Investorideas.com - Defense Stocks; United Protection Security Group Inc. (TSX-V: UZZ) - Q2 RESULTS
Defense Stocks; United Protection Security Group Inc. (TSX-V: UZZ) - Q2 RESULTS
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EDMONTON - August 31, 2010 (www.Investorideas.com newswire) - S.Jorstad, Chairman and Chief Executive Officer of United Protection Security Group Inc. (UPSG or the Company), (TSX-V:UZZ) announces that the Company has released its interim financial and operating results for the second quarter ended June 30, 2010.
S.Jorstad stated, "As we expected, we continue to regain profitability during Q2 following the unusual weakness of the 2009 results. Revitalizing the British Columbia business unit is our most important priority and we made solid progress executing a business improvement plan that includes improving pricing, capturing significant cost improvements and developing a marketing strategy to increase market share. Meanwhile, we are reaping the rewards from having a diversified customer portfolio as our electronic security division in Q2 delivered the same profit level as Q1-2010. Results this year are from organic growth only as no revenue stream have been realized from the acquisition of NoGo NoTow franchising relationship as it is still in the pilot project marketing phase. Several key relationships have been established and I expect promising results in the future from this acquisition."
S.Jorstad further stated, "Negotiations that occurred in Q2 resulted in the news release of July 12, 2010 with respect to the $5,000,000 equity line facility arranged through Dutchess Capital Management. As announced, this facility will give the Company access to capital for strategic expansion initiatives as well as expansion of existing business segments. Management believes that this is a significant event towards the overall objective of strengthening the Company's long term financial position and aggressive growth strategies."
F.Ramsoondar, Chief Financial Officer reports on Q2- 2010 Financial Summary:
Revenue for the quarter amounted to $8,537,267, compared to $7,099,273 for the same quarter last year, an increase of $1,437,994 or 20.26%. Revenue for the six month period ended June 30, 2010 amounted to $17,350,443 compared to $14,860,396 for the same period last year, an increase of $2,490,047 or 16.76%.
Gross profit for the quarter amounted to $1,945,960 (22.79% of revenue), compared with $1,201,732 (16.93% of revenue) for the same period last year, an increase of $744,228. Gross profit for the six month period ended June 30, 2010 amounted to $4,006,853 compared to $2,887,175 for the same period last year, an increase of $1,119,678 or 38.78%.
Operating expenses totalled $1,715,709 for the period, compared with $1,613,889 for the same period last year, an increase of $101,820 or 6.31%. Operating expenses for the six month period ended June 30, 2010 amounted to $3,450,565 compared with $3,531,667 for the same period last year, a decrease of $81,102 or 2.35%.
EBIITDAS totalled $400,591 (4.69% of revenue) for the period, compared to negative EBIITDAS of $(246,358) for the same period last year, an increase of $646,949. EBIITDAS for the six month period ended June 30, 2010 amounted to $888,618 compared to $67,468 for the same period last year, an increase of $821,150 or 1,217.10%.
Net income for the period totalled $198,251, ($0.003 basic and diluted earnings per share); compared with net loss of $(376,980) ($(0.006) basic and diluted loss per share) for the same period last year, an increase of $575,231. Net income for the six month period ended June 30, 2010 totalled $524,288 ($0.01 basic and diluted earnings per share) compared to net loss of $(650,612) ($(0.01) basic and diluted loss per share) for the same period last year, an increase of $1,174,900.
In addition to using financial measures prescribed by CGAAP, certain non-CGAAP measures are also used by the Company. These non-GAAP measures are EBIITDA and EBIITDAS. References in this press release to EBIITDA are to net income before interest, impairment, taxes, depreciation and amortization. References in this press release to EBIITDAS are to net income before interest, impairment, taxes, depreciation, amortization and stock-based compensation.
Stock Awareness Activities
To find out more about United Protection Security Group Inc. (TSX-V:UZZ), visit our website at www.unitedprotection.com. To join the 'request for information', go to the web page www.unitedprotection.com and click the tab 'request information' and follow the prompts. You may also email Investor Relations at: iruzz@unitedprotection.com.
Statements in this press release other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, are forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company's business, including risks related to business development and retention, and risks related to the current economic and credit conditions. As a result, actual results may vary materially from those described in the forward-looking statements.
The TSX Venture Exchange has neither approved nor disapproved the information contained herein.
For further information
For additional investor and media relations inquiries contact: Fredy Ramsoondar, CFO, Executive Vice President, and Director, Email: fredy.ramsoondar@unitedprotection.com, Tel: 780-465-8101
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Tuesday, August 31, 2010
Wednesday, August 11, 2010
Opportunity and Risk in the Aerospace & Defense Sector
Opportunity and Risk in the Aerospace & Defense Sector
August 11 2010 – (www.HomelandDefenseStocks.com), a leading global investor and industry portal for the defense and security sector, within www.Investorideas.com, provides defense investors with sector commentary from Scott Sacknoff, manager of the SPADE® Defense Index.
Opportunity and Risk in the Aerospace & Defense Sector
A short summary of the defense policy, the budget & investing.
by Scott Sacknoff, SPADE Defense Index
Read more from the Spade Defense Index:
http://www.homelanddefensestocks.com/Content_Partners/SI/Default.asp
#1: The Defense Budget is Going Down
Really? The media seems to focus on this but its not a real surprise to anyone who works in the sector, analyzes the sector, works in the government, or in Congress. Defense stocks are off 28% from its all-time highs having declined with the market decline of 2008/2009 and rebounding to the current level. In spite of the fear of a forthcoming budget contraction, many of the largest defense firms in the most recent quarterly reporting period posted revenues, earnings, and margins that beat analyst expectation, the sector remains tethered to the path of the S&P 500. The irony is that the defense budget has not yet declined and company's operating in the sector have yet to be impacted from what everyone expects will happen at some point.
Still, it is highly likely that the defense budget will not increase over the next several years due to the economic and budget situation facing the United States and the need to get our national debt and deficit under control. And it is highly likely that the budget devoted to defense activities will be smaller than we see today especially if the country does pull out of Iraq and Afghanistan within the next year and a half. That said, there are still some that maintain that the impact on the defense sector will be much less than many foresee because of the unwillingness of Congress, historically, to challenge what is and what is not needed in the defense sector. An article which appears in the Volume 17 #3 issue of 'Quest: The History of Spaceflight' goes into great detail the problems and issues that President Eisenhower faced trying to balance the budget while maintaining a strong defense sector. He feared that when a retired General was not in the White House it would be easy for the President and Congress to succumb to the advice of military personnel on what was truly needed to maintain a defense to protect the U.S. and it was usually much more than they actually needed. Reading the article it was remarkable how similar the situation is today. Yet, although the budget is tremendously important to the sector, today it is not the only factor one must consider.
#2 What May or May Not Happen
To head off any possible outside action, Secretary Gates and the Department of Defense have begun efforts to identify systematic waste and institute cost reduction measures. The hope is to keep the budget at or about the currently planned levels and use savings from efficiency measures for procurement and R&D. This would be a net positive to companies operating in the sector. War funding included, U.S. military spending in FY10 will approach $661B. The Defense Business Board estimates at least $200B ($1T over the Future Years Defense Plan) is overhead which would rank the agency 49th globally in GDP just behind Singapore and Portugal. A number of measures are being proposed including shutting the U.S. Joint Forces Command, freezing hiring (at the Office of Secretary of Defense, all Joint Staff directorates, and Combatant commands), eliminating redundant functions, reducing the DoD civilian workforce, and changing the rotation policy (which currently costs about $4 billion annually to move personnel from site to site). In addition, some personnel policy changes such as changing the way pay raises are calculated, raising DoD’s Tricare health care premiums, shifting retirees to the Medicare health system at age 65 (health care costs DoD $50 billion annually and is growing), and reducing the active force to levels seen earlier in the decade in 2003 are estimated to save the agency billions. In the immediate term, Sec. Gates is seeking to free up $101 billion over five years with each service freeing up $2 billion in 2012 and each DoD agency $1 billion. In 2013, the services ramp up to $3 billion with a peak of $10 billion in 2016.
