RFID Company: Axcess International Inc. Announces Second Quarter 2004 Results

From PR Newswire (press release) ... 12 /PRNewswire-FirstCall/ -- Axcess International Inc. (OTC Bulletin Board: AXSI.OB), a leading provider of RFID and video surveillance systems for physical ...

... Axcess International Inc. (OTC Bulletin Board: AXSI.OB), a leading provider of RFID and video surveillance systems for physical security and asset management solutions, today reported results for the three months and six months ending June 30, 2004. Total revenue for the three months ended June 30, 2004 was $225,129, compared to $245,427 for the same period in 2003. Gross margin percent increased to 45% during the three months ended June 30, 2004 compared to 35% for the same period in 2003. RFID revenue increased 23% to $195,300 for the three months ended June 2004 compared to $158,658 for the same period in 2003. ...

Axcess International Inc. ("Axcess", OTC Bulletin Board: AXSI), headquartered in greater Dallas, Texas, provides RFID (radio frequency identification) systems for physical security and supply chain efficiencies. The battery-powered (active) tags locate, identify, track, monitor, count, and protect people, assets, inventory, and vehicles. Axcess' Active RFID solutions are supported by its integrated network-based, streaming digital video (or IPTV) technology. Both patented technologies enable applications including: automatic "hands-free" personnel access control, automatic vehicle access control, automatic electronic asset management, and network-based security surveillance. Axcess is a partner company of Amphion Capital Partners LLC.