EKCS: Here's one that no one wants right now. But the USAF contract is for "top secret" bases, thus I don't think they can PR task orders and other things under this contract. Next report should be telling of just how much work they're getting from this contract. I'm looking to add before the next report.
This excerpt from their 3rd quarter 10Q filing sounds compelling ...
The revenue results for the quarter ending September 30, 2003 were disappointing. We still have not seen the broad based acceleration of spending in the security industry that we expected as a result of the continuing terrorist threat from both home and abroad. The Homeland Security initiatives proposed by the United States Congress during the last two years have not had as positive an impact on our business as we expected.
However, despite the above mentioned factors, we won a major contract award from the United States Air Force (USAF) for the security of their worldwide air bases. ECSI was awarded one of four 5-year prime contracts, renewable at the option of the USAF for an additional two years, to secure global military sites. The total estimated value established by the USAF for all four contracts is approximately $500,000,000 with 50% being set aside for small businesses. ECSI estimates its contract has a potential value of about $125,000,000 over the five year term.
Our backlog has an approximate value of $33,900,000 of which an estimated $25,000,000 is in the signed USAF contract with additional verbal commitments of $8.9 million. We presently expect to fill these orders within the next 12 to 18 months, although there can be no assurance that we will complete any or all of the orders comprising our backlog within the anticipated time frame, or at all. The nature of our business is that all of these orders and contracts are subject to cancellation or delay at any time thus we cannot be certain as to the total realized value and revenue of our backlog
"Our houses are such unwieldy property that we are often imprisoned rather than housed in them." - Henry David Thoreau, Walden: Economy, 1854
