iSatori, Inc. (fka IFIT)

[ListenToMe]

It appears we have a WHALE buying up most of the shares of IZZI !!!$$$$$$




.

[ListenToMe]

IZZI .006 EXTREMELY UNDERVALUED!!!

[ListenToMe]

The government stumulus funds have been slowly leaking out up until now BUT since the economy is still stagnant they will really have to open it up and I expect IZZI will benefit GREATLY in 2011!!



.

[ListenToMe]

...."Consequently, our quote activity has steadily increased and was above historical levels during the fourth quarter of fiscal 2010 and into the first quarter of fiscal 2011".

[ListenToMe]

Directors, Executive Officers and Corporate Governance




The following individuals are directors of the Company.




WILLIAM D. BREEDLOVE *, 70, has been a Director since May 2001. Mr. Breedlove has served as President of HBW Investments, Inc., a private investment firm, since August 1996. Mr. Breedlove has held senior management positions in commercial and merchant banking for over 40 years. Prior to HBW’s formation in 1996, Mr. Breedlove was chairman, managing director and co-founder of Breedlove Wesneski & Co., a private merchant banking firm. From 1984 to 1989, Mr. Breedlove also served as president and director of Equus Capital Corporation, the corporate general partner of several public and private limited partnerships operating as management leveraged buyout funds. Mr. Breedlove’s experience also includes 22 years at First National Bank in Dallas, the last three years of which he served as chairman and chief executive officer of the lead bank and vice chairman of InterFirst Corporation. Mr. Breedlove currently serves as a director of four private companies. He has previously served as director of several publicly-held companies, including InterFirst Corporation, Texas Oil and Gas Corporation, Dillard’s Department Stores, Local Financial Corporation, Cronus Industries, Inc. and NCI Building Systems, Inc. Mr. Breedlove received his B.B.A. degree in finance and banking from the University of Texas at Austin.




RUSSELL CLEVELAND, 71, has been a Director since February 2001 and served as Board Chairman during fiscal 2008. Mr. Cleveland is the President, Chief Executive Officer, sole Director and the majority shareholder of Renn Capital Group, Inc. He has served as President, Chief Executive Officer and director of RENN Global Entrepreneurs Fund, Inc. since its inception in 1994. Mr. Cleveland is a Chartered Financial Analyst with more than 41 years experience as a specialist in investments for smaller capitalization companies. Mr. Cleveland has also served as President of the Dallas Association of Investment Analysts. He serves on the Boards of Directors of Renaissance US Growth Investment Trust PLC, CaminoSoft Corp., Cover-All Technologies, Inc. and BPO Management Services, Inc. Mr. Cleveland is a graduate of the Wharton School of Commerce and Finance of the University of Pennsylvania.




ROBERT M. GALECKE *, 68, has been a Director since May 1996. Mr. Galecke is currently Executive Vice President for the University of Dallas. Prior to that, from 1993 to May 1996, he was a principal in the corporate consulting firm of Pate, Winters & Stone, Inc. From 1986 until 1992, he served as Executive Vice President, Chief Operating Officer and Chief Financial Officer of Southmark Corporation, a financial services insurance and real estate holding company. From 1989 to 1995, Mr. Galecke served as Chairman of the Board, President and Chief Executive Officer of National Heritage, Inc. Mr. Galecke received a graduate degree from the School of Banking at the University of Wisconsin, Madison, and a B.S. in Economics from the University of Wisconsin at Stevens Point.




