DALLAS, Jan. 11, 2005 (PRIMEZONE) -- TalkingStocks.com has issued an updated profile report on Markland Technologies (OTCBB: MRKL), a producer of next-generation defense and security technologies. The report is authored by Senior Investment Analyst, Jeff Bishop. The new report updates investors on the implications of Markland's latest $2.6 million award from the U.S. Army's Night Vision and Electronic Sensors Directorate (NVESD). This award is the latest installment of an ongoing five year omnibus contract which may provide a maximum ceiling amount of up to $80 million in fiscal year revenues for Markland and over $406 million in revenues over its life. Since July of 2004, Markland has realized over $27 million in sales from this deal.
In the report Mr. Bishop writes, "Since the acquisition of EOIR was completed in June of 2004, this business segment has grown at an annualized rate exceeding 50%. This acquisition has helped the Company realize record revenues. It has strengthened its balance sheet as well helping Markland accrue over $6 million in cash during the last reporting period. This amount may not appear to be large at first glance, but for a growing technology firm, it is very significant. It also represents nearly 15% of the firm's market value just in cash."
He goes on to describe three technology areas that provide revenue from the NVSED contract; 1) Stand-off detection, 2) Suicide Bomber Detection Protocol, and 3) Safety Evaluation Range Training Systems (SERTS).
To view this free report in its entirety, go to:
http://talkingstocks.com/reports/MRKL_011105.php
About Markland Technologies
Markland Technologies, Inc. is committed to setting next-generation standards in defense and security through the provision of innovative emerging technologies 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 technologies 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-use technology 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.
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Forward-Looking Statements
Investors are cautioned that certain statements contained in this document, as well as some statements in periodic press releases and some oral statements of Markland Technologies officials during presentations about Markland Technologies, 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, difficulties integrating our acquisition of EOIR, insufficient cash flow to continue to fund the development and marketing of the Company's products and technology; a rejection of the Company's products and technologies 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 Markland Technologies, 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 Technologies has no specific intention to update these statements. More detailed information about those factors is contained in Markland Technologies filings with the Securities and Exchange Commission.
Disclosure:
As of the date of this release, TalkingStocks.com, LLC, and its affiliate Pentony Enterprises, LLC (StockGuru.com), have been compensated a total of $15,000 by Markland Technologies, Inc. for continuing coverage. Neither TalkingStocks.com, LLC, nor Pentony Enterprises, LLC, are registered investment advisers or broker/dealers. TalkingStocks.com, LLC and Pentony Enterprises, LLC makes no recommendation that the purchase of securities of companies profiled in this website is suitable or advisable for any person or that an investment such securities will be profitable.