LAMBDA TD Software Inc.
LAMBDA TD Software Inc.: LAMBDA TD Software 1Q-2011 Results Beat Expectations
LAMBDA TD Software Inc. / Key word(s): Miscellaneous 24.05.2011 / 20:30 Quarterly financial progress updates to provide maximum transparency LAS VEGAS (NV): LAMBDA TD Software Inc. (FRANKFURT, Symbol: XLS, ISIN: US51327T1051, WKN: A0YJT2) today announced financial results for the first quarter of 2011, ended March 31, 2011. LAMBDA reported revenue of $444,736 for the first quarter, with gross profit of $415,894, and is well on track to reach its 2011 gross profit forecast of $2,200,000. Robert M. Corcoran, CEO of LAMBDA TD Software, comments, 'I am pleased to report that our results beat expectations for the 1st quarter that is typically a low-revenue period for construction projects. This quarter's net income of $292,126 puts us as ahead of schedule to reach our financial objectives for 2011. With the 5,000-unit Laguna Del Mar development project, which we have signed in winter 2010 and which has started construction in February this year, LAMBDA expects to generate revenues of more than $600,000 this year just on installations for this project alone. The monthly subscriber service that is the actual center piece of LAMBDA's revenue model will then start generating additional revenue from each subscribing home owner on an ongoing basis, what will help multiplying our financial results for next year.' LAMBDA charges each user a monthly subscriber fee of between $24.99 and $49.99, depending on the level of connectivity and smart home automation service provided for an energy saving lifestyle. LAMBDA is also aggressively extending its pipeline of new deals in the USA. New projects are currently under negotiation with major developers in California such as MBK Homes and FivePoints Community LLC which represent 10,000 new residential homes in the next few years. LAMBDA will also sign a new contract for the 200-unit luxury condominium Mira Villa Homes project in Las Vegas (Nevada) to implement LAMBDA's energy saving smart home automation solution. In order to provide investors with maximal transparency, LAMBDA TD Software also announced that it will provide quarterly financial progress updates with financial results to be published twice a year and therefore align its financial reporting policy with Deutsche Boerse's higher standard transparency requirements of the Entry Standard, rather than the zero disclosure requirement standard of Deutsche Boerse's First Quotation Board. 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 web‐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 patented 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 --------------------------------------------------------------------- 24.05.2011 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 --------------------------------------------------------------------- 126000 24.05.2011
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