[ALAN] gonna fly
Alanco's Third Quarter Sales up 300%
Nine Months YTD Sales Exceed $15 Million
SCOTTSDALE, Ariz., Apr 23, 2007 (BUSINESS WIRE) --
Alanco Technologies, Inc. (NASDAQ: ALAN) reported today that it expects sales revenues for the third quarter ended March 31, 2007, to exceed $4.4 million, an increase of over 300% versus comparable revenues of $988,000 in the prior year period. Sales revenue for the first nine months of fiscal year ending June 30, 2007 is expected to be approximately $15 million, an increase in excess of $11 million compared to $3.8 million in comparable revenue for the prior year nine months. The record sales results are primarily attributable to the Company's new Wireless Asset Management business segment, created by the acquisition of StarTrak Systems, LLC, ("StarTrak") on June 30, 2006. StarTrak is the world's leading supplier of wireless tracking and subscription asset management services to the refrigerated or "Reefer" segment of the transportation industry, including trailers, containers, and railcars. |
