NEWS - Another Contract - Company expects record revenue and operating income
Digital Ally Receives $750,000 DVM-750 Order From Existing Statewide Customer
Company Reiterates Expectation of Record Sales and Operating Income for 2010
Press Release Source: Digital Ally, Inc. On Thursday August 26, 2010, 7:28 am
OVERLAND PARK, KS--(Marketwire - 08/26/10) - Digital Ally, Inc. (NASDAQ:DGLY - News), which develops, manufactures and markets advanced video surveillance products for law enforcement, homeland security and commercial security applications, today announced the receipt of the first order for DVM-750 In-Car Digital Video Systems under a statewide contract from the state's Sheriff's Association that represents 59 agencies throughout the state. The value of the order, which should be shipped to the customer in the current quarter, is approximately $750,000.
"We are pleased to announce this significant order under the terms of a statewide contract, which reflects the customer's satisfaction with, and enthusiasm for, our flagship DVM-750 In-Car Digital Video System," stated Stanton E. Ross, Chief Executive Officer of Digital Ally, Inc. "We expect to receive additional orders from other law enforcement agencies in this state between now and the end of the current year.
"As we indicated when announcing second quarter operating results earlier this month, we expect to receive and ship a number of significant orders under statewide contracts and from foreign countries during the second half of 2010," continued Ross. "Our flagship DVM-750 system, with its new features and performance in the field, has continued to expand our 'addressable market' in recent quarters. At the present time, state, county and municipal law enforcement agencies have the ability to purchase our DVM systems under 11 statewide contracts, and we have sales representation in 90 foreign countries. Our 'pipeline' of prospective new business is strong, and we continue to anticipate record sales and operating income for the year ending December 31, 2010." |
