|
|
|
LANHAM, Md., Oct. 30, 2006/Satnews Daily/ — Integral Systems, Inc. (NASDAQ:ISYS) is exploring strategic alternatives to maximize stockholder value, including a possible sale of the company.
Integral Systems said after consultation with outside financial advisors, the board of directors has decided to explore and evaluate other strategic alternatives to maximize stockholder value while continuing to explore and evaluate a possible sale of the company.
“Although to date, the process of exploring strategic options has not yet resulted in a specific transaction, I am extremely pleased that the company continues to perform at a very high level. While our numbers are not quite final, fiscal year 2006 was a record breaking year as measured by virtually all financial parameters and I believe we are on track to meet or exceed our most recently announced full year guidance,” stated Pete Gaffney, chief executive officer of Integral Systems.
R. Doss McComas, Integral's chairman of the board, also reported that during the month of October, the company’s Ground Systems Government segment and our Ground Systems Commercial segment have each booked a significant new contract with new customers.
“Although formal guidance for fiscal 2007 will not be issued until early December, as a result of these new awards coupled with our already significant backlog, I can state now that fiscal 2007 revenue and EPS are expected to be at least 20 percent and 10 percent, respectively, greater than comparable fiscal 2006 results,” commented Gaffney.
Founded in 1982, Integral Systems is a leading provider of satellite systems and has supported over 205 different satellite missions for communications, science, meteorological and earth resource applications. The Company was the first to offer an integrated suite of COTS (Commercial-Off- The-Shelf) software products for satellite command & control, the EPOCH IPS product line.
Recent Stories: Integral Systems to Provide Satellite Control Systems for the VINASAT-1 Satellite Integral Systems Revenue and Net Income Rise Slightly Integral Systems Receives CCS-C Contract Modification for U.S. Air Force's AEHF Satellite Program Integral Systems Revenue Rises 38%, Net Income Increases 73% |