Buzz Stock of the day: CYIO

Department of Defense contractor CYIOS Corp. (OTCBB: CYIO) announced in late December that it had completed the necessary changes business model to “decrease costs, ensure higher profits and prepare for new contract awards coming in the near future.” In that same announcement, CYIOS stated that it was awaiting new contract awards in excess of $180 million, “which will start at the opening of 2009.”

About a month later, CYIOS issued a news release projecting revenues to triple if not quadruple as new contracts execute. with EPS expected to reach $.08-$.15 by the end of the year. The Company earned $0.06 per-share last year.

Last week, CYIOS announced a comprehensive information technology support contract with the FBI valued at $175 million. The D.C.-based Department of Defense contractor will help design, develop, maintain, enhance, and provide operational support for automated systems.

Shares of CYIO traded for $0.13 as of this post.

Tags: buzz stocks, investing, micro cap, Penny Stocks, technology

This entry was posted on Tuesday, February 24th, 2009 at 10:06 pm by Brad and is filed under Technology Stocks. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.