|By PR Newswire||
|January 29, 2014 07:15 AM EST||
CRYSTAL RIVER, Fla., Jan. 29, 2014 /PRNewswire/ -- B-Scada, Inc. (OTCQB: MOBS), an industry leader in SCADA (Supervisory Control and Data Acquisition) and HMI (Human Machine Interface) software for data visualization, has filed its 10K for the fiscal year ended October 31, 2013. Revenues for fiscal 2013, as anticipated, far exceeded those for 2012, posting at $1.55 million for an increase of approximately 45%. More than $214K of debt has been eliminated from the Balance Sheet as promissory and convertible notes were satisfied in 2013.
In his Annual Report to Shareholders, Ron DeSerranno, CEO, noted that consulting and services demand has started off strong in 2014, even stronger than 2013. Consulting service revenues are tied to the performance of technology licensing and commercial software sales. Consulting services for 2014 are expected to do at least as well as 2013.
Our target revenues for 2014 and 2015 are based on our current licensing agreements, market activity, sales and marketing investments and potential market impact of new products. Revenue growth over the past two years has been very strong and we expect that growth to continue through 2015.
ABOUT B-SCADA, INC.
B-Scada specializes in the compelling visualization of real-time data and has produced exceptional data visualization solutions for manufacturing, power & utilities, automation, and other fields of business making use of HMI and SCADA software products.
Since 2003, B-Scada's focus on user interface design solutions for Windows and web applications has given us a unique perspective and insight into the data visualization market.
Our vision is to be a global leader in the access and visualization of information, which enables our commercial and industrial customers to maximize employee effectiveness and productivity, reduce unscheduled downtime, minimize the risk of accidents and increase production quality.
NOTE REGARDING FORWARD-LOOKING STATEMENTS
The information contained herein includes forward-looking statements that involve known and unknown risks and uncertainties. Examples of forward-looking statements include: projections of capital expenditures, competitive pressures, revenues, growth prospects, product development, financial resources and other financial matters. You can identify these and other forward-looking statements by the use of words such as "may," "will," "should," "plans," "anticipates," "believes," "estimates," "predicts," "intends," "potential" or the negative of such terms, or other comparable terminology.
Our ability to predict the results of our operations or the effects of various events on our operating results is inherently uncertain. Therefore, we caution you to consider carefully the matters described in this report, the documents incorporated by reference in this report, and other publicly available sources. These factors and many other factors beyond the control of our management could cause our actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by the forward-looking statements.
SOURCE B-Scada, Inc.