LAMBDA TD Software Inc.
LAMBDA TD Software Inc.: LAMBDA TD Software Doubles Revenue in 3rd Quarter 2011
LAMBDA TD Software Inc. / Key word(s): Miscellaneous 24.10.2011 / 11:01 --------------------------------------------------------------------- Total gross profits exceeding $1.2 million in first 9 months of 2011 LAS VEGAS (NV): LAMBDA TD Software Inc. (FRANKFURT, Symbol: XLS, ISIN: US51327T1051, WKN: A0YJT2) today announced financial results for the third quarter of 2011. LAMBDA reported third quarter sales of $634,596 which brings the total 2011 revenue by September 30 to $1,386,928. Gross profit for the third quarter is $596,696, totaling $1,255,286 for the nine months of 2011. LAMBDA was able to more than double its second quarter results. Robert M. Corcoran, CEO of LAMBDA TD Software, comments, 'I am excited to report that this third quarter was our most productive quarter in 2011 yet. By September 30 our company generated a total 2011 net income of $657,610, with $223,796 in this quarter alone. Over the past months we were able to further diversify our project base and aggressively extend our pipeline of deals that led to LAMBDA implementations in several large upscale villas and mansions, which initial revenues of that already reflected in these third quarter results.' Pushing the implementation of LAMBDA's large multi-hundred unit projects, such as Nevada-based Mira Villa, forward, while simultaneously further diversifying LAMBDA's customer base with large upscale villas in Nevada and California, and extending LAMBDA's revenue streams through exclusive partnerships with industry leading system integrators, such as Canada-based Condoplex Inc, has proven to be the key strategy for LAMBDA throughout the last months. Revenues of above have only started to come in in the third quarter and are expected to increase over the coming months. Stay tuned for further news in this regard to be announced shortly. Please note that these financials were independently audited. LAMBDA TD Software is emphasizing its commitment to maximal transparency for investors. Even though not required as a First Quotation Board listed company, LAMBDA aligns itself with disclosure standards of Deutsche Boerse's higher Entry Standard level to optimize company access for investors. ** 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 --------------------------------------------------------------------- 24.10.2011 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 --------------------------------------------------------------------- 143196 24.10.2011
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