Electronic Control Security (EKCS)

[flemsnopes]

NT 10K (notice of late filing) Significant loss again

For the year ended June 30, 2012, the registrant had revenues of $2,216,082 and a net loss of $1,681,279. For the year ended June 30, 2013, the registrant currently estimates that it had revenues of approximately $980,000 and a net loss of approximately $1.25 million. Results for the 2013 fiscal year remain subject to further adjustment.

The decrease in revenues during the 2013 period as compared to the 2012 period is primarily attributable to the decrease in deliverable products and support services billings resulting from continuing delays in release of funding at the Department of Defense and Department of Energy on projects where we serve as a prime contractor and as a subcontractor. The budget constraints and budget uncertainty at the U.S. government agencies have significantly reduced the issuance of orders and delayed projects for all participants in our industry. The net loss for the 2013 period is primarily attributable to the reduced revenues, partially offset by reductions in costs and expenses.

This Notification of Late Filing on Form 12b-25 contains forward-looking statements, including forward-looking statements relating to the Registrant's financial results for the year ended June 30, 2013. These statements are based on management's current expectations and involve a number of risks and uncertainties, including risks described in our filings with the Securities and Exchange Commission. The Registrant's actual results may differ materially from the Registrant's anticipated or expected results and the results in the forward-looking statements.