today released a state of the company address to all MDI Shareholders and Stakeholders. The address reads as follows:
ADVERTISEMENT
Let me begin by stating that I am very bullish on the future of MDI. It is my opinion that the company has never been in a better position to execute. For the past four months, we have been structuring the company and its sales initiatives in preparation for what we feel will be a very successful 2008. Unlike past years, which were driven by change, reorganization, rebuilding and reengineering, this year, we have positioned the company to a point where every department is now able to focus on successfully generating revenue. By making the decision earlier this year to diversify our corporate infrastructure, we have been able to generate strong revenue results and build our corporate assets in a very short period of time.
As a result of this diversification, MDI’s 2007 Fourth Quarter revenue number is expected to exceed $50 million, which is nearly double the 2007 revenue projection figure announced in a release during March of this year. At a minimum, we expect to deliver similar revenue volume for each quarter throughout 2008.
We have been working very hard this year to make our corporate diversification plan a reality. With the purchase of FAS Construction and the new MDI building, we feel that success is now achievable. As a holding company, MDI’s focus on diversifying its business units, with the ability to link them back together based on individual deal structure is truly exciting. In the past, as a pure play security company, MDI was unable to reach out and map the course of the deal. Now, as a unified group of companies focused on end-to-end solutions in diversified but complimentary markets, we can begin work on building strong revenue numbers and future shareholder value in markets that compliment our capabilities such as:
Information Technology
Wireless Security and Convergence
New Building Construction Management
Contracting
Building Renovation
Real Estate Investment
Design and Construction of “Secure Buildings”
Comprehensive Security Consulting
Professional and Field Engineering Services
It is our plan to continue to acquire complimentary business offerings throughout next year. We will utilize our company’s stock wisely and invest it as currency in strategic transactions to build shareholder value for the long term. As we continue forward, I feel that we have the right people, operational processes and technology in place to make a positive difference. In my previous letter to shareholders dated July 24, 2007, I addressed seven matters that I felt would be of interest to our shareholders. Today, I feel that it is appropriate to provide an update on those matters and introduce several new topics for discussion.
1. FAS Construction Management, Inc. – As we announced on October 22, 2007, we purchased FAS Construction Management, Inc. in exchange for 5,000,000 shares of MDI, Inc. Allow me to tell you what a triumph this deal was for MDI. Besides diversifying its holdings and increasing the scalability of its service capability, based on the application of revenue recognition guidance in EITF 99-19, the company will now add in excess of $50 million to its revenue in the fourth quarter 2007. Based on current assumptions, we expect that revenue in each quarter of 2008 will be of the same magnitude, or greater, than for Q4 2007.
FAS brings a predictable base of revenue from which we believe there are many opportunities for growth. Historically, the primary focus of FAS has been to provide construction risk management services on behalf of lending institutions. Under the continued management of Bill Wurzbach, President of FAS, I believe our business in the construction market can be diversified and increased. We intend to pursue a dedicated sales focus towards this growth during 2008.
The acquisition of FAS has allowed MDI to diversify its revenue sources and provides synergistic corporate opportunities at the same time. We expect to bring new construction projects into FAS, which will include assignments as general contractor and construction management at risk. FAS involvement enhances the breadth of services provided through LearnSafe to school district clients. The FAS Construction team will continue supporting LearnSafe™ by spearheading school district risk audit and site assessment teams. FAS will also continue providing comprehensive program management services to MDI as it moves forward, focusing on the concept and creation of LearnSafe Certified™ Safe and Secure School Buildings™ in the future.
To take full advantage of this new diversification and to allow senior management to focus on the continued growth of MDI, we are organizing the company into four operational business units which include MDI Security Systems, FAS Construction, LearnSafe and the Professional Services Group (PSG). MDI, Inc. is the holding company and will provide shared support services to the underlying business units. I will continue to lead the executive team as President and CEO. Mike Sweet, COO, CFO, and Senior Vice President will continue to provide operational guidance for all divisions as well as financial oversight for the company. Richard Larsen, General Counsel, Secretary and Senior Vice President will continue in that role as Chief Legal Officer with MDI, Inc. Michael Garcia, Senior Vice President of Sales and Marketing, will provide leadership for those two critical functions to all four corporate divisions and maintain interim responsibility for the LearnSafe™ division.
Tim Rohrbach, CTO, CIO and Vice President, will continue to manage technology, product engineering and infrastructure for all divisions but will now assume overall P&L responsibility for the MDI Security Systems business. Fred Konnerth, Vice President of Operations, will have P&L responsibility for the Professional Services Group. Bill Wurzbach, President of FAS Construction Management, will continue to manage the construction division.
