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Article Excerpt
M2 PRESSWIRE-31 May 2006-bellwetherreport.com: The Bellwether Report take time to update Investors on Digital Descriptor Systems, Inc(C)1994-2006 M2 COMMUNICATIONS LTD
RDATE:31052006
Digital Descriptor Systems, Inc (OTCPK:DDSI), is a company that our research team will be tracking over the ensuing weeks. They recently came out with a significant corporate development, causing a market stir. The BWR Research Team will continue to bring its subscribers cutting edge research tools, and second to none customer service.
Digital Descriptor Systems, Inc an industry leader in the development of Homeland Security-related products, announced quarterly results for the three months ended March 31, 2006.
Revenues for the three months ended March 31, 2006 of $870,964 increased $722,089 or 485% from the three months ended March 31, 2005 (restated). DDSI generates its revenues through software licenses, hardware, post customer support arrangements and other services. The increase in DDSI's revenue is attributed to the purchase of CGM Applied Security Technology, Inc in March, 2005.
Cost of revenue for the three months ended March 31, 2006 was $293,342 an increase of $248,640 or 556% from the three months ended March 31,...
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