The Company expects growth to continue in 2005, anticipating full year revenues of $26 - $30 million. This guidance is based on the Company's large existing annuity stream of maintenance customers, a backlog of large projects in Ohio and Pennsylvania and the expected increase in revenues to be derived from the doubling of the Company's sales and marketing investments. The Company expects to be EBITDA positive by the end of the second quarter of 2005.
During the quarter, the company announced several important developments including:
-- Completion of the acquisition of Aether's Mobile Government Division -- Raising $10 million in Convertible Debentures at a $1.35 conversion rate -- Deployment of PocketCop(R) at National Democratic Convention in Boston -- Contract award from National Center for Biodefense Communications -- Partnership with Verizon Communications for a regional data network for a consortium of Cape Cod towns -- Appointment of former NYC Police Commissioner as Strategic Advisor -- Strengthen management team with new CFO, CTO and CMO -- First phase deployment of a $7.5 million contract with Pennsylvania State Police
can honestly say i don't know whether i am glad or not to be without shares. all depends on how market views delayed EBITDA positiveness. considering where it's run previously, and that conversion is 35% higher...
i have no clue :) bookmarked tomorrow mornings webcast maybe i can get a clue if i can get up at 7:30 lol
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