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,
|SOURCE Evermedia Group, Inc.|
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