2. The LearnSafe Initiative™ - As stated before, the LearnSafe Initiative is now one of four distinct lines of business at MDI, Inc., joining MDI Security Systems business, FAS Construction and our Professional Services Group as a unique member of the MDI family.
Our market focus for LearnSafe over the last three months has been set on gaining acceptance at the highest levels with State and Regional education decision makers, while continuing to promote the Initiative at the district level. As opposed to past approaches, our sales efforts are now extremely targeted, customized and controlled. As a result of this, our program’s sales cycle has been extended by several months. However, with this new focus, we expect to gain considerably more market share across a shorter period of time in aggregate.
Our new strategy has led to a tremendous increase in sole sourced proposals to large school districts and state funded educational security initiatives. I am extremely happy to report that the LearnSafe proposal pipeline for multi-year program engagements currently stands at well over $1 billion dollars and we are working diligently in a team environment to close this business. As you can see, our goals for the program are lofty but the possible rewards in 2008 may become tremendous. Our ultimate goal is to build the LearnSafe Initiative into the de-facto standard for comprehensive school safety and security programs in the United States.
As we move forward, we will continue to enhance our business relationship with The Cooperative Purchasing Network (TCPN) (www.tcpn.org), the major Regional Education Service Centers in Texas and forward-thinking educational support organizations such as the Mexican American School Board Association, which, I am happy to report, has just endorsed the LearnSafe Initiative as its preferred school safety and security solution. This is a huge milestone for LearnSafe and we will release more specific details on this partnership next week.
We are continuing to promote the value of LearnSafe to administrator-level school district decision makers at every turn. We have just returned from presenting at two very successful TCPN Regional Superintendent Leadership conferences in Orlando, FL and Central Texas. The LearnSafe and TCPN partnership, designed to provide affordable risk audits to Texas school district to assist them in complying with State Senate Bill 11 is progressing very well. We currently have numerous schools in process and will continue to try and bring those schools into the LearnSafe program.
This week, the LearnSafe Team is sponsoring the Texas School Administrators Safety Conference, which is organized by the Texas School Safety Center. Texas Attorney General Greg Abbott will be the guest speaker with several hundred school security administrators in attendance. As mentioned last month, LearnSafe founded the first ever Texas Safe Schools Week, in coordination with National Safe Schools Week, which is held every year from October 21 – 27. Texas Governor Rick Perry has officially proclaimed this date as Texas Safe Schools Week and you can rest assured that LearnSafe will be working with multiple organizations next year to promote its statewide charter.
To conclude this section, I would like to note that next month, LearnSafe will be the sole sponsor at a special superintendent’s conference in Austin. Held by the Texas Association of School Boards (TASB), this first ever conference will unite superintendents from the fifty largest school districts in the state to discuss security issues facing their schools. LearnSafe (Nortel, ASSA ABLOY, SBS Group, MDI) will be the only “vendor” in attendance.
3. Stratis Authority Issues – I will combine several of the matters that were discussed in my address last July here. Let me start by stating that to our knowledge there are no issues open between MDI and Stratis. The LearnSafe Initiative, post Stratis, immediately established relationships with a strong group of advisors in educational financing, political consulting and student safety such as: (i) Dr. Adam L. Saenz, Ph.D., the managing partner of The SBS Group; (ii) Hollis Rutledge, Jr., managing partner of Hollis Rutledge and Associates, Inc.; (iii) Delta Consultants International and (iv) Alfonso Herrera, an authority on gang violence and behavior modification and CEO of Herrera and Associates. The result of these relationships was that LearnSafe no longer had the need for the continuous services of the former Board of Advisors or for the services of Jim Vandevere or Kellie Tomeo, who both left the company in October.
4. MDI Building Ownership - As announced on October 8, 2007, for 3.3 million shares of the company, MDI purchased all of the shares of STC Holdings, Inc. from Ridgemont Investment Group, LLC. These 3.3 million shares are part of the 5.3 million shares that Stratis Authority agreed to purchase from the company last January, but were unable to. The only asset of STC is the property at 10226 San Pedro Avenue in San Antonio where MDI has its corporate offices. MDI currently occupies approximately 16,000 square feet of completely remodeled space in the main building facing San Pedro Avenue.
