SOURCE: Stellar Technologies, Inc.

November 07, 2005 12:29 ET

Stellar Technologies, Inc. Announces Substantial Revenue Growth for the Fiscal Year Ended June 30, 2005

NAPLES, FL -- (MARKET WIRE) -- November 7, 2005 -- Stellar Technologies, Inc. (OTC BB: SLLR), a leading provider of employee Internet management and security solutions, reported revenues of $882,805 for the fiscal year ended June 30, 2005. The reported revenues represent a 325% increase over the comparable 12 month period ended June 30, 2004. Stellar attributes the substantial growth primarily to expansion of its product lines, the acquisition of its e-mail migration product, and increased marketing efforts.

Stellar also reported deferred revenues of $398,378 at June 30, 2005, more than double the amount reported at June 30, 2004. Deferred revenues are amounts billed to customers in excess of the amount Stellar recognizes as revenues on its statement of operations.

During the fiscal year, Stellar Technologies announced several important developments, including:

--  Release of Stellar Internet GEM, Stellar's comprehensive policy
    filtering, archiving and data retrieval management suite.
    
--  Partnership with Verity™ to enable Stellar to filter over 300
    attachment types associated with e-mail and instant messaging.
    
--  Partnership with PatchLink™ to enable Stellar to deploy updates
    automatically to Internet management customers regardless of their
    location.
    
--  Release of E-Mail Shuttle 2005 to offer organizations a more
    streamlined migration process during GroupWise® migrations.
    
"We are pleased with our results of operation for fiscal 2005. In addition to our substantial increase in sales and our growing pipeline, we have received a very positive reception for Stellar Internet GEM, our latest content management solution. As we close out our 2005 fiscal year, we move into fiscal 2006 with substantial upward momentum. Building on our many strong accomplishments in 2005 will be integral to our success during the upcoming year," stated Stellar Technologies, Inc. President, Don Innis.

About Stellar Technologies, Inc.

Florida-based Stellar Technologies, Inc. (OTC BB: SLLR) is a leading provider of employee Internet management solutions offering a full range of management and security products to business and government organizations. Specializing in monitoring, filtering, reporting and archiving of employee e-mail, Web browsing and instant messaging, Stellar's products assist in heightening litigation control, increasing compliance with applicable regulations, reducing IT resources and improving employee productivity. Stellar Technologies is also the leading provider of AnyWhere2AnyWhere™ e-mail migration. The E-Mail Shuttle provides a complete migration and coexistence solution: From simple migration of inboxes and personal folders, to complex high performance gateways and directory synchronization to and from any e-mail system. For more information, visit www.stellartechnologies.com.

Forward-Looking Statements:

This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact contained herein, including without limitation, statements regarding the Company's future financial position, business strategy, budget, projected revenues, projected costs and plans and objectives of management for future operations are forward-looking statements. The words "estimate," "project," "intends," "expects," "believes," "may," "will," "should," "could," or "would," the negative of such terms or similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbor' provisions of the Private Securities Litigation Reform Act of 1995. Such statements are not guarantees of future performance or events and are subject to known and unknown risks and uncertainties that could cause the Company's actual results, events or financial position to differ materially from those included within the forward-looking statements. These factors include, but are not limited to, the acceptance of the Company's products in the marketplace, competition, the Company's ability to generate additional financing, as well as those factors set forth in the Company's Reports on SEC Form 10-KSB for the period ended June 30, 2005 and its other filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made and the Company undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.

Contact Information

  • PRESS CONTACT
    Valerie McCausland
    Stellar Technologies, Inc.
    239-592-1816 Ext. 202
    Email Contact