Press Release Source: Cyberlux Corporation
Cyberlux Announces 3 Year Revenue Projections
Monday April 9, 8:00 am ET
RESEARCH TRIANGLE, N.C.--(BUSINESS WIRE)--Cyberlux Corporation, (OTCBB:CYBL - News), a leading provider of LED lighting solutions, announced today its revenue projection guidance for fiscal years 2007, 2008 and 2009, based on existing and future pipeline opportunities within existing retail relationships, continued penetration within governmental agencies, potential for OEM opportunities through its recent technology acquisitions, and current negotiations with prospective customers and partners. Mark Schmidt, Cyberlux President/COO said, "After a thorough study by our management staff of our present business and future business expectations, we have concluded that it is in the best interest of our shareholders for the Company to make public our estimated consolidated revenue projections for the next three fiscal years."
Considering certain assumptions and factors discussed in the Forward Looking Statements section of this News Release, Cyberlux estimates total consolidated revenue for the fiscal year 2007 is $3.7 million, for the fiscal year 2008 is $8.0 million, and for fiscal year 2009 is $14.0 million. The Company estimates that it will be cash flow positive when a $3.0 million per year revenue run rate is achieved.
"We feel strongly about our Company's leadership position within the emerging LED Lighting Industry, particularly when our Hybrid White Light (HWL) and Hybrid Multi-Color Light (HML) technologies are fully commercialized," Schmidt continued. "Cyberlux is in a strong position to capitalize on the technology transition occurring in the lighting industry, given our present and future government business, our technology licensing and the general direction of the lighting industry in which we continue to forge a position of leadership. Publishing these estimates now can give investors a much clearer picture of our emerging company."
About Cyberlux Corporation
Cyberlux Corporation (OTCBB:CYBL - News) has created breakthrough LED lighting technology that provides the most energy efficient and cost effective lighting solutions available today for consumer, commercial and military uses. The Military and Homeland Security products deliver unique, covert, and advanced visible lighting capability for threat detection, force and asset protection. Cyberlux uses solid-state semiconductors, trademarked as its diodal(tm) lighting elements, which consume 75% less energy than incandescent lighting elements and perform for over 20 years in contrast to 750 hours for conventional bulbs. For more information, please visit www.cyberlux.com.
Forward Looking Statements
Factors that could impact these revenue estimates may include, but are not limited to, the Company's ability to further penetrate targeted markets, to remain relevant in the solid state lighting industry, to retain existing contracts and to secure satisfactory financing. Additionally, the Company does anticipate the sale of securities and/or debt service for the years ended December 31, 2007 and 2008 as part of its financing plan. If unable to satisfy the requirement for financing during the periods reported, the results of the Company's operations would be affected and the Company would amend the guidance estimates.
This news release contains forward-looking statements. Actual results could vary materially from those expected due to a variety of risk factors, including, but not limited to, the Company's ability to raise the capital required to execute the Company's business plan. The Company's business is subject to significant risks and uncertainties discussed more thoroughly in Cyberlux Corporation's SEC filings, including but not limited to, its report on Form 10-KSB for the year ended December 31, 2005 and its 10-QSB for the quarter ended September 30, 2006. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements, which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Contact:
Cyberlux Corporation, Research Triangle
Investor Contact: Richard Brown, 617-314-7379
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Source: Cyberlux Corporation
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