another month, another contract

Another contract with potential for about US$1.5 million. Less expenses etc. Stil, the march continues, buyers outnumber sellers 2:1 and there doesn't look like there is any upward resistance. Yahoo.
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New Contract - Union City California 10 March 2005: The directors are pleased to announce that Redflex Traffic Systems Inc, a company of the Redflex Group, has been awarded a new USA build-own-operate-maintain contract to improve public safety with a photo enforcement program in Union City in the State of California. Union City has a population of 69,000 and is located in the south east bay area of San Francisco. Redflex will deliver a red light enforcement program for Union City close by Redflex’s existing program in the City of Fremont. The contract is for up to 20 approaches for five years with two options for two year extensions. Redflex will be paid a fee of US$6,070 per month per approach installed. Redflex Traffic Systems Inc has contracts with 74 cities world-wide in ten countries and is the largest provider of digital red light photo enforcement services in North America. With contracts in 59 cities and towns across eleven states, Redflex has led the market in installed systems, installation rate, and market share over the past 12 months.