Falcon Technologies Announces Record Backlog of $14.0 Million
RANCHO CORDOVA, Calif.--Falcon Technologies Incorporated (FLCN.PK), a leader in design-build infrastructure services, is pleased to announce that the Company's backlog of projects reached a record $14.0 million as of October 31, 2007. This represents a 41% increase from the Company's reported backlog of $9.9M as of August 31, 2007. In addition, the Company's opportunity log of projects, which consists of projects currently under review by the Company or for which the Company expects to submit a proposal, is approximately $65.0 million as of the same date. The opportunity log is comprised of commercial and industrial projects throughout California and Nevada, which if acquired, would represent revenue for the Company during the years ended December 31, 2008-2009.
"We are extremely pleased with our progress during the second and third quarters of 2007," commented Mr. William Delgado, Chief Executive Officer of Falcon Technologies, Inc. "Our ability to win significant contracts, including those recently announced totaling $4.0 million demonstrates the strength of our business model and continued demand for our solutions. In addition to bringing our backlog to a record level of $14.0 million, we expect our client base to continue to grow as we expand throughout the western United States."
About Falcon Technologies Incorporated:
Falcon Technologies provides design-build services in the following infrastructure segments: Tel/Data Communications, Electrical, and Fire/Life Safety. The Company provides these services to the Commercial/Industrial Sector, Fortune 1000 company's, and Federal, State, and Local government. For more information please visit http://www.falconti.net.
Statements about the company's expectations, including revenue and earnings and all other statements in this press release, other than historical facts, are "forward looking" statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward looking statements involve risks and uncertainties and are subject to change at any time. The company's actual results could differ materially from expected results. In reflecting subsequent events or circumstances, the company undertakes no obligation to update forward looking statements.
Contacts
Summit Financial Partners
Anthony D. Altavilla, 317-218-0204
President
or
Insight Capital Consultants
Brock A. Malky, 724-742-4420
President
"We are extremely pleased with our progress during the second and third quarters of 2007," commented Mr. William Delgado, Chief Executive Officer of Falcon Technologies, Inc. "Our ability to win significant contracts, including those recently announced totaling $4.0 million demonstrates the strength of our business model and continued demand for our solutions. In addition to bringing our backlog to a record level of $14.0 million, we expect our client base to continue to grow as we expand throughout the western United States."
About Falcon Technologies Incorporated:
Falcon Technologies provides design-build services in the following infrastructure segments: Tel/Data Communications, Electrical, and Fire/Life Safety. The Company provides these services to the Commercial/Industrial Sector, Fortune 1000 company's, and Federal, State, and Local government. For more information please visit http://www.falconti.net.
Statements about the company's expectations, including revenue and earnings and all other statements in this press release, other than historical facts, are "forward looking" statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward looking statements involve risks and uncertainties and are subject to change at any time. The company's actual results could differ materially from expected results. In reflecting subsequent events or circumstances, the company undertakes no obligation to update forward looking statements.
Contacts
Summit Financial Partners
Anthony D. Altavilla, 317-218-0204
President
or
Insight Capital Consultants
Brock A. Malky, 724-742-4420
President
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