Markland Technologies Reports Fiscal First Quarter Results
24 November 2005
Markland Technologies, Inc. (OTC BB:MRKL.OB - News) a defense and homeland security company transforming advanced laboratory technology into real-world products, announced today its operating results for the company's fiscal first quarter ended September 30, 2005.
Revenues for the quarter were $18,996,341 which represents an increase of 20.5% over revenues for the corresponding period in 2004 of $15,769,851. The operating loss for the period amounted to $2,100,383 compared to $748,653 for the prior year. The net loss attributable to common shareholders for the period ended September 30, 2005 was $4,201,662 or a loss of $0.02 per share compared to a loss of $1,246,021 or a loss of $0.03 per share in the corresponding period in 2004. During the period weighted average number of shares outstanding increased to 215,804,637 from 38,352,594 for the prior year period.
About Markland Technologies
Markland Technologies, Inc. is committed to setting next-generation standards in defense and security through the provision of innovative emergingtechnologies and expert services. The company is engaged in the identification of advanced technologies currently under development in laboratories, universities and in private industry, and in the transformation of those technol ogies into next-generation products. Markland's solutions support military, law enforcement and homeland security personnel to protect the nation's citizens, borders and critical infrastructure assets from the threat of terrorism and other dangers. Through strategic development, Markland focuses on the creation of dual-usetechnol ogy and products with applications in both the defense market and civilian homeland security and law enforcement fields. The Company is a Board Member of the Homeland Security Industries Association, and is a featured company on HomelandDefenseStocks.com; additional details can be viewed at http://www.homelanddefensestocks.com/Companies/MarklandTech. For more information about the company and its products, please visit the Markland home page at http://www.marklandtech.com.
``Forward-Looking Statements''
Investors are cautioned that certain statements contained in this press release as well as some statements in periodic press releases and some oral statements of MarklandTechnologies officers and directors during presentations about Markland Technol ogies, are ``forward-looking'' statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the ``Act''). Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as ``expects,'' ``anticipates,'' ``intends,'' ``plans,'' ``believes,'' ``estimates,'' or similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future actions, which may be provided by management, are also forward-looking statements as defined by the Act. Some of the factors that could significantly impact the forward-looking statements in this press release include, but are not limited to: a reduction in order rates from the Army's Night Vision and Electronic Surveillance Directorate, insufficient cash flow to continue to fund the development and marketing of the Company's products andtechnology; a rejection of the Company's products and technol ogies by the marketplace, and; disputes as to the Company's intellectual property rights. Forward-looking statements are based upon current expectations and projections about future events and are subject to risks, uncertainties, and assumptions about MarklandTechnologies, its products, economic and market factors and the industries in which Markland Technologies does business, among other things. These statements are not guarantees of future performance and Markland Technol ogies has no specific intention to update these statements. More detailed information about those factors is contained in MarklandTechnologies filings with the Securities and Exchange Commission. http://www.sec.gov
Markland Technologies, Inc. is a featured Company on http://www.HomelandDefenseStocks.com, a service for which Markland compensates the provider.
For full details, click here: http://www.HomelandDefenseStocks.com /Companies/MarklandTech/NewsReleases.asp (Due to the length of this URL, it may be necessary to copy and paste this hyperlink into your Internet browser's URL address field.)
Source: dBusinessNews
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