#3: It’s easy to knock defense stocks but is there hidden value.
If Congress allows DoD to get its house in order the impact on companies operating in the defense sector might not be impacted as badly as some foresee. The share price of many defense stocks are already well off their all-time highs and fundamentals indicate some very strong companies maintaining substantial cash reserves
and low P/E, low P/S, and other favorable metrics.
Exports
Defense sector export revenues in 2009 were $38.1 billion and have been rising for the past several years. Countries in the Asia-Pacific region and the Middle-East were not hit as hard during the recent global economic downturn and remain committed to building up their defense capabilities. As an example Qatar has issued an RFP to acquire up to 40 fighter jets, Canada, announced plans to purchase 65 F-35 Lightning II fighter jets to replace some of its F/A-18 at a cost estimated to be around $400 million. South Korea set its 3rd phase fighter acquisition competition for 2012 where they anticipate acquiring another 40-60 planes by 2020 to bolster the 120 Boeing F- 15K aircraft they have already bought. And the 19 July 2010 Defense
News cited that the Asian market for the F-35 aircraft ($60M - $90M each) could be for more than 500 fighters over the next two decades. And Sikorsky (United Technologies) said it plans to double its international helicopter sales to about $2 billion a year by 2014.
European Economic Issues
Meanwhile economic and budget problems in Europe could be a net positive for the U.S. defense sector as resources are committed to debt reduction and the acquisition of U.S.-built equipment becomes cheaper than maintaining an indigenous capability. For example, in the United Kingdom, spending on research and technology has declined by 25% to 439 million pounds ($676 M) since 2007 and defense spending
cuts of 10%-20% are considered likely. Capabilities will either suffer or they will be supplemented by buying hardware from their allies.
Increased Commercial and Related Activity
Analysts see the commercial aerospace sector as beginning an upswing that will take it through much of the next decade as airlines around the world upgrade their fleets. Boeing (NYSE: BA) has indicated that it is fully booked beyond the middle of the decade and is increasing manufacturing to meet demand—and this is before the order cycle uptick from U.S. carriers which have delayed purchases because they suffered financially in recent years. At the Farnborough Air Show in July, $47 billion worth of contracts was announced, most of it commercial. Next year at the Paris Air Show (the show rotates sites), this figure should be much higher as government's get a handle on their budget situations and government-focused contracts are announced alongside the commercial activity.
Restructuring Operations
Defense companies have known that a peak in defense spending was coming and have been preparing for some time. Many have substantial cash on their balance sheets which will allow them to continue to shift into markets that they deem as faster growing. A leaner defense landscape will lead to an uptick in Mergers and Acquisitions. Boeing on 4Aug10 completed their $775 million acquisition of Argon ST and the private equity acquisition of DynCorp closed on 7July10. Meanwhile Northrop Grumman (NYSE: NOC) announced it was exiting its shipbuilding business which they see has "little synergy between this and their other businesses". And European aerospace and defense firm, EADS, announced that it plans to expand in the U.S. and has an estimated 8 billion euros ($10.3 Billion) to spend on an acquisition.
Our Destabilized World
The recent failed assassination attempt of the Iranian president and North Korea's capturing another South Korean vessel reveal that our view on safety can change quickly. At this time there are several dozen ongoing armed conflicts around the world that could remain at current activity or escalate at any time. What we are willing to spend in the aftermath of a terrorist or warlike act can quickly shift our spending priorities.
#4 So, what's the downside?
Although the actual impact on a company's revenue from changes in the government budget may not be felt for several quarters (due to the length of time between when the budget process begins and money becomes available to procure items or research), the announcement itself tends to move stocks in the sector. Negative news and rumors can drive stocks in the sector lower even when no action takes place. At this point it time it is not clearly known what role Congress will take in reducing defense spending and what it will allow the Pentagon to do. All signs point to the fact that the Pentagon's efforts to restructure its operations are being met positively by many members of Congress and the money it frees up will be used to rebuild its capabilities, supporting the sector as a whole. However, changes can and will impact specific programs as well as the companies working on them. As an example, companies receiving significant revenues from war-time operations are likely to see declines as the U.S. pulls out of Iraq and Afghanistan once additional acquisitions to replace spent materials and build-up capabilities is accomplished. Although most of the companies that trade on the stock exchanges are much less exposed to the war effort than the public would imagine, it is likely they would be negatively impacted in the short term before share prices rebound. Likewise larger companies are more diversified among programs, agencies, and customers, and hence more immune to individual wins and loses but are susceptible to greater impact when large shifts occur.
#5 So an ETF or Individual Company?
In this environment, picking an individual stock to play the sector can be more risky than investing in a fund or a fund as part of a larger strategy. The defense sector has always had its own nuances, such as companies not being able to provide details on classified sector contracts, a budget which has been estimated by the Washington Post to be $75 billion. With all the conversations about what and how DoD will restructure and how large its budget will be in coming years, the opportunities that the sector presents (which have included beating by better than 100% or tracking the market for more than a decade and with current valuations representing a business decline that has not yet appeared) is definitely offset by the risk of these new unknowns. Recent movements in some individual stocks can be dramatic and highlight the risks. After the resignation of the president and COO of Mantech (NASDAQ: MANT) for undisclosed reason, their stock decline by 18% in 2Q10 and was downgraded from buy to hold by BB&T analyst Mike Lewis. Comtech (NASDQ: CMTL) dropped 38% after losing an incumbent contract to Viasat (NASDAQ: VSAT). Meanwhile as I type this, satellite imagery firm DigitalGlobe (NYSE: DGI) is up 14% today after receiving a multi-billion contract. The benchmark SPADE Defense Index (NYSE: DXS), provides a useful measure to see how the individual companies stand up to the performance of the sector as a whole. As the underlying index to the Powershares Aerospace & Defense ETF (NYSE: PPA), it covers the breadth of the sector's activities, not a concentrated portion of it and represents firms whose activities are vital to the sector and vital to their companies operations.
With A&D representing 5% of U.S. GDP and the sector underweighted by the S&P500, investors should include the sector as a core element of their portfolio. At this time, the ETF appear to be less volatile, more diversified means to get that exposure.
Disclosure: Scott Sacknoff it’s the manager of the SPADE Defense Index, the underlying index for the Powershares Aerospace & Defense ETF (NYSE: PPA)
About the SPADE Defense Index
More info and previous interviews:
http://www.homelanddefensestocks.com/Content_Partners/SI/Default.asp
The SPADE Defense Index® (AMEX: DXS) is a modified capitalization-weighted index comprised of publicly traded companies that benchmarks the performance of companies involved with the defense, homeland security, and space marketplace.
The SPADE Defense Index has been developed to be used by investors, financial professionals, trade analysts, and media as a benchmark for publicly traded stocks involved in these business sectors. The Index can be used as the basis for a range of financial instruments including options and other derivatives, exchange traded funds, and conventional mutual funds.
