Integrated Parking Solutions, Inc., the leader in the design, development and implementation of wireless parking technology, announced today Results of Operations for the year ended September 30, 2008.
Net Sales for the year ended September 30, 2008 were $2,022,346 with a Net Loss of $1,860,594 or $.18 per common share. Comparable amounts for the prior year ended September 30, 2007 were Net Sales of $3,185,686 with a Net Loss of $1,035,829, or $.10 per common share. The Company has a working capital deficit of approximately $2,919,109. The full report is on the companys Web Site at: http://www.integratedparkingsolutions.com/index.html
About Integrated Parking Solutions
Integrated Parking Solutions is a leading provider of turnkey mobile handheld enforcement solutions for onstreet and off-street parking for universities, corporations and some of the nations largest municipalities. Also, the Company designs, develops and implements the most advanced wireless data acquisition and communication products specifically designed for the expanding needs of parking and intelligent transportation industries.
Forward Looking Statements
Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statements containing words, such as, believes, should, anticipates, plans, or expects as well as other statements are forward-looking, and those statements involve risks and uncertainties outside of the control of the Company and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements.