Being in the right place at the right time is crucial. That is precisely where you find Brekford Corp. Net Income for 2011 was positive with net sales totaling approximately $11.6 million.The Company’s cash position as of the end of 2010 remains positive at $1.5 million with a gross profit for 2010 of $1.9 million. This Company is well positioned in every facet of their business, including financial, to capture additional business for shareholder growth.
Established Client Relationships
As we see Automated Traffic Enforcement and Automatic Traffic Safety Solutions burst on to the scene in a meaningful manner Brekford is right there, with ten years of experience providing 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.
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.
Fresh Revenue Stream
Brekford’s automated photo enforcement program was implemented during December 2010. A fresh stream of revenues has been created from this newly introduced program.
Automated Traffic Enforcement
Photo Red Light and Speed Enforcement
Brekford’s photo red light and its speed enforcement programs help reduce the incidences of aggressive driving, through voluntary compliance while delivering a revenue stream municipalities need so greatly at this time.
The Automated Traffic Enforcement focus represents a tremendous growth opportunity for Brekford. While currently 450 communities operate Automated Traffic Enforcement Progams, this number is expected to expand rapidly.
Brekford’s Automated Traffic Enforcement Group (ATEG) offers intersection safety (red light), photo speed, work zone and school bus enforcement programs with a complete suite of program support solutions.
Brekford is a solid company, an established company, at the right place for growth in law enforcement environment just beginning to embrace Automated Traffic Enforcement Programs. This means growth and shareholder value, right here, right now.
This 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.
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