Diversified Security Solutions Reports Second Quarter Results


Diversified Security Solutions Inc., a turnkey provider of technology-based integrated electronic security solutions, announced its unaudited financial results for the second quarter ended June 30, 2003.

Sales for the three-month period ended June 30, 2003 were $3.5 million representing a decrease of $693,914 from $4.2 million for the same quarter a year ago. For the second quarter of 2003, the company reported a net loss of $966,081, or 19 cents per share on 5,138,357 shares outstanding.

Sales for the six-months ended June 30, 2003 were $7.2 million, representing a decrease of $167,595 from $7.4 million for the same six-months in 2002. The company reported a net loss of $1.6 million or 32 cents compared to a net income of $86,329 or 2 cents for the same period a year ago.

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