OVERLAND PARK, KS--(Marketwire - September 24, 2010) - Digital Ally, Inc. (
The Company also announced that two major Sheriff's departments in the Southeastern U.S. have placed initial orders for DVM-750 systems, while another Sheriff's department in that region has placed its third reorder, consistent with its plan to install a DVM system in each of its patrol cars.
All of these orders, which will generate almost $1 million in revenue for the Company, are expected to be shipped late in the third quarter or early in the fourth quarter of 2010, in accordance with installation and training schedules within the respective departments.
"This is great news from major domestic law enforcement agencies, a growing number of which have adopted our DVMs as their exclusive in-car video system for new vehicles and upgrades to their existing fleet of vehicles," stated Stanton E. Ross, the Company's Chief Executive Officer. "We continue to expand our base of new customers, while maintaining a strong pipeline of reorders from existing customers, as satisfaction with the performance of our DVM systems gains recognition throughout the law enforcement community. We believe our growing customer base sets the stage for further market penetration by our new products, including the First Vu wearable body camera and LaserAlly LIDAR speed detection system."
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 is Digital Video Imaging and Storage. For additional information, visit 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: whether the Company will be able to achieve record revenues and operating income in 2010 in the current uncertain economic environment; the Company's ability to generate additional orders from domestic and foreign law enforcement agencies; its ability to expand its share of the in-car video market in the domestic and international law enforcement communities; competition from larger, more established companies; its ability to attract and retain customers and quality employees; and changes in government regulations, tax rates and similar matters. These cautionary statements should not be construed as exhaustive or as any admission as to the adequacy of the Company's disclosures. The Company cannot predict or determine after the fact what factors would cause actual results to differ materially from those indicated by the forward-looking statements or other statements. The reader should consider statements that include the words "believes", "expects", "anticipates", "intends", "estimates", "plans", "projects", "should", or other expressions that are predictions of or indicate future events or trends, to be uncertain and forward-looking. The Company does not undertake to publicly update or revise forward-looking statements, whether as a result of new information, future events or otherwise. Additional information respecting factors that could materially affect the Company and its operations are contained its annual report on Form 10-K for the year ended December 31, 2009,and its quarterly report on Form 10-Q for the three and six months ended June 30, 2010, as filed with the Securities and Exchange Commission.
Contact Information:
For Additional Information, Please Contact:
Stanton E. Ross, CEO at
(913) 814-7774
or
RJ Falkner & Company, Inc., Investor Relations Counsel
(800) 377-9893
or via email at info@rjfalkner.com