BOSTON, Aug. 22, 2012 /PRNewswire/ -- Evermedia Group, Inc. (OTC: EVRM) The Evermedia Group, Inc. is pleased to announce second quarter 2012 revenue of $703,620, an increase of more than 375% over the same period in 2011 and nearly 70% of all revenue generated in fiscal year 2011 as represented by company financials posted August 21, 2012.
This dramatic increase in revenue is largely attributable to revenue generated by an increase in site completions under the ATG contract, an award announced on May 22, 2012, and an increase in billable full time employees providing biometric and business analysis support under the PACTS contract vehicle.
Approximately 41% of the quarterly revenue was derived from the Company's federal contract to provide systems engineering and program management support for a U.S. federal agency headquartered in Washington, DC. Currently, there are 7 full time employees supporting this task order from the Company's offices in Arlington, VA.
We expect similar revenues well into the third quarter of 2012, putting Evermedia on track for a record year. More information will be forthcoming.
About The Evermedia Group, Inc. The Evermedia Group, Inc. (www.biiometrix.com and www.sts-corporation.net) is a Service Disabled, Veteran Owned Small Business (SDVOSB) providing defense and security solutions to government agencies and private entities. Evermedia Group's wholly owned operating subsidiaries include defense contractor System Technology Solutions, Inc. and biometric technology developer Evermedia Biometrics Corporation. Follow Evermedia on Facebook (facebook.com/Evermedia) and Twitter (twitter.com/evermediagroup).
Safe Harbor Statement This news release contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of The Evermedia Group, Inc. and its subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to statements of the plans, strategies and objectives of management for future operations, including execution of growth strategies, transformation initiatives and restructuring plans; any statements concerning expected development, performance or market share relating to products and services; any statements regarding anticipated operational and financial results; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include macroeconomic and geopolitical trends and events; the competitive pressures faced by Evermedia's businesses; the development and transition of new products and services (and the enhancement of existing products and services) to meet customer needs and respond to emerging technological trends; the execution and performance of contracts by Evermedia and its customers, suppliers and partners; the protection of Evermedia's intellectual property assets, including intellectual property licensed from third parties; integration and other risks associated with business combination and investment transactions; the hiring and retention of key employees; expectations and assumptions relating to the execution and timing of growth strategies, transformation initiatives and restructuring plans; the resolution of pending investigations, claims and disputes; and other risks that are described in Evermedia's Alternative Reporting Standard disclosure on www.otcmarkets.com. Evermedia assumes no obligation and does not intend to update these forward-looking statements.
Copyright 2012 The Evermedia Group, Inc. The information contained herein is subject to change without notice. Evermedia shall not be liable for technical or editorial errors or omissions contained herein.
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