Universal Guardian Announces Growth and Income ProjectionsUniversal Guardian Holdings, Inc. Press Release
FlashlightNews.org - 5/16/2007
Cobra StunLight maker predicts revenue to nearly double, operating income of over $1 million
Cobra StunLight Kit
NEWPORT BEACH, Ca. - Universal Guardian Holdings, Inc. (OTC Bulletin Board: UGHO), 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, announced today its financial guidance for 2007 with the release of its financial projections.
"We expect to deliver more than $36 million in revenue in 2007 due to new service group contracts and the recent launch of our patented and patent pending products and systems," stated Michael Skellern, Universal Guardian's CEO. "We plan to generate over $1 million in operating income this year. Our new product and systems introductions, gross profit margin improvements, and significant reductions in G&A costs after several years of investment in research and development of products and systems are paying off," continued, Mr. Skellern.
"The launch of Cobra StunLight™ infomercials (www.CobraStunLight.com) and the recent introduction of our ground breaking Total Asset Guardian platform (www.tag3.com) and sales of our RFID systems to government and industry should contribute over $10 million of our planned 2007 revenue of $36 million," stated Kevin Westcott, COO. "Although we are delivering more than $15 million in additional revenue, we plan to eliminate more than $2 million in G&A," added Mr. Westcott.
About Universal Guardian Holdings
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 the company's website at: www.universalguardian.com