hi 'flemsnopes' just getting to this one. EKCS ,,, nice update.
review from ,,,
Mick, I am closely following EKCS (Electronic Control Security International) This is a nano cap in the perimeter security business with very impressive clients and a huge contract with the US Airforce that could potentially multiply revenues by several hundred percent this fiscal year.(fiscal year ends June 30,2006). Their website is anti-terrorism.com and I think you will be impressed. The stock has been trading in the 1.15 to 1.30 range for several weeks, but with a good first quarter report, I think it could quickly move above 2.00. Also, EKCS has a very low float, under 10 million shares. The following is a recent news release concerning the growth in revenues:HomelandSecurityStocks.com:
Electronic Control Security Inc. Ramps up to Meet Demand Thursday October 20, 10:53 am ET
NEW YORK--(BUSINESS WIRE)--Oct. 20, 2005--Homeland Security Stocks.com (HSS) -- Electronic Control Security Inc. (OTCBB: EKCS - News), is moving rapidly to capitalize on the momentum from their record sales performance in just completed fiscal year 2005. The acceleration in performance of their United States Air Force base protection programs is particularly notable following the company's reports that they "continue to close substantial orders for equipment and sales to be delivered in Fiscal '06." In fact, little more than one quarter into fiscal '06, the company has estimated that the backlog from recent orders "will amount to $8,500,000." The recently announced appointment of Mr. Richard Deyulio, a military technical expert with extensive project management experience, as Senior Project Manager to spearhead the Air Force program is an important indicator of the company's outlook as the United States Air Force, Force Protection Office has moved to increase the number of air force bases to be covered under the IBDSS base security upgrades program by more than 1,000 percent. Mr. Deyulio's hands-on experience in working with all levels of the chain of command, from field techs and specialists to coordinating with the White House gives him the credibility and reputation to maximize the company's prospects under this program.
Electronic Control Security is one of only four companies authorized to bid on over $1.3 billion in security upgrades under the Integrated Base Defense Security System (IBDSS) program. Of the initial bases for which contracts were issued prior to the recent program expansion, Electronic Control Security received one third of the awards. While there is no guarantee that the company will continue to reap an outsize share of the contract awards, their successful start combined with their appointment of Mr. Deyulio, will give them a strong hand in pursuing a significant share of the potential $1.3 billion in awards under this program.
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