Sector 10 to Take Possession of $20 Million Spec-built Communication Network
April 29 2008 - 10:30AM
PR Newswire (US)
SALT LAKE CITY, April 29 /PRNewswire-FirstCall/ -- Sector 10, Inc.
(OTC Bulletin Board: SECT; Frankfurt: '4SR') announced today it has
reached agreement with its largest shareholder, Sector 10 Holdings,
Inc., to take possession of a $20 million spec-built communications
network to support its mission of pre-deploying emergency response
systems nationwide. "This is a leap forward in response systems
integration." CEO Pericles DeAvila said. "The S-10 network is a
global communications network that will manage SRU's and MRU's in
the event of disasters or incidents across the nation and
internationally. This network will also be used for media/broadcast
content distribution, secure remote data storage (to facilitate
Sarbanes-Oxley compliance), voice communications, and site
monitoring with video surveillance." The network will be fully
integrated with the Emergency Alert System (EAS) including
emergency alerts issued by the Department of Homeland Security and
Amber Alerts. The network includes satellite, third-generation
cellular data networks (3G), fiber optic transmission, and public
internet capabilities, DeAvila said. "It will be great to have a
operational system in place that will manage our products in all
cities across the United States and that the system was built to
specifically empower Sector 10's intellectual property," he said.
The network distribution services include the worldwide
transmission of video and audio broadcasts, with content management
services that archive data under a redundant system with various
server clusters across the nation, and ultimately world-wide.
DeAvila said the agreement was reached after Sector 10, Inc.
received a detailed appraisal and review from an independent third
party. Sector 10 Holdings, Inc. also has agreed to turn over
customers to the network providing additional income to Sector 10.
Inc. In an additional action, the board of Sector 10 Holdings, Inc
agreed to discount the asset to Sector 10, Inc. "We are here to
support Sector 10, Inc. in any way we can, to encourage growth and
its mission of pre-deployment as the way to save lives," the Board
said in a written statement. The agreement and the transfer will be
finalized in the coming weeks. For more information please see
http://www.sector10.com/. Capital Group Communications, Inc. Mark
Bernhard or George Carpenter, 415-332-7200
http://www.capitalgc.com/http://www.sector10.com/ FORWARD-LOOKING
STATEMENTS This press release may include "forward-looking
statements" within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. All statements, other than statements of
historical facts, included in this press release that address
activities, events or development that the company expects,
believes or anticipates will or may occur in the future are
forward-looking statements. These statements are subject to a
number of assumptions, risks and uncertainties, many of which are
beyond the control of the Company, which may cause the Company's
actual results to differ materially from those implied or expressed
by the forward-looking statements. The Company assumes no duty
whatsoever to update these forward-looking statements or to conform
them to future events or developments. DATASOURCE: Sector 10, Inc.
CONTACT: Mark Bernhard or George Carpenter, both of Capital Group
Communications, Inc., +1-415-332-7200, for Sector 10, Inc. Web
site: http://www.sector10.com/
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