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03/19/08 12:19 PM

#45 RE: holdertime #44

Tactical Solution Partners Reports Record Financial Performance for 2007
Continued Growth Highlighted by Near $20 Million in Revenues Due to Expanded Capabilities and New Product Offerings

Tactical Solution Partners, Inc. (OTCBB: TTSR), an innovative homeland security technology and services firm, today reported the Company’s financial results for the year ended December 31, 2007. Revenues for 2007 were approximately $19.8 million, an increase of $2.6 million or 15% over 2006 revenues of approximately $17.2 million.

Tactical also reported that revenues for the fourth quarter surpassed $7 million, a near $2.5 million or 54% increase over the comparable period in 2006.

The Company stated that its increase in revenues for fiscal year 2007 were primarily due to the previously announced contract with Northrop Grumman, an increase in sales from its wholly-owned TSO division, and increases in sales of consumer electronics, as well as the volume of vehicle mounting systems and mobile computer and communication system installations sold to customers of the PelicanMobile division.

“Tactical Solution Partners has successfully grown its revenues throughout the mid-Atlantic as a result of its reputation for providing the highest quality mobile data communication engineering and integration services,” said William A. Shafley, Chief Executive Officer of Tactical Solution Partners. “Over the next year, we will continue to deliver unsurpassed quality over a wider array of products and services, including personnel and vehicle armor systems, additional IT products, tactical equipment and training, and first responder vehicle upfitting services.”

Net loss for the year ended December 31, 2007 amounted to approximately $3.8 million as compared to $2.9 million for the comparable period in 2006. For both 2006 and 2007, the losses were due primarily to share-based payments to employees and service providers, amounting to $3.7 and $2.1 million for 2007 and 2006, respectively.

As of December 31, 2007, Tactical had working capital of over $3.6 million. The Company believes that its cash flows from operations and the private placement it conducted in 2007 are sufficient to sustain operations for the next 12 months. However, the Company anticipates that additional funding may be necessary to successfully pursue its long-term strategy of developing higher gross profit margin products and services, acquiring personnel and complementary businesses and gaining the resources necessary for its performance under government contracts that may be awarded.

“We recently announced that our new facility in Hanover, Maryland, is capable of housing up to 30 vehicles simultaneously for installation and upfitting services 24 hours per day,” said Shafley. “We are strongly committed to expanding our customer base beyond the Maryland, Delaware and Virginia areas to more effectively leverage our operating and production capacities to increase shareholder value.”