Bullzi Security Issues Shareholder Update
07 5월 2009 - 12:00AM
Marketwired
Bullzi Security Inc. (PINKSHEETS: BLLZ), a leading information
security provider, issues this Shareholder update to report on
recent company activity, as well as the 2008 financial results.
Thomas Welch, co-founder and President of Bullzi Security, says,
"Bullzi Security closed 2008 with approximately $930,000 in
revenue. While this is a 17% decrease in revenue, as compared to
the $1,140,151 revenue in 2007, the company maintained sound
business operations. This was mainly accomplished through a variety
of cost controls. The difficult economic environment had delayed
some projects that were scheduled for 2008, which was the primary
reason for the decrease in revenue. That being said, the prospects
for 2009 look exceptional."
Some of the major highlights for 2008 were as follows:
-- Rollout of our Identity Theft Course to 40,000 users worldwide for
large payroll company (in 14 languages)
-- Rollout of our PCI Awareness Course to a major retailer in Canada
-- Rollout of NERC CIP Awareness Course to multiple utility companies
-- Creation of the Chemical-terrorism Vulnerability Information (CVI)
Training Course
-- Added four new Resellers to the OEM Reseller Program
-- Addition of 75,000 new Learners
Michael Welch, co-founder and Vice President of Bullzi Security,
says, "Regulatory programs are still the primary driver for overall
sales in 2009 and beyond. This includes past regulatory standards,
such as Sarbanes-Oxley (SOX), Gramm-Leech-Bliley Act (GLBA), Health
Insurance Portability and Accountability Act (HIPAA), the Payment
Card Industry Data Security Standard (PCI DSS) and the North
American Electric Reliability Council (NERC) CIP Standard, as well
as some of the newer standards such as the Red Flag Rule and
Chemical Facility Anti-Terrorism Standards (CFATS). While
enforcement for the Red Flag Rule has been delayed to August 1,
2009, it does require creditors and financial institutions to adopt
an Identity Theft Prevention Program. We believe that Bullzi
Security will benefit from this ruling though increased sales of
our Identity Theft Training program."
Mr. Thomas Welch went on to say, "We're expecting great success
in 2009, from both a sales and earnings perspective. Bullzi
Security had a loss of approximately $826,504 in 2007, was nearly
break-even in 2008 and is expecting strong earnings in 2009.
Backlog is starting to increase, current clients are ordering and
requesting new products and our Blue Chip client base continues to
grow. What's most exciting about 2009 is the addition of over 350
new lessons on a variety of security, privacy and regulatory
topics. These new lessons are currently in development, with
initial releases slated for early June."
In closing, Mr. Thomas Welch stated, "We're going to bring our
information statement and financial postings current over the next
60 - 90 days. This will help our Shareholders to better understand
our progress throughout 2009."
Bullzi Security is Strong, Stable and Secure!
About Bullzi Security Inc.
Bullzi Security is a leader in providing 'converged' security
solutions. Through its consulting services and integrated delivery
systems, Bullzi Security helps to minimize threats to its clients'
assets, facilities, personnel and information systems. As a full
service security firm, Bullzi Security offers compliance programs,
information security services, physical security solutions,
security education programs, document security and investigative
services. Bullzi Security brings a unique set of skills and
experience to ensure that its clients receive the most
comprehensive, cost-effective security services available. The
Bullzi Security trading symbol is (BLLZ.pk).
For more information or to schedule an interview, please
contact: Michael Welch mdwelch@bullzisecurity.com
1-407-562-1864
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