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ksuave

03/21/11 10:09 PM

#1101 RE: shiloh12 #1100

"Security revenues for the three months ended December 31, 2010 were $3,147,000 as compared with $603,000 for the comparable prior year period, an increase of $2,544,000 or 421.9%. Revenues from security products for the three months ended December 31, 2010 were $3,147,000 as compared with $496,000 for the comparable prior year period, an increase of $2,651,000 or 534.5%. Revenues from government-funded contracts and other services for the three months ended December 31, 2010 were $0 as compared with $107,000 for the comparable prior year period, a decrease of $107,000. The increase in security revenue is primarily a result of an increase in the number of units sold of our explosives detection products during the three months ended December 31, 2010 as compared to the comparable prior year period. The security product revenues increase is due to continued deployment of our portable explosives detectors in China, Spain, Mexico and Japan. Revenue from government contracts decreased due to the expiration of several contracts in the last quarter of our fiscal year ended June 30, 2010. Until such time that we are successful in securing additional government contracts, we do not expect to report revenue from government contracts for the foreseeable future. We will continue to pursue these grants and contracts to support our research and development efforts in the areas of trace explosives detection. . . .

" . . . we do not expect to report revenue from government contracts for the foreseeable future." ??

vintagesake

03/22/11 11:39 PM

#1102 RE: shiloh12 #1100

Bingo! Difference maker, this should put us on top,imo. They say it's in development, but I'm thinking its very close to being ready by the way they are hiring,jmo. Once we get some answers on the debt financing by 3/31, if all goes well, this should be a fun 2011. glta


V