Kenneth, I think it might be time to look at ictsf again. I've been watching it the last couple days since their very positive press release..No trades for half the day then boom, block trades start flying..I jumped in at 4 1/16 and added at 4 1/4. In light of the current environment..this stock may start to move.
ICTS Announces New Contracts in Excess of $10
Million
AMSTELVEEN, The Netherlands, March 22 /PRNewswire/ -- ICTS International N.V. (Nasdaq: ICTSF - news), a leading
provider of advanced aviation security, today announced it has won three new contracts for aviation services in the United
States through its Huntleigh-ICTS subsidiary. These contracts will result in over $10 million in annual revenues. The agreements
are with major US carriers at three international gateways in the United States.
Huntleigh is a major provider of aviation services in the United States and operates in approximately 45 US airports (including
substantially all the international aviation gateways in the USA) with more than 4,000 employees and had 1998 revenues in
excess of $40 million. As previously announced, ICTS has acquired 80% of Huntleigh in a deal which was closed in January
1999.
Lior Zouker, President and CEO of ICTS said, ''We are very pleased to see such significant results so soon after our
acquisition of Huntleigh. These contracts represent 25 percent growth in revenue over last year. We see this as a clear indication
of the strength of the merger between Huntleigh and ICTS and an indication of how we will be able to grow. For the first time in
our history, we expect to earn revenues in excess of $100 million in 1999.''
''Through our excellent relationships with the major airline carriers, we will have many opportunities in the United States as well
as abroad to expand our services. We are focusing on providing additional features and services to our clients as well as
security. We continue in our marketing efforts together with the Huntleigh's management and hope to win more contracts in
upcoming months.''
ICTS International N.V. is a leading provider of advanced aviation services. ICTS and Huntleigh operate primarily in Europe
and the US, providing a variety of services to major US and European carriers. ICTS also is engaged in security consulting,
design, training and auditing for airlines and airports as well as other security services. |
