Message #41 From:
NewsBot Date: January 3, 2007 05:30:00 AM
SDGL News Secured Digital Provides Record Financial Guidance for 2007
SADDLE BROOK, N.J.--(BUSINESS WIRE)--Secured Digital Applications, Inc. (OTCBB:SDGL), a global provider of
outsourced business services to U.S. and Malaysian companies, today
forecast record financial results for 2007.
The company said that it expects to achieve revenues for 2007 in the
range of $44.0 to $48.0 million and net income in the range of $1.5 to
$1.8 million. In providing guidance for 2007, the company said it
expects to increase revenue through expanded operations in the United
States, in addition to its core operations in Asia.
Over the past year, the company has worked on streamlining its
operations. This should allow for greater profitability, as well as
enable the company to communicate its story more effectively to
investors. The company’s three business
segments are all expected to be profitable in 2007.
“We look forward to a very productive 2007,
and we are confident in our ability to generate solid financial results
and to execute our expansion plans in the United States,”
commented Patrick Lim, Chairman and Chief Executive Officer of Secured
Digital. “We continue to benefit from a highly
dedicated group of employees and technical partners, while our internal
and external growth trends are all positive. All of these factors make
us confident that we will deliver record results for our shareholders in
2007.”
Mr. Lim further stated, “Having established a
platform for a diverse line of business solutions, we are gaining
traction on the sales front, most notably with our new offerings that
include digital document management solutions for US-based businesses.
We want to be known and understood as a business solutions provider for
both U.S. and Malaysian companies. We are well on our way to achieving
this distinction.”
About Secured Digital Applications, Inc:
Secured Digital Applications, Inc. is a global provider of outsourced
business services in media production, information technology, digital
document management and trade management and consulting. The Company
serves customers in Southeast Asia as well as the United States. The
Company's media production includes content for television, the Internet
and free-standing digital displays, and also designs and installs
on-site multi-media presentations. SDA also develops and implements
solutions for biometric security systems and business process
applications. For more information, please visit www.digitalapps.net,
www.eystar.com, www.sdawmedia.com
and www.chinaseaco.com.
Safe Harbor Statement:
Information contained in this release includes forward-looking
statements and information that is based on beliefs of, and information
currently available to, management, as well as estimates and assumptions
made by management. Forward-looking statements can be identified by the
use of forward-looking terminology such as "believes", "expects", "is
expected", "intends", "may", "will", "should", "anticipates", "plans" or
the negative thereof. These forward looking statements often include
forecasts and projections for future revenue and/or profits and are
subject to revision and are not based on audited results.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors that could cause actual results to vary
materially from historical results or from any future results expressed
or implied in such forward-looking statements. Secured Digital
Applications, Inc. does not undertake to update, revise or correct any
forward-looking statements. Investors are cautioned that current results
are not necessarily indicative of future results, and actual results may
differ from projected amounts. For more complete information concerning
factors that could affect the Company's results, reference is made to
the Company's registration statements, reports and other documents filed
with the Securities and Exchange Commission. Investors should carefully
consider the preceding information before making an investment in the
common stock of the Company.