We plan to remodel the remaining 16,000 square feet in that building to house our new central station monitoring business in 2008. This new managed security services offering will begin as a component of the LearnSafe Initiative. Our goal is to manage all video surveillance and alarm monitoring for our school district clients. Although this is a new venture, it is not a new capability. Some of you may remember that MDI originally stood for Monitor Dynamics, Inc. and that our SAFEnet® centralized command and control software is UL Certified as a central station solution. LearnSafe has provided us with a market opportunity to establish our own capability in the same fashion as we have successfully provided it for enterprise organizations across the world for so many years.
FAS currently occupies the entire 18,000 square feet in an adjoining plantation style building located next to MDI Security Systems and will continue to do so. The purchase of the STC shares required that we assume the obligations under a $5.5 million note, the proceeds of which were originally used to purchase the property and to make improvements to the buildings. The note is non-recourse to MDI or to STC, being secured only by the property.
We are also considering making additional investments in land and real estate for MDI, Inc. in the future.
5. Federal Government Business – Under the new leadership of Tim Rohrbach, and in preparation for a new year in 2008, we will be investing a considerable amount of time in our nation’s capital selling federal government projects for the installation and maintenance of our security systems. As previously announced, we have added former Homeland Security Official Justin Oberman to the MDI sales management team to lead the charge. Justin, a former Assistant Director of the Transportation Security Administration, is an expert in identity and credentialing for Government. He will be working with MDI to develop new business within the D.C. Beltway, primarily focused on HSPD-12 and FIPS 201 integration initiatives.
We are also happy to announce that we have inked a deal with a premier contract government sales force in the D.C. area to develop business for our products within the Federal Civilian Government and Department of Defense. Under Justin’s oversight, and taking advantage of his contacts at the highest levels of U.S. Government security, we have now launched a multi-tiered professional sales, marketing and sales support force currently closing hundreds of millions of dollars in Government business for clients each year. This organization brings to MDI:
An established network of IT and Security decision makers in the Government market
Years of trust as technical solution providers for these Government decision makers
A seasoned proposal and sales process management team
A seasoned telemarketing and Internet marketing team
New sales offices for MDI business, centrally located in Tyson’s Corner, VA
Dedicated conference and product demo staging areas, enabling us to develop significant new business in the Federal Sector
New relationships with best-in-class IT, Information Security, IP Video Surveillance and Physical Security companies that can pull MDI solutions into existing omnibus contracts
New relationships with large Government contractors, designed to win significant multi-year deals based on MDI’s past performance in high-security classified environments
To enhance and add value to our new Government sales initiatives, we will be using a number of our existing D.C. area customers as real-time live demo sights for prospective clients who are new to MDI. We will also be announcing partnerships with some of the most well known companies in the Security and IT industry soon to combine forces in selling targeted deals with unified physical security and HSPD-12 components to Federal Government Agencies.
Besides new Government initiatives, Justin will bridge his team with the high margin MDI legacy system upgrade business. By teaming with long-time MDI sales executive Jim St. Pierre, Justin will have a direct line to all MDI Government business development initiatives.
To conclude this section, I would like to mention that we will utilize well known political fundraiser, political consultant and lobbyist Hollis Rutledge, of Hollis Rutledge and Associates, Inc. to assist us in our task of winning back the Washington, D.C. Beltway. As former Director of the Government Services Administration (GSA) and numerous other Presidential appointments over the past 20 years, Mr. Rutledge and his organization’s network will soon prove to be a valuable asset to MDI and its partners.
6. Nasdaq Bid Price Deficiency Letter – The company received a letter on November 7, 2007 from The Nasdaq Stock Market stating that the Company is not in compliance with the minimum $1.00 per share requirement for continued inclusion under Marketplace Rule 4310(c)(4).
The Company will be provided 180 calendar days, or until May 5, 2008, to regain compliance.
If, at anytime before May 5, 2008, the bid price of the Company’s common stock closes at $1.00 per share or more for a minimum of 10 consecutive business days, the Nasdaq will provide written notification that to the company that it has achieved compliance with the Rule. If the company is not in compliance with the Rule by May 5, 2008, the Nasdaq will determine if the company is in compliance with the Nasdaq Capital Market initial listing requirements. If it is, Nasdaq will notify the company that it has been granted an additional 180 calendar day compliance period. The company is currently in compliance with all Nasdaq listing requirements, except for the minimum bid price requirement.