For more information: http://www.spadeindex.com/
Disclaimers: The information presented in this interview is for informational purposes and should not represent a solicitation or an offer to purchase an investment product. SPADE and the SPADE Defense Index are registered trademarks of the ISBC.
About Homelanddefensestocks.com- HomelandDefenseStocks.com Portal is a global meeting place for investors and industry following defense and security, within Investorideas.com. Global visitors use the site daily to research the latest news, articles, audio, research reports and stock directories. Research defense stocks with the Homeland Defense and Security stocks directory. Global Defense and Homeland Security Stocks Directory features publicly traded defense stocks listed on the TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading global Stock Exchanges. The directory, in PDF format, includes Homeland Security Stocks, Aerospace and Defense Stocks, Biodefense Stocks, Security Stocks, Energy Security Stocks and Infrastructure Stocks with hyperlinks to stocks symbol(s), company's URL and company's description. For defense stocks followers, this is one of the most comprehensive global stock directories available to investors. Or Become an InvestorIdeas.com member and access all of our 11 stock directories by login. -Learn more: http://www.investorideas.com/membership/
Join our Campaign for 2010- One million members stronger…
Free Defense Stocks Newsletter Sign-up:
http://www.twotigersonline.com/newsletter.html
About InvestorIdeas.com:
InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, the Middle East and Australia.
InvestorIdeas.com Disclaimer: www.InvestorIdeas.com/About/Disclaimer.asp
Our sites do not make recommendations, but offer information portals to investors to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of any information presented. All information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is compensated by featured companies, news submissions and online advertising.
For more information contact Investor Ideas :
Dawn Van Zant 800.665.0411
Email: dvanzant@HomelandDefenseStocks.com
August 11 2010 – (www.HomelandDefenseStocks.com), a leading global investor and industry portal for the defense and security sector, within www.Investorideas.com, provides defense investors with sector commentary from Scott Sacknoff, manager of the SPADE® Defense Index.
Opportunity and Risk in the Aerospace & Defense Sector
A short summary of the defense policy, the budget & investing.
by Scott Sacknoff, SPADE Defense Index
Read more from the Spade Defense Index:
http://www.homelanddefensestocks.com/Content_Partners/SI/Default.asp
#1: The Defense Budget is Going Down
Really? The media seems to focus on this but its not a real surprise to anyone who works in the sector, analyzes the sector, works in the government, or in Congress. Defense stocks are off 28% from its all-time highs having declined with the market decline of 2008/2009 and rebounding to the current level. In spite of the fear of a forthcoming budget contraction, many of the largest defense firms in the most recent quarterly reporting period posted revenues, earnings, and margins that beat analyst expectation, the sector remains tethered to the path of the S&P 500. The irony is that the defense budget has not yet declined and company's operating in the sector have yet to be impacted from what everyone expects will happen at some point.
Still, it is highly likely that the defense budget will not increase over the next several years due to the economic and budget situation facing the United States and the need to get our national debt and deficit under control. And it is highly likely that the budget devoted to defense activities will be smaller than we see today especially if the country does pull out of Iraq and Afghanistan within the next year and a half. That said, there are still some that maintain that the impact on the defense sector will be much less than many foresee because of the unwillingness of Congress, historically, to challenge what is and what is not needed in the defense sector. An article which appears in the Volume 17 #3 issue of 'Quest: The History of Spaceflight' goes into great detail the problems and issues that President Eisenhower faced trying to balance the budget while maintaining a strong defense sector. He feared that when a retired General was not in the White House it would be easy for the President and Congress to succumb to the advice of military personnel on what was truly needed to maintain a defense to protect the U.S. and it was usually much more than they actually needed. Reading the article it was remarkable how similar the situation is today. Yet, although the budget is tremendously important to the sector, today it is not the only factor one must consider.
#2 What May or May Not Happen
To head off any possible outside action, Secretary Gates and the Department of Defense have begun efforts to identify systematic waste and institute cost reduction measures. The hope is to keep the budget at or about the currently planned levels and use savings from efficiency measures for procurement and R&D. This would be a net positive to companies operating in the sector. War funding included, U.S. military spending in FY10 will approach $661B. The Defense Business Board estimates at least $200B ($1T over the Future Years Defense Plan) is overhead which would rank the agency 49th globally in GDP just behind Singapore and Portugal. A number of measures are being proposed including shutting the U.S. Joint Forces Command, freezing hiring (at the Office of Secretary of Defense, all Joint Staff directorates, and Combatant commands), eliminating redundant functions, reducing the DoD civilian workforce, and changing the rotation policy (which currently costs about $4 billion annually to move personnel from site to site). In addition, some personnel policy changes such as changing the way pay raises are calculated, raising DoD’s Tricare health care premiums, shifting retirees to the Medicare health system at age 65 (health care costs DoD $50 billion annually and is growing), and reducing the active force to levels seen earlier in the decade in 2003 are estimated to save the agency billions. In the immediate term, Sec. Gates is seeking to free up $101 billion over five years with each service freeing up $2 billion in 2012 and each DoD agency $1 billion. In 2013, the services ramp up to $3 billion with a peak of $10 billion in 2016.
#3: It’s easy to knock defense stocks but is there hidden value.
If Congress allows DoD to get its house in order the impact on companies operating in the defense sector might not be impacted as badly as some foresee. The share price of many defense stocks are already well off their all-time highs and fundamentals indicate some very strong companies maintaining substantial cash reserves
and low P/E, low P/S, and other favorable metrics.
Exports
Defense sector export revenues in 2009 were $38.1 billion and have been rising for the past several years. Countries in the Asia-Pacific region and the Middle-East were not hit as hard during the recent global economic downturn and remain committed to building up their defense capabilities. As an example Qatar has issued an RFP to acquire up to 40 fighter jets, Canada, announced plans to purchase 65 F-35 Lightning II fighter jets to replace some of its F/A-18 at a cost estimated to be around $400 million. South Korea set its 3rd phase fighter acquisition competition for 2012 where they anticipate acquiring another 40-60 planes by 2020 to bolster the 120 Boeing F- 15K aircraft they have already bought. And the 19 July 2010 Defense
News cited that the Asian market for the F-35 aircraft ($60M - $90M each) could be for more than 500 fighters over the next two decades. And Sikorsky (United Technologies) said it plans to double its international helicopter sales to about $2 billion a year by 2014.
European Economic Issues
Meanwhile economic and budget problems in Europe could be a net positive for the U.S. defense sector as resources are committed to debt reduction and the acquisition of U.S.-built equipment becomes cheaper than maintaining an indigenous capability. For example, in the United Kingdom, spending on research and technology has declined by 25% to 439 million pounds ($676 M) since 2007 and defense spending
cuts of 10%-20% are considered likely. Capabilities will either suffer or they will be supplemented by buying hardware from their allies.
Increased Commercial and Related Activity
Analysts see the commercial aerospace sector as beginning an upswing that will take it through much of the next decade as airlines around the world upgrade their fleets. Boeing (NYSE: BA) has indicated that it is fully booked beyond the middle of the decade and is increasing manufacturing to meet demand—and this is before the order cycle uptick from U.S. carriers which have delayed purchases because they suffered financially in recent years. At the Farnborough Air Show in July, $47 billion worth of contracts was announced, most of it commercial. Next year at the Paris Air Show (the show rotates sites), this figure should be much higher as government's get a handle on their budget situations and government-focused contracts are announced alongside the commercial activity.
