Electronic Control Security, Inc. Announces Second Quarter Fiscal 2009 Results
Further, “Gross margins for the six months ended
Mr. Barchenko then stated, “that the selling, general and administrative expenses for the six and three months ended
“We are pleased with the results for this quarter based on the fact that the net loss from operations decreased from
The net loss before deemed dividends related to preferred stock for the six months ended
Ongoing discussions with certain of the holders of the convertible debentures continue in an effort resolve this matter. However, no assurance can be provided that we and the debenture holders will in fact be able to resolve this matter in a manner satisfactory to us.
“During the year ended
A more detailed description of our business, results of operations and financial statements are contained in the Quarterly Report on Form 10-Q filed on
ECSI is recognized as a global leader in perimeter security and an effective quality provider for both the Department of Defense and Homeland Security programs. The Company designs, manufactures and markets physical electronic security systems for high profile, high threat environments. The employment of risk assessment and analysis allows ECSI to determine and address the security needs of government and commercial-industrial installations. The Company has teaming agreements with major system integrators in both
ECSI INTERNATIONAL, INC. SAFE HARBOR STATEMENT:
This press release contains forward-looking statements that involve substantial uncertainties and risks. These forward-looking statements are based upon our current expectations, estimates and projections about our business and our industry and reflect our beliefs and assumptions based upon information available to us at the date of this release. We caution readers that forward-looking statements are predictions based on our current expectations about future events. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict. Our actual results, performance or achievements could differ materially from those expressed or implied by the forward-looking statements as a result of a number of factors, including but not limited to changes in economic conditions generally and in our industry specifically, changes in security technology, legislative or regulatory changes that affect us, the availability of working capital, changes in costs and the availability of goods and services, the introduction of competing products, changes in our operating strategy or development plans, our ability to attract and retain qualified personnel, changes in our acquisition and capital expenditure plans, sufficiency of cash reserves and the risks and uncertainties discussed under the heading “RISK FACTORS” in Item 1 of our Annual Report on Form 10-KSB for the fiscal year ended
SOURCE Electronic Control Security, Inc.