Bravatek increases revenue guidance rates for remainder of 2018
AUSTIN, Texas, June 19, 2018 (GLOBE NEWSWIRE) -- Bravatek Solutions, Inc. (OTCPink:BVTK) (“Bravatek,” or the “Company”) again communicates with shareholders, in an open and forthright way, to address its anticipated revenue increases.
The Company continues offering both patented and patent-pending cybersecurity software products, tools, and systems (such as telecom tower services). Bravatek’s recent partnership with Google and its recent announcement of anticipated product and service listings on GSA IT Schedule 70, are examples of our recognition in the marketplace.
As an example of increased business activity, Mr. Jonathan Bolton, Executive Vice-President of HelpComm, a Bravatek subsidiary, commented: “We are experiencing accelerated requests to perform work across our Telecom group—including more work from FirstNet with AT&T, as well as potential new work in West Virginia and the Richmond, Virginia market. We are also benefiting from Bravatek’s assistance in the strategic growth of HelpComm.”
Because of the demonstrable increase in Telecom activity, Bravatek is now updating its previously announced guidance for 2018 (in a press release in February 2018) from estimated revenue between $4.7M and $5.1M for 2018 to estimated revenue between $7.5M and 8.0M for the telecom portion of our business, as projected by management at this time (see Note 1).
The Company will update shareholders on other sectors of its business in short order after it assesses its promotional activities, for example, of its new consumer software and software partnership with Google, as well as its Joint Venture with DarkPulse, and other strategic activities.
Note 1: These projections are based on management’s interpretation of current activities and potential future telecom projects, and they are speculative “forward-looking statements” as described below.
About Bravatek Solutions, Inc.
Bravatek Solutions, Inc. is a high technology security solutions portfolio provider that assists corporate entities, governments and individuals protect their organizations against both physical and cyber-attacks through its offering of the most technically-advanced, cost-effective and reliable software, tools and systems.
For more information, visit www.bravatek.com
Safe Harbor Statement
This news release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be covered by the \"safe harbor\" created by those sections. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as \"believe,\" \"expect,\" \"may,\" \"will,\" \"should,\" \"could,\" \"seek,\" \"intend,\" \"plan,\" \"goal,\" \"estimate,\" \"anticipate\" or other comparable terms. All statements other than statements of historical facts included in this news release regarding our strategies, prospects, financial condition, operations, costs, plans and objectives are forward-looking statements. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: our ability to successfully market our products and services; the acceptance of our products and services by customers; our continued ability to pay operating costs and ability to meet demand for our products and services; the amount and nature of competition from other security and telecom products and services; the effects of changes in the cybersecurity and telecom markets; our ability to successfully develop new products and services; our success establishing and maintaining collaborative, strategic alliance agreements, licensing and supplier arrangements; our ability to comply with applicable regulations; and the other risks and uncertainties described in our prior filings with the Securities and Exchange Commission. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.
Bravatek Solutions, Inc.
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