Restructuring Operations
Defense companies have known that a peak in defense spending was coming and have been preparing for some time. Many have substantial cash on their balance sheets which will allow them to continue to shift into markets that they deem as faster growing. A leaner defense landscape will lead to an uptick in Mergers and Acquisitions. Boeing on 4Aug10 completed their $775 million acquisition of Argon ST and the private equity acquisition of DynCorp closed on 7July10. Meanwhile Northrop Grumman (NYSE: NOC) announced it was exiting its shipbuilding business which they see has "little synergy between this and their other businesses". And European aerospace and defense firm, EADS, announced that it plans to expand in the U.S. and has an estimated 8 billion euros ($10.3 Billion) to spend on an acquisition.
Our Destabilized World
The recent failed assassination attempt of the Iranian president and North Korea's capturing another South Korean vessel reveal that our view on safety can change quickly. At this time there are several dozen ongoing armed conflicts around the world that could remain at current activity or escalate at any time. What we are willing to spend in the aftermath of a terrorist or warlike act can quickly shift our spending priorities.
#4 So, what's the downside?
Although the actual impact on a company's revenue from changes in the government budget may not be felt for several quarters (due to the length of time between when the budget process begins and money becomes available to procure items or research), the announcement itself tends to move stocks in the sector. Negative news and rumors can drive stocks in the sector lower even when no action takes place. At this point it time it is not clearly known what role Congress will take in reducing defense spending and what it will allow the Pentagon to do. All signs point to the fact that the Pentagon's efforts to restructure its operations are being met positively by many members of Congress and the money it frees up will be used to rebuild its capabilities, supporting the sector as a whole. However, changes can and will impact specific programs as well as the companies working on them. As an example, companies receiving significant revenues from war-time operations are likely to see declines as the U.S. pulls out of Iraq and Afghanistan once additional acquisitions to replace spent materials and build-up capabilities is accomplished. Although most of the companies that trade on the stock exchanges are much less exposed to the war effort than the public would imagine, it is likely they would be negatively impacted in the short term before share prices rebound. Likewise larger companies are more diversified among programs, agencies, and customers, and hence more immune to individual wins and loses but are susceptible to greater impact when large shifts occur.
#5 So an ETF or Individual Company?
In this environment, picking an individual stock to play the sector can be more risky than investing in a fund or a fund as part of a larger strategy. The defense sector has always had its own nuances, such as companies not being able to provide details on classified sector contracts, a budget which has been estimated by the Washington Post to be $75 billion. With all the conversations about what and how DoD will restructure and how large its budget will be in coming years, the opportunities that the sector presents (which have included beating by better than 100% or tracking the market for more than a decade and with current valuations representing a business decline that has not yet appeared) is definitely offset by the risk of these new unknowns. Recent movements in some individual stocks can be dramatic and highlight the risks. After the resignation of the president and COO of Mantech (NASDAQ: MANT) for undisclosed reason, their stock decline by 18% in 2Q10 and was downgraded from buy to hold by BB&T analyst Mike Lewis. Comtech (NASDQ: CMTL) dropped 38% after losing an incumbent contract to Viasat (NASDAQ: VSAT). Meanwhile as I type this, satellite imagery firm DigitalGlobe (NYSE: DGI) is up 14% today after receiving a multi-billion contract. The benchmark SPADE Defense Index (NYSE: DXS), provides a useful measure to see how the individual companies stand up to the performance of the sector as a whole. As the underlying index to the Powershares Aerospace & Defense ETF (NYSE: PPA), it covers the breadth of the sector's activities, not a concentrated portion of it and represents firms whose activities are vital to the sector and vital to their companies operations.
With A&D representing 5% of U.S. GDP and the sector underweighted by the S&P500, investors should include the sector as a core element of their portfolio. At this time, the ETF appear to be less volatile, more diversified means to get that exposure.
Disclosure: Scott Sacknoff it’s the manager of the SPADE Defense Index, the underlying index for the Powershares Aerospace & Defense ETF (NYSE: PPA)
About the SPADE Defense Index
More info and previous interviews:
http://www.homelanddefensestocks.com/Content_Partners/SI/Default.asp
The SPADE Defense Index® (AMEX: DXS) is a modified capitalization-weighted index comprised of publicly traded companies that benchmarks the performance of companies involved with the defense, homeland security, and space marketplace.
The SPADE Defense Index has been developed to be used by investors, financial professionals, trade analysts, and media as a benchmark for publicly traded stocks involved in these business sectors. The Index can be used as the basis for a range of financial instruments including options and other derivatives, exchange traded funds, and conventional mutual funds.
For more information: http://www.spadeindex.com/
Disclaimers: The information presented in this interview is for informational purposes and should not represent a solicitation or an offer to purchase an investment product. SPADE and the SPADE Defense Index are registered trademarks of the ISBC.
About Homelanddefensestocks.com- HomelandDefenseStocks.com Portal is a global meeting place for investors and industry following defense and security, within Investorideas.com. Global visitors use the site daily to research the latest news, articles, audio, research reports and stock directories. Research defense stocks with the Homeland Defense and Security stocks directory. Global Defense and Homeland Security Stocks Directory features publicly traded defense stocks listed on the TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading global Stock Exchanges. The directory, in PDF format, includes Homeland Security Stocks, Aerospace and Defense Stocks, Biodefense Stocks, Security Stocks, Energy Security Stocks and Infrastructure Stocks with hyperlinks to stocks symbol(s), company's URL and company's description. For defense stocks followers, this is one of the most comprehensive global stock directories available to investors. Or Become an InvestorIdeas.com member and access all of our 11 stock directories by login. -Learn more: http://www.investorideas.com/membership/
Join our Campaign for 2010- One million members stronger…
Free Defense Stocks Newsletter Sign-up:
http://www.twotigersonline.com/newsletter.html
About InvestorIdeas.com:
InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, the Middle East and Australia.
InvestorIdeas.com Disclaimer: www.InvestorIdeas.com/About/Disclaimer.asp
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Tuesday, July 20, 2010
Investorideas.com - Nanotechnolgy Stocks; mPower Technologies (OTC.BB:XDSL) to Speak at DoD Anti-Tampering Workshop at Wright-Patterson Air Force Base
Investorideas.com - Nanotechnolgy Stocks; mPower Technologies (OTC.BB:XDSL) to Speak at DoD Anti-Tampering Workshop at Wright-Patterson Air Force Base
Nanotechnolgy Stocks; mPower Technologies (OTC.BB:XDSL) to Speak at DoD Anti-Tampering Workshop at Wright-Patterson Air Force Base
Subscribe to Investor Ideas Green News
Visit this company: www.mPhaseTech.com
LITTLE FALLS, NJ - July 20, 2010 (Investorideas.com Newswire) - mPhase Technologies, Inc. (OTC.BB:XDSL), today announced that it has been invited to speak at an anti-tampering technical workshop sponsored by the US Department of Defense and scheduled to be held July 20-22, 2010 at Wright-Patterson Air Force Base in Dayton, OH. At the workshop, mPhase will describe the advantages of Smart NanoBattery technology for defense-based applications.
The purpose of the anti-tampering workshop is to bring together the technical community of DoD organizations, small business and defense contractors, to discuss potential technologies that may be suited for improving the reliability of hardware and software systems and preventing them from being compromised by unintended external events, security threats or technical breaches. A goal of the workshop is to facilitate the exchange of ideas and potential collaboration efforts for companies that have been awarded Phase II government funding, to help transition the technology past the Phase II prototyping stage.
"This workshop is a very good opportunity for exposing the advantages and unique capabilities of the Smart NanoBattery for forward-looking applications involving securing mission-critical systems," said Ron Durando, president and CEO of mPhase Technologies. "We are looking forward to working with the DoD organizations and defense contractors to potentially drive our technology into leading-edge military applications."
