CKYS.028 huge Alert:They made $12 million or .027 per share, and stock is at .028?Should be at 20 PE=.54 stock Imo.
Way undervalue.Also read news company to buy back 5 million shares in the open market.This should be a big runner soon Imo.
(COMTEX) B: CyberKey Solutions, Inc. Reports Over $12 Million in Earnings
B: CyberKey Solutions, Inc. Reports Over $12 Million in Earnings for First Two Q
ST. GEORGE, UT, Jul 28, 2006 (MARKET WIRE via COMTEX) --
CyberKey Solutions, Inc. (PINKSHEETS: CKYS) is pleased to announce
that the Company has reported total Net Income of $12,152,060 for the
first and second quarters of 2006. CyberKey Solutions has posted
their 1st and 2nd Quarter 2006 unaudited financials on the Company's
website, www.cyberkeysolutions.com, and also on www.pinksheets.com.
The Company is currently in the process of auditing their financial
statements and is expecting to file them in the near future.
According to the unaudited financial statements, CyberKey Solutions
total income was $25,050,708.23 which includes the purchase order from
the Department of Homeland Security for 150,000 CyberKey units. The
Company has also been directly marketing and selling their products
through their corporate website, www.cyberkeysolutions.com, and
www.military.com.
CyberKey Solutions posted a Gross Profit of 12,806,298.97 with total
expenses of only $654,238.78 for the first 6 months of 2006. As a
result, CyberKey's Net profit of more than $12 Million yielded an
earnings per share of more than $.027.
"These financial statements are an accurate reflection of the
progress that we have made this year. We continue to exceed
expectations and show the financial community that we are grossly
undervalued at this point in our corporate growth," stated Jim Plant,
CEO of CyberKey Solutions, Inc.
CyberKey Solutions, Inc. reported Total Assets of $19,554,590.98.
The majority of the assets are a result of the $19 Million accounts
receivable from the Department of Homeland Security. CyberKey's Total
Liabilities are $6,617,706. CyberKey recently announced that the
Board of Directors has authorized its officers and directors to buy
up to five million shares of common stock directly from the open
market. The Board's decision was based upon the various events that
have already unfolded and what the Company believes will be happening
in the near future as they continue the fulfillment of the Department
of Homeland Security purchase order.
About CyberKey Solutions, Inc.:
CyberKey Solutions, Inc. recently received a $25 Million Dollar
purchase order from the Department of Homeland Security. CyberKey
Solutions is currently shipping their USB flash drives to the
Department of Homeland Security as well as to all branches of the
U.S. Military. CyberKey Solutions, Inc., based in St. George, Utah,
partners with industry leading manufacturers and distributors to
deliver secure USB drive based solutions to vertical markets and
content owners, service providers and resellers. CyberKey's solutions
solve real world issues in the entertainment, education, government,
military, automotive, financial services and medical industries.
CyberKey Solutions' technologies allow users to securely transfer
large amounts of data, files and applications software from one
electronic device to another while employing a patent pending USB
based Digital Rights Management process. CyberKey's solutions create
new opportunities for existing industries and applications.
For more information, please visit CyberKey's website:
www.cyberkeysolutions.com
Statements contained in this news release, other than those
identifying historical facts, constitute 'forward-looking statements'
within the meaning of Section 21E of the Securities Exchange Act of
1934 and the Safe Harbor provisions as contained in the Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements relating to the Company's future expectations, including
but not limited to revenues and earnings, technology efficacy,
strategies and plans, are subject to safe harbors protection. Actual
company results and performance may be materially different from any
future results, performance, strategies, plans, or achievements that
may be expressed or implied by any such forward-looking statements.
The Company disclaims any obligation to update or revise any
forward-looking statements.
Contact:
Investor Relations
1-866-THE-APPL(E)
cyberkeysolutions.com
SOURCE: CyberKey Solutions, Inc.
cyberkeysolutions.com
Copyright 2006 Market Wire, All rights reserved. |
