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Allied Security Innovations, Inc.
Allied Security Innovations Publishes Promising Financial Information
June 7th, 2009
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...
Source: Pharma Investments, Ventures & Law Weekly (2009-06-07)
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