The development of the Smart NanoBattery has been undertaken with funding support from a Phase II STTR Army award.
About mPhase Technologies, Inc.
mPhase Technologies is introducing a revolutionary Smart Surface technology enabled by breakthroughs in nanotechnology, MEMS processing and microfludics. Our Smart Surface technology has potential applications within drug delivery systems, lab-on-a-chip analytic systems, self-cleaning systems, liquid and chemical sensor systems, and filtration systems. mPhase has pioneered its first Smart Surface enabled product, the mPhase Smart NanoBattery.
In addition to the Smart Surface technology, mPhase recently introduced its first product the mPower Emergency Illuminator, an award winning product designed by Porsche Design Studio and sold via the mPower website: http://www.mpowertech.com.
More information about the company can be found at http://www.mPhaseTech.com.
Forward-Looking Statements
As a cautionary note to investors, certain matters discussed in this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; acceptance of the Company's products in the market; the Company's success in technology and product development; the Company's ability to execute its business model and strategic plans; and all the risks and related information described from time to time in the Company's SEC filings, including the financial statements and related information contained in the Company's SEC Filing. mPhase assumes no obligation to update the information in this release.
Contact:
Michael Meek CPhTmPhase Technologies, Inc.Investor Relations301-718-1635The Investor Relations Group212-825-3210Erika Moran
Visit the XDSL showcase profile at Investorideas.com Request News and Info on XDSL Disclosure, Disclaimer/ XDSL is a paid advertising client on Investorideas.com and our technology portals.
Published at www.Investorideas.com - Global research by sectors
Nanotechnolgy Stocks; mPower Technologies (OTC.BB:XDSL) to Speak at DoD Anti-Tampering Workshop at Wright-Patterson Air Force Base
Subscribe to Investor Ideas Green News
Visit this company: www.mPhaseTech.com
LITTLE FALLS, NJ - July 20, 2010 (Investorideas.com Newswire) - mPhase Technologies, Inc. (OTC.BB:XDSL), today announced that it has been invited to speak at an anti-tampering technical workshop sponsored by the US Department of Defense and scheduled to be held July 20-22, 2010 at Wright-Patterson Air Force Base in Dayton, OH. At the workshop, mPhase will describe the advantages of Smart NanoBattery technology for defense-based applications.
The purpose of the anti-tampering workshop is to bring together the technical community of DoD organizations, small business and defense contractors, to discuss potential technologies that may be suited for improving the reliability of hardware and software systems and preventing them from being compromised by unintended external events, security threats or technical breaches. A goal of the workshop is to facilitate the exchange of ideas and potential collaboration efforts for companies that have been awarded Phase II government funding, to help transition the technology past the Phase II prototyping stage.
"This workshop is a very good opportunity for exposing the advantages and unique capabilities of the Smart NanoBattery for forward-looking applications involving securing mission-critical systems," said Ron Durando, president and CEO of mPhase Technologies. "We are looking forward to working with the DoD organizations and defense contractors to potentially drive our technology into leading-edge military applications."
The development of the Smart NanoBattery has been undertaken with funding support from a Phase II STTR Army award.
About mPhase Technologies, Inc.
mPhase Technologies is introducing a revolutionary Smart Surface technology enabled by breakthroughs in nanotechnology, MEMS processing and microfludics. Our Smart Surface technology has potential applications within drug delivery systems, lab-on-a-chip analytic systems, self-cleaning systems, liquid and chemical sensor systems, and filtration systems. mPhase has pioneered its first Smart Surface enabled product, the mPhase Smart NanoBattery.
In addition to the Smart Surface technology, mPhase recently introduced its first product the mPower Emergency Illuminator, an award winning product designed by Porsche Design Studio and sold via the mPower website: http://www.mpowertech.com.
More information about the company can be found at http://www.mPhaseTech.com.
Forward-Looking Statements
As a cautionary note to investors, certain matters discussed in this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; acceptance of the Company's products in the market; the Company's success in technology and product development; the Company's ability to execute its business model and strategic plans; and all the risks and related information described from time to time in the Company's SEC filings, including the financial statements and related information contained in the Company's SEC Filing. mPhase assumes no obligation to update the information in this release.
Contact:
Michael Meek CPhTmPhase Technologies, Inc.Investor Relations301-718-1635The Investor Relations Group212-825-3210Erika Moran
Visit the XDSL showcase profile at Investorideas.com Request News and Info on XDSL Disclosure, Disclaimer/ XDSL is a paid advertising client on Investorideas.com and our technology portals.
Published at www.Investorideas.com - Global research by sectors
Saturday, June 19, 2010
Defense Stocks; ITT (NYSE:ITT) Receives $53 Million Order from the United Kingdom for Night Vision Goggles
Defense Stocks; ITT (NYSE:ITT) Receives $53 Million Order from the United Kingdom for Night Vision Goggles
ROANOKE, Va.----Defense News ( Investorideas.com newswire , http://www.homelanddefensestocks.com/ ) ITT Corporation (NYSE:ITT) has received a $53 million order from the United Kingdom Ministry of Defence (MoD) for head-mounted night vision systems (HMNVS) that provide ground-based soldiers with superior performance during nighttime operations. To date, this is ITT’s largest order from the United Kingdom for night vision systems. The deliveries of the HMNVS will take place over the customer’s next five fiscal years.
“This recent order from the United Kingdom Ministry of Defence shows the high degree of confidence the customer has in ITT and our ability to deliver Generation 3 night vision technology”
.“This recent order from the United Kingdom Ministry of Defence shows the high degree of confidence the customer has in ITT and our ability to deliver Generation 3 night vision technology,” said Bruce A. Wald, vice president and general manager of ITT’s Night Vision & Imaging business. “Our Generation 3 solution is the first night vision technology choice of our international allies to operate in challenging environments.”
ITT has supported the UK MoD’s HMNVS program since 2003 by providing these battle-ready systems. In addition to the new systems produced at ITT’s facility in Roanoke, Virginia, ITT Defence Ltd. in Basingstoke, U.K. has also provided in-country, logistics support to the growing fleet of HMNVS since 2005. They have converted nearly 2,000 HMNVS from dual-battery to single-battery configuration and provide expedited repair to any systems requiring maintenance before, during or after deployment.
In addition to the faster repairs, ITT has increased its manufacturing capacity to meet the requirements of the international market. The expanded capacity has enabled ITT to deliver night vision technology to U.S. allies and coalition forces within 120 days after receiving an approved export license from the U.S. Department of State.
The HMNVS is the MoD’s variant of the AN/PVS-14, the ITT supplied night vision goggles that are commonly used by the U.S. military and homeland security agencies. The AN/PVS-14 is a lightweight, single-battery monocular goggle equipped with ITT’s Generation (Gen) 3 night vision technology, the most advanced night vision in the field today. ITT’s Gen 3 goggles provide the clearest, sharpest image available for soldiers performing nighttime operations, giving them the advantage on the battlefield. ITT Gen 3 goggles last in excess of 10,000 hours, compared to the Gen 2 tubes that last approximately 2,000 to 4,000 hours.
About ITT Geospatial Systems
ITT Geospatial Systems (www.geospatial.itt.com) headquartered in Rochester, N.Y., is a global supplier of innovative night vision, remote sensing and navigation solutions that provide sight and situational awareness at the space, airborne, ground and soldier levels. ITT Geospatial Systems solutions range from image, and data capture through processing and dissemination. Key applications include image intensification and thermal imaging; advanced power supplies; multi-spectral image systems; weather and climate monitoring; space science; intelligence, surveillance and reconnaissance; GPS-based positioning, navigation and timing systems; and image exploitation software. Using our technologies, customers can move beyond mere image acquisition to image interchange and true knowledge sharing.
