Markland Technologies Inc. Subsidiary, EOIR Technologies, Contributes to Preliminary First Quarter Revenues (Un-audited) of $15.75M; Active Contract with the U.S. Army Night Vision Laboratories
RIDGEFIELD, Conn., Oct 14, 2004 (PRIMEZONE via COMTEX) -- Markland Technologies, Inc. (OTCBB:MRKL) (www.marklandtech.com), an integrated homeland security company, announced that on a preliminary un-audited basis, it expects revenue of approximately $4,800,000 for the month of September 2004 and approximately $15,750,000 for its fiscal first quarter ended September 30,2004. This represents a significant increase year over year. A substantial majority of this increase in fiscal first quarter revenues is attributable to the recent acquisition of its wholly owned subsidiary EOIR Technologies Inc. by Markland.
EOIR's revenues derive principally from an active contract with the U.S. Army Night Vision Laboratories. EOIR has over 150 employees located in several Virginia facilities. EOIR has substantial experience in the design of remote sensor technology particularly in the areas of capturing, processing and exploiting sensor data. Its expertise has particular impact within the DOD and Homeland Security market place.
Markland CEO/Chairman Robert Tarini stated that, "The Markland business model is working well and the business segment managers are working to create additional organic revenue growth. We are actively exploring additional synergistic corporate acquisitions specifically in the areas of bio-terrorism and intelligence gathering. Gross revenues fiscal year to date continue to be very encouraging."
About Markland Technologies
Markland Technologies, Inc. is committed to helping secure America by providing innovative emerging technologies and expert services to meet the country's needs to protect our people, our borders and our infrastructure assets. The Company is a Board member of the Homeland Security Industries Association (http://www.hsianet.org).
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