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Universal Guardian Delivers 9th Consecutive Increase in Quarterly Revenue
Universal Guardian Delivers 9th Consecutive Increase in Quarterly Revenue
By: PR Newswire
Nov. 16, 2006 07:25 PM
NEWPORT BEACH, Calif., Nov. 16 /PRNewswire-FirstCall/ -- Universal Guardian Holdings, Inc. (BULLETIN BOARD: UGHO) , an emerging global leader in non-lethal protection products, integrated transportation and global supply chain security systems and strategic security services to protect against terrorist, criminal and security threats to governments and businesses worldwide, announced today that it has delivered its 9th consecutive increase in quarterly revenue for Q3 2006 with revenue of $5,445,961. "We have delivered quarter over quarter revenue growth and expect this to continue as our Company begins to launch a series of new non-lethal products and a global supply chain RFID system." stated Michael Skellern, Universal Guardian's CEO. "We believe these new products and systems will accelerate our Company's revenue growth and deliver a substantial increase in gross profit in 2007," Mr. Skellern added. "Our Q3 2006 financials continue to reflect solid gains in revenue and gross profit," stated Randy Jones, Universal's CFO. "Our third quarter results represent an 88% increase in revenue and 151% increase in gross profit over the same period last year," added Mr. Jones. About Universal Guardian Holdings Universal Guardian Holdings, Inc. (UGHO) and its subsidiaries provide a comprehensive range of security products, systems, and services designed to mitigate terrorist and security threats worldwide. Universal Guardian's global risks mitigation group includes strategic and tactical security services, integrated global supply chain visibility and security systems for government and industry, as well as non-lethal and tactical products for law enforcement, military, professional security and consumer markets. Universal Guardian companies features a wide variety of applications that provide cost- effective, end-to-end solutions and critical security services for government and multi-national businesses from operations on every continent. http://www.universalguardian.com/ Safe Harbor Statement: This news release contains certain forward-looking statements pertaining to future anticipated projected plans, performance and developments, as well as other statements relating to future operations and results. Any statements in this news release that are not statements of historical fact may be considered to be forward-looking statements. Written words such as "may," "will," "expect," "believe," "anticipate," "estimate," "intends," "goal," "objective," "seek," "attempt," or variations of these or similar words, identify forward-looking statements. These statements by their nature are estimates of future results only and involve substantial risks and uncertainties, including those detailed from time to time in Universal Guardian Holdings, Inc.'s reports filed with the Securities and Exchange Commission. There can be no assurance that actual results will not differ materially from expectations. These risks factors include potential customer interest in the sale and delivery of its Total Asset Guardian(TM), SeaPort Guardian(TM), Container Guardian(TM), Explosive Guardian(TM) and SupplyChain Guardian(TM) systems as well as the production and sale of Cobra StunLight(TM) and Riot Defender(TM) and their accessories. Further information is available on the Company's website: http://www.universalguardian.com/ Investor Relations Contact: Investor Relations Universal Guardian Holdings, Inc. 4695 MacArthur Court, Suite 300 Newport Beach, CA USA 92626 + 1 949. 861.8295 ext. 211 Company Contact: Michael J. Skellern, Chief Executive Officer Universal Guardian Holdings, Inc. 4695 MacArthur Court, Suite 300 Newport Beach, CA USA 92626 + 1 949. 861.8295 Universal Guardian Holdings, Inc.
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