FRANK R. MARLOW *, 72, has been a Director since May 1995. Mr. Marlow served as Vice President, Sales and Marketing from October 1993 to February 1995. Mr. Marlow is currently a Senior Partner with SMI Consulting, a sales and marketing consulting firm. Mr. Marlow was Vice President of Sales, Western Region, for ACI, a publicly traded company headquartered in Omaha, Nebraska from March 2003 until May 2007 and was also Vice President of Sales for Cofiniti, formerly Money Star, a technology company based in Austin, Texas from 1998 until 2001. From 1995 until 1998, Mr. Marlow was Vice President of Hogan Systems, a publicly traded company subsequently purchased by Computer Sciences Corp. Previously, Mr. Marlow served in various executive sales and training positions at IBM, Docutel Corporation, UCCEL Corporation and Syntelligence Corporation




BROOKS SHERMAN, 50, has been Chairman of the Board and Chief Executive Officer of ISSI since August 29, 2008. Mr. Sherman previously worked as an independent consultant in executive and financial roles in 2007 and 2008, including serving as a consultant to Renn Capital Group, Inc. From 2002 to 2007, Mr. Sherman served as President and CEO of Selkirk Americas, LP, a building products manufacturer specializing in venting and air distribution products. Prior to that, Mr. Sherman held several other positions, including President of Selkirk, Inc. and Chief Financial Officer of Eljer Industries, Inc., a building products manufacturer of plumbing and HVAC products. Mr. Sherman began his career with Arthur Andersen & Co., a public accounting firm. Mr. Sherman earned his B.B.A. degree in accounting from Texas Tech University.




In addition to Mr. Sherman, the following individuals are significant employees of the Company and its subsidiaries.





Page 36 of 46





--------------------------------------------------------------------------------










PAUL MATTHEWS, 46, has been President and Chief Operations Officer of B&B ARMR since June 1, 2009 and an employee since 2004. Prior to holding this position, Mr. Matthews held the positions of Chief Operational Officer and Chief Technical Officer of B&B ARMR. Mr. Matthews’ background includes over twenty-five years of electro-mechanical product development and has over thirteen years experience in the security industry. He previously served as Six Sigma Leader for Honeywell Video Systems and as Vice President of Product Development (1996-2004) for Ultrak, their subsidiary. Prior to Ultrak, he supported multiple engineering programs with Texas Instruments DSEG. Mr. Matthews holds a BS in Mechanical Engineering from the University of Missouri and is a registered professional engineer in the state of Texas.




SHARON DOHERTY, 45, has been the Chief Financial Officer since January 2009. From 2007 to 2008 Ms. Doherty worked as a financial consultant in various capacities. From 2002 to 2006, Ms. Doherty served as Chief Financial Officer for Selkirk Americas, LP, an international building products manufacturer specializing in venting and air distribution products. Preceding Selkirk Americas, LP, she held such positions as Controller for Selkirk, Inc. and Senior Financial Analyst for Eljer Industries, Inc., a building products manufacturer of plumbing and HVAC products. Ms. Doherty began her career with Ernst & Young, LP, a public accounting firm. Ms. Doherty earned her B.B.A. degree in accounting from the University of Texas at Arlington.

[ListenToMe]

DD is looking Very good so far for IZZI. I will continue to see what I can find over the weekend and share as asap.


Stay tuned $$$$



.

[ListenToMe]

I believe you meant $4.1 MILLION backlog....

so If you thought $1.4 MILLION was good how does $4.1 MILLION make you feel??? :)


Backlog

"Our backlog is calculated as the aggregate sales prices of firm orders received from customers less revenue recognized. At August 31, 2010, our backlog was approximately $4.1 million. We expect that we will fill the majority of this backlog by March 31, 2011".

[ListenToMe]

...Sales for the current fiscal year were $8.1 million,

...We hired a new Vice President of Sales and have been fully staffed since the end of 2009. Consequently, our quote activity has steadily increased and was above historical levels during the fourth quarter of fiscal 2010 and into the first quarter of fiscal 2011.

...Offsetting this decline was increased activity in the road and bridge business, B&B Roadway. In early 2009 the federal government passed a stimulus program that included funds for infrastructure projects such as roads and bridges. During fiscal year 2009 and 2010, state and local agencies had put budgeted projects on hold in anticipation of receiving federal funding. Despite mixed success obtaining federal funds, these state and local projects have begun to be released and sales increased substantially during the fourth quarter at B&B Roadway, which ended the year at $4.0 million, up approximately $0.6 million, or 18.3%, from fiscal 2009. The backlog of orders at August 31, 2010 is approximately $3.5 million with the majority scheduled to ship by March 2011.

