Sharp Increase in Quarterly Earnings Reported Wednesday, March 3, 2010
B-Scada Inc. (OTC:MOBS), today announced sharply higher revenue from continuing operations for the quarter ending January 31, 2010.
Revenue for the quarter was $347,023, a significant increase over the $16,126 for the same period last year. Net income was $96,493. During the last quarter we also generated a backlog of $1,000,000 in revenue expected over the next three years. We are now in discussions which we believe will lead to additional major licenses and individual software product sales, further increasing our current backlog.
Allen Ronald DeSerranno, President & CEO, said, "With the generosity and continued support of our shareholders, B-Scada has been able to execute its business plan and produce some world class technology. We are now transitioning the company from its Research and Development Phase to our Growth Phase. Our industrial monitoring and control solution 'Status' is being very well received by the market. Our technology was recently licensed by two leading Fortune 500 companies and individual sales of our software products have been increasing." When asked about upcoming quarters, Mr. DeSerranno stated that "…revenue is expected to continue to be much stronger than the previous year, we are very optimistic about the company's future."
B-Scada specializes in the compelling visualization of real-time data. B-Scada has produced exceptional data visualization solutions for manufacturing, power & utilities, automation, and other fields of business making use of HMI (Human Machine Interface) and SCADA (Supervisory Control and Data Acquisition) software products. Recognizing that data visualization can be used in multiple vertical markets, B-Scada will be leveraging its technology to expand into other lines of business like digital signage, financial, healthcare and touch-screen solutions. B-Scada leverages Silverlight, Windows Presentation Foundation and Windows Azure by Microsoft in the development of its products.