Bullzi Security Signs Contracts With Two Electric Utility Providers for Its WISE NERC CIP Training Course
June 26 2008 - 10:30AM
Marketwired
LAKE MARY, FL , a leading information security provider, signs
contracts with two electric utility providers for its WISE NERC CIP
Training Course.
Thomas Welch, co-founder and President of Bullzi Security, says,
"In order to meet the training requirements of North American
Electric Reliability Council (NERC) Cyber Security Standard, two
more electric utility providers have purchased the WISE NERC CIP
Training Course. The revenue from these two contracts is just under
$100,000 and adds 6,100 new users to Bullzi's growing user base.
While the NERC regulation has been driving many of the recent
deals, other regulatory programs, such as such as Sarbanes-Oxley
(SOX), Gramm-Leech-Bliley Act (GLBA), the Health Insurance
Portability and Accountability Act (HIPAA), and the Payment Card
Industry Data Security Standard (PCI DSS) have also had a positive
impact on WISE sales. Bullzi has been signing contracts for its
education software with some of the most prestigious domestic and
international companies, which, by itself, highlights the quality
of our products. For a complete listing of Bullzi's new clients, go
to www.bullzisecurity.com."
Michael Welch, co-founder and Vice President of Bullzi Security,
also said, "We're seeing an explosive increase in training
initiatives driven by the NERC CIP Standards. Achieving compliance
with NERC CIP requires a number of solutions as part of a
continuous process and phased rollout. Bullzi Security has the
experience in implementing successful security solutions for the
utility industry to meet all the NERC CIP compliance requirements.
Our last four major deals have been training projects based on NERC
CIP 004 as companies are working to meet the June 30, 2008
compliance date. Web-based security awareness programs are the most
effective way for employees to increase their level of awareness
regarding security. The WISE content is customized for each unique
client environment and is easily deployed enterprise-wide. Employee
usage can be tracked, while the reporting functions document
compliance with the CIP 004 Standard."
Mr. Thomas Welch went on to say, "Bullzi closed 2007 with
$1,144,567 in revenue and has made the turn from a growth company
to a profitable firm in 1Q08. Bullzi posted first quarter revenues
of $296,310, a 25% increase over 1Q07 revenues of $235,911. More
importantly, we went from a $68,346 loss in 1Q07 to show a profit
in 1Q08. Bullzi Security will be posting 2007 Year-end financials,
1Q08 financials and an updated Disclosure Statement on or before
July 8, 2008. Bullzi Security is also forecasting a profitable 2nd
quarter. More details about 2Q08 will be available in the July 8th
release."
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 (PINKSHEETS: BLLZ).
For more information or to schedule an interview, please
contact: Michael Welch mdwelch@bullzisecurity.com
1-407-562-1864
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