Chairman, President, and CEO of SilverSun Technologies, Mark Meller, today issued a formal corporate update to shareholders. The shareholder letter can be found on the company's Web site at silversuntech.co/Message_from_CEO.html.
In the letter, Meller compared 2011's financial and operational performance with the prior year, provided insight into SilverSun's new business development and growth initiatives, and defined the company's primary goals and objectives for 2012 and beyond. Management aims to grow annual revenues five-fold from their current level of approximately $10.5 million to more than $50 million in the next 36 months.
SilverSun has already proven their ability to quickly boost their sales, achieving record annual revenues last year with 40% year-over-year growth. The company also generated a significant operating profit of $260,000, as well as eliminated all of its debt (excluding ordinary items like accounts payable, etc.) and a toxic convertible debenture. Other notable achievements are outlined in the shareholder letter.
Headquartered in Livingston, New Jersey, SilverSun Technologies is focused on acquiring and expanding technology and software companies engaged in providing best-of-breed management applications and professional consulting services to small and medium size businesses (SMBs). SilverSun's principal operating subsidiary, SWK Technologies, employs a national direct sales and consulting team currently serving a growing customer base spanning 38 U.S. states and Canada.
For additional information, visit SilverSun's website at SilverSunTech.co
Please see disclaimer on the QualityStocks website: disclaimer.qualitystocks.net