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NEW YORK, NY – April 16, 2008 –
Secured Digital Applications, Inc. (OTCBB: SDGL), a provider of mobile
communication, outsourced business and information technology consulting
services, today announced its excellent financial results for the year
ended December 31, 2007.
In its annual report filed with the Securities and Exchange Commission,
the Company said that revenue for 2007 totaled $47.7 million compared
to $36.95 million for 2006, representing a 30% increase. Net income for
2007 was $1,622,621, up 147%, compared to $657,384 for 2006.
“2007 was a very significant year for us when we secured contracts
in the United States and China for the sale of Global Positioning System
and Radio Frequency Identification-enabled applications,” said Patrick
Lim, Chairman and CEO of SDGL. “We expect to generate revenue from
these contracts in the second quarter of 2008. In addition to the Company’s
current offerings, we will also be focusing on the sale of our Bluetooth-enabled
applications for the high growth market in Asia during 2008.”
The Company reported that it had acquired and utilized the source code
for Bluetooth cell management, cell integration and proximity marketing
software in 2007 to develop new compelling applications for the retailing,
logistics and warehousing, telecommunication, transportation, healthcare,
security and manufacturing industries. SDGL is currently in the process
of appointing channel partners in Australia and China to market its value
added Bluetooth-enabled applications.
SDGL will continue to maintain its proactive and aggressive marketing
efforts to ensure the growth and profitability of the Company. SDGL is
reaffirming its previously announced 2008 revenue forecast between $55
- $60 million and net income in the range of $2.5 – $3.5 million.
About Secured Digital Applications, Inc.:
Secured Digital Applications, Inc. is a provider of mobile communication,
outsourced business and information technology consulting services. We
generate revenue through our majority or wholly-owned subsidiary companies
located in the United States and Malaysia. Our business is organized under
two divisions. The first division is involved in multimedia production,
information technology, computing consulting and business process outsourcing
services; sale of smarthome and biometric security solutions. The second
division handles Bluetooth, Global Positioning System (GPS) and Radio
Frequency Identification (RFID) enabled applications. The Company's media
production includes content for television, the Internet and multimedia
presentations. The Company’s current target market for its products
and services include customers from the United States, Asia and Australia.
For more information, please visit www.digitalapps.net,
www.eystar.com
and www.sdawmedia.com.
Information on our websites does not comprise a part of the press release.
Safe Harbor Statement:
Information contained in this press release includes forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of
1995. Forward-looking statements can be identified by the use of forward-looking
terminology such as "believes", "expects", "is
expected", "intends", "may", "will",
"should", "anticipates", "plans" or the
negative thereof. These forward looking statements often include forecasts
and projections for future revenue and/or profits and are subject to revision
and are not based on audited results. Forward-looking statements involve
known and unknown risks, uncertainties and other factors that could cause
actual results to vary materially from historical results or from any
future results expressed or implied in such forward-looking statements.
Such risks and uncertainties include, but are not limited to, economic
downturns, failure to achieve anticipated short- and long-term financial
benefits from our business, failure to achieve market demand and acceptance
for our products and services and failure to generate sufficient capital
or to obtain financing to fund our operations and growth. The Company
does not undertake to update, revise or correct any forward-looking statements.
Investors are cautioned that current results are not necessarily indicative
of future results, and actual results may differ from projected amounts.
For more complete information concerning factors that could affect the
Company's results, reference is made to the Company's registration statements,
reports and other documents filed with the Securities and Exchange Commission.
Contact
Elwayne Hafen
Secured Digital Applications Inc.
(303) 693 0072
ehafen@digitalapps.net
Stephen Jones
Newport Capital Consultants
(972) 712 1039
esjones1@aol.com
is a registered trademark of SDGL's wholly owned subsidiary, DigitalApps
Malaysia. |
Copyright © 2000
Secured Digital Applications, Inc. All Rights Reserved. |
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