Universal Guardian Reports $21.8 Million in Revenues for 2006Universal Guardian Holdings, Inc. Press Release
FlashlightNews.org - 4/04/2007
Tenth Consecutive Quarterly Increase in Revenues; FY 2006 revenues up 54 percent over FY 2005 revenues.
Universal Guardian's Cobra StunLight
NEWPORT BEACH, Ca. - Universal Guardian Holdings, Inc. (OTC Bulletin Board: UGHO - News), an emerging global leader in non-lethal protection products, integrated transportation and global supply chain security systems, and strategic security services to protect against terrorist, criminal, and security threats to governments and businesses worldwide, today filed its annual report on Form 10-K for the fiscal year December 31, 2006 with the Securities and Exchange Commission.
The Company reported $21.8 million in revenue for the fiscal year ended December 2006 versus $14.1 million revenue for fiscal year ended December 2005, representing an increase of 54 percent from 2005. The Company reported total revenues for the quarter ended December 31, 2006 at $5.57 million, representing the tenth consecutive quarterly increase in revenues for the Company and a record revenue quarter. Cash Equivalents (Total Net Cash flow) were a positive $3.456 million for FY2006. The Company reported gross profits of $10.77 million for the fiscal year ended December 2006 and assets at $16.01 million.
"We are very happy with the results of this fiscal year. These results are an indication of the continued direction UGHO is heading. The contributions of our retail division and strong Cobra StunLight(TM) sales reflect that our products are selling well and at strong margins," said, Mike Skellern, CEO of Universal Guardian Holdings, Inc. With the launch of the Cobra StunLight to both consumers and Law Enforcement Professionals as well as the progress we are making with the TagEasy RFID program we expect to dramatically cut expense and head toward profitability in 2007 added Mr. Skellern.
About Universal Guardian Holdings, Inc.
Universal Guardian Holdings, Inc. (UGHO) and its subsidiaries provide a comprehensive range of security 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 global supply chain visibility and security systems for government and industry, as well as non-lethal and tactical products for law enforcement, military, professional security and consumer markets. Universal Guardian companies features a wide variety of applications that provide cost- effective, end-to-end solutions and critical security services for government and multi-national businesses from operations on every continent.
For more information, visit www.universalguardian.com.