The annual report should be out in 2 weeks (4/14/08). The following is a forecast for 2008:
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biz.yahoo.com
Secured Digital Provides Financial Guidance and Business Outlook for 2008
Wednesday January 2, 11:46 am ET
NEW YORK--(BUSINESS WIRE)--Secured Digital Applications, Inc. (OTCBB:SDGL - News), a global provider of business process outsourcing services and systems integrator for Radio Frequency Identification (“RFID”), Global Positioning System (“GPS”), Global System for Mobile Communications (“GSM”), Wireless Local Area Network (“WIFI”) and Bluetooth applications today announced the Company generated revenue of approximately $46.0 million, a 25.5% increase year on year growth over 2006. The growth, based upon the Company’s anticipated unaudited financial results for 2007, is within the estimate provided in the SDGL’s January 3, 2007 press release.
Business Outlook
For fiscal 2008, revenue is expected to be between $55 – 60 million and net income in the range of $2.5 - $3.5 million. In providing guidance for 2008, the Company said it expects to increase revenue through expanded operations in the U.S. and China. 2008’s forecast is based on recurring contracts and orders received in the third and fourth quarter of 2007. The forecast does not include new orders and contracts currently being negotiated with several parties.
SDGL has completed the streamlining of its operations into 3 business segments: multimedia content production, business process outsourcing services; and integrated RFID, GSM, GPS, WIFI and Bluetooth applications (“integrated wireless applications”). SDGL will draw on its experience in brand building, marketing and its networking in the U.S. and China to promote the Company’s integrated wireless applications. RFID, in particular, has emerged as the driver of productivity growth globally, covering all sectors. China is expected to be a major contributor to SDGL’s revenue in 2008.
Corporate Highlight
SDGL has appointed Mr. Elwayne Hafen as its U.S. Business Development Consultant - Country Director effective January 1, 2008. Mr. Hafen brings with him over 28 years experience in the stock broking business. He will be responsible for developing a market for the Company’s products and services in the U.S., identifying and building new business opportunities in both the U.S. and international markets. Such opportunities will include mergers, acquisitions, joint ventures or strategic alliances with organizations that will create synergies, add value and, more importantly, boost SDGL’s durable competitive edge. Mr. Hafen will also be assisting SDGL to organize product and investment road shows.
“We look forward to a very productive 2008 are confident of achieving our targets and successful execution of our expansion plans in the U.S. and China,” said Patrick Lim, Chairman and CEO of SDGL. “Mr. Hafen is expected to play a key role in implementing SDGL’s business plans and further improve on the Company’s visibility in the U.S.” |
