LAMBDA TD Software Inc.
LAMBDA TD Software Inc.:
LAMBDA TD Software Inc. / Key word(s): Miscellaneous 08.08.2011 / 11:00 --------------------------------------------------------------------- LAMBDA TD Software Reaches Already $750,000 Revenue Mark In First Half 2011 Audited Financials Exceed Deutsche Boerse's Disclosure Requirements LAS VEGAS (NV): LAMBDA TD Software Inc. (FRANKFURT, Symbol: XLS, ISIN: US51327T1051, WKN: A0YJT2) today announced financial results for the second quarter, ended June 30, 2011. LAMBDA reported revenue of $307,596 for the second quarter which brings the total revenue for the first six months of 2011 to $752,332. Gross profit for the second quarter is $242,696, totaling $658,590 for the first half of 2011. Robert M. Corcoran, CEO of LAMBDA TD Software, comments, 'I am excited to report that the first half of 2011 generated a total net income of $433,814, with $141,688 in this quarter alone. Given the fact that no Laguna del Mar revenues have been factored into the Q2 results yet (the project is fully funded and just awaiting new building permit approvals from Mexico City), our financial results show that we were able to further diversify our project base. Sales of the Mira Villa project alone has the potential to exceed $1.25MM by the end of year. Over the course of the 2nd quarter we were able to strengthen our foundation in terms of new projects, extended strategic partnerships, advanced business infrastructure and a further enhanced board of directors to position ourselves for strong growth in the second half of 2011. I am very proud of what we have accomplished and eager now to capitalize in the second half of 2011 on the lucrative business opportunities ahead of us.' LAMBDA TD Software was able to extend its pipeline of deals. The Mira Villa project is moving forward aggressively. LAMBDA is positioning itself to have 100% sales into the 113 existing units and the 115 units that are starting construction this year. Mira Villa revenues are expected to start in August. The Laguna Del Mar project is fully funded with $150MM but the project developer has been asked to resolve a few building code issues in Mexico City first, before moving forward aggressively in late summer. Based on the project developer's updated roll out schedule, strong revenues for LAMBDA are expected to start by mid September. Furthermore, LAMBDA TD Software project negotiations with the major developers in California such as MBK Homes, Lennar Homes and Kelley Technologies proceed as planned. Expect announcements soon. LAMBDA TD Software is emphasizing its commitment of providing maximal transparency to investors by having its company financials audited. Even though not required for a First Quotation Board company, LAMBDA is aligning its disclosure and transparency policy with Deutsche Boerse's higher Entry Standard level to maximize company access for investors. ABOUT LAMBDA TD Software, Inc. LAMBDA TD Software, Inc. (www.lambdatdsoftware.com) is a Las Vegas‐based Smart Home Automation company that develops and installs LFE(TM) Five (pronounced 'Life Five'), the first cloud‐based smart home automation and universal remote control platform operated by LAMBDA's patented LFE(TM) touch panel system. LAMBDA was founded in 2006 and provides smart home technology solutions to both commercial and residential customers. The flagship product, LFE(TM) FIVE (LAMBDA FIVE ENVIRONMENT), is the first open system, open architecture remote control system designed for homes, businesses, schools, hospitals, and municipalities. With LFE(TM) FIVE (LAMBDA FIVE ENVIRONMENT) entire high‐rise buildings can become connected and turned Green, an approach that is in many U.S. areas supported with government, carbon offset credits, and Green Tax credits. LAMBDA is publicly traded at the First Quotation Board at Deutsche Boerse in Frankfurt (Symbol: XLS, ISIN: US51327T1051, WKN: A0YJT20). CONTACT: Robert Corcoran at (702) 998-6465 Robert@lambdaTDsoftware.com ** END OF NEWS RELEASE ** Lambda TD Software Inc (DE: XLS Frankfurt, Xetra) is an independent, exchange listed company operating in the segment of 'Energy Optimation / Smart Home Automation'. This news release may contain certain forward-looking statements, expectations, intentions, strategies and beliefs regarding the future. All statements contained herein are based upon information available to the management of Lambda TD Software Inc. as of the date hereof, and actual results may vary based upon future events, both within and without the control of the management, including risks and uncertainties that could cause actual results to differ materially. Management does not take any responsibility to update the contents of this News Release in case new aspects arise or new conditions change the facts available. Registered office: Lambda TD Software Inc., 26132 Avenida Bonachon Mission Viejo, California 92691 www.lambdatdsoftware.com ISIN: US51327T1051 WKN: A0YJT2 Stock Exchanges: Frankfurt, Xetra, Berlin, Stuttgart End of Corporate News --------------------------------------------------------------------- 08.08.2011 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 134644 08.08.2011
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