BFDI Breaking-out – Up as much as 19.5% on Great News Yesterday Released After the Close
BFDI Up 19.5% on Strong Volume
This follows news of a large contract and coverage on that contract in the Hagerstown, PA Newspaper – The Herald-Mail.
- Yesterday’s close: $0.5699
- Today’s high (so far): $0.681
Yesterday’s news and a link to the Herald-Mail article on BFDI:
Breaking News BFDI: Major City Selects Brekford to Implement Automated Speed Enforcement Program
HANOVER, Md., Dec. 21, 2011 (GLOBE NEWSWIRE) — Brekford Corp. (the “Company”) (OTCBB:BFDI.OB – News) (OTCQB:BFDI.OB – News), a leading technology service provider of fully integrated traffic safety solutions, vehicle upfitting, and rugged mobile technology is selected for its largest multi-year contract to date to provide the City of Hagerstown, Maryland with School Zone Speed Cameras and related program support services.
Read it here: Hagerstown moves toward using speed-enforcement cameras
Company CEO, C.B. Brechin commented, “Sustainable growth has been the objective of our Traffic Safety Group from its outset last year. We are pleased to close out this fiscal year winning our largest contract to date. This contract really underscores to our shareholders our enormous growth potential. Brekford continues to grow and edge out the competition by providing the most innovative, cutting edge traffic safety solutions in the industry.”
Terms of the contract state two (2) years of service with three (3) additional years renewable upon mutual accord and include the installation of both portable and mobile cameras in designated school zones. For the first 30 days, the City of Hagerstown Police Department will use the speed cameras to issue warning notices to vehicles exceeding the speed limit by 12 miles per hour or more over the posted speed. After the initial 30-day period drivers captured speeding will then be issued a citation.
Maurice Nelson, Managing Director of Brekford stated, “The Company reached an important milestone today which we believe will equate to similar additional wide scope multi-year contracts as municipalities continue to understand the long-term impact of a successful automated traffic safety program.”
BACKGROUND
In the Spring of 2009, the Maryland State General Assembly passed Maryland Transportation Law Section 21-809 allowing the use of “photographic speed-monitoring systems”. As a result of this legislation, the Maryland Transportation Article includes for Capitol Heights, MD the use of photographic speed-monitoring systems in its school zones. A photographic speed-monitoring system is a speed-measuring system that works in conjunction with a photographic, video, or electronic camera to automatically measure the speed and produce photographs or digital images of vehicles violating a speed limit or speed restriction.
According to the Insurance Institute for Highway Safety, in 2010 a review of 28 studies into the impact of speed enforcement technology found that injury and fatal crashes fell as much as 60 percent in areas with speed cameras. The cost to U.S. municipalities from speed-related crashes, as reported by the National Highway Safety Administration, is over $40 billion annually.
About BREKFORD
For over a decade, Brekford has been providing services to the U.S. military, various federal entities and numerous security and public safety agencies throughout the United States with an end-to-end suite of mobile computer and video technology, vehicle upfitting services, and automated traffic safety solutions. Brekford is a one-stop shop with its unique 360-degree approach to vehicle upfitting services, cutting edge mobile and video technology, and automated traffic enforcement services for homeland security and law enforcement agencies. Additional information about Brekford may be found online at www.brekford.com
The Brekford Corp. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6847
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of that term in Section 21E of the Securities Exchange Act of 1934, as amended. Actual results may differ materially from the results suggested by these forward-looking statements, for a number of reasons, including, but not limited to, market conditions, the cost and success of development activities and ability to successfully manage growth. Readers are referred to the documents filed by Brekford Corp. with the SEC, specifically the Company’s most recent reports filed on Form 10-K and Forms 10-Q, which further identify the important risks, trends and uncertainties which could cause actual results to differ materially from the forward-looking statements in this press release. The Company expressly disclaims any obligation to update any forward-looking statements.
StockGuru’s Profile for Brekford Corp.
This is the condensed version – Full StockGuru Profile Found Here:
http://www.stockguru.com/about/bfdi/
Brekford Corp. is an established company which has for more than a decade provided its products and services to branches of the U.S. military, various federal entities and numerous security and public safety agencies throughout the United States. The company has used this solid foundation to participate in the hottest technological development in law enforcement in existence:
- Automated Traffic Enforcement and
- Automatic Traffic Safety Solutions
Not only is Brekford in the right place at the right time, but they have positioned themselves in this rapidly expanding technological field to generate ongoing revenue by issuing the citation, collecting the fines and retaining a percentage of the amount collected for shareholders.
Brekford Builds on Decade Long Relationships in Hottest Law Enforcement Focus
Automated Traffic Enforcement and Automatic Traffic Safety Solutions
Brekford has the winning combination you look for in an emerging company.
The Company has been able to build upon its ten years of established relationships to be the One-Stop solution in the ‘hot’ technological focus of Automated Traffic Enforcement and Automatic Traffic Safety Solutions. As municipalities search for additional revenue streams, Brekford’s Automated Traffic Enforcement and Automatic Traffic Safety Solutions presents an attractive opportunity amongst its multiple products.
Brekford’s new division focused on Automated Traffic Enforcement is attractive to municipalities searching for additional revenue. Beckford provides turn-key (violator funded programs) by which municipalities are witnessing positive cash flow without unduly taxing its law abiding residents.
The Value Story
With so few shares outstanding, value becomes easy to build with the right foundation.
Here is how I see Brekford’s foundation for Success:
- Management team with the experience and expertise to create value for shareholders
- Proven ability to establish and execute an economically viable business plan
- Existing brand and company image
- Organized and motivated employees
- Products and Services delivered in a timely and cost-efficient a manner
- Market demand with exponential market growth potential
There are just under 40.1 million shares issued and outstanding. With the market cap currently at about $4.5 million based on the most current share price, the BFDI clearly is undervalued in the market. With Automated Traffic Enforcement on the rise, clearly Brekford is in a position to increase revenues and also increase its market cap and share price.
It is this long-term foundation supported by established relationships that has created the opportunity Brekford has developed, in what is becoming the ‘hot’ technological focus of Automated Traffic Enforcement and Automatic Traffic Safety Solutions. As municipalities search for additional revenue streams, Brekford’s Automated Traffic Enforcement and Automatic Traffic Safety Solutions presents an attractive opportunity amongst its multiple products.
Brekford’s new division focused on Automated Traffic Enforcement is now assisting budget strapped municipalities in providing turn-key (violator funded programs) by which municipalities are witnessing positive cash flow without unduly taxing its law abiding residents.
This is the condensed version – Full StockGuru Profile Found Here:
http://www.stockguru.com/about/bfdi/
Brekford Corp Website:
BFDI Disclosure: Pentony Enterprises LLC entered into an investor relations consulting and market awareness contract in March of 2011. BFDI has hired us for six thousand dollars. We have taken no free trading shares. To avoid all potential conflicts of interest, we never sell shares into the open market during an active market awareness or investor relations program. Pentony Enterprises is not a registered investment adviser or a broker/dealer. Pentony Enterprises LLC makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment in such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk.
