ATLANTA, Feb. 16, 2012 /CNW/ - Crown Dynamics Corp., (OTCBB: CDYY.OB) Today as part of its commitment to transparency as a publicly traded company, is updating its financial guidance expectations for the year 2012.
Crown Dynamics expects to generate between $5 and $6 million in revenue from device sales and monitoring in 2012. This expected level of revenue yields net income of 37% or $2.1 million. The company expects to put a minimum of 12,000 units into service for the calendar year 2012. Devices are expected to sell for $299.00 with monthly recurring revenue of $30.00 per device for monitoring.
Steve Aninye Chairman and CEO said, "Today I am proud to announce our financial guidance numbers for 2012." Steve adds, "Our product launch has now been initiated and we look forward to generating significant revenues for 2012, but more importantly the high net income from sales on a recurring revenue business model is anticipated to provide the company with solid earnings that will grow on a monthly basis."
In addition to multiple vendors that Crown Dynamics is currently in discussions with the company expects to announce a significant order from its first large distributor during this first quarter of 2012.
About Crown Dynamics Corporation
Crown Dynamics provides technology solutions for enhancing the personal safety of the elderly and people with special needs, allowing them to live safely at home or in care facilities. Crown Dynamics Watchtower solution provides point-of-care protection and can be used when the resident is at home, independent or assisted living environment. The service provides peace of mind to families and caregivers and helps institutions manage risk and improve the quality and efficiency of care.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties, including the Company's beliefs about its business prospects and future results of operations. These results may not indicative of the result achieved in the entire tailings pile do to the non-homogenous nature of the pile itself. Some factors that could cause actual results to differ materially include economic and operational risks, changes in anticipated earnings, continuation of current contracts, and other factors detailed in the Company's filings with the Securities and Exchange Commission, including its most recent Forms 10-KSB and 10-QSB. The Company forecasts provided above are dynamic and therefore refer only to this release date. The Company does not undertake to update any forecasts that it may make available to the investing public. Please visit www.crowndynamics.co
For further information:
Crown Dynamics Corporation
5400 Laurel Springs Pkwy, Suite 107
Suwanee, GA 30024
Email: [email protected]