SOURCE: Patron Systems

April 03, 2007 10:14 ET

Patron Systems Announces Delay in 10-K Filing

BOULDER, CO -- (MARKET WIRE) -- April 3, 2007 -- Patron Systems, Inc. (OTCBB: PTRN), a leading provider of application software and services focused on business process management for the public sector, announced today that it is availing itself of an automatic fifteen-day extension to file its Form 10-KSB for the year ended December 31, 2006 by filing Form 12b-25 with the Securities and Exchange Commission (SEC). The additional time required reflects the unexpected delays in the completion of the Company's annual audit. The Company expects to complete the 2006 Form 10-KSB filing by April 17, 2007.

About Patron Systems

Patron Systems, Inc. provides application software and services focused on business process management in the public sector. Patron's current application software offering, FormStream, is an open standards information sharing tool that addresses the need for law enforcement and public safety agencies to share information between local, state and federal law enforcement and homeland security agencies. FormStream is a mobile electronic forms (e-forms) application, which provides a highly scalable, open standard, network independent method for the distribution and synchronization of e-forms to mobile devices. The implementation of FormStream allows its user agencies to update and modernize their business processes to utilize the sophisticated form and user based business rules and process routing capabilities. FormStream addresses mobile e-form creation, capture and sharing over wireless networks and manages data in industry standard formats (forms: .pdf, XDP and XML; law enforcement: Global Justice XML data model (GJXDM) and National Information Exchange Model (NIEM)). Further information is available at http://www.patronsystems.com

Forward-Looking Statements

This release may contain statements that are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current estimates and projections about Patron Systems' business, which are derived in part on assumptions of its management, and are not guarantees of future performance, as such performance is difficult to predict. Actual outcomes and results may differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Such factors include, but are not limited to, the Company's ability to execute effectively its business plan and acquisition strategy, changes in the market for electronic message management solutions, changes in market activity, the development of new products and services, the enhancement of existing products and services, competitive pressures (including price competition), system failures, economic and political conditions, changes in consumer behavior and the introduction of competing products having technological and/or other advantages. These and other risks are described in the Company's filings with the Securities and Exchange Commission, which should be read in conjunction herewith for a further discussion of important factors that could cause actual results to differ materially from those in the forward-looking statements. The Company assumes no obligation to update information concerning its expectations.

Contact Information

  • CONTACT:
    Martin "Tork" Johnson
    Patron Systems, Inc.
    cell: +1-312-543-7488

    The Ruth Group
    Denise Roche (investors)
    646-536-7008
    Catherine Bright (media)
    646-536-7013