May 18, 2009
Farmingdale, New Jersey
Mr. Anthony R. Shupin- email@example.com
ALLIED SECURITY INNOVATIONS PUBLISHES
PROMISING FINANCIAL INFORMATION
Farmingdale, New Jersey – May 18, 2009 (BUSINESS
WIRE)—Allied Security Innovations, Inc. (“ASVN-BB”), manufacturers of
security products, announced that it has filed form 10QSB with the Securities
and Exchange Commission.
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 of a bleak economy and we continue to produce new and creative
products geared for the Homeland Security, Border Patrol, Customs and
Transportation Industries. The Company is headed for a breakthrough year.
We continue to be an Industry leader in supply chain security.”
Allied Security Innovations Inc.
Allied Security Innovations, Inc, (ASI) provides
homeland security products and proprietary criminal justice software to over
3,000 clients worldwide. It is composed of the original DDSI Company, a public
company since 1995, and its wholly owned subsidiary, CGM-Applied Security
Technologies, Inc., (established in 1978). With manufacturing in Staten
Island, NY, ASI is a leading manufacturer and distributor of Homeland Security
products, including indicative and barrier security seals, security tapes and
related packaging security systems, protective security products for palletized
cargo, physical security systems for tractors, trailers and containers, as well
as a number of highly specialized authentication products.
Innovations. Inc. is a fully reporting company whose stock trades on the Pink
Sheets under the symbol “ASVN”. For information contact Investor Relations
1-800-899-2246 or www.cgm-ast.com.
Press Release contains or incorporates by reference “forward looking statements
including certain information with respect to plans and strategies of Allied
Security Innovations, Inc. For this purpose, any statements contained herein or
incorporated herein by references that are not statements of historical fact may
be deemed forward looking statements. Without limiting the foregoing, the words
“believes”, “suggests”, “anticipates”, “plans”, “expects”, and similar
expressions are intended to identify forward looking statements. There are a
number of events or actual results of Allied Security Innovations, Inc.
operations that could differ materially from those indicated by such forward