Sunday, November 15, 2009

ELECTRONIC SECURITY GETS 1.5 MILLION IN NUCLEAR FACILITIES SECURITY AWARDS

Astoria, New York
Electronic Security ( EKCS ) has gotten awards for the second consecutive week. Last week it received awards for nuclear facilities security upgrades amounting to 1.5 million. To end the week, a 10Q filing stated that profit margins soared to 72.9 percent, probably the highest ever seen for this company in any single quarter. EKCS's revenues declined though. The company also achieved a net profit from operations but lost nearly almost 1/2 penny or (nil) after interest depreciation and taxes. The previous week, Electronic Control Security received a subcontract from Lockheed Martin that could amount to more than 1 million per year for the next 3 years. Please review for additional info in its filings.
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