News: We’ve weathered a storm and most importantly have kept with our game plan - WASHINGTON
WASHINGTON, Oct. 1 /PRNewswire-FirstCall/ -- CYIOS Corporation (OTC Bulletin Board: CYIO) -- CYIOS is in a strong position with current contract vehicles and has a pipeline of awards that could be announced anytime now. “We are patient everyday for the Government to make these awards -- we have a great game plan that works and we are succeeding,” said Timothy W. Carnahan.
Our Status:
GAAP Results: Revenues are on track to meet or exceed last year’s $2.2 million. If contracts are awarded then we will definitely exceed 2007’s numbers. We use our product CYIPRO and it has proven to allow CYIOS to do more with less. Our overhead as we grow will not be congruent with gross sales -- they will be significantly less -- as we are a corporation that is benefiting from using a knowledge management portal, CYIPRO.
We’ve updated our presence on the Internet, please visit http://www.cyios.com to learn about what we do, what contracts and partners we have and where we are heading.
Corporate Structure and Plan:
CYIOS has two companies, one that provides Department of Defense services and the other that sells a product to support Government initiatives like Teleworking, Earned Value Management and Program management. Revenue has not been recognized from the product as to this date. “Our product CYIPRO is a Microsoft SharePoint add-on -- its turnkey and works with Microsoft Mobile 6.1 and Apple Iphone. I use it every day, most important is I don’t ’rethink the wheel’ as I can tap into our knowledge management portal, CYIPRO, and find out how we did it before -- that saves time, frustration and money,” said Timothy W. Carnahan.
CYIOS’s plan with the new government fiscal year is to continue with its current contracts that expire as late as 2019 and launch its product CYIPRO. “We have a formula that works -- but takes time. Our staff is mature, experience and diligent. We compete with the top organizations in the Department of Defense and we win. CYIOS is an organization to invest with and be a part of a successful journey!!! In the next 12 months get ready for a great year and a lot of prosperity while succeeding!!!” said Timothy W. Carnahan.
About CYIOS Corporation
CYIOS Corporation (OTC Bulletin Board: CYIO) is a leading Department of Defense (DoD) contractor providing cutting-edge, innovative solutions since 1994. This innovation extends to three distinct areas: Systems Integration, Web and Database Development, and Business Process Management and Improvement. CYIOS takes innovation quite seriously as our mission reflects: To provide Business and Technology Solutions by developing, designing, implementing and supporting innovative solutions through knowledge transfer, imagination and trust. Innovation is ingrained in CYIOS’ culture and our talented employees have built a legacy that continues today for our customers. For more information, please visit http://www.cyios.com.
Forward-Looking Statements
This press release may contain forward-looking statements, including, without limitation, all statements related to future financial performance, plans to grow our business and build our brand. Words such as “expect,” “anticipate” and similar expressions are intended to identify forward-looking statements. These forward-looking statements are based upon our current expectations. Forward-looking statements involve risks and uncertainties. Our actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of these risks and uncertainties, which include, without limitation, risks related to our fluctuating operating results, seasonality in our business, our ability to acquire products on reasonable terms, our online business model, demand for our products, the strength of our brand, competition, our ability to fulfill orders and other risks detailed in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the Year ended December 31, 2007 and our Quarterly Reports on Form 10-Q. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement, and the company undertakes no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date hereof.
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SOURCE CYIOS Corporation