7. Third Quarter Financial Results – Financial results for the third quarter ended September 30, 2007, are as follows (Please note – FAS Construction Management is not included in these results):
Although total revenue for the third quarter of 2007 was basically flat at $1.843 million compared to $1.933 million for the third quarter of 2006, the cost management measures which we implemented earlier this year continued to position us for attainment of our profitability goals in the near future. Expressed in dollars, gross profit increased $81 thousand during the third quarter 2007 compared to the third quarter 2006, taking gross profit margins from 52 percent to 59 percent. Selling, general and administrative expenses decreased by $118 thousand in the third quarter of 2007 compared to the third quarter of 2006, reflecting our efforts to reduce costs. In the third quarter 2007, net loss decreased $791 thousand to $946 thousand compared to a loss of $1.737 million for the third quarter 2006. Cash and cash equivalents at September 30, 2007 totaled $1.969 million compared to $2.850 million at the end of the second quarter 2007.
8. Future Cost Savings – During October 2007, the company decided to terminate several non-revenue producing positions within the company. These positions were not located at its corporate headquarters. The reductions are expected to yield approximately $1 million in direct savings on an annualized basis.
In closing, I would like to stress that as a company, we remain driven to produce revenue channels that we can build on for the future. We plan to achieve this by growing revenue at FAS Construction while continuing to develop our targeted high margin sales initiatives within LearnSafe, the Federal Government and upgrades to our current legacy customer base. I hope you all can see why I am bullish on MDI. I am more certain now than ever before that 2008 will be the most successful revenue year in the history of the company. Thank you once again for your continued support.
Sincerely,
J. Collier Sparks
CEO & President
MDI, Inc.
About MDI, Inc.
For more information on MDI or its diversified line of products and professional services, please visit www.mdisecure.com.
Forward-Looking and Cautionary Statements
Except for the historical information and discussions contained herein, certain statements included in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, as discussed in the company’s filings with the Securities and Exchange Commission.
Contact:
Investor Relations Contact:
MDI, Inc.
Richard A. Larsen, Esq., 210-582-2664
Richard.Larsen@mdisecure.com
or
Media Contact:
MDI, Inc.
Michael M. Garcia, 210-477-5400
Mike.Garcia@mdisecure.com
--------------------------------------------------------------------------------
Source: MDI, Inc
If anyone is wondering if this building actually exists, I drove past it yesterday. Not a very big building but did have MDI sign out front.
MDII [.79 ]MDI, Inc. to Acquire Building in San Antonio, Texas and Receive $2.6 Million Business Wire "US Press Releases "
SAN ANTONIO --(BUSINESS WIRE)--
MDI, Inc. (Nasdaq:MDII) today announced that it has entered into an agreement with Ridgemont Investment Group, LLC ("Ridgemont") dated August 7, 2007 for the acquisition by Ridgemont of 5,306,122 MDI common shares which were previously to have been purchased by Stratis Authority, Inc.
The terms of the agreement between MDI and Ridgemont provide that at a closing, to take place by October 15, 2007 , Ridgemont and MDI will exchange the following consideration:
1. Ridgemont will pay to MDI $2,600,000 in cash and MDI will deliver to Ridgemont 2,000,000 of the 5,306,122 registered shares; and
2. Ridgemont will deliver to MDI ownership of the property located at 10226 San Pedro, San Antonio, Texas and MDI in return will deliver 3,306,122 registered shares.
The shares have been registered with the SEC on Form S-3 which was declared effective on August 6, 2007 .
J. Collier Sparks, CEO and President of MDI, stated, "We have been working with Stratis and Ridgemont on reaching an agreement on the receipt by MDI of the $2.6 million purchase price for the 5.3 million shares originally sold to Stratis. Simultaneously, we have been working with Ridgemont and its principals on acquiring permanent office space in San Antonio to accommodate our expected growth requirements. The agreement we have put in place with Ridgemont accomplishes both of these objectives."
"The original arrangement with Stratis required that it pay MDI $0.49 per share for the 5.3 million shares. Under the current deal with Ridgemont, 2 million shares are priced at $1.30 per share in cash, this is an $0.81 per share increase in price over what the original agreement with Stratis called for.
"In addition, under the new agreement, Ridgemont will sell to MDI 100% of the real property where our corporate offices are currently located. The property being purchased consists of a multi-story, 32,000 square foot building, where MDI currently occupies the top floor consisting of 16,000 feet, as well as two other buildings on the property, bringing the total footage to 50,000. The property is valued at approximately $9.5 million and is subject to a $5.5 million loan secured only by the property, with there being no personal liability to the maker of the note.
"Closing is subject to MDI assuming this loan and the parties concluding other agreements typical of a commercial real estate transaction. The agreement we reached with Ridgemont today replaces the one that we made on June 21 to acquire 50% of Data Rose Limited Partnership , the partnership that owns the offices we formerly occupied at 9725 Datapoint. That agreement has been terminated with no liability to either party."
