Bullzi Security Releases 2010 Year-End Financials
February 23 2011 - 10:35AM
Marketwired
Bullzi Security Inc. (PINKSHEETS: BLLZ), a leading security
consulting and education provider, releases its 2010 year-end
financials.
Bullzi Security closed the year (2010) with $ 869,118 in
revenue, which represents a 14% increase over the same period last
year. More importantly, Net Income for this period was $76,042, as
compared to a loss of $29,155 for the same period in 2009.
According to Thomas Welch, co-founder and CEO of Bullzi
Security, "The majority of the consulting work in 2010 was related
to NERC CIP compliance and computer forensics projects. During the
12 month period ending December 31, 2010, consulting sales were
$466,633, which was up $431,014 from $35,619 for sales from the
same period in 2009. Our education product, WISE, attributed to 46%
of the 2010 revenue. This includes new WISE clients, such as
Alliance Pipeline, Advance America and Rogers Communication."
Mr. Welch went on to say, "In addition to our standard security
education offering, Bullzi has begun to develop courseware outside
of Information Security to open up new channel sales. Bullzi has
started to market its Medicare Training course initially developed
for the State of New Jersey to other states and has gotten an
excellent response. Bullzi also closed another large on-line
training project in December with the Orlando Utilities Commission
(OUC). This is a multi-year project in which Bullzi will be
creating a comprehensive Line Technician Training Curriculum. With
the recurring revenue from annual license renewals and the OUC
contract, Bullzi will be starting 2011 with approximately $600,000
in backlog revenue."
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 Bullzi Security, Inc. 1-866-930-3840
mdwelch@bullzisecurity.com www.bullzisecurity.com
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