Secured Digital Applications, Inc. SDGL) today
announced the award of a $6.5 million contract to its wholly owned
subsidiary, Gallant Service Centre (M) Sdn Bhd, to design and install
a security system incorporating the company's Eystar SmartHome System
in multi-unit housing complex in Kuala Lumpur.
The Company said that performance of the contract is to begin
immediately. The project will be undertaken jointly by Gallant and
Innospective Sdn Bhd, a Secured Digital subsidiary that provides
application design services and which completed a product upgrade of
the Eystar SmartHome System in 2005. The project will utilize the
second-generation Eystar units and Innospective will serve as a major
subcontractor on the project.
The contract calls for the installation of the security system in
41 detached and semi-detached homes and 450 condominium units, the
company reported. The contract is scheduled to be completed in
December 2006.
"Our success in securing this significant new contract
demonstrates the importance of the successful integration of our
subsidiaries," said Patrick Lim, Chairman and Chief Executive Office
of Secured Digital. "Our ability to cross-sell and have subsidiaries
jointly undertake new projects increases our competitiveness and is
important to the continued growth of the company."
Secured Digital is a leading integrator of technology-related
businesses in Asia, providing coordinated management to 14
subsidiaries in Malaysia and the United States. The company last week
reported that it had achieved record revenues of $28.3 million in
2005, up 39 percent from the prior year, and that it forecast revenue
of $9.5 million and profit of $300,000 for the first quarter of 2006.
About Secured Digital Applications:
Secured Digital Applications, Inc. is an integrator of related
business enterprises and business processes, with 14 majority or
wholly owned subsidiary companies located in the United States and
Malaysia, and operating in the information technology, communications,
multimedia, retail, international trade and logistics industries.
SDA's operating subsidiaries offer products that include Internet and
multimedia content, digital security and biometric products, broadband
telecommunications, secured shipping, value-added sales of hardware
and software, retail sales of Apple computer products and accessories
and international trade consulting.
Safe Harbor Statement:
Information contained in this release includes forward-looking
statements and information that is based on beliefs of, and
information currently available to, management, as well as estimates
and assumptions made by management. Forward-looking statements can be
identified by the use of forward-looking terminology such as
"believes", "expects", "is expected", "intends", "may", "will",
"should", "anticipates", "plans" or the negative thereof. These
forward looking statements often include forecasts and projections for
future revenue and/or profits and are subject to revision and are not
based on audited results. Forward-looking statements involve known and
unknown risks, uncertainties and other factors that could cause actual
results to vary materially from historical results or from any future
results expressed or implied in such forward-looking statements.
Secured Digital Applications, Inc. does not undertake to update,
revise or correct any forward-looking statements. Investors are
cautioned that current results are not necessarily indicative of
future results, and actual results may differ from projected amounts.
For more complete information concerning factors that could affect the
Company's results, reference is made to the Company's registration
statements, reports and other documents filed with the Securities and
Exchange Commission. Investors should carefully consider the preceding
information before making an investment in the common stock of the
Company.
KEYWORD: NORTH AMERICA NEW JERSEY UNITED STATES
INDUSTRY KEYWORD: TECHNOLOGY CONSUMER ELECTRONICS DATA MANAGEMENT HARDWARE INTERNET SOFTWARE TELECOMMUNICATIONS PRODUCT/SERVICE
SOURCE: Secured Digital Applications, Inc.
CONTACT INFORMATION:
Secured Digital Applications, Inc.
Valerie Looi, 011 (603) 7955 4582
valerie.looi@digitalapps.net
Jay McDaniel, 201-843-0222
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