About MDI, Inc.
MDI (Nasdaq:MDII) manufactures security technology solutions designed to protect people, facilities and assets. These solutions are unified by ONE Technology. ONE Technology unifies security point products, systems and subsystems into a common management platform. Far beyond the Integrated Security Management software promoted by industry competitors, ONE delivers an open architecture environment that adapts each individual application and device into its platform -- promoting global collaboration as ONE system. The MDI product family currently protects over 8 million alarm points across the globe for many of the world's most recognized organizations including Microsoft, MBNA Worldwide, John Deere, Pepsi, FBI, TSA, Fidelity Investments, Bureau of Engraving & Printing , American Express, Department of Defense , IRS, Disney, Smithsonian Institution, San Diego Unified School District and MIT to name a few. The company has received numerous industry awards for their security technology including Frost & Sullivan's Security System Technology Leadership Award and the Security Industry Association's Best Integrated Product Award for 2006. For more information on the company, its LearnSafe(TM) school safety and security initiative or its diversified line of security products and professional services, please visit www.mdisecure.com.
Forward-Looking and Cautionary Statements
Except for historical information and discussions contained herein, certain statements included in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements included in this document, other than statements of historical fact, that address activities, events or developments that management expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements represent our reasonable judgment on the future based on various factors and using numerous assumptions and are subject to known and unknown risks, uncertainties and other factors that could cause our actual results and financial position to differ materially from those contemplated by the statements. You can identify these statements by the fact that they do not relate strictly to historical or current facts. They use words such as "anticipate," "estimate," "project," "forecast," "plan," "may," "will," "should," "expect" and other words of similar meaning. Investors should not rely on forward-looking statements because they are subject to a variety of risks and uncertainties and other factors that could cause actual results to differ materially from the Company's expectation. Additional information concerning risk factors is contained from time to time in the Company's SEC filings. The Company expressly disclaims any obligation to update the information contained in this release.
All product and company names mentioned herein may be the trademarks of their respective owners.
Source: MDI, Inc.
The problem with this stock is that the shorts are all over this one, 2.5M shorts, i'll be glad when the bears go away and let this babe move up already.
You're welcome.
David
thanks a lot
No - Price target has expired
New price target in increments of 0.25 compared to volume and prior resistance would be a safe strategy: next R: 1.25 looks solid.
David
I read it, dalcindo. Thanks for your contribution. You still alright with that price target on your chart?
MDII - Made good in the past
No, Cheeky. Read out loud and clear:
Message In Reply To:
put MDII on your radar...this is low volume support, as of the moment, but worth watching...that is if anyone actually reads this board...lol
JusDePomme - Do u still love the chart @ 1.50, because were down to .95 now.
Press Release Source: MDI, Incorporated
MDI, Inc., State of the Company Address
Tuesday July 24, 1:34 pm ET
J. Collier Sparks - CEO and President Letter to Shareholders
SAN ANTONIO--(BUSINESS WIRE)--MDI, Inc., (NASDAQ:MDII - News): The first half of the year has come to a close and we will soon be filing our 10-QSB, which will give you the results of our second quarter. Those results will not tell you all that we have truly accomplished or where we are headed as a company. The 10-QSB will mainly focus on what our specific financial results were for April, May and June 2007.
ADVERTISEMENT
I would like to take this opportunity to detail to our shareholders some of the initiatives that we have accomplished over the course of the last 6 months and why these actions are critical to our go-forward strategy. I am truly excited about our company's strategic direction and financial future and I look forward to the last half of this year as the most lucrative six months in the company's history. It is my hope that you, our investors, will appreciate how a dedicated group of talented people, a proven security management product and a long list of key government and corporate clients have banded together to re-build a company and position it to succeed at a level far beyond the industry's expectations.
With a growing list of blue-chip business partners, a new small business product soon to hit the market, a strong international presence in a growing overseas market, a new dedicated sales initiative which is designed to drive business in government channels and an amazing opportunity to gain a majority share of the educational safety and security market, it is easy to see why my belief in our company's future is now stronger than ever.
I have detailed some of our key issues, initiatives and accomplishments below. Please take the time to understand how each of these sections come together to fulfill a strategy that we believe will strengthen our corporate direction and position us for future growth. Thank you for believing in MDI.
