Diversified reports record breaking revenues

SSN Staff  - 
Thursday, November 18, 2004

November 18, 2004

SADDLE BROOK, N.J. - Diversified Security Solutions saw its sales for the quarter grow significantly and set a new revenue record.
The company, which installs security systems under the Henry Bros. name, saw sales increase 52.8 percent for the three-month period that ended Sept. 30., when compared with the same period last year. That translates into $7.7 million in sales for the company.
Jim Henry, chief executive officer of Diversified Security, attributed the increase in part to its acquisition of Airorlite, a wireless communications company that it bought in April 2004.
Henry said the company’s consolidated backlog for the quarter reached $19.5 million. Its net income came in at $13,010 for the quarter, or $.02 per shared, compared with a net loss of $2 million for the same period last year.