About ITT Corporation
ITT Corporation is a high-technology engineering and manufacturing company operating on all seven continents in three vital markets: water and fluids management, global defense and security, and motion and flow control. With a heritage of innovation, ITT partners with its customers to deliver extraordinary solutions that create more livable environments, provide protection and safety and connect our world. Headquartered in White Plains, N.Y., the company generated 2009 revenue of $10.9 billion. www.itt.com
___________________________________________________-
Research defense and Homeland Security stocks with the largest global defense stocks directory online for investors at Investorideas.com and www.Homelanddefensestocks.com click here: http://www.investorideas.com/Companies/HomelandDefense/Stock_List.asp
ROANOKE, Va.----Defense News ( Investorideas.com newswire , http://www.homelanddefensestocks.com/ ) ITT Corporation (NYSE:ITT) has received a $53 million order from the United Kingdom Ministry of Defence (MoD) for head-mounted night vision systems (HMNVS) that provide ground-based soldiers with superior performance during nighttime operations. To date, this is ITT’s largest order from the United Kingdom for night vision systems. The deliveries of the HMNVS will take place over the customer’s next five fiscal years.
“This recent order from the United Kingdom Ministry of Defence shows the high degree of confidence the customer has in ITT and our ability to deliver Generation 3 night vision technology”
.“This recent order from the United Kingdom Ministry of Defence shows the high degree of confidence the customer has in ITT and our ability to deliver Generation 3 night vision technology,” said Bruce A. Wald, vice president and general manager of ITT’s Night Vision & Imaging business. “Our Generation 3 solution is the first night vision technology choice of our international allies to operate in challenging environments.”
ITT has supported the UK MoD’s HMNVS program since 2003 by providing these battle-ready systems. In addition to the new systems produced at ITT’s facility in Roanoke, Virginia, ITT Defence Ltd. in Basingstoke, U.K. has also provided in-country, logistics support to the growing fleet of HMNVS since 2005. They have converted nearly 2,000 HMNVS from dual-battery to single-battery configuration and provide expedited repair to any systems requiring maintenance before, during or after deployment.
In addition to the faster repairs, ITT has increased its manufacturing capacity to meet the requirements of the international market. The expanded capacity has enabled ITT to deliver night vision technology to U.S. allies and coalition forces within 120 days after receiving an approved export license from the U.S. Department of State.
The HMNVS is the MoD’s variant of the AN/PVS-14, the ITT supplied night vision goggles that are commonly used by the U.S. military and homeland security agencies. The AN/PVS-14 is a lightweight, single-battery monocular goggle equipped with ITT’s Generation (Gen) 3 night vision technology, the most advanced night vision in the field today. ITT’s Gen 3 goggles provide the clearest, sharpest image available for soldiers performing nighttime operations, giving them the advantage on the battlefield. ITT Gen 3 goggles last in excess of 10,000 hours, compared to the Gen 2 tubes that last approximately 2,000 to 4,000 hours.
About ITT Geospatial Systems
ITT Geospatial Systems (www.geospatial.itt.com) headquartered in Rochester, N.Y., is a global supplier of innovative night vision, remote sensing and navigation solutions that provide sight and situational awareness at the space, airborne, ground and soldier levels. ITT Geospatial Systems solutions range from image, and data capture through processing and dissemination. Key applications include image intensification and thermal imaging; advanced power supplies; multi-spectral image systems; weather and climate monitoring; space science; intelligence, surveillance and reconnaissance; GPS-based positioning, navigation and timing systems; and image exploitation software. Using our technologies, customers can move beyond mere image acquisition to image interchange and true knowledge sharing.
About ITT Corporation
ITT Corporation is a high-technology engineering and manufacturing company operating on all seven continents in three vital markets: water and fluids management, global defense and security, and motion and flow control. With a heritage of innovation, ITT partners with its customers to deliver extraordinary solutions that create more livable environments, provide protection and safety and connect our world. Headquartered in White Plains, N.Y., the company generated 2009 revenue of $10.9 billion. www.itt.com
___________________________________________________-
Research defense and Homeland Security stocks with the largest global defense stocks directory online for investors at Investorideas.com and www.Homelanddefensestocks.com click here: http://www.investorideas.com/Companies/HomelandDefense/Stock_List.asp
Wednesday, June 2, 2010
Security Stocks News; United Protection Security Group Inc. (TXS.V:UZZ) - Q1-2010 Results
Defense and Security Stocks -
United Protection Security Group Inc. (TXS.V:UZZ) - Q1-2010 Results
EDMONTON - June 1, 2010 (www.Investorideas.com newswire) - UNITED PROTECTION SECURITY GROUP INC. ('UPSG or the Company'), a Canadian-based company trading on the TSX Venture Exchange under the symbol (TSX-V: UZZ) is pleased to announce that it has released its Interim Financial Statements for the three month period ended March 31, 2010.
The Company believes it can accelerate revenue growth, return to historical margins, and increase operating cash flow by 2011. This quarter's solid performance underscores the fact that management is executing on that plans established in the fourth quarter of 2009 to return the Company to profitability. The Company is beginning to realize the benefits of the very substantial and deliberate long-term investments made to capitalize on the opportunities ahead as the Canadian economy improves and the Company continues to execute its growth plans.
Not only is UPSG one of Canada's few total security solutions provider, it increasingly has industry-leading security technology and, most importantly, people. It is the hard work, dedication and professionalism of people that is the Company's greatest asset and this quarter's performance demonstrates how well they can perform under a challenging economy.
First Quarter 2010 Financial Results
Revenue Increase
Revenue for the quarter amounted to $8,813,176, compared to $7,761,124 for the same quarter last year, an increase of $1,052,052 or 13.56%.
Gross Profit
Gross profit for the quarter amounted to $2,060,893 (23.38% of revenue), compared with $$1,685,444 (21.72% of revenue) the same period last year, an increase of $375,449.
Operating Expenses
Operating expenses totalled $1,734,856 for the period, compared with $1,517,890 for the same period last year, an increase of $216,966 or 14.29%.
Selling, General and Administrative Expenses ("SG&A")
SG&A expenses totalled $1,188,255 for the period, compared with $1,017,867 for the same period last year, an increase of $170,388 or 16.74%.
The Company recorded EBIITDAS of $488,027 (5.67% of revenue) for the period, compared to $313,714 (4.04% of revenue) for the same period last year, an increase of $174,313.
Net Income (Loss)
Net income for the period totalled $326,037, ($0.005 basic and diluted earnings per share); compared with net loss of $(273,743) ($(0.004) basic and diluted loss per share) for the same period last year, an increase of $599,780.
Operating activities
Cash flows from operating activities totalled $181,934 for period, compared to cash flow used in operating activities of $(144,903) for the same period last year, a increase in cash flow from operating activities of $326,837.
Investment Activities
Cash used in investment activities amounted to $79,183 for the period, compared with $43,084 for the same period last year, a decrease of $36,099.
Financing Activities
Cash flow used in financing activities totalled $439,121 for the period, compared with $28,993 for the same period last year, an increase of $410,128.
In addition to using financial measures prescribed by CGAAP, certain non-CGAAP measures are also used in this news release. These non-GAAP measures are EBIITDA and EBIITDAS. References in this news release to EBIITDA are to net income before interest, impairment, taxes, depreciation and amortization. References in this news release to EBITDAS are to net income before interest, impairment, taxes, depreciation, amortization and stock-based compensation.
