Urgent Breaking News for BFDI: Brekford Corp. Awarded $4 Million Rugged IT Products and Services
CHART – FIVE DAY FOR BFDI
HANOVER, Md., Mar 10, 2011 (GlobeNewswire via COMTEX) — Brekford Corp. (the “Company”) (OTCQB:BFDI) www.brekford.com, a homeland security technology service provider of fully integrated vehicle upfitting services, rugged information technology and automated traffic photo enforcement solutions has announced that the Company has been awarded a quasi-government utility contract valued at up to $4M over the period of one year.
The quasi-government utility contract is of indefinite delivery and indefinite quantity. It represents blanket purchase agreement (BPA) contracts from various quasi-government utility companies. The indefinite delivery/indefinite quantity contract is valued up to $4 million over this year. Under the terms of the contracts, Brekford will supply rugged IT Panasonic Toughbook, communications and mobile computer vehicle mounting equipment.
“We have a strong history of providing unparallel services for state and local, and federal agencies. We are proud to build on this experience and sound relationships with this our newest, quasi-government utility contract award,” stated C.B. Brechin, Chief Executive Officer of Brekford.
“Brekford has been awarded automatic traffic enforcement contracts by several municipalities during the past several months. The implementation of these contracts is anticipated to bring fresh revenues and profitability to the Company this quarter. Our increased revenue from the company’s other suite of products serves as a significant enhancement to our broadening revenue streams,” noted C.B. Brechin. “These recent awards are a strong reflection of our company’s ability to execute upon the newest technology that municipalities and law enforcement require today. Our Company is hitting on all cylinders.”
Brekford Corp. is a homeland security technology service provider of fully integrated vehicle upfitting and installation services, rugged computer and video technology and automated traffic safety solutions geared towards mission critical operations. For more than a decade we have provided services to branches of the U.S. military, various federal entities and numerous security and public safety agencies throughout the United States. We provide these agencies with an end-to-end suite of mobile communications, information technology, vehicle upfitting services, and automated traffic photo enforcement solutions that are designed to streamline procurement processes and offer maximum functionality to their day-to-day operations. Brekford delivers a one-stop shop. Brekford ‘does it all’ from Automatic Traffic Safety Solutions to providing cutting edge technology to vehicle upfitting and installation services. Additional information about Brekford may be found online at http://www.brekford.com
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.
This news release was distributed by GlobeNewswire, www.globenewswire.com
StockGuru’s Profile for Brekford Corp.
This is the condensed version – Full StockGuru Profile Found Here:
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:
Brekford Corp Website:
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