CASH COW Boyz look at LSKA and see whats happening
iska Biometry Issues Year-End 2006 Guidance
DOVER, NH -- (MARKET WIRE) -- January 24, 2007 -- Liska Biometry (OTCBB: LSKA)
-- Expects Revenues of Approximately $7 Million vs. None in Previous Year
-- 90% of 2006 Revenue Is Recurring
-- Break-Even Anticipated in Second Quarter
Liska Biometry (OTCBB: LSKA) a leading provider of biometric identification solutions, today announced guidance for year-end. The Company expects to report approximately $7 million in revenue for 2006 compared to no revenue in 2005.
The Company supports its belief based on a successful merger with Digital Card Systems, Inc. and the acquisition of Markow Photo Properties, which have brought Liska a number of synergistic effects. Further, the Company has won numerous contracts for passport and ID projects in various European countries, a drivers' licensing contract in the Caribbean and several corporate security ID projects for a wide variety of global corporations.
Christopher J. LeClerc, president of Liska, said, "We are very pleased with the development of our business over the course of 2006. The roughly $7 million we expect to report for revenue for 2006 marks the beginning of Liska as an operating business enterprise as opposed to a development stage company. Moreover, around 90% of that revenue will be recurring, providing a secure base for 2007."
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He added, "We expect our margins to range from 32% to 38% for 2006, and because of increasing sales of our technology, these could rise in the coming quarters. I would add that our sales pipeline is full and healthy, and that based on all of these factors, I expect Liska to reach break even at some point in the second quarter and to move into profitability before 2007 ends."
About Liska Biometry
Liska Biometry develops revolutionary fingerprint biometric solutions enabling fast individual authentication, precise identification searches, as well as cross-platform data interoperability. Our innovative, scalable technology generates a unique, short, repeatable numerical identifier from one's fingerprint.
This short number becomes a precise and universal biometric identifier easily embedded in travel documents, such as visas and passports, credit cards, driver's licenses and a host of other personal credentials.
Liska's product offerings address national security concerns regarding privacy and data integrity. From consular services to terrorist watch lists, our innovative technology allows for seamless, integrated identification searches across disparate databases at all levels of government and law enforcement.
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