Mikros Systems Retains Darrow Associates for Investor Relations
PRINCETON, N.J., March 13, 2012 /PRNewswire/ — Mikros Systems Corporation (OTCBB: MKRS) today announced that it has retained Darrow Associates, Inc. for a comprehensive investor relations program. Darrow Associates is a boutique agency serving growing small-cap companies and has considerable experience in the aerospace and defense industry.
“Given our Company’s outlook for 2012 and beyond, we believe that a firm such as Darrow Associates can assist in meeting our strategic objectives, including communicating effectively with our shareholders,” said Tom Meaney, Mikros President and CEO. “Mikros has a strong reputation for delivering quality technical products that improve our customer’s mission-readiness, and we are bidding on a number of new opportunities that are expected to result in improved growth going forward. Given what we view as a compelling investment story, we look forward to working with the Darrow team to enhance our investor relations during this exciting time in our company’s history.”
Mikros Systems is expected to report 2011 financial results on March 30, 2012.
About Darrow Associates
Darrow Associates is a boutique investor relations and financial communications consultancy based in New York that serves the needs of select small-capitalization companies. Strategic programs are implemented by seasoned professionals focused on attaining results primarily for companies in growth sectors of the economy. Darrow Associates has significant experience consulting for companies within the technology, telecommunications, media, business services, alternative energy, healthcare, industrial, and aerospace & defense markets. Additional information on the firm is available at www.darrowir.com.
Mikros Systems Corporation is an advanced technology company specializing in the research and development of electronic systems technology, primarily for military applications. Classified by the U.S. Department of Defense as a small business, its capabilities include technology management, electronic systems engineering and integration, radar systems engineering, combat/command, control, communications, computers and intelligence systems engineering, and communications engineering. Mikros’ primary business is to pursue and obtain contracts from the Department of Homeland Security, U.S. Navy, and other governmental authorities. For more information on Mikros visit: www.mikrossystems.com.
Important Information about Forward-Looking Statements: All statements in this news release other than statements of historical facts are forward-looking statements which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as “anticipates,” “believes,” “could,” “expects,” “intends,” “may,” “should” and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. Such statements are not guarantees of future performance or events and are subject to known and unknown risks and uncertainties that could cause the Company’s actual results, events or financial positions to differ materially from those included within the forward-looking statements. Such factors include, but are not limited to, changes in business conditions, a decline or redirection of the U.S. Defense budget, the failure of Congress to approve a budget or a continuing resolution, the termination of any contracts with the U.S. Government, changes in our sales strategy and product development plans, changes in the marketplace, continued services of our executive management team, our limited marketing experience, competition between us and other companies seeking SBIR grants, competitive pricing pressures, market acceptance of our products under development, delays in the development of products, statements of assumption underlying any of the foregoing, and other factors disclosed in our annual report on Form 10-K for the year ended December 31, 2010 and other filings with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Except as required by law, we undertake no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date hereof.
SOURCE Mikros Systems Corporation