RIDGEFIELD, Conn., Jan. 19, 2005 (PRIMEZONE) -- Markland Technologies, Inc. (OTCBB:MRKL), a defense and homeland security company transforming advanced laboratory technology into real-world products, has announced the online availability of an in-depth interview given by Company President Ken Ducey. Markland CEO Robert Tarini made the announcement.
The entire 2,500-word interview is available free online at http://www.twst.com/ceos.htm.
In the interview, Mr. Ducey describes fundamental business information about Markland Technologies, and provides an insight into the Company's strategic goals and direction for the future.
"The Wall Street Transcript is an excellent format to allow us to explain to interested investors how Markland works, where our unique value lies, and how our strategic plan will position us for continued success in the homeland security and defense sector," said Mr. Ducey. "We are a highly technical company that is moving quickly in a complex and evolving industry, and as such we welcome every chance to tell our story in a clear and detailed manner."
Markland is a developer of next-generation technologies for a number of key segments of the homeland security and defense marketplaces. Among the Company's next-generation technologies and products are imaging sensors and other tools to help soldiers and other security personnel identify potential suicide bombers and other armed attackers.
"I was particularly interested to describe Markland's business plans for the coming years," said Mr. Ducey. "We have grown our revenues significantly over the last two years. But we have also put into place business plans that we believe will enable the Company to continue to thrive in the homeland security space for the next several years, during which we expect the industry to undergo major consolidation. All of our efforts are directed towards building and increasing Markland's technological and marketplace leadership in the coming years."
Mr. Ducey describes the business strategies for acquisition and organic growth that have enabled Markland to quickly evolve from its startup phase into a Company with annual revenues of approximately $70 million. One ongoing contract, a five-year omnibus contract between wholly-owned Markland subsidiary EOIR Technologies and the U.S. Army, may potentially provide a maximum ceiling amount of up to $80 million in fiscal year revenues for Markland. The contract has a potential value of approximately $406 million over the life of the contract.
About The Wall Street Transcript
The purpose of The Wall Street Transcript is to help investors make better investment decisions when choosing stocks and sectors. The organization interviews Wall Street professionals, CEOs and other corporate leaders to help bring the views of stock market insiders to its readers. For over 40 years, Wall Street Transcript's question-and-answer format has helped its readers obtain unique investment and financial information. Among The Wall Street Transcript's services and products are: sector roundtables, analyst reviews of sectors, conferences, and interviews with individual companies and money managers that provide professional investment strategies and advice on investment evaluation. The Wall Street Transcript does not endorse the views of any interviewees nor does it make stock recommendations. For subscription information call 800/246-7673. For more information, please visit www.twst.com.
About Markland Technologies
Markland Technologies, Inc. is committed to setting next-generation standards in defense and security through the provision of innovative emerging technologies and expert services. The Company is engaged in the identification of advanced technologies currently under development in laboratories, universities and in private industry, and in the transformation of those technologies into next-generation products. Markland's solutions support military, law enforcement and homeland security personnel to protect the nation's citizens, borders and critical infrastructure assets from the threat of terrorism and other dangers. Through strategic development, Markland focuses on the creation of dual-use technology and products with applications in both the defense market and civilian homeland security and law enforcement fields. The Company is a Board Member of the Homeland Security Industries Association, and is a featured Company on HomelandDefenseStocks.com; additional details can be viewed at: http://www.homelanddefensestocks.com/Companies/MarklandTech.
For more information about the Company and its products, please visit the Markland home page at http://www.marklandtech.com.
Forward-Looking Statements
Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statements of Markland Technologies officials during presentations about Markland Technologies, are ``forward-looking'' statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the ``Act''). Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as ``expects,'' ``anticipates,'' ``intends,'' ``plans,'' ``believes,'' ``estimates,'' or similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future actions, which may be provided by management, are also forward-looking statements as defined by the Act. Some of the factors that could significantly impact the forward-looking statements in this press release include, but are not limited to: a reduction in order rates from the Army's Night Vision and Electronic Surveillance Directorate, difficulties integrating our acquisition of EOIR, insufficient cash flow to continue to fund the development and marketing of the Company's products and technology; a rejection of the Company's products and technologies by the marketplace, and; disputes as to the Company's intellectual property rights. Forward-looking statements are based upon current expectations and projections about future events and are subject to risks, uncertainties, and assumptions about Markland Technologies, its products, economic and market factors and the industries in which Markland Technologies does business, among other things. These statements are not guarantees of future performance and Markland Technologies has no specific intention to update these statements. More detailed information about those factors is contained in Markland Technologies filings with the Securities and Exchange Commission.
Markland Technologies, Inc is a featured Company on http://www.HomelandDefenseStocks.com, a service for which Markland compensates the provider.
For full details, click here: http://www.homelanddefensestocks.com/Companies/MarklandTech/NewsReleases.asp
The ECON Investor Relations Inc. logo is available at: http://media.primezone.com/prs/single/?pkgid=350
More information on Homeland Security issues, including news releases, events and experts available for comment, can be found on the Homeland Security Newsline at www.primezone.com/hs