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The company's revenue shortfall is reportedly based on its current assessment of the timing for prospective customer projects and other opportunities with various federal, state and local agencies.
The management feels that project delays, the general budget environment and lack of revenue history for the PDSG products have created uncertainty to the extent that there is not adequate information on which to reasonably base an updated revenue projection at this time.
Full details of the operating results for PDSG will be published as part of the company's filing of its Annual Report on Form 10-K, which is anticipated to be filed on 14 August 2009.
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