SEA GIRT, N.J., Nov. 28, 2005 (PRIMEZONE) -- Digital Descriptor Systems, Inc. (DDSI) (Pink Sheets:DDSI) today announced results (un-audited) for its fiscal third quarter, which ended September 30.
Net sales for DDSI, an industry leader in the development of Homeland Security-related products, rose to $1,118,922 -- a 28 percent increase over results for the previous quarter ($875,513). For the nine-month-period which ended September 30, the company's net sales reached $2,143,310.
"For the second consecutive quarter, we've seen a strong increase in our net sales," says Anthony Shupin, CEO of Digital Descriptor Systems. "These very favorable third quarter results clearly indicate the continued effectiveness of business strategies we implemented upon acquiring our subsidiary CGM Applied Security Technologies."
DDSI's acquisition of Somerset County, N.J.-based CGM, a leading manufacturer and distributor of various Homeland Security products, took place in March 2005.
About Digital Descriptor Systems, Inc.
The company, based in New Jersey, develops and markets integrated enterprise-wide image applications specifically designed for criminal justice organizations. Customers include states, cities, counties, corrections, justice and public safety agencies.
Additional information is available online at www.ddsi-cpc.com.
Its subsidiary, CGM Applied Security Technologies, Inc., is a leading manufacturer and distributor of Homeland Security products, including indicative and barrier security seals, security tapes and related packaging security systems, protective security products for palletized cargo, physical security systems for tractors, trailers and containers, as well as a number of highly specialized authentication products.
Under the Private Securities Litigation Act of 1995 -- With the exception of historical information, the matters discussed in this press release are forward-looking statements that involve a number of risks and uncertainties. The actual future results of the Company could differ significantly from those statements. Factors that could cause actual results to differ materially include risks and uncertainties such as the inability to finance the company's operations or expansion, inability to hire and retain qualified personnel, changes in the general economic climate, including rising interest rate and unanticipated events such as terrorist activities. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of such terms, or other comparable terminology. These statements are only predictions. Although we believe that the expectations reflected in the forward-looking statements are reasonable, such statements should not be regarded as a representation by the Company, or any other person, that such forward-looking statements will be achieved. We undertake no duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements. For further risk factors associated with our Company, review our SEC filings.
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