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SENSE Holdings, Inc. Announces 400% Increase in Revenues and Narrows Loss
Aug-21-03
SENSE Holdings, Inc. Reports Record Six Month Period SENSE HOLDINGS, INC. (OTC Bulletin Board: SEHO) (SENSE), a leading provider of biometrically secured authentication and identification systems, announced today the results of operations for the six month period ending June 30th, 2003. For the six month period ending June 30th, 2003, Sense reported record revenue of slightly greater than $ 271,000 as compared to the same six month period of a year ago of $ 68,000.
"The increase in sales of over 400% was achieved by the delivery and acceptance of Sense security based access control and time and attendance products to new and existing Sense clients," stated Dore Perler, CEO of SENSE. "SENSE is also pleased to report that it narrowed its loss to $ .03 per share from $ .10 per share during the same period a year ago.
SENSE will continue to develop and expose biometrics to a variety of markets such as the Airline, Healthcare, Transportation, Hotel and Hospitality, Retail, and the Casino and Gaming industries.
SENSE actively seeks partners to expedite the integration of its explosives detection and biometric authentication and identification technologies into aviation, banking and finance, education, food preparation, gaming, garment, health care, hotel, insurance, law enforcement, manufacturing, military, public safety, security, restaurant, retail, and transportation applications, with industry-specific calibration.
ABOUT SENSE HOLDINGS, INC.
SENSE Holdings, Inc. (http://www.senseme.com) operates through its two wholly- owned subsidiaries, SENSE Technologies, Inc., a leading manufacturer of biometrically secured authentication and identification systems, and MSTI, Inc., a leading micro-sensor explosives detection research and development organization. MSTI holds patents and intellectual property that enable explosives detection, authentication, and identification. SENSE Technologies, Inc. integrates advanced biometric and microelectromechanical sensor (MEMS) technology into mechanical and electronic control devices that improve and secure many business processes.
For more information contact SENSE Holdings, Inc., 4503 NW 103 Ave. (Suite 200) Sunrise, Florida 33351; Telephone: 1-877-SENSEME (736-7363) and 1-954-726-1422; E-Mail: dore@senseme.com; Web: www.senseme.com.
Safe Harbor Statement
Statements contained herein, other than historical data, may constitute forward-looking statements. When used in this document, the words "estimate," "project," "intends," "expects," "believes" and similar expressions are intended to identify forward-looking statements including events and financial trends which may affect the Company's future operating results and financial position. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the Company's actual results and financial position to differ materially from those included within the forward-looking statements. These risks and uncertainties include, but are not limited to, the Company's ability to generate meaningful revenues and achieve profitable operations; its ability to obtain necessary capital; whether biometric fingerprint technology is accepted in the marketplace; whether the Company is able to develop and successfully market products incorporating MEMS technology; whether it can compete in a challenging marketplace; and whether the Company can successfully integrate its technology with other technologies to create commercially viable products. Additional risks and uncertainties are set forth in the Company's SEC filings including its Annual Report on Form 10-KSB and registration statements filed under the Securities Act of 1933, as amended. SOURCE SENSE Holdings, Inc.
SOURCE SENSE Holdings, Inc.