Astrata Group (ATTG.OB) Discusses $93 Million Contract, 2007 Financials
Astrata Group Inc. (OTCBB: ATTG), provider of information technology products and services, today discussed the recent announcement of a classified $93 million contract in Singapore, expected to generate roughly $20 million in cash as well as fiscal 2007 financials.The deal was made through its wholly owned subsidiary Astrata Singapore Pte Ltd. to manufacture, ship, and service millions of dollars in telematics products over a two-year period. Astrata has completed contracts with the Singapore Police Force, homeland security contracts with the Singapore Civil Defense Force, and other contracts with private corporations bringing a backlog in orders to $117 million. The company…