1. Integration of Learn Safe(TM) and the Safe Programs into MDI - Last week we announced that the "Safe Initiatives", including Learn Safe(TM), Work Safe(TM), Play Safe(TM) and Live Safe(TM), now belong to MDI. Stratis Authority, Inc. was the former owner. Let me concentrate on Learn Safe because it is the initiative where we are dedicating significant resources. Learn Safe is an initiative designed to locate, contract with and provide financing to schools for a broad spectrum of security services and products rolled up into a turn-key program. For those of you who may not know, MDI has sold security systems to public and private schools for over twenty years. We chose to join the Stratis team because our school-based systems, in the form of a complete safety and security program, would be much more appealing to school districts, especially when the program is delivered with multiple financing options. However, during the course of the last six months, it became evident to MDI and Stratis that Learn Safe, in the hands and control of MDI, was a much better decision for the program than if it had remained in the control of Stratis. It was through MDI's efforts in recognizing that a program of this magnitude would need to integrate the right partners to sell and scale nationally.
By focusing on bringing the right global partners into the Learn Safe program, MDI was able to achieve scalability while creating barriers to entry. By successfully partnering with two industry giants, Nortel and ASSA ABLOY, the program immediately achieved technical, installation, product, service and sales penetration goals. These multi-billion dollar organizations each saw the value of the program and the future potential in capturing a large share of the educational security market. Each has dedicated time, staff and corporate resources that we believe will make Learn Safe a success.
By signing the SBS Group, an innovative company of professional school-based psychologists with a "train-the-trainer" behavioral intervention curriculum that adds proactive prevention to a school's safety program, we have a huge competitive advantage that will be difficult for other security partnerships to replicate. In the past few weeks, MDI has added additional opportunities to the Stratis sales pipeline. We are expecting to announce several of these opportunities in the near future as we continue to develop, refine and automate the lead management and sales processes within the program.
2. Stratis Authority Issues - MDI did not buy Stratis Authority, Inc. MDI has no relationship with Stratis Authority, Inc. and, in fact, MDI now owns the name "Stratis", but does not intend to use that name partly due to its limited operating history. Stratis Authority will transfer a large book of targeted business opportunities that exist within the various "Safe" initiatives, a one-of-a-kind school safety and security program designed for educators-by-educators, a world-class board of advisors, a national advertising campaign and numerous other business related items that will drive future value to MDI.
3. Stratis Authority Employees and Board of Advisors - Jim Vandevere, Jack Walser and Kelly Tomeo have agreed to become employees of MDI dedicated to further growth and development of the "Safe" Initiatives. They will assist in closing the opportunities that they have brought to the table within the existing sales pipeline, while growing new opportunities across all initiatives. As part of the MDI business development team, they now have the full set of resources necessary to succeed. We welcome them to MDI and anticipate that they will be instrumental in the development of future business for the company. MDI also will continue the relationships with the Learn Safe Board of Advisors and are hopeful that they will continue to be able to bring their talents, expertise and professional relationships with school decision makers to MDI in development of future Learn Safe opportunities.
4. Jim Vandevere Board Issues - Jim Vandevere came on the Board of MDI after MDI and Stratis agreed to become business partners. Our board had 5 members at the time and Jim made 6. By the Nasdaq Stock Market standards, all companies must have a majority of its board "independent" and Jim qualified at the time as being independent. With the addition of Jim, the Board had 4 independent directors out of 6. A clear majority. We realized, however, that there might come a time when the relationship between MDI and Stratis Authority, or with Jim personally, might cause Jim to lose his independence and, in such events, Jim agreed that he would resign as a member of any committees of the board and from the entire board if that was in the best interest of MDI.
When MDI took over the Learn Safe Initiative, Jim agreed to become an employee of MDI, which resulted in him losing his independence as a board member. So, he resigned in July from the board of MDI. The board now has 5 members, of which a majority is independent. As an employee focused on high-level business development and sales, Jim will have much more impact on the company's bottom line.
5. Building Ownership - MDI announced in June that it had entered into an agreement to purchase a 49.9% interest in its former headquarters at 9725 Datapoint Drive in San Antonio, Texas. Upon further examination of the accounting details of the agreement, we realized that the put option may negatively impact short term net income for MDI. Accordingly, we are reconsidering execution of the Datapoint transaction and we are examining other, more appropriate alternatives that are in line with our growth strategy. For example, MDI and the owners of our existing facility at 10226 San Pedro Avenue have recently been examining the possible purchase by MDI of 100% of our current building complex, which consists of a two-story concrete office building and a separate, but adjacent and connected, two story Georgian brick office building, which is fully leased by a solid tenant. The total facility is in excess of 50,000 square feet. MDI occupies the top floor of one building, which was completely renovated prior to our moving there in January 2007. We believe we will need additional space for growth during the next 6-18 months, so it may make sense to own the entire building rather than leasing space here and owning 1/2 of another building. We will keep you posted as we learn more.
