SAN FRANCISCO, April 11, 2012 /PRNewswire/ -- Concierge
Technologies, Inc. (OTC BB: CNCG) announced today that its majority
owned subsidiary Wireless Village, doing business as 3rd Eye Cam,
has entered into an agreement to supply over 1,000 high definition
video recording systems for deployment in Los Angeles area taxi cabs. The product
offering includes the dual-lens, high-definition, video camera with
30 fps video capture on the integrated DVR with GPS tracking, audio
recording and event diagnostic sensors that are to be installed in
Los Angeles taxi cabs.
Peter Park, president of 3rd Eye
Cam, commented, "This sale in Los
Angeles is a validation of our technology as the preferred
device for taxi cab use. Regulatory agencies across the country,
including Los Angeles, have
embraced our camera as meeting or exceeding their stringent
requirements and consider its presence in the vehicle as a
significant deterrent to crime and a valuable tool in heightening
driver security and as an administrative risk management
application for owners and insurers."
Gross revenues for Concierge have continued to climb from
approximately $36,000 for the fiscal
year ending June 30, 2010 when the
business was started to an aggregate of now over $2 million. David
Neibert, CEO of Concierge, stated, "We are extremely pleased
with the progress made by 3rd Eye Cam during the current fiscal
year. With the expanding market awareness, and the increasing
regulatory mandates for security recording technologies in vehicles
for hire, our product sales have increased as projected, allowing
us to focus on other matters concerning growth of the company such
as new product development, horizontal markets and creation of
synergistic partnerships within the industry. We are projecting
2012 to be a time of continued growth for Concierge
Technologies."
The statements contained in this press release that are not
historical facts are forward-looking statements that involve
certain risks and uncertainties including but not limited to risks
associated with the uncertainty of our future performance,
acquisitions or dispositions of interests, debt obligations,
additional financing requirements, the effect of economic
conditions generally and in the communications and information
technology markets specifically, and uncertainties detailed in the
Company's filings with the Securities and Exchange Commission.
These and other factors may cause actual results to differ
materially from those projected.
For further information contact:
Concierge Technologies, Inc.
dneibert@conciergetech.net
866.800.2978 ext.3
www.conciergetech.net
www.3rdeyecam.com
SOURCE Concierge Technologies, Inc.