Integrated Security Systems, Inc. Announces First Quarter Results for Fiscal 2007.IRVING, Texas Irving (pronounced 'er-ving') is a city located in the U.S. state of Texas within Dallas County. According to the 2000 U.S. Census, the city population was 191,615; the 2006 estimate was 201,927 according to the North Central Texas Council of Governments, and 196,084 according to -- Integrated Security Systems, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :IZZI) today announced improved results for the first quarter of fiscal 2007. Overall, sales for the security products manufacturer were up for the quarter year-over-year by over 20%. Much of the difference was attributable to significant increases in the road and bridge segment of the business combined with growth in the Intelli-Site software division. Gross margin for the company also saw significant improvement from 27% for first quarter 2006 to 36% for the same period in fiscal 2007. Much of the margin improvement is a direct result of restructuring of the B&B ARMR ARMR Army Readiness and Mobilization Region division which began in mid-2005 and involved the closure of the company's manufacturing operations Manufacturing operations concern the operation of a facility, as opposed to maintenance, supply and distribution, health, and safety, emergency response, human resources, security, information technology and other infrastructural support organizations. in Norwood, Louisiana Norwood is a village in East Feliciana Parish, Louisiana, United States. The population was 337 at the 2000 census. Geography Norwood is located at (30.969430, -91.105509)GR1. . Performance was further enhanced by an operating expense Operating Expense The essential things that a company must purchase in order to maintain business. Notes: For example, the payment of employees wages are an operating expense. Also known as OPEX. decrease of 36% from the prior year. This improvement in overhead expense comes as a direct result of the restructuring. Operating losses for the company were cut by nearly 80% over the prior year first quarter. "The restructuring of the company is clearly taking hold," notes ISSI ISSI International Space Science Institute ISSI Inter-Switching System Interface ISSI International Society for Self and Identity ISSI International Society for Skin Imaging (Bochum, Germany) ISSI Internet Security Systems Inc. President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Jay Foersterling. "We've made sweeping changes to the business to improve profitability, and it is obvious that those initiatives are succeeding." In summarizing the improvement made in the business over the last twelve months, Foersterling believes that the company is well positioned for future growth and profitability. "Our initial focus was on reducing costs while improving product quality and customer service," states Foersterling. "Now that we have made significant strides in those areas, our focus will be on driving top line growth." Company management feels that the market dynamics in the core security and anti-terrorist barrier business have experienced significant change. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Foersterling, "The security barrier business of a few years ago has matured. In the past, the emphasis was on installing anything that would stop a vehicle, regardless of how it looks or fits into the surrounding environment. Now, however, the focus has increasingly moved toward a combination of aesthetics, quality and value. These are areas in which we excel. "While the Federal government still is a significant customer, we're seeing improved opportunities in the state and local governmental sectors as well as in the industrial and commercial base, both domestically and abroad," says Foersterling. "These are markets highly oriented toward product performance and value; our competitive strengths." About ISSI Headquartered in Irving, Texas, ISSI is a technology company that provides products and services for homeland security Noun 1. Homeland Security - the federal department that administers all matters relating to homeland security Department of Homeland Security executive department - a federal department in the executive branch of the government of the United States needs. ISSI also designs, develops and markets safety equipment and security software to the commercial, industrial and governmental marketplaces. ISSI's Intelli-Site[R] provides users with a software solution that integrates existing subsystems from multiple vendors without incurring the additional costs associated with upgrades or replacement. Intelli-Site[R] features a user-defined graphics interface that controls various security devices within one or multiple facilities. ISSI is a leading provider of anti-terrorist barriers, traffic control and safety systems within the road and bridge and perimeter security gate industries. ISSI designs, manufactures and distributes warning gates, lane changers, airport and navigational lighting and perimeter security gates and operators. ISSI conducts its design, development, manufacturing and distribution activities through three wholly owned subsidiaries Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. : B&B ARMR, Intelli-Site, Inc. and DoorTek Corporation. For more information, please visit www.integratedsecurity.com, www.bb-armr.com, www.bbroadway.com, www.intelli-site.com or www.doortek.com. This information contains certain forward-looking statements. It is important to note that ISSI's actual results could differ materially from those projected by such forward-looking statements. Important factors that could cause actual results to differ materially from those projected in the forward-looking statements include, but are not limited to, the following: operations may not improve as projected, new products may not be accepted by the marketplace as anticipated, or new products may take longer to develop than anticipated. |
|
||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion