TTSR!
Tactical Solution Partners Files Form 10-SB Registration Statement to Become SEC Reporting Company with Immediate Plans to Move to OTCBB
Friday July 6, 4:01 pm ET
Company Reports 89% Annual Revenue Growth for Fiscal 2006 Due to Further Market Penetration and Existing Customer Retention
GLEN BURNIE, Md.--(BUSINESS WIRE)--Tactical Solution Partners, Inc. ("Tactical" or the "Company") (Pink Sheets:TTSR - News), a provider of rugged mobile communication equipment and anti-terrorism training and preparedness solutions to the first-responder, military and commercial markets, has filed a registration statement on Form 10-SB with the U.S. Securities and Exchange Commission (SEC) under Section 12(g) of the Securities Exchange Act of 1934. The filing reports that the Company has increased revenues to approximately $17.1 million for the year ended December 31, 2006, an increase of 89% over the approximately $9 million for the comparable period in 2005.
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Once the registration statement is effective, Tactical will file periodic reports with the SEC with all corporate filings available for review both by shareholders and the general public. The Company has made it a corporate priority to apply to the appropriate regulatory agencies to have its common stock quoted on the NASD OTC Bulletin Board to increase shareholder visibility and liquidity.
"We're thrilled to announce that Tactical is now on its way to becoming a fully reporting company," said Richard Sajac, Chief Executive Officer of Tactical Solutions Partners. "We're equally excited about our revenue growth from 2005 to 2006, where we were able to increase revenue by an impressive 89%. While we await the comments from the SEC regarding our registration statement, we intend to begin the application process for quotation of our common stock on the OTC Bulletin Board. We believe these two major events are exemplary of our commitment to build shareholder value."
Tactical intends to continue to grow its revenues through strategic acquisitions, organic growth and by leveraging business relationships with current partners including Panasonic, Northrop Grumman, Verizon Wireless and IBM Global Services. Two distinct divisions presently drive the Company's revenues.
The first, PelicanMobile, develops rugged, integrated, feature-rich, "office-in-the car" mobile communication solutions enabling security personnel and first responders to obtain and exchange information in real-time. Management believes that the vital need for Pelican's products and the revenue potential within this $4.2 billion market (which is projected to grow by 10% annually) is compelling.
Tactical's newest division, Tactical Solution Options (TSO), designs and delivers maritime and riverine security, law enforcement and anti-terrorism training, preparedness solutions and security products. Senior management within the division has more than 100 years of experience in tactical training and maritime operations. The TSO team was responsible for the initial startup and training solutions for the United States Navy's Center for Anti-Terrorism and Navy Security Forces.
Tactical engaged Marcum & Kliegman LLP as the Company's independent certified public accountants to audit the Company's financial statements for the years ended December 31, 2006 and 2005.
About Tactical Solutions Partners, Inc.
Maryland-based Tactical Solution Partners consistently provides the highest quality, cost-effective rugged mobile communication equipment as well as the latest anti-terrorism training and preparedness solutions to a rapidly growing stable of private, commercial and government clients. TTSR intends to continue to grow its revenues through strategic acquisitions, organic growth and by leveraging business relationships with current partners including Panasonic, Northrop Grumman, Verizon Wireless and IBM Global Services.
Two distinct divisions presently drive the company's revenues. The first, PelicanMobile, develops integrated, feature-rich, "office-in-the car" rugged mobile communication solutions enabling security personnel and first responders to obtain and exchange information in real-time. TTSR's newest division, Tactical Solution Options (TSO), designs and delivers maritime and riverine security, law enforcement and anti-terrorism training, preparedness solutions and security products.
Tactical Solution Partners' security products and consulting core competencies within its divisions -- a potent mix of combat tactics, maritime security, biometrics, intelligence gathering and anti-terrorist expertise -- focus on providing custom, detailed threat assessment and risk management services, which will integrate technology-based systems to mitigate virtually any threat to critical infrastructures.
The Company's management believes that the revenue potential of Tactical's business model evidences a compelling investment opportunity with exceptional opportunities for growth in a quickly expanding market for anti-terrorism solutions. The Company is keenly focused on building significant shareholder value as it continues to capitalize from a robust product line and advanced tactical services.
For more information, please visit www.tacticalsolutionpartners.com or http://www.trilogy-capital.com/tcp/tactical.
To read or download Tactical Solutions' Investor Fact Sheet, visit http://www.trilogy-capital.com/tcp/tactical/factsheet.html.
To obtain daily and historical Company stock quote data, and recent Company news releases, visit http://www.trilogy-capital.com/tcp/tactical/quote.html.
Forward Looking Statements
Statements included in this news release that do not relate to present or historical conditions are "forward-looking statements" within the meaning of that term in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements involve risks and uncertainties that could cause results or outcomes to differ materially from those expressed in the forward-looking statements. Forward-looking statements may include, without limitation, statements relating to our plans, strategies, objectives, expectations and intentions and are intended to be made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as "believes," "forecasts," "intends," "possible," "estimates," "anticipates," and "plans" and similar expressions are intended to identify forward-looking statements. Our ability to predict projected results or the effect of events on our operating results is inherently uncertain. Forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those discussed in this document. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by which, such performance or results will be achieved. Forward-looking information is based on information available at the time and/or management's good faith belief with respect to future events, and is subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the statements. Important factors that could cause such differences include, but are not limited to those described from time to time in Tactical Solutions' filings with the Securities and Exchange Commission, including without limitation, Tactical Solutions' Registration Statement filed on Form 10-SB. Tactical Solutions expressly disclaims any obligation to update any forward-looking statements.
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