StarForce Technologies financial report for 2005
After successful reorganization of management and sales system the Company is looking forward to significant growth in the US market as well as in other markets in 2006.
StarForce Technologies is announcing 2005 financial results. Total sales volume exceeded $1,5 million which is 59% ($940,000) higher than last year and 294% higher than in 2003 ($380,000). The regional sales layout is the following: Europe - $590,000, Russia and the former CIS - $480,000, China and Japan $360,000, USA - $78,000.
The sales are steadily growing in every region comparing to 2004. The US sales remain to be an exception due to complete reorganization of the American StarForce office.
“Because of the Company’s active growth in the past two years our main agenda was the reorganization of regional sales. This project was completed by our American office in 2005 and hat should bring significant growth in the US market and other key areas in 2006” - says Michael Kalinichenko, the StarForce CEO.
