CALVERTON, N.Y., March 24, 2006 (PRIMEZONE) -- AdZone Research, Inc. (OTCBB:ADZR) today announced that the company's Chairman & CEO has issued an update to shareholders on the latest status of company operations. The full text of his remarks follows:
Dear Fellow Shareholders,
As we near the end of our fiscal 2006 operating year, I wanted to provide you with an update on the greatly improved strength of AdZone Research.
Our entire staff has been working very hard on many initiatives, not the least of which has been our very strong success with our new OPPS law enforcement product. The OPPS system has been well received, and to date we have more than 6,000 licenses ordered from more than 30 states and one Canadian province.
Keep in mind that each OPPS license ordered provides revenue of $999, and the potential of twice that much if it includes both OPPS and the FAST Report, which we are marketing simultaneously. We also are working diligently on a third module of OPPS that we expect to announce later this year to even further enhance revenue potential.
The OPPS system is currently being used by an ever-increasing number of jurisdictions around the country, many being integrated into active investigations. We are very proud of the fact that our products are being used to protect our most valuable asset, our children. As a father of three young boys, I am keenly aware of how important it is to keeping children really safe. So we are constantly working with law enforcement to enhance our already robust product line.
As many you have seen, the OPPS product has been the subject of many news media stories. We are extremely pleased at the public and media reception, which only seems to be growing.
While OPPS has admittedly been the focus of much press attention lately, the company is still working hard on other divisions, such as our proposed defense products. While there is not much we can reveal at this moment, I want to assure you that through General Weaver progress is being made.
Due to much of what has been going on lately, the company's financial position has never been better. We have deposited more than $1 million in the bank in the current fiscal quarter, and expect our financial position to continue to improve as we move forward. We also have made an arrangement to pay off the Nutmeg convertible debenture soon to reduce shareholder dilution by tens of millions of shares.
The company is also aggressively pursuing its acquisition strategy, and expects to take steps toward that end in the near future. In addition, the company will announce within the coming week the addition to our management of an officer level executive who will bring additional strength to our sales efforts, specifically as related to our OPPS system.
We are very pleased with our newfound success and are very grateful for all the very kind and supportive letters and emails we receive here. Such encouragement is always helpful and appreciated.
Best Regards, Charles Cardona Chairman & CEO
This press release is available on the company's official online Investor Relations HUB at http://www.agoracom.com/IR/AdZone for investor questions, answers and monitored commentary. Alternatively, investors are able to e-mail all questions and correspondence to ADZR@agoracom.com where they can also request addition to the investor e-mail list to receive all future press releases and updates in real time.
About AdZone Research:
AdZone provides tracking and monitoring of targeted information on the Internet, with an expanded focus on global Internet analysis of security-related data transmissions. For additional information on AdZone Research, please visit the company's Web site at http://www.adzoneresearch.com.
Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements.