Universal Guardian Delivers 95% Revenue Increase
Universal Guardian Holdings, Inc. Press Release
FlashlightNews.org - 05/23/2006
Universal Guardian's
Cobra StunLight™
Now available
from U.S. Cavalry
NEWPORT BEACH, Ca. - Universal Guardian Holdings, Inc. (OTC Bulletin Board: UGHO - News), an emerging global leader in inter-modal transportation security, global supply chain RFID systems, tactical products and security services to protect against business against criminal, terrorist, and security threats, today announced that it has delivered record financial performance with $5.39 million in revenue and significant bottom line improvement for Q1 2006.
"We continue to deliver consistent financial performance with an increase of 95% in revenues to $5.393 million as compared to $2.764 million in the 1st quarter of 2005. Gross profit increased 283% to $3.061 million as compared to $797 thousand in the 1st quarter of 2005. Our continued revenue growth as well our cost of revenue remaining stable coupled with the dramatic increase in gross profit over the last 7 quarters shows our continued advance toward profitability," stated Michael Skellern, CEO of Universal Guardian.
"With more than $20 million in signed contracts already in-hand and the continued acceptance of our new non-lethal products and ground-breaking proprietary asset identification, authentication and monitoring technologies, container tracking and RFID supply chain management systems, we again expect to meet or exceed our public announced revenue projections of $35 Million for FY2006. We also expect to make mid-year guidance announcements regarding 2006 revenue increases, positive cash flow and year-end profitability," continued Mr. Skellern.
About Universal Guardian HoldingsUniversal Guardian Holdings, Inc. (UGHO) and its subsidiaries provide a comprehensive range of 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 and interoperable asset identification, authentication and monitoring systems for government and industry. Universal's non-lethal products include escalating, non-lethal, use-of-force tools for law enforcement, military, security and consumer markets. Universal Guardian companies features a wide variety of applications that provide cost-effective, end-to-end solutions for government and multi-national businesses from operations on every continent. http://www.UniversalGuardian.com
About Universal Guardian Products
Universal Guardian Shield Defense subsidiary develops and produces safe and effective non-lethal products and systems that provide law enforcement, military, professional security and consumers with immediate offensive and defensive use-of-force options in several threat environments. The Cobra StunLight "Stops suspects in their tracks".
http://www.shielddefense.com/
Universal Guardian's Systems Group, ISR Systems Corporation, provides Asset Identification, Authentication and Monitoring platforms for a multitude of government and industry applications worldwide. UG Systems' integrated T/3 Platform™ and RFID Ready system provides secure end-to-end asset monitoring and management with real-time visibility and security for customers, shippers and regulatory agencies. http://www.isrsystems.com/
About Universal Guardian Services GroupUniversal Guardian's Services Group, Secure Risks-SSSI Limited, is a global security services group providing practical risk solutions, tactical security services, and critical infrastructure protection for major governments and multi-national businesses in today's most challenging environments from regional hubs located in the United States, United Kingdom, Europe, South America, Middle East, Africa, Central Asia and Asia Pacific. http://www.securerisks.com/
Further information is available on the Company's website:http://www.universalguardian.com/