Posted On: 07/24/2012 5:02:54 PM
Post# of 5298
Some visisys history: Our revenues are generated from system installations and manufacturing and distribution of surveillance and safety products. We experienced strong growth in revenues in 2009. Revenues increased $153.52 million, or 35.9%, to $580.87 million in 2009 from $427.35 million in 2008. The increase in revenues was mainly attributable to growth in the surveillance and safety market in China, the increased market demand for our products, our increased brand recognition, and the acquisition of Coson in 2009. Our strategic efforts to increase our distribution channels during 2008 and 2009 and adequate working capital from financings also allowed us to successfully take advantage of the growth in market demand in the last fiscal year.
After the acquisition of Coson closed in January 2009, we consolidated the financial results of Coson since January 2009, which contributed $5.11 million in revenues in 2009. After Stonesonic, Longhorn and Guanling became our wholly owned subsidiaries, we consolidated the financial results of Stonesonic, Longhorn and Guanling beginning in the second quarter of 2008. We consolidated the financial results of Jin Lin and DIT from the third and fourth quarters of 2008, respectively. These five companies collectively contributed $56.41 million to our revenues in 2009 in total. As the acquisitions of Hongtianzhi, HiEasy, Minking, Tsingvision, Stonesonic, Longhorn, Guanling and Jin Lin have all surpassed the one year anniversary, we have included the revenues contributed by these companies in our organic growth for the
fourth quarter of 2009. http://messages.finance.yahoo.com/Stocks_%28A...rt=2&off=1
After the acquisition of Coson closed in January 2009, we consolidated the financial results of Coson since January 2009, which contributed $5.11 million in revenues in 2009. After Stonesonic, Longhorn and Guanling became our wholly owned subsidiaries, we consolidated the financial results of Stonesonic, Longhorn and Guanling beginning in the second quarter of 2008. We consolidated the financial results of Jin Lin and DIT from the third and fourth quarters of 2008, respectively. These five companies collectively contributed $56.41 million to our revenues in 2009 in total. As the acquisitions of Hongtianzhi, HiEasy, Minking, Tsingvision, Stonesonic, Longhorn, Guanling and Jin Lin have all surpassed the one year anniversary, we have included the revenues contributed by these companies in our organic growth for the
fourth quarter of 2009. http://messages.finance.yahoo.com/Stocks_%28A...rt=2&off=1
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