Statmon Technologies Continues Trend with Improved Q-2 Operating Results

Tuesday November 18, 9:00 am ET

CHICAGO--(BUSINESS WIRE)--Statmon Technologies Corp. (OTCBB:STCA - News), an emerging wireless and fiber infrastructure network management solution provider, recently filed its Form 10-Q for the second quarter ended September 30, 2008. The Company reported revenue of $1,115,883 for the three months ending September 30, 2008, an increase of 19% over the $937,161 generated in the same period in the prior year and an operating loss of $190,423, a 52% improvement over the same prior year period in which the Company recorded an operating loss of $398,864. Net loss for the three months ended September 30, 2008 was $757,104, an improvement of 55% over the $1,685,275 net loss in the same period last year.

The Company also reported improved revenues for the six months ended September 30, 2008 of $2,051,358, an increase of 25% over the $1,641,230 in the prior year period and an operating loss of $567,581, a 40% improvement over the $944,989 in the same prior year period. Net loss for the six months ended September 30, 2008 amounted to $1,473,041, an improvement of 58% over the $3,527,289 net loss in the same period last year.

Statmon's Chairman and CEO, Mr. Geoffrey Talbot, commented: "Statmon's operating results from its core business continue on the uptick, quarter over quarter, and year over year. The other positive news is we believe we are on the verge of breaking out with new business growth despite the prevailing economic environment. Statmon has a pipeline of significant wide-scale network rollout opportunities advancing in the sales process. We believe that Statmon has limited exposure to the current consumer spending slump and the weakening economy. Based on our discussions with potential customers, we expect that most digital media and wireless infrastructure projects will continue as planned. The Statmon platform used for network-wide automation and remote control capabilities is designed to rapidly achieve improved operating efficiencies. Cost reduction is an integral part of the Statmon value proposition to its clients. Statmon is also a "politically correct green" infrastructure solution because of its ability to help reduce energy costs and the waste often times associated with unmanaged environmental systems. Additionally, the Statmon platform has application within military and government network deployments".

Mr. Talbot, continued. "Our media content transmission and RF infrastructure projects for Qualcomm's (NASDAQ: QCOM - News) MediaFLO USA Mobile TV network rollout for Verizon (NYSE: VZ - News) and AT&T (NYSE: T - News) wireless subscribers are long-term and adequately funded projects. Our focus is to position the Statmon Platform and the Company for growth in the mainstream telecom and digital broadcast markets. In this regard, we have a pipeline of opportunities involving numerous remote sites and Network Operation Centers ("NOC's) similar to the MediaFLO USA NOC in San Diego and our network television clients. We are conducting live testing for an emerging telecom wireless carrier for such a project. We believe that we are making progress on a variety of opportunities in the Cable, IPTV and HD content delivery networks involving multiple sites.

Statmon's ACCURATE software product, which interfaces with the Nielsen Local People Meter, continues to gain traction and increased sales with the network television clients, including GE-NBC, CBS, COX, Belo and others. The cable television channels and content providers are also embracing the ACCURATE solution as their business models depend more on advertising and ratings. The ACCURATE Platform has helped to increase our exposure and is leading to increased sales of our flagship AXESS software and our network operations centers wide scale distributed system, monitoring and control model.

Mr. Talbot continued, "While we are cautious in the prevailing volatile markets, we anticipate that our operating results will continue to trend in a positive direction in the current quarter and we expect to see operating profits for the balance of the FYE ending March 31, 2009."

"If we are successful with one or more of the wide-scale opportunities we have in the works, there would be a dramatic positive impact on the Company. In anticipation of future growth, the Company is aligning itself with qualified strategic partners who we believe can handle the funding, hardware and physical installation side for wide-scale implementations. We are also developing a competitive operating lease structure which is expected to have appeal to certain carriers and infrastructure providers. Instead of an upfront software license fee and maintenance, the customer would pay a flat monthly fee per site. "

Mr. Talbot concluded, "Statmon is the classic software model and we have a roster of "A" List clients. We believe that the Statmon Platform is a competitive solution in the worldwide mainstream communications and in most infrastructure markets. This is the message we are conveying to the marketplace".

About Statmon Technologies Corp.

Statmon Technologies Corp. is a wireless and fiber infrastructure network management solution provider. Axess, its proprietary software application, and its supporting integration products are deployed in telecommunications, media broadcast and navigation aid transmission networks to optimize operations and ensure that the entire network continues to function. The Statmon Platform is designed to self-heal, or preempt transmission failure by automating the integration of the different devices and disparate technologies in a network under a single umbrella control system and permit manual corrective action at the network operations center or from any connected computer, including a wireless device.

The Company is headquartered in Bannockburn, IL, a Chicago suburb, and its shares are traded in the OTC Bulletin Board under the symbol "STCA.OB."

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based largely on expectations or forecasts of future events, can be affected by inaccurate assumptions and are subject to various business risks and known and unknown uncertainties, a number of which are beyond the Company's control. Therefore, actual results could be differ materially from the forward-looking statements contained in this press release. A wide variety of factors could cause or contribute to such differences and could adversely impact revenues, margins, profitability, cash flows and capital needs. Such factors include, but are not limited to, its ability to increase revenues and achieve profits and positive cash flow in fiscal 2009; its ability to maintain or expand distribution within existing and new channels of trade for its products; its dependence on MediaFLO for a substantial portion of its revenues; its ability to complete the placement of its offering of Series A Secured Convertible Debentures; its need for additional capital and the uncertainty of obtaining it; the market acceptance for one or more of its new or existing products; whether it will be able to adapt its technology to new and different uses, including being able to introduce new products; competition from larger, more established companies with far greater economic and human resources; its ability to track and retain costumers and quality employees; the effect of changes economic conditions; and changes in government regulations, tax rates and similar matters; its ability to refinance or renegotiate promissory notes that have come due or are coming due; the wide fluctuations in its quarterly operating results; its failure to successfully implement new market verticals; and its ability to keep pace with rapidly changing technologies. The Company cannot predict or determine after the fact what factors would cause actual results to differ materially from those indicated by the forward-looking statements or other statements. The reader should consider statements that include the words "believes," "expects," "anticipates," "intends," "estimates," "plans," "projects," "should" or other expressions that are predictions of or indicate future events or trends to be uncertain and forward-looking. The Company does not undertake to publicly update or revise forward-looking statements, whether as result of new information, future events or otherwise. For a more detailed description of these and other cautionary factors that may affect the Company's future results, please refer to its Report on Form 10-KSB for its fiscal year ended March 31, 2008 and its Form 10-Q for the three months ended June 30, 2008, filed with the Securities and Exchange Commission.

Archived Press Releases

July 22, 2009

Statmon Technologies Awarded State of Maryland Monitoring & Control Contract for Maryland Public Television & Statmon's Broadcast Business Rebounds Post HD TV Switchover in June, 2009

Feb 27, 2009

Statmon Technologies Provides December 31, 2008 3rd Quarter Earnings Guidance & Announces $1.25M Round of Secured Convertible Debentures including $500,000 from Existing Debenture Holders

Feb 10, 2009

Statmon Technologies Television Station 'HUB' & Remote Control Solution is Designed to Reduce Broadcasters Operating Costs by Millions of Dollars Per Annum