[ListenToMe]

6 boardmarks now!



.

[ListenToMe]

Up 33% today is not too shabby.


.

[ListenToMe]

I think I will spend some time this weekend on some DD here. I definitely like what I see so far.



.

[ListenToMe]

.0045 X .005 but then .0075, .009 ......

[ListenToMe]

Loooking very thin... Not much resistance to .10 according to L2.



.

[ListenToMe]

Numbers seem to be falling in line.

[ListenToMe]

Things looking good here!

[fear ceoil]

Financials don't look that bad.

The real bottleneck in the business seems to be the process that has created the backlog. With $1.4Mil in orders that should have a nice effecton the revenue stream when it gets resolved.

IMO

Best to all

[jeriko]

nice gain today - the bottom is in

[jeriko]

Integrated Security Systems, Inc. Reports Second Quarter Results

CARROLLTON, Texas -- Integrated Security Systems, Inc. (OTCBB:IZZI) today reported results for its fiscal 2010 second quarter ended December 31, 2009.

"Management's Discussion and Analysis of Financial Condition and Results of Operations"

For the fiscal 2010 second quarter, the Company reported a net loss of $49,000 compared to a net loss of $463,000 in the prior year period. This improvement in earnings occurred despite a decline in sales of 11.1% from the second quarter of fiscal 2009. Sales for the second quarter of fiscal 2010 were $1.8 million, $227,000 less than the second quarter of fiscal 2009. The sales decline occurred in the Company's road and bridge business, which declined by 23% since the year-ago quarter. Sales in the Company's perimeter barrier business rose 1% from the second quarter of fiscal 2009. The improvement in net loss was primarily due to a reduction in interest expense.

Mr. Brooks Sherman, Chairman and CEO, commented, "We are pleased that the Company is now performing at a near breakeven level after years of incurring significant losses. Management is now able to shift its focus to increasing sales and developing new products, rather than strictly survival. While liquidity continues to be a concern as the Company is dependent on factoring its accounts receivable, operating cash flow was stable for the first six months of fiscal 2010."

http://houston.citybizlist.com/yourcitybiznews/detail.aspx?id=67392

[jeriko]

IBox updated - check it out

[jeriko]

IZZI - All time new low share price today at .004.

[jeriko]

DALLAS, TEXAS : StockGuru announces that
Integrated Security Systems Inc. (OTCBB: IZZI) is in the StockGuru Spotlight.
February
9 2010
(OTCBB: IZZI) is in the StockGuru Spotlight. Integrated Security Systems, Inc. designs, develops and markets safety and security equipment to the commercial, industrial and governmental marketplaces homeland security needs. ISSI is a leading provider of anti-terrorist barriers, traffic control and safety systems within the road and bridge and perimeter security gate industries. ISSI designs, manufactures and distributes warning gates, lane changers, airport and navigational lighting and perimeter security gates and operators through its subsidiaries B&B ARMR and B&B Roadway.

On Tuesday, the company put out news announcing results for its fiscal 2010 second quarter ended December 31, 2009. For the fiscal 2010 second quarter, the Company reported a net loss of $49,000 compared to a net loss of $463,000 in the prior year period. This improvement in earnings occurred despite a decline in sales of 11.1% from the second quarter of fiscal 2009. Sales for the second quarter of fiscal 2010 were $1.8 million, $227,000 less than the second quarter of fiscal 2009. The sales decline occurred in the Company’s road and bridge business, which declined by 23% since the year-ago quarter. Sales in the Company’s perimeter barrier business rose 1% from the second quarter of fiscal 2009. The improvement in net loss was primarily due to a reduction in interest expense.
http://www.pennystocks.bz/2010/02/integrated-security-systems-inc-is-in-the-stockguru-spotlight-for-february-10-2010/

[jeriko]

Upgrades Perimeter Security to Leading International Software Company
January 29th, 2009 - 06:58 am ET by Business Wire

B&B ARMR Corporation, a subsidiary of Integrated Security Systems, Inc. (OTCBB: IZZI), announced today that they have provided vehicle barriers as part of a perimeter security upgrade for two separate locations of a leading international software and operating systems company.

