CKYS news. Read....
Department of Homeland Security Adds CyberKey's New Biometric USB Drive to Original $25 Million Purchase Order
By Market Wire
Last Update: 8/4/2006 8:30:33 AM Data provided by
ST. GEORGE, UT, Aug 04, 2006 (MARKET WIRE via COMTEX) -- CyberKey Solutions, Inc. (PINKSHEETS: CKYS) announced that the Company has received an additional forty-thousand unit purchase order from the Department of Homeland Security (DHS). The forty-thousand unit purchase order is for smaller capacity CyberKey BIO Drives. The CyberKey BIO Drives will utilize CyberKey Solutions standard security software, with the added feature of biometric fingerprint recognition.
CyberKey Solution's initial $25,000,000 purchase order from the Department of Homeland Security was for 150,000 CyberKey units, of which 63,000 have already been shipped.
CyberKey Solutions recently announced that the Company received the $25,000,000 purchase order from DHS and reported a net income of $12,152,000 for the first half of 2006. CyberKey Solutions has posted their unaudited financials for the first half of 2006 on the Company's Web Site, www.cyberkeysolutions.com, and also on www.pinksheets.com. The Company is currently in the process of auditing their financial statements and is expecting to release them in the near future.
CyberKey Solutions recently posted the Company's first six month revenues; reflecting a gross profit of $12,806,298.97 and total expenses of $654,238.78, for the first six months of the year. As a result, CyberKey's Net profit was more than $12,000,000 with earnings per share of more than $0.027.
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About CyberKey Solutions, Inc.:
CyberKey Solutions, Inc., based in St. George, Utah, partners with industry leading manufacturers and distributors to deliver secure USB drive based solutions to vertical markets and content owners, service providers and resellers.
Statements contained in this news release, other than those identifying historical facts, constitute 'forward-looking statements' within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.
SOURCE: CyberKey Solutions, Inc.
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