NEW YORK, May 18, 2010 /PRNewswire-FirstCall/ -- Suspect Detection Systems Inc., (SDSS.OB), proprietor of counter terror and crime prevention technology developed by its subsidiary Suspect Detection Systems Ltd., today reported financials for Q1 of the 2010 fiscal year.
Highlights of the financial reports are as follows: - The company reported revenues of $620,199 in Q1 2010, versus $168,892 revenues in Q1 2009 - Gross profits were $581,860
"I am extremely pleased with the Q1 financial results," said Gil Boosidan, CEO of Suspect Detection Systems Inc. "The company posted strong revenues and impressive gross income demonstrating the positive growth of our company. We expect these trends to continue in the coming quarters."
About Suspect Detection Systems
Suspect Detection Systems Inc. through its subsidiary Suspect Detection Systems Ltd., is a developer of proprietary counter terror and crime prevention technology designed to identify threats in real-time, and prevent incidents before they are carried out. The technology detects the hidden 'hostile intent' of assailants-before they commit their intended acts-with a remarkable degree of accuracy. The system can also be used after crime was committed to quickly identify criminals from among a pool of suspects.
Learn more about Suspect Detection Systems Inc. and Cogito Technology online at http://www.sdss-corp.com/.
Forward-Looking Statements
This letter contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain, based on current expectations and assumptions concerning future events or future performance of Suspect Detection Systems and its technologies. Readers are cautioned not to place undue reliance on these statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release, as actual results may differ materially from those indicated in the forward-looking statements. Suspect Detection Systems' public filings may be viewed at http://www.sec.gov/.
Contact: Alex Traiman, SDSS Public Relations, +1-646-863-9729, alext@sdscp.com
Suspect Detection Systems
CONTACT: Contact: Alex Traiman, SDSS Public Relations, +1-646-863-9729,
alext@sdscp.com
