Allied Security Innovations Publishes Promising Financial Information
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FARMINGDALE, N.J.--(Business Wire)--
Allied Security Innovations, Inc. ("ASVN-BB"), manufacturers of security
products, announced that it has filed form 10QSB with the Securities and
Exchange Commission.
In discussions with analysts, the company reports that it has crossed an
important plateau and is now cash positive. Quarter over quarter (2008/2009),
revenues are up 14.5% to $1,138,882. Management reports that health measurement
indicators are all positive. Operating expenses are down 11.4%, Gross Profits
are up 5.6% and income has gone from a $76,000 loss to a $41,000 profit.
"This is all good," reports CEO Tony Shupin. "Our business model is working, our
sales are growing in spite of a bleak economy and we continue to produce new and
creative products geared for the Homeland Security, Border Patrol, Customs and
Transportation Industries. The Company is headed for a breakthrough year. We
continue to be an Industry leader in supply chain security."
About Allied Security Innovations Inc.
Allied Security Innovations, Inc, (ASI) provides homeland security products and
proprietary criminal justice software to over 3,000 clients worldwide. It is
composed of the original DDSI Company, a public company since 1995, and its
wholly owned subsidiary, CGM-Applied Security Technologies, Inc., (established
in 1978). With manufacturing in Staten Island, NY, ASI is a leading manufacturer
and distributor of Homeland Security products, including indicative and barrier
security seals, security tapes and related packaging security systems,
protective security products for palletized cargo, physical security systems for
tractors, trailers and containers, as well as a number of highly specialized
authentication products.
Allied Security Innovations. Inc. is a fully reporting company whose stock
trades on the Pink Sheets under the symbol "ASVN". For information contact
Investor Relations 1-800-899-2246 or www.cgm-ast.com.
This Press Release contains or incorporates by reference "forward looking
statements including certain information with respect to plans and strategies of
Allied Security Innovations, Inc. For this purpose, any statements contained
herein or incorporated herein by references that are not statements of
historical fact may be deemed forward looking statements. Without limiting the
foregoing, the words "believes", "suggests", "anticipates", "plans", "expects",
and similar expressions are intended to identify forward looking statements.
There are a number of events or actual results of Allied Security Innovations,
Inc. operations that could differ materially from those indicated by such
forward looking statements.
Allied Security Innovations, Inc.
Anthony R. Shupin, 866-263-0682
tshupin@cgm-ast.com
or
www.cgm-ast.com
Copyright Business Wire 2009
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