To: Sandra who wrote (7750 ) 7/16/1998 3:58:00 PM From: Randall Thomas Respond to of 8798
from tradealert.com on NSSC A float of 2.4 million, a PE of under 20 and a book Value of $7.30 make this story even more interesting. Napco to Enhance Revenues and Expand Product DistributionThrough Contract with GSA AMITYVILLE, N.Y., July 16 /PRNewswire/ -- Napco Security Systems, Inc. (Nasdaq: NSSC), one of the world's leading suppliers of high performance electronic security equipment, has announced that it has been awarded a Multiple Award Schedule Contract by the United States General Services Administration (GSA). With this contract, Napco is able to sell its complete line of Security Systems and Alarm Lock Products to federal purchasers. In addition to the increases in overall revenues that can result from the contract, Napco will also broaden the scope of its product distribution by reaching the extensive and potentially lucrative U.S. Federal market that GSA serves: a market that includes more than 40,000 government, military, legal, Congressional and civilian offices located around the world. Each year, the GSA negotiates contracts that account for approximately $40 billion worth of professional goods and services bought annually from the private sector. GSA will certainly benefit from Napco's exceptional product quality and performance as well as the Company's vast network of GSA dealers who will provide site analysis, design, engineering, system integration, installation, maintenance and training. The GSA has also established an online electronic ordering system on the World Wide Web -- the GSA Advantage. A wide range of Napco's security products will be included on the web site, allowing purchasers to access and purchase Napco products with the click of a mouse. Napco Security Systems, Inc. manufactures and markets a complete line of technologically advanced electronic security systems used in residential, commercial, institutional and industrial installations. The Company's products are distributed worldwide by Napco's growing network of wholesale distributors, alarm central station operators and original equipment manufacturers. Napco security products have earned a reputation for technical excellence, reliability and innovation, poising the Company for complete revenue growth in the rapidly expanding electronic security market -- a market which has increased at a rate of 6.9% annually since 1991 and now exceeds $14 billion. SOURCE Napco Security Systems, Inc. CO: Napco Security Systems, Inc.; United States General Services Administration