Included in the security upgrades were multiple B&B ARMR Model 712 barriers as well as B-30 bollards. The 712 Model is a cable reinforced crash beam capable of immobilizing a 10,000 pound vehicle traveling at speeds up to 18 mph. The B-30 bollards are capable of stopping a 15,000 pound vehicle traveling at speeds up to 40 mph. This allows both locations of the software facility the ability to control traffic and prevent unauthorized entry into restricted areas.

The equipment upgrades for both locations is valued at approximately $200,000.

B&B ARMR can develop and customize perimeter security applications to suit the specific requirements for any low, medium or high risk facility.

For additional information, please visit www.bb-armr.com.

[jeriko]

New Electro-Mechanical Cantilever Crash Gate
PRESS RELEASE
March 30, 2010, 3:59 p.m. EDT · Recommend · Post:
Integrated Security Systems, Inc. Announces B&B ARMR Corporation's New Electro-Mechanical Cantilever Crash Gate


CARROLLTON, Texas, Mar 30, 2010 (BUSINESS WIRE) -- B&B ARMR Corporation, a subsidiary of Integrated Security Systems, Inc. (IZZI 0.00, +0.00, +9.76%) , announced today the introduction of an exciting new product, the Model 450E electro-mechanical anti-terrorist cantilever crash gate. The first such gate was shipped and installed at a major U.S. Army base this month. This new product addition to the Model 400/450 series cantilever crash gate incorporates an electric drive in place of the traditional hydraulic drive for applications requiring 100% electric barrier solutions.

"This product opens up greater opportunities in applications where hydraulic systems are not required," commented Mr. Fred Pierce VP of Sales, who also states, "As the need and market for perimeter protection expands, B&B ARMR continues to develop the quality solutions to meet or exceed our customer's expectations."

This new product adds greater versatility and functionality to B&B ARMR's highly successful Model 450/400 product line. With U.S. Department of State K12 (15,000 lbs at 50 MPH) and K4 (15,000 lbs at 30 MPH) certification, the Model 450/400 Cantilever Barrier Gates continue to be the industry choice.

About B&B ARMR

B&B ARMR Corporation is a premier engineer and manufacturer of high security, crash tested and rated barriers and perimeter control equipment for commercial, industrial, government and military use throughout the world. B&B ARMR's crash rated equipment includes: crash gates, portable barriers, drop arms, surface and shallow mounted barriers, bollards as well as hydraulic slide gate operators. B&B ARMR is the nation's oldest manufacturer of crash gates and related products dating back to 1925.

About ISSI

Headquartered in Carrollton, Texas, ISSI designs, develops and markets safety and security equipment to the commercial, industrial and governmental marketplaces homeland security needs. ISSI is a leading provider of anti-terrorist barriers, traffic control and safety systems within the road and bridge and perimeter security gate industries. ISSI designs, manufactures and distributes warning gates, lane changers, airport and navigational lighting and perimeter security gates and operators through its subsidiaries B&B ARMR and B&B Roadway. For more information, please visit www.integratedsecurity.com, www.bb-armr.com, www.bbroadway.com.

SOURCE: Integrated Security Systems, Inc.
http://www.marketwatch.com/story/integrated-security-systems-inc-announces-bb-armr-corporations-new-electro-mechanical-cantilever-crash-gate-2010-03-30?reflink=MW_news_stmp

[jeriko]

52 week low here

[stocks2watch]

Well not anymore.Up 60% good call!

[Cube]

That is very interesting and current pps is only 008.

[ThatStockGuy]

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

________




Form 10-Q

________




ý
QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED December 31, 2009 .




¨
TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM ______________ TO ______________.




Commission file number 1-11900




Integrated Security Systems, Inc.

(Exact name of small business issuer as specified in its charter)





Delaware

75-2422983

(State of Incorporation)

(I.R.S. Employer Identification No.)