6. 2007 Revenue - This has become a hot topic for the short-term shareholder because on March 1, 2007 we issued a press release announcing our receipt of a multi-million dollar blanket purchase order from Stratis Authority, Inc. We stated at that time that we would begin work immediately to become prepared to fill any and all orders for specific projects that Stratis might place on us. To that end, we proceeded to take appropriate actions, including hiring a number of qualified personnel and partnering with industry leaders as mentioned in section 1 above. As the new owners of the "Safe" Initiatives, and based on the current sales pipeline, we are in the process of forecasting what the potential revenue from the Learn Safe Initiative might be for the remainder of 2007. We are fairly sure that it will be significant, especially when compared to our revenue over each of the last 2 years. Furthermore, under the leadership of Michael M. Garcia, our Senior Vice President of Sales and Marketing, we have made major inroads into selling our products and services to school districts through the Learn Safe Initiative over the last two months. As previously announced, MDI was recently awarded a purchasing contract from a school cooperative purchasing network in Texas that covers multiple states and state government agencies. This was a huge win for us as it allows MDI to market directly to the entire membership of the network, comprised of over one thousand school districts, while bypassing any need for competitive bids. Learn Safe recently sponsored a conference held by the National Association of School Boards and every component of the program was accepted with great success.
Our focus on business in Texas and the South Eastern United States over the last few months has been paying off and we expect to have news of specific awards very soon. We will provide details as soon as we are able.
As you can see, these new opportunities, combined with sales feedback from the existing Learn Safe book of business have allowed us and our program partners to remain optimistic about achieving our goals in the second half of 2007. We believe in the power of the Learn Safe program and are moving forward together. Time to market is critical and we are positioning ourselves to succeed.
MDI's sales plan consists of five different market initiatives. These include:
Learn Safe (and other "Safe" Initiatives) - as explained above
New Federal Government Business
Systems Upgrades for Existing MDI Clients (government & commercial)
Middle East Business Development Opportunities
Up-selling into Existing Nortel Commercial Channels
To launch our new Federal Government business development efforts, we are pleased to announce that we have added former Homeland Security Official Justin Oberman to the MDI team. Justin is former Assistant Director of the Transportation Security Administration. He will advise me and direct all business development activities in the Washington, D.C. beltway area for MDI Security Systems. His experience in developing the Office of Transportation Threat Assessment and Credentialing, where he was responsible for programs to identify terrorists seeking to exploit the transportation system, and his contacts at the highest levels of government security will be key to assisting MDI to develop new business in the Federal Sector.
In addition, we will soon be announcing our association with a successful government sales organization in the D.C. area that will allow us to have a multi-tiered sales force, sales offices and dedicated conference and demo area as part of our launch.
To expedite our sales channels in the Middle East and within the Nortel organization, MDI has contracted the services of John Linton, former CEO and COO of SecureInfo Corporation and principal partner in Clearview Partners, LLC, a consulting and investment firm. Linton has extensive knowledge of Nortel's business model and existing sales channels and will spearhead all business initiatives within the partnership. These initiatives include bundling MDI's new small business access control product, PointGuard Xtreme, with current Nortel small business IT offerings and sold through both IT and physical security distribution channels. PointGuard Xtreme will be formally launched by MDI next month.
John will also manage the relationship between MDI and Almana Networks in the Middle East, which is already projected to bring in over 1 million dollars this year.
7. Sale of 5.3 Million Shares - On January 31, 2007, we entered into a purchase agreement with Stratis Authority, Inc. to sell approximately 5.3 million of our shares for $2.6 million. The shares were priced at a premium to market and thus we agreed to let them be paid for over 6 months starting in March 2007. It developed that the financial backing for Stratis Authority, Inc. deteriorated to the point that it could not pay for the shares without jeopardizing its financial stability. Accordingly, MDI and Stratis began discussions about finding alternative sources to finance the purchase of the shares. Ridgemont Investment Group LLC has agreed to purchase the 5.3 million shares for $2.6 million. Ridgemont will, in turn, have control over the ownership of the 5.3 million shares once MDI receives payment for them. At the same time, it was agreed that the Safe Initiatives should be delivered to and operated by MDI.
In closing, while all shareholders may not agree with some of the decisions made by the company, it is the goal of each and every employee at MDI to provide the greatest possible return to our shareholders. Thank you once again for your continued support.
Sincerely,
J. Collier Sparks
CEO & President
MDI, Inc.
About MDI, Inc.
