CybeRelease: (OTC: SCYF) Buyout Should Increase Revenue by $6 Million
(CybeRelease, February 14, 2007) - LAKE HARMONY, PA - Security Financing Services, Inc. (OTC PK: SCYF), a provider of sophisticated, IP and physical security convergence solutions, moved to increase its solutions portfolio by announcing its signing of an exclusive letter of intent to acquire a Defense Department Software Contractor, Nsite, LLC of Pittsville, Maryland. The acquisition is expected to increase future revenues by more than Six Million Dollars.
Nsite specializes in the design, sale and implementation of management knowledge systems, termed “Lessons Learned Technology.” Several branches of the United States military currently use this technology to create models of battlefield behaviors. “The mission of Nsite’s Lessons Learned system is the capture and distribution of Lessons Learned Knowledge whenever and wherever possible especially when net-centric capabilities are limited or non-existent. By collapsing the Lessons Learned dispersion time loop from months to hours, we save lives and ensure fastest mission completion. We are excited to have the opportunity to pair our mission-critical information management capabilities with SCYF’s proven digital surveillance capabilities,” stated Nsite CEO Tina Cropper.
By conducting “After Action Reviews” immediately after a training or operational mission, a modular IT software platform is used based on the situational configurations and parameters for that individual solution to expand the knowledge of techniques that either worked or did not work, in the field. The Marine Corps Center for Lessons Learned, for example, uses the Nsite program to help ensure that Marines do not have to “reinvent the wheel” each time they do a mission. Within the SCYF communities ensuring a faster, better-prepared response could prove just as vital.
Mike Hardy, SCYF CEO, said, “Because of the uncertainties and diversity of the modern battlefield, the United States military is constantly learning and adapting its doctrine, tactics, techniques and procedures. The various mechanisms that drive this change in a coordinated and coherent process fall within an umbrella concept known as ’Lessons Learned’. SCYF intends to leverage the Nsite capabilities to bring lessons learned technology to our customer base. Prediction of pattern behaviors within the local communities monitored by SCYF digital video surveillance systems will improve the abilities first responders, property managers and residents to deal with not only threatening situations, but the daily situations that arise.”
Security Financing Services, Inc., a designated Honeywell Security Products dealer, is a cutting-edge technology company focused on end-to-end network solutions for customers. Solutions range from the smallest homeowner to the largest government or commercial enterprise. In addition to providing financing services to alarm dealers and integrators, SCYF also operates and manages a portfolio of alarm monitoring accounts throughout Texas and the Southeast. SCYF designs, installs and monitors digital video surveillance networks for government, industrial and commercial application.
To read the complete release, go to http://biz.yahoo.com/bw/070213/20070213006440.html?.v=1
CybeRelease Gainers are ONYX Pharmaceuticals, Inc. (Nasdaq: ONXX), Illumina, Inc. (Nasdaq: ILMN), Applebee’s International, Inc. (Nasdaq: APPB), Shanda Interactive Entertainment Limited (Nasdaq: SNDA), Envoy Communications Group, Inc. (Nasdaq: ECGI), Regeneron Pharmaceuticals, Inc. (Nasdaq: REGN), FalconStor Software, Inc. (Nasdaq: FALC) and Fieldstone Investment Corporation (Nasdaq: FICC).
CybeRelease Decliners are Ultra Clean Holdings, Inc. (Nasdaq: UCTT), Interactive Intelligence, Inc. (Nasdaq: ININ), SIGA Technologies Inc. (Nasdaq: SIGA), Momenta Pharmaceuticals, Inc. (Nasdaq: MNTA), Diversa Corporation (Nasdaq: DVSA), Liquidity Services, Inc. (Nasdaq: LQDT), iRobot Corporation (Nasdaq: IRBT) and Neurochem Inc. (Nasdaq: NRMX).
Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor’s reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. A third party has hired and paid CybeRelease $995.00 for the publication of this report. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. We have no ownership of equity, no representation and do no trading of any kind.
- Contact Information
- C. P. Barry
- Media Contact
- Contact via E-mail
This news content may be integrated into any legitimate news gathering and publishing effort. Linking is permitted.
News Release Distribution and Press Release Distribution Services Provided by WebWire.