A4S Security Moves to Change Name to 'Security With Advanced Technology, Inc.'
June 14 2006 - 2:00PM
PR Newswire (US)
LOVELAND, Colo., June 14 /PRNewswire-FirstCall/ -- A4S Security,
Inc. (Nasdaq: SWAT, SWATW; NYSE Arca: SWAT, SWATW), a leading
provider of mobile digital video surveillance solutions, today
announced that its Board of Directors has approved, subject to
shareholder approval, changing the company name to Security With
Advanced Technology, Inc. The name was chosen to avoid confusion in
the marketplace and is designed to more effectively tie the company
name to the "SWAT" stock symbol. Tom Marinelli, CEO of A4S
Security, commented: "We believe that the name 'Security With
Advanced Technology' better describes the market opportunity
afforded by our innovative technology and approach while better
communicating the mission and strategic vision of our ShiftWatch
brand to serve not only the current video market but also areas of
Security beyond mobile video. The new name also conveys our
intention to diversify our business beyond our core law enforcement
and transit markets and explore additional markets within the
Homeland Security market space, both domestically and
internationally." The name change will require an amendment to the
Articles of Incorporation that will be voted on at the upcoming
2006 shareholder meeting. The name change will also require a
change in the trading CUSIP number of the Company and then an
exchange of all stock certificates for new ones reflecting the name
and CUSIP changes. About A4S Security, Inc. A4S Security, Inc.
develops and markets the ShiftWatch(R) product line of mobile
digital video surveillance solutions for public transportation, law
enforcement and general security applications. The company's full
motion, high resolution video system utilizes patent pending video
streaming technology and GPS synchronization capabilities to
provide agencies with data security and reliability. The company's
open, standards based architecture, facilitates interoperability,
easing management of the information and communication complexities
and leveraging customers' investment in the future. For additional
information about A4S Security and ShiftWatch solutions, call
1-888-825-0247 or visit http://www.shiftwatch.com/. This press
release includes "forward looking statements" as defined by the
Securities and Exchange Commission (the "SEC"). All statements,
other than statements of historical fact, included in the press
release that address activities, events or developments that the
Company believes or anticipates will or may occur in the future are
forward-looking statements. These statements are based on certain
assumptions made based on experience, expected future developments
and other factors the Company believes are appropriate under the
circumstances. Such statements are subject to a number of
assumptions, risks and uncertainties, many of which are beyond the
control of the Company. Investors are cautioned that any such
statements are not guarantees of future performance. Actual results
or developments may differ materially from those projected in the
forward-looking statements as a result of many factors, including
achieving substantial increases in sales of the Company's products,
technological developments and adverse changes in market
conditions. Furthermore, the Company does not intend (and is not
obligated) to update publicly any forward-looking statements. The
contents of this release should be considered in conjunction with
the warnings and cautionary statements contained in the Company's
recent filings with the SEC. DATASOURCE: A4S Security, Inc.
CONTACT: Investor Relations, Todd Kehrli or Jim Byers, both of MKR
Group, LLC, +1-818-556-3700, , for A4S Security, Inc.; or Media,
Pat O'Connor of A4S Security, Inc., +1-970-461-0071, ext. 134, Web
site: http://www.shiftwatch.com/
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