Secured Digital Applications, Inc. (OTCBB:SDGL), a global provider of business process outsourcing services and systems integrator for Radio Frequency Identification (“RFID”) and Global Positioning System (“GPS”) enabled tracking applications today announced that it was awarded a $2.825 million contract to install and maintain a real-time GPS fleet tracking management system for 1100 trucks owned by a leading logistics operator in Guangdong, China.
Installation of the system, based on the Company’s EyStar SOS-01 GPS tracker, is scheduled to begin in Q2 2008 and is expected to be completed by August 2008. The system’s vehicle tracking software will enhance the operator’s fleet efficiency and provide an audit trail on each individual vehicle and employee. With the real-time tracking software, the dispatcher can locate the vehicle within 30 seconds and re-route a driver to a new call in the same area saving time, gas and overtime.
Patrick Lim, Chairman and CEO of Secured Digital commented: “We are extremely pleased to have secured this contract in China. We hope that it will pave the way for Secured Digital to introduce its GPS, RFID, GSM and Bluetooth-enabled products and services in China. Going forward, we will be placing greater emphasis in developing our presence in China.”
About Secured Digital Applications, Inc.:
Secured Digital Applications, Inc. is a global provider of Business Process Outsourcing (“BPO”) services and systems integrator for Radio Frequency Identification (“RFID”) and Global Positioning System (“GPS”) enabled tracking applications. The Company’s BPO services include online financial accounting integrated with RFID enabled document, people, inventory and asset tracking applications; and multimedia content production. The Company's media production includes content for television, the Internet and multimedia presentations. The Company also develops and implements solutions for smarthome and biometric security. The Company’s current target market for its products and services include customers from the United States, Asia and Australia. For more information, please visit www.digitalapps.net, www.eystar.com and www.sdawmedia.com. Information on our websites does not comprise a part of the press release.
Safe Harbor Statement:
Information contained in this press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the use of forward-looking terminology such as "believes", "expects", "is expected", "intends", "may", "will", "should", "anticipates", "plans" or the negative thereof. These forward looking statements often include forecasts and projections for future revenue and/or profits and are subject to revision and are not based on audited results. Forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual results to vary materially from historical results or from any future results expressed or implied in such forward-looking statements. Such risks and uncertainties include, but are not limited to, economic downturns, failure to achieve anticipated short- and long-term financial benefits from our business, failure to achieve market demand and acceptance for our products and services and failure to generate sufficient capital or to obtain financing to fund our operations and growth. The Company does not undertake to update, revise or correct any forward-looking statements. Investors are cautioned that current results are not necessarily indicative of future results, and actual results may differ from projected amounts. For more complete information concerning factors that could affect the Company's results, reference is made to the Company's registration statements, reports and other documents filed with the Securities and Exchange Commission.