2009 Chenault Drive, Suite 114, Carrollton, TX

75006

(Address of principal executive offices)

(Zip Code)





[phone]

(Issuer’s telephone number)







Indicate by check mark whether the registrant (1) filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x No o




Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes o No o




Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act): Yes o No x




Indicate by check mark whether the registrant is a (See definitions in Rule 12b-2 of the Exchange Act:




Large accelerated filer ¨ Accelerated filer ¨ Non-accelerated filer ¨ Smaller reporting company ý




As of January 31, 2010, 560,764,951 shares of the registrant’s common stock were outstanding.





Page 1 of 17





--------------------------------------------------------------------------------







INTEGRATED SECURITY SYSTEMS, INC.

INDEX



Page




PART I. FINANCIAL INFORMATION





Item 1. Financial Statements


Consolidated Balance Sheets at December 31, 2009 (unaudited) and June 30, 2009
3

Consolidated Statements of Operations (unaudited) for the three months and six months ended December 31, 2009 and 2008
4

Consolidated Statements of Cash Flows (unaudited) for the six months ended December 31, 2009 and 2008
5

Notes to Financial Statements
6

Item 2. Management’s Discussion and Analysis or Plan of Operation
12

Item 4. Controls and Procedures
14




PART II. OTHER INFORMATION





Item 1. Legal Proceedings
15

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
15

Item 3. Defaults upon Senior Securities
15

Item 4. Submission of Matters to a Vote of Security Holders
15

Item 5. Other Information
15

Item 6. Exhibits
15




SIGNATURES
16









Page 2 of 17





--------------------------------------------------------------------------------










PART I. FINANCIAL INFORMATION




Item 1. Financial Statements.




INTEGRATED SECURITY SYSTEMS, INC.

Consolidated Balance Sheets









December 31,

June 30,


2009

2009

ASSETS
Unaudited




Current assets:






Cash and cash equivalents
$
23,092

$
30,944

Short term investments

40,525


56,000

Accounts receivable, net of allowances of $219,432 and $204,803, respectively

1,130,398


1,487,175

Inventory, net of reserves

325,819


314,430

Other current assets

254,033


242,509

Total current assets

1,773,867


2,131,058








Property and equipment, net

21,580


28,884

Goodwill

1,707,953


1,707,953

Other assets

162,454


218,199








Total Assets
$
3,665,854

$
4,086,094








LIABILITIES AND EQUITY






Current liabilities:






Accounts payable
$
978,956

$
1,252,517

Accrued liabilities

744,540


923,537

Demand note payable

362,615


287,985

Current portion of long-term debt

8,033


7,657

Liabilities related to discontinued operations

15,612


20,892

Total current liabilities

2,109,756


2,492,588








Long-term debt

11,187


15,299















Equity:






Convertible preferred stock, $0.01 par value, 750,000 shares authorized; 22,500 shares issued and outstanding ($450,000 of liquidation value)

225


225

Common stock, $0.01 par value, 800,000,000 shares authorized; 561,043,473 and 559,126,805 shares issued, respectively

5,610,435


5,591,268

Treasury stock, at cost, 278,522 common shares

(125,606)


(125,606)

Additional paid in capital

37,947,058


37,888,178

Accumulated deficit

(41,864,994)


(41,780,971)

Accumulated other comprehensive loss; (available for sale security)

(28,289)


(12,000)

Total stockholders’ equity

1,538,829


1,561,094

Noncontrolling interest

6,082


17,113

Total equity

1,544,911


1,578,207








Total liabilities and equity
$
3,665,854

$
4,086,094

[ThatStockGuy]

interesting...looks like this company has an EPS of $.03...

[z_deville]

IZZI looks pretty good at this price.

[AliAngel]

10q increased the float big time.

[AliAngel]

close .03 oh well.

[AliAngel]

still no volume. looking for the drop to .01

[AliAngel]

very little volume here for sure.

[AliAngel]

not much here for sure. lol

[Major_Bankz]

IZZI 0.055 x 0.07 news looks good.