Electronic Control Security (EKCS)

[flemsnopes]

I have a feeling the "bad" is already factored in because the dismally low share price was difficult to understand given the expected revenues. Now the price seems very reasonable. Here are the most encouraging words I could find in the report.

Business Approach

Over the last several years we have sought to develop the contacts and relationships enjoyed by our directors by obtaining introductions to potential strategic partners. The strategic relationship framework provides a comprehensive and thorough mechanism for developing and implementing corporate strategy. Our board of directors determined early in our existence that given our size and the criticality of our business situation that the strategic relationship framework would provide us with a non-resource exhaustive and more expedient and efficient means of entering new markets. This approach has met with considerable success and we continue to seek strategic alliances.

We believe we are well positioned for economic success during fiscal 2007 and beyond. A number of factors contribute to this outlook.

o We anticipate that the factoring agreement completed in April 2006 will allow us to generate sales and marketing efforts with the U.S. Air Force and permit us to expand our strategic alliances.

o Our selection by the United States Air Force, Force Protection Office, as one of four companies, among two multinational and two small business organizations, entitled us to submit proposals to obtain contracts to supply and install security system upgrades for thirty-four (34) military facilities worldwide over a five year period with a total value in excess of $540 million.

o Our estimate that orders recently received, including nuclear power station security upgrades, Hanscom Air Force base tactical equipment purchases, Israeli Defense Forces Ministry Of Defense purchase orders, and a million dollar chemical-petrochemical facility security project in Africa will amount to $4,500,000.

o The conclusion of agreements with new strategic partners for the U.S. Navy base security upgrade program will be a source of material orders during the next five years.