Gtreat news, Rang.
>>"While these delays have been frustrating and will prevent InkSure from achieving profitability in the fourth quarter of 2005 as expected, we are gratified that our equipment meets the highest performance standards and confident that the international authentication project will provide important benefits to the customer," continued Housman. "We are currently looking at a number of other projects in the tax stamps/markings field, and management is optimistic that InkSure will play a significant role in this area."
Despite the absence of equipment revenues under the abovementioned international order, InkSure expects fourth quarter revenues to be the strongest of the year 2005 and well ahead of prior-year levels. Revenues for the full year ended December 31, 2005 should increase by more than 50% when compared with 2004 results.
"Postponement of the equipment shipments into early 2006, combined with new and repeat business from other 'world-class' customers, should allow the Company to generate strong revenues and greatly improved operating results in the current year. InkSure is clearly positioning itself as a premier provider of innovative covert security solutions on a global scale, and our confidence in the future has never been stronger," concluded Housman.<<
Excellent.
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