Not Long Ago….Less Than ….3-Weeks (1/15/10)….
The Evermedia Group Reviews 2009 and Offers 2010 Guidance
2009 was a milestone year for the Company, marked by significant progress in establishing ourselves as an emerging leader in biometric security and defense contracting.
Looking forward, we remain positive that Evermedia will continue this growth as demand for multimodal identity and security applications rises over the next five years, particularly in the federal and military sectors
Though task orders in our functional area from the BOSS-U contract have yet to surface, we remain confident this contract and research vehicle will provide us the means to furthering our biometric concepts. It is our understanding that once policy, management and standardization task orders are complete, multiple research and development opportunities will follow as biometric initiatives in the U.S. continue to mature. As with many government contracting timetables, task and purchase orders are unpredictable and subject to delays
Likewise, we predict revenues from defense contracting efforts will increase in upcoming months as task orders emerge. We continue to place bids as either a prime or a subcontractor for logistics, engineering and IT projects to various U.S. federal agencies and the military. Many of our subcontracting agreements and contract awards announced in 2009 have yet to commence. Since most are large, multiyear contracts, we foresee longterm growth to our earnings as we progress and win task orders.
Our near term revenues are difficult to predict accurately, and at present, we can only offer a longterm outlook due to the timing of task orders and nature of government contracting. However, we do expect to hear awards announcements in the first quarter, at which time we will be able to better predict our revenues for the coming year
Now that we have successfully laid this foundation, 2010 will be a year dedicated to revenues.
We believe our company is extremely undervalued and our stock price does not accurately reflect current and/or future value given the state of our technology, the revenue potential of our government related contracts, the implied value of our intellectual property, the resourcefulness of our management and the prominence of our relationships.
