Science Dynamics Reports Year-End Results PENNSAUKEN, N.J., April 1 /PRNewswire-FirstCall/ -- Science Dynamics
Corporation Sales for the fiscal year end were $1,609,717 compared to $1,490,834 in the 2003 fiscal year. Revenues in 2004 and 2003 for software technology sales were predominantly derived from the Commander product lines. Approximately 30% was from consulting services and revenue generated from the maintenance and support of those products. The increase can be attributed to an increase in consulting services. Science Dynamics CEO Paul Burgess said, "Coming out of a downturn in the telecommunications market, it is crucial that we have a diverse product offering to mitigate risk associated with a single industry or market. We are expanding our product line through a combination of acquisitions, such as Systems Management Engineering, as well as product development." On February 28, 2005, Science Dynamics announced that it had acquired an 82% equity interest in Systems Management Engineering, Inc. (SMEI). Based on contracted projects, the transaction is expected to add approximately $4 million in 2005 sales. The acquisition significantly broadens the company's business from its current role as a provider of technology solutions to correctional facilities. SMEI is a provider of advanced data management applications and Internet server technology to government and commercial markets. Currently over 80% of SMEI's business is with the Department of Defense (DoD) and 10% is with private companies that have contracts with the government. SMEI's Aquifer Software is a DoD-certified application that creates and manages communications networks and real-time transaction processing in a highly secure environment. The Aquifer product has built in DoD-certified security. Science Dynamics believes that combining Aquifer's application management qualities with the IP-based transaction processing capabilities of BubbleLink provides the company with a dynamic product offering that can be used to develop vertical applications encompassing a multitude of industries. About Science Dynamics Corporation Headquartered in Pennsauken, N.J., Science Dynamics Corporation is a developer of telecommunications solutions with nearly 25 years of experience. Science Dynamics Corporation's solutions are installed in over 30,000 ports throughout 18 countries worldwide. Customers include regional Bell operating companies, next-generation IP carriers, corporate enterprises and U.S.-based correctional facilities. Product solutions include call control systems, calling cards, video over frame relay devices and VoIP gateways. For more information, visit http://www.scidyn.com/ . About Systems Management Engineering, Inc. Science Dynamics owns 82% of SMEI. SMEI has developed advanced data management applications, Internet server technology and information systems that it markets to both public and private sectors. SMEI's product, Aquifer, helps its customers reduce development time for projects, manage the deployment of applications across the Internet to desktops around the world and implement military-grade security on all systems where the applications are deployed. For more information about SMEI, visit http://www.sysmanagement.com/ . Forward-Looking Statements: Certain statements made in this press release by Science Dynamics Corporation are forward-looking statements. Although such statements are based on current expectations they are subject to a number of future uncertainties and risks, and actual results may differ materially. The uncertainties and risks include, but are not limited to the successful operation of Systems Management Engineering, Inc., additional potential acquisitions of Science Dynamics Corporation and the ability of Science Dynamics Corporation to effectively execute its business plan and develop a successful business. Any forward-looking statements are made pursuant to the Private Securities Litigation Reform Act of 1995 and, as such, speak only as of the date made. Statements made in this document that are not purely historical are forward-looking statements, including any statements as to beliefs, plans, expectations, anticipations or intentions regarding the future. Science Dynamics Corporation assumes no obligation to update information concerning the forward-looking statements contained herein. Science Dynamics Corporationhttp://www.sysmanagement.com/ Home
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