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To: GARY P GROBBEL who wrote (3573)	1/9/2002 5:19:50 PM
From: GARY P GROBBEL	Respond to of 120405

SCLD had its best one day vol in over 2 months today...231,000. Price action was steady all day. There is nothing overhead except room to go higher on the chart...put it up and take a look. In talking with the company yest they are holding firm to this prelim outlook: (COMTEX) B: SteelCloud Announces Strong Preliminary Earnings; Annual Ear B: SteelCloud Announces Strong Preliminary Earnings; Annual Earnings Increase 650% DULLES, Va., Nov 13, 2001 /PRNewswire via COMTEX/ -- SteelCloud, Inc. (Nasdaq: SCLD), a leader in the development of turnkey network appliance solutions, today announced that it expects to report its eighth straight profitable quarter for its fourth quarter ending October 31, 2001. Quarterly revenue is expected to be between $8.4 and $8.7 million, approximately a 17% increase over the $7.2 million reported in its third quarter ended July 31, 2001. Full year Fiscal 2001 earnings are projected to be in the range of $.15 to $.17 per share, approximately a 650% increase over the $.02 per share earnings reported in FY00. The FY01 earnings estimate includes a one-time non-P&L gain of approximately $.05 per share involving the full redemption of the Company's Series A Convertible Preferred Stock in August. "As we continue to execute our business plan and achieve solid financial results, we believe that our stock will attain a traditional market valuation for companies in our sector," commented Thomas Dunne, Chairman and Chief Executive Officer of SteelCloud. "Over the past two months, SteelCloud has seen increasing demand in its OEM appliance business, especially from the network security sector. Naturally, our visibility for the full fiscal year 2002 is limited at this time; however, we do expect business to be strong during our first fiscal quarter ending January 31, 2002. I am encouraged by our increased proposal activity and significant backlog of product orders as we begin our new fiscal year." Revenue from SteelCloud's primary line of business, OEM server appliances, grew by 150% this fiscal year as compared to FY2000. The Company anticipates that growth in its OEM appliance business will exceed 50% in FY2002. SteelCloud will file its annual audited 10K report to the SEC in January of 2002. About SteelCloud SteelCloud is a leading provider of turnkey server appliances to software companies and organizations that develop, implement, and support e-business infrastructure solutions. The company continues to build on its solid 14-year history, delivering over 20,000 complex server solutions to major corporate and public sector enterprises, including some of the world's largest software and IT companies. SteelCloud's comprehensive engineering, product development, and support infrastructure provides a unique capability for rapidly developing cost effective, high performance customer-centric network appliances. SteelCloud can be reached at 703-450-0400. Additional information is available at steelcloud.com or by e-mail at ir@steelcloud.com. "Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, all of the statements, expectations and assumptions contained in the foregoing are forward looking statements that involve a number of risks and uncertainties. It is possible that the assumptions made by management are not necessarily the most likely and may not materialize. In addition, other important factors that could cause actual results to differ materially include the following: business conditions and the amount of growth in the computer industry and general economy; competitive factors; ability to attract and retain personnel, including key sales and management personnel; the price of the Company's stock; and the risk factors set forth from time to time in the Company's SEC reports, including but not limited to its annual report on Form 10-K and its quarterly reports on Forms 10-Q; and any reports on Form 8-K. SteelCloud takes no obligation to update or correct forward-looking statements. MAKE YOUR OPINION COUNT - Click Here tbutton.prnewswire.com SOURCE SteelCloud, Inc. CONTACT: Brian Hajost of SteelCloud, Inc. +1-703-450-0400 ext. 5240, o info@steelcloud.com URL: steelcloud.com prnewswire.com Copyright (C) 2001 PR Newswire. All rights reserved. -0-