NON-GAAP MEASURES
Reconciliation of EBIITDA and EBIITDAS to Historical Results (CGAAP)
Statement of Income (Loss) Mar. 31, 2010 Mar. 31, 2009
-----------------------------
Net income (loss) for the period $ 326,037 $ (273,743)
Add:
Income taxes - 41,297
Interest 32,582 80,392
Amortization 127,609 65,768
Goodwill impairment loss - 400,000
-----------------------------
EBIITDA 486,228 313,714
Add
Stock-based compensation 1,799 -
-----------------------------
EBIITDAS $ 488,027 $ 313,714
-----------------------------
-----------------------------
Stock Awareness Activities
To find out more about United Protection Security Group Inc. (TSX-V: UZZ), visit our website at www.unitedprotection.com. To join the 'request for information', go to the web page www.unitedprotection.com and click the tab 'request information' and follow the prompts. You may also email Investor Relations at: iruzz@unitedprotection.com.
Statements in this press release other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, are forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company's business, including risks related to business development and retention, and risks related to the current economic and credit conditions. As a result, actual results may vary materially from those described in the forward-looking statements.
The TSX Venture Exchange has neither approved nor disapproved the information contained herein.
For further information
For additional investor and media relations inquiries contact: Fredy Ramsoondar, CFO, Email: fredy.ramsoondar@unitedprotection.com, Tel: (780) 465-8101
Visit the UZZ showcase profile at Investorideas.com
http://www.investorideas.com/CO/UZZ/
Request News and Info on UZZ
Disclosure: UZZ is a paid advertising client on Investorideas.com and our defense portals.
http://www.investorideas.com/About/Disclaimer.asp
Published at the Investor Ideas Newswire
Research defense and Homeland Security stocks with the largest global defense stocks directory online for investors at Investorideas.com and http://www.homelanddefensestocks.com/
United Protection Security Group Inc. (TXS.V:UZZ) - Q1-2010 Results
EDMONTON - June 1, 2010 (www.Investorideas.com newswire) - UNITED PROTECTION SECURITY GROUP INC. ('UPSG or the Company'), a Canadian-based company trading on the TSX Venture Exchange under the symbol (TSX-V: UZZ) is pleased to announce that it has released its Interim Financial Statements for the three month period ended March 31, 2010.
The Company believes it can accelerate revenue growth, return to historical margins, and increase operating cash flow by 2011. This quarter's solid performance underscores the fact that management is executing on that plans established in the fourth quarter of 2009 to return the Company to profitability. The Company is beginning to realize the benefits of the very substantial and deliberate long-term investments made to capitalize on the opportunities ahead as the Canadian economy improves and the Company continues to execute its growth plans.
Not only is UPSG one of Canada's few total security solutions provider, it increasingly has industry-leading security technology and, most importantly, people. It is the hard work, dedication and professionalism of people that is the Company's greatest asset and this quarter's performance demonstrates how well they can perform under a challenging economy.
First Quarter 2010 Financial Results
Revenue Increase
Revenue for the quarter amounted to $8,813,176, compared to $7,761,124 for the same quarter last year, an increase of $1,052,052 or 13.56%.
Gross Profit
Gross profit for the quarter amounted to $2,060,893 (23.38% of revenue), compared with $$1,685,444 (21.72% of revenue) the same period last year, an increase of $375,449.
Operating Expenses
Operating expenses totalled $1,734,856 for the period, compared with $1,517,890 for the same period last year, an increase of $216,966 or 14.29%.
Selling, General and Administrative Expenses ("SG&A")
SG&A expenses totalled $1,188,255 for the period, compared with $1,017,867 for the same period last year, an increase of $170,388 or 16.74%.
The Company recorded EBIITDAS of $488,027 (5.67% of revenue) for the period, compared to $313,714 (4.04% of revenue) for the same period last year, an increase of $174,313.
Net Income (Loss)
Net income for the period totalled $326,037, ($0.005 basic and diluted earnings per share); compared with net loss of $(273,743) ($(0.004) basic and diluted loss per share) for the same period last year, an increase of $599,780.
Operating activities
Cash flows from operating activities totalled $181,934 for period, compared to cash flow used in operating activities of $(144,903) for the same period last year, a increase in cash flow from operating activities of $326,837.
Investment Activities
Cash used in investment activities amounted to $79,183 for the period, compared with $43,084 for the same period last year, a decrease of $36,099.
Financing Activities
Cash flow used in financing activities totalled $439,121 for the period, compared with $28,993 for the same period last year, an increase of $410,128.
In addition to using financial measures prescribed by CGAAP, certain non-CGAAP measures are also used in this news release. These non-GAAP measures are EBIITDA and EBIITDAS. References in this news release to EBIITDA are to net income before interest, impairment, taxes, depreciation and amortization. References in this news release to EBITDAS are to net income before interest, impairment, taxes, depreciation, amortization and stock-based compensation.
NON-GAAP MEASURES
Reconciliation of EBIITDA and EBIITDAS to Historical Results (CGAAP)
Statement of Income (Loss) Mar. 31, 2010 Mar. 31, 2009
-----------------------------
Net income (loss) for the period $ 326,037 $ (273,743)
Add:
Income taxes - 41,297
Interest 32,582 80,392
Amortization 127,609 65,768
Goodwill impairment loss - 400,000
-----------------------------
EBIITDA 486,228 313,714
Add
Stock-based compensation 1,799 -
-----------------------------
EBIITDAS $ 488,027 $ 313,714
-----------------------------
-----------------------------
Stock Awareness Activities
To find out more about United Protection Security Group Inc. (TSX-V: UZZ), visit our website at www.unitedprotection.com. To join the 'request for information', go to the web page www.unitedprotection.com and click the tab 'request information' and follow the prompts. You may also email Investor Relations at: iruzz@unitedprotection.com.
Statements in this press release other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, are forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company's business, including risks related to business development and retention, and risks related to the current economic and credit conditions. As a result, actual results may vary materially from those described in the forward-looking statements.
The TSX Venture Exchange has neither approved nor disapproved the information contained herein.
For further information
For additional investor and media relations inquiries contact: Fredy Ramsoondar, CFO, Email: fredy.ramsoondar@unitedprotection.com, Tel: (780) 465-8101
Visit the UZZ showcase profile at Investorideas.com
http://www.investorideas.com/CO/UZZ/
Request News and Info on UZZ
Disclosure: UZZ is a paid advertising client on Investorideas.com and our defense portals.
http://www.investorideas.com/About/Disclaimer.asp
Published at the Investor Ideas Newswire
Research defense and Homeland Security stocks with the largest global defense stocks directory online for investors at Investorideas.com and http://www.homelanddefensestocks.com/
Saturday, May 15, 2010
Investorideas.com - U.S. Army Convening Top Industry Experts to Address Energy Technologies at Inaugural "Renewable Energy Rodeo and Symposium"
Investorideas.com - U.S. Army Convening Top Industry Experts to Address Energy Technologies at Inaugural "Renewable Energy Rodeo and Symposium"
Nation's top energy authorities, demonstrations at Fort Bliss in June
Category: Investment, Renewable Energy, Technology, Defense
DETROIT ARSENAL, WARREN, MI and FORT BLISS, TX - May 14, 2010 (Investorideas.com Newswire) - To evaluate the latest energy technologies that could reap immediate benefits for the military and the Nation, the U.S. Army is hosting the inaugural Renewable Energy Rodeo and Symposium (RERS) June 8-9, 2010, at Fort Bliss.
