Digital Ally, Inc. Anticipates 150% Increase in First Quarter Revenue to Over $8.6 Million
OVERLAND PARK, Kan. , April 10 /PRNewswire-FirstCall/ -- Digital Ally, Inc.
(Nasdaq: DGLY), which develops, manufactures and markets advanced video
surveillance products for law enforcement, homeland security and commercial
security applications, today announced that it expects to report that revenue
for the three months ended March 31, 2008 increased approximately 150% to over
"We sold a record number of DVM-500 In-Car Video Mirror systems to law enforcement agencies during the first quarter of 2008, and almost two-thirds of these sales represented reorders from existing customers," stated Stanton E. Ross , Chief Executive Officer of Digital Ally, Inc. "Our largest shipment during the quarter involved a reorder for 265 additional DVM-500s from an international customer that placed its first order with Digital Ally in the second half of 2007. Our customer base now includes over 1,700 law enforcement agencies in all 50 states and 12 foreign countries."
"Based upon information currently available, we expect to report record
operating income for the quarter ended March 31, 2008 , as well," continued
Ross. "We also remain comfortable with our previous guidance that 2008
full-year revenue should approximate
About Digital Ally, Inc.
Digital Ally, Inc. develops, manufactures and markets advanced technology products for law enforcement, homeland security and commercial security applications. The Company's primary focus involves Digital Video Imaging and Storage. For additional information, visit http://www.digitalallyinc.com
The Company is headquartered in Overland Park, Kansas , and its shares are traded on The Nasdaq Capital Market under the symbol "DGLY".
This press release contains forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Act of 1934. These forward-looking statements are based largely on the
expectations or forecasts of future events, can be affected by inaccurate
assumptions, and are subject to various business risks and known and unknown
uncertainties, a number of which are beyond the control of management.
Therefore, actual results could differ materially from the forward-looking
statements contained in this press release. A wide variety of factors that may
cause actual results to differ from the forward-looking statements include,
but are not limited to, the following: the Company's ability to have all of
its new product offerings perform as planned or advertised; whether there will
be a commercial market, domestically and internationally, for one or more of
its new products; its ability to commercialize its products and production
processes, including increasing its production capabilities to satisfy orders
in a cost-effective manner; its ability to continue to increase revenue and
profits, including the achievement of approximately
SOURCE Digital Ally, Inc.
