Anyone heard what day the 10-Q is coming out this month. Revenues should be huge and this bird will really fly.
Press Release Source: Nighthawk Systems, Inc.
Nighthawk Systems Provides Guidance on Third Quarter 2007 Results
Wednesday October 24, 7:00 am ET
-- Record Revenues from Electric Utility Product Sales --
SAN ANTONIO--(BUSINESS WIRE)--Nighthawk Systems, Inc. (OTCBB: NIHK), a leading provider of intelligent wireless power management and emergency notification solutions, today discussed financial results expected to be included in the filing next month of its Form 10-QSB for the quarter ended September 30, 2007. Boosted by record sales of its CEO700 remote disconnect units to electric utilities, revenues for the quarter were more than 55% higher than in the same period in 2006. Total revenues for the quarter represented the highest total from the previous four years, surpassing the previous high from the immediately preceding second quarter.
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H. Douglas Saathoff, Nighthawk’s CEO commented, “I’m very pleased with the revenue results from both the second and third quarters of this year, and particularly pleased with the progress we’ve made in bringing on new, larger orders from new utility customers. Even before the recently announced acquisition of the IPTV set-top box business, we were on pace this year to far exceed any historical annual revenue figures. Revenues through the first three quarters of 2007 already exceed revenues for all of 2006. The addition of the IPTV set-top box business in the fourth quarter of 2007 accelerates our growth rate even further, perhaps doubling our recent record revenue results in the near term. We’ve got great momentum right now that I believe will carry well into next year.”
About Nighthawk Systems, Inc.
Nighthawk is a leading provider of intelligent wireless power control products that enable simultaneous activation or de-activation of multiple assets or systems on demand. Nighthawk's installed customer base includes major electric utilities, internet service providers and fire departments in over 40 states. Nighthawk's products also enable custom message display, making them ideal for use in traffic control and emergency notification situations.
Nighthawk recently announced that on October 11, 2007, it had purchased the IPTV set-top box business of Eagle Broadband. Nighthawk now produces and sells the MediaPro IP3000HD, a high-definition set-top box with a compact footprint and quiet, fan-less design that delivers exceptional streaming video quality for both NTSC and PAL broadcast standards. Capable of supporting a variety of leading middleware and video-on-demand systems, including Java Script capabilities, the MediaPro IP3000HD platform delivers the advanced content system security and digital rights management (DRM) needed by various industries and markets, most notably the hospitality industry.
Individuals interested in Nighthawk Systems can sign up to receive email alerts by visiting the Company's website at www.nighthawksystems.com.
Forward-looking statements
Statements contained in this release, which are not historical facts, including statements about plans and expectations regarding business areas and opportunities, acceptance of new or existing businesses, capital resources and future business or financial results are "forward-looking" statements. You should not place undue reliance on these forward-looking statements. Such forward-looking statements are subject to risks and uncertainties, including, but not limited to, customer acceptance of our products, our ability to raise capital to fund our operations, our ability to develop and protect proprietary technology, government regulation, competition in our industry, general economic conditions and other risk factors which could cause actual results to differ materially from those projected or implied in the forward-looking statements. Although we believe the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made, and our future results, levels of activity, performance or achievements may not meet these expectations. We do not intend to update any of the forward-looking statements after the date of this press release to conform these statements to actual results or to changes in our expectations, except as required by law.
Contact:
Nighthawk Systems, Inc.
Doug Saathoff, 877-7-NIGHTHAWK, ext. 701
dsaathoff@nighthawksystems.com
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Source: Nighthawk Systems, Inc.
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