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Lattice Wins New Contracts With Industry Leading Corrections TechnologyAnticipates EBITDA Positive in Q1 2012 (April 11, 2012)
PENNSAUKEN, NJ -- (Marketwire) -- 04/11/12 -- Lattice Incorporated (OTCBB: LTTC), a provider of technology to the corrections industry and secure technology solutions to key government agencies, announced today major progress in the corrections technology offerings of its Secure Communications segment and said it expects the company will be EBITDA positive in the first quarter of 2012.
CEO Paul Burgess said, "We are steadily expanding our corrections technology services and finished 2011 with over 3,500 inmates on our direct prison network. We anticipate a healthy growth rate in 2012 following the award of a number of contracts that are pending installation including a recent award of an 800-bed facility in Pennington County, South Dakota.
"Providing the industry's leading technology and service for inmate communications, we have recently installed seven new sites that are already generating profitable revenue. We are very encouraged by this progress. Our Secure Communications business provides us with multiple avenues for growth in 2012. From what we can see at this point, 2012 should provide us with substantial improvement over 2011. This marks a significant overall turnaround for the company and will drive our growth in 2012," Burgess said.
About Lattice Incorporated
Lattice has been providing secure communications and information technology since 1973. Our two divisions, Lattice Secure Communications and Lattice Government Services, specialize in deploying advanced technology and services to create innovative, cost effective solutions for our global customers. For more information, visit http://www.latticeinc.com.
An investment profile is available at http://www.hawkassociates.com/lttcprofile.aspx.
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Safe Harbor Statement
Safe-Harbor Statement under the Private Securities Litigation Reform Act of 1995: This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company's financing plans; (ii) trends affecting the company's financial condition or results of operations; (iii) the company's growth strategy and operating strategy; and (iv) the risk factors disclosed in the Company's periodic reports filed with the SEC. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors including the risk factors disclosed in the company's Forms 10-K previously filed with the SEC.
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