MDI (NASDAQ:MDII - News) manufactures security technology solutions designed to protect people, facilities and assets. These solutions are unified by ONE Technology. ONE Technology unifies security point products, systems and subsystems into a common management platform. Far beyond the Integrated Security Management software promoted by industry competitors, ONE delivers an open architecture environment that adapts each individual application and device into its platform -- promoting global collaboration as ONE system. The MDI product family currently protects over 8 million alarm points across the globe for many of the world's most recognized organizations including Microsoft, MBNA Worldwide, John Deere, Pepsi, FBI, TSA, Fidelity Investments, Bureau of Engraving & Printing, American Express, Department of Defense, IRS, Disney, Smithsonian Institution and MIT to name a few. The company has received numerous industry awards for their security technology including Frost & Sullivan's Security System Technology Leadership Award and the Security Industry Association's Best Integrated Product Award for 2006. For more information on MDI or its diversified line of products and professional services, please visit www.mdisecure.com.
Forward-Looking and Cautionary Statements
Except for historical information and discussions contained herein, certain statements included in this document may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements included in this document, other than statements of historical fact, that address activities, events or developments that management expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements represent our reasonable judgment on the future based on various factors and using numerous assumptions and are subject to known and unknown risks, uncertainties and other factors that could cause our actual results and financial position to differ materially from those contemplated by the statements. You can identify these statements by the fact that they do not relate strictly to historical or current facts. They use words such as "anticipate," "estimate," "project," "forecast," "plan," "may," "will," "should," "expect" and other words of similar meaning. Investors should not rely on forward-looking statements because they are subject to a variety of risks and uncertainties and other factors that could cause actual results to differ materially from the Company's expectation. Additional information concerning risk factors is contained from time to time in the Company's SEC filings. The Company expressly disclaims any obligation to update the information contained in this release.
Contact:
MDI, Incorporated, San Antonio
Investor Relations Contact:
Richard A. Larsen, 210-582-2664
Richard.Larsen@mdisecure.com
or
Media Contact:
Michael M. Garcia, 210-477-5400
Mike.Garcia@mdisecure.com
--------------------------------------------------------------------------------
Source: MDI, Incorporated
Beautiful news! Lots of Government confidents in this.
Very nice news here
MDI Awarded $600,000 Security Project from Large Government Contractor to Provide Products and Services to Major Departmental Agency
Monday July 23, 11:28 am ET
MDI's Unified Technology to Modernize Security Information Systems for HSPD-12 Compliance at Key Operating Facilities Across the Enterprise
SAN ANTONIO--(BUSINESS WIRE)--MDI, Inc. (NASDAQ:MDII - News), the leading provider of Unified Technology(TM) solutions for the security industry today announced that they have partnered with a leading Government Contractor, specializing in building automation solutions, to provide enterprise-wide security management solutions to a major Executive Departmental Agency to the Government of the United States. Under the Contractor's agency blanket purchase agreement, MDI will provide industry-leading technology products and professional services for this high-security government engagement. Overall value to the company is expected to exceed $600,000. The project is expected to yield additional revenue from supplementary orders and sub-projects in the future from agencies within the department.
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With over 62 separate agencies operating within the bounds of its departmental infrastructure, this MDI client is recognized as the largest organization of its kind in the world. The Department's primary charter is to defend the laws of the United States and ensure public safety against all foreign and domestic threats. The Department's agencies are also part of the Department of Homeland Security and assist in combating terrorism, investigating federal crimes, prosecuting online misconduct, corporate fraud and corruption.
After considering all market solutions, the Department selected the MDI system to upgrade its current security posture to a more robust and scalable enterprise solution than they are currently using, while complying with security requirements mandated under HSPD-12 and FIPS 201. The unique customization features of MDI's award-winning open architecture platform will empower department security professionals to manage by exception across multiple layers of protection. As a security event occurs, the automated system gives security managers complete situational awareness capabilities while allowing them to command and control the situation as needed, across multiple remote locations, based on levels of threat to people, facilities and assets.
"We are very proud to have been chosen as part of this key national security project by both the Contractor and the Client," stated J. Collier Sparks, President and CEO of MDI, Inc. "This award is a major success for MDI and serves as validation that we are once again setting the standard in unified access control, video surveillance and alarm management for the high-security government and defense marketplace. We will continue to explore additional partnerships and opportunities in the government market and in concurrence with our Learn Safe(TM) school safety and security initiative, we will be placing more emphasis on winning large government contracts in the future," he concluded.
Huge news today--multi state contract!
Thats because "BIG NEWS" came out at 11:34
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