WidePoint Inc fka WDPT

[big_money_insiders]

Another quiet board. Added shares yesterday.

Below is a copied post from EliteG.

WDPT.ob - WidePoint Corporation

Sector: Services
Industry: Technical Services

Profile: WidePoint Corporation, through its subsidiaries, provides information technology consulting services primarily to the federal government and commercial sector in the United States. It offers iDentity Management and eAuthentication Services that supports business-to-government, government-to-government, and citizen-to-government secure digital transaction requirements. http://finance.yahoo.com/q/pr?s=WDPT.OB

website: http://www.widepoint.com/

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Fundamentals and News

An excellent earnings report was issued on Monday!

Quote
WidePoint Year-End Revenue up 139% to $13.2M; Company Cites Significant Balance Sheet Improvements, Files for Amex Listing
Monday April 3, 9:40 am ET
Conference Call Scheduled for April 4
http://biz.yahoo.com/iw/060403/0120939.html

Strong growth, Great Balance Sheet and files for AMEX listing! The Conference Call on April 4th was very bullish and now the stock is having a great reaction to it.

Michael listened in to the conferece call.. these are some of his notes about the company:

---------------Michael's Notes-------------------------------
-According to the conference call they expect to announce new distribution alliances in the coming weeks and months
-stellar growth
-struggling to meet existing demand from government agencies(lots of opportunity)
-7 job openings on their website!(growing companies must hire)
-growth is also fuelled by the increased ID theft!

**All DOD ressources and information will be protected with ORC PKI
and all contractors and suppliers will have to acquire the PKI

ORC’s (100% owned subsidiary of WDPT) identity Management and eAuthentication Services have received three major U.S. government certifications. ORC remains the exclusive holder of one such qualification and has near-exclusive status in the others giving the company a substantial competitive advantage when bidding for governmental orders.

ORC was recently awarded a blanket purchase agreement (BPA) from the General Services Administration with a ceiling of $100 million. Under the BPA, ORC may provide digital certificates, credentialing services and managed PKI services to federal agencies, state and local governments, educational institutions, commercial businesses and the general public.

The company’s customers includes U.S. federal government agencies such as the Department of Defense, the Department of Homeland Security, the U.S. Treasury Department and the Department of Justice as well as major transnational corporations such as Boeing Aerospace, Northrup Grumman and several major pharmaceutical companies.

----------End Of Michaels Notes----------------------

Technicals:

The subject says triangle explosion and we have just that. A symmetrical triangle broken to the upsde with large volume and this great fundamental news! Strong support below from the triangle and moving averages(9,20,50) all bunched togeter.

Short-term:



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Long-term:



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WDPT is growing and is taking the steps to get listed on AMEX. With support in place from heavy volume and mvg averages.. risk seems limited. When a hot earnings report combines with explosive TA we must act.

We will buy WDPT @ market open