RERS, co-hosted by the U.S. Army Research, Development and Engineering Command (RDECOM) Tank Automotive Research, Development and Engineering Center (TARDEC) and Fort Bliss, serves to advance energy initiatives affecting all levels of the Department of Defense, from ground vehicles to installations.
During the two-day exposition, the latest mature technologies and innovations in renewable energy concepts and alternative fuel technologies will be displayed and demonstrated. Panel discussions and guest speakers will feature some of the Nation's top experts in a variety of energy-related fields and technologies.
"Energy security remains a top priority for our warfighters and our Nation," explained TARDEC Director Dr. Grace M. Bochenek. "As we aggressively pursue the latest in renewable energy capabilities and alternative energy technologies, it is vitally important we tap the best-of-the-best from industry, academia and government."
RERS takes place at Fort Bliss, the Army's Center for Renewable Energy. "The Energy Rodeo and Symposium provides a unique opportunity to evaluate mature technologies in a dynamic environment while, at the same time, establishing crucial partnerships," said Fort Bliss Commanding General Howard B. Bromberg. "We are looking for game-changing technologies and innovative solutions for the energy and environmental challenges we all face."
Among the scheduled presenters is L. Jerry Hansen, Army Senior Energy Executive, Deputy Assistant Secretary of the Army (Strategic Infrastructure) and Senior Official performing duties as Assistant Secretary of the Army (Installations & Environment). Hansen's responsibilities within Installations & Environment for Strategic Planning include Business Transformation, Lean Six Sigma implementation, Strategic Infrastructure Analysis and Strategic Management Systems implementation.
The Army continues to accept proposals from organizations that would like to participate as exhibitors. More information is available at https://renewable-energy-rodeo.com.
ABOUT FORT BLISS
Fort Bliss is a heavy maneuver training center with 1.12 million acres of landmass and airspace. It is a major deployment and redeployment center for all service members including reserve components. It is a prime site for renewable and alternative energy having over 350 days of sunshine per year, high winds and a geo-thermal energy project in the planning stages.
ABOUT TARDEC
Headquartered at the Detroit Arsenal in Warren, MI, TARDEC is the Nation\'s laboratory for advanced military automotive technology and serves as the Ground Systems Integrator for all DOD manned and unmanned ground vehicle systems. With roots dating back to the World War II era, TARDEC is a full life-cycle, systems engineering support provider-of-first-choice for all DOD ground combat and combat support weapons, equipment and vehicle systems.
TARDEC develops and integrates the right technology solutions to improve Current Force effectiveness and provides superior capabilities for Future Force integration. TARDEC's technical, scientific and engineering staff lead cutting-edge research and development in Ground Systems Survivability; Power and Mobility; Intelligent Ground Systems; Force Projection; and Vehicle Electronics and Architecture.
TARDEC is a major research, development and engineering center for the U.S.
Army RDECOM and partner in the TACOM Life Cycle Management Command.
NOTE: Media are invited to attend RERS - especially on 6/9/10.
The Renewable Energy Rodeo and Symosium logo is available for download at www.tardec.com
Published at the Investor Ideas Newswire
Nation's top energy authorities, demonstrations at Fort Bliss in June
Category: Investment, Renewable Energy, Technology, Defense
DETROIT ARSENAL, WARREN, MI and FORT BLISS, TX - May 14, 2010 (Investorideas.com Newswire) - To evaluate the latest energy technologies that could reap immediate benefits for the military and the Nation, the U.S. Army is hosting the inaugural Renewable Energy Rodeo and Symposium (RERS) June 8-9, 2010, at Fort Bliss.
RERS, co-hosted by the U.S. Army Research, Development and Engineering Command (RDECOM) Tank Automotive Research, Development and Engineering Center (TARDEC) and Fort Bliss, serves to advance energy initiatives affecting all levels of the Department of Defense, from ground vehicles to installations.
During the two-day exposition, the latest mature technologies and innovations in renewable energy concepts and alternative fuel technologies will be displayed and demonstrated. Panel discussions and guest speakers will feature some of the Nation's top experts in a variety of energy-related fields and technologies.
"Energy security remains a top priority for our warfighters and our Nation," explained TARDEC Director Dr. Grace M. Bochenek. "As we aggressively pursue the latest in renewable energy capabilities and alternative energy technologies, it is vitally important we tap the best-of-the-best from industry, academia and government."
RERS takes place at Fort Bliss, the Army's Center for Renewable Energy. "The Energy Rodeo and Symposium provides a unique opportunity to evaluate mature technologies in a dynamic environment while, at the same time, establishing crucial partnerships," said Fort Bliss Commanding General Howard B. Bromberg. "We are looking for game-changing technologies and innovative solutions for the energy and environmental challenges we all face."
Among the scheduled presenters is L. Jerry Hansen, Army Senior Energy Executive, Deputy Assistant Secretary of the Army (Strategic Infrastructure) and Senior Official performing duties as Assistant Secretary of the Army (Installations & Environment). Hansen's responsibilities within Installations & Environment for Strategic Planning include Business Transformation, Lean Six Sigma implementation, Strategic Infrastructure Analysis and Strategic Management Systems implementation.
The Army continues to accept proposals from organizations that would like to participate as exhibitors. More information is available at https://renewable-energy-rodeo.com.
ABOUT FORT BLISS
Fort Bliss is a heavy maneuver training center with 1.12 million acres of landmass and airspace. It is a major deployment and redeployment center for all service members including reserve components. It is a prime site for renewable and alternative energy having over 350 days of sunshine per year, high winds and a geo-thermal energy project in the planning stages.
ABOUT TARDEC
Headquartered at the Detroit Arsenal in Warren, MI, TARDEC is the Nation\'s laboratory for advanced military automotive technology and serves as the Ground Systems Integrator for all DOD manned and unmanned ground vehicle systems. With roots dating back to the World War II era, TARDEC is a full life-cycle, systems engineering support provider-of-first-choice for all DOD ground combat and combat support weapons, equipment and vehicle systems.
TARDEC develops and integrates the right technology solutions to improve Current Force effectiveness and provides superior capabilities for Future Force integration. TARDEC's technical, scientific and engineering staff lead cutting-edge research and development in Ground Systems Survivability; Power and Mobility; Intelligent Ground Systems; Force Projection; and Vehicle Electronics and Architecture.
TARDEC is a major research, development and engineering center for the U.S.
Army RDECOM and partner in the TACOM Life Cycle Management Command.
NOTE: Media are invited to attend RERS - especially on 6/9/10.
The Renewable Energy Rodeo and Symosium logo is available for download at www.tardec.com
Published at the Investor Ideas Newswire
Tuesday, April 27, 2010
Defense stock, Optex Systems Holdings, Inc. (OTCBB:OPXS) through its wholly-owned subsidiary, Optex Systems, Inc. manufactures optical sighting systems and assemblies primarily for Department of Defense (DOD) applications.
Defense stock, Optex Systems Holdings, Inc. (OTCBB:OPXS) through its wholly-owned subsidiary, Optex Systems, Inc. manufactures optical sighting systems and assemblies primarily for Department of Defense (DOD) applications.
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Optex Systems Holdings, Inc. (OTCBB:OPXS) is an expired advertising showcase stock on Investorideas.com
Please contact the company website for updates.
Find out about Investorideas.com Investor Awareness Services for Publicly Trading Defense and Homeland Security Stocks
Defense Stocks Investor awareness, press release distribution, company profiles and showcase company services starting at just $75
Learn More: Visit here
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