A4S Security Announces Strategic Realignment to Take Advantage of Law Enforcement Market
June 22 2006 - 1:00PM
PR Newswire (US)
LOVELAND, Colo., June 22 /PRNewswire-FirstCall/ -- A4S Security,
Inc. (Nasdaq: SWAT, SWATW; NYSE Arca), a leading provider of mobile
digital video surveillance solutions, today announced a strategic
realignment of the company's executive team that will better
position the company to address the significant law enforcement
digital video marketplace. Tom Marinelli, CEO of A4S Security,
commented, "As we continue to build our transit business, we are
aggressively focusing attention on the law enforcement marketplace
as the International Association of Chiefs of Police is completing
their work this Fall and is expected to recommend minimum
specifications for law enforcement digital video. To accomplish our
goal of becoming a technology leader in law enforcement, as we have
in the transit digital video market, we need to more strategically
focus our resources to take advantage of this significant market
which is estimated to exceed $3 billion." Effective July 1, 2006,
Michael Siemens, a retired police officer himself, will move from
the role of President of A4S Security to Executive Vice President,
Law Enforcement to focus specifically on the ShiftWatch law
enforcement line of business. As a sign of its commitment to the
law enforcement market, the company has extended the term of
Michael Siemens' employment with the company for a period of one
year, expiring June 30, 2008. Tom Marinelli will take on the added
role of President of A4S Security effective July 1, 2006. Mr.
Marinelli continued, "I am pleased to take on this added
responsibility as President. I believe we have built a world class
foundation for growth and these changes will set the stage for
effective execution in both our transit and law enforcement
sectors." Greg Pusey, Chairman of A4S Security stated, "Michael's
background in law enforcement and recent participation on the
executive committee of the International Chiefs of Police Digital
Video Working Group make him uniquely qualified to set the vision
of our ShiftWatch law enforcement line of products." "To enable the
execution of the burgeoning law enforcement line of business, we
are bringing all resources to bear, including Tom's experience in
building and managing organizations for long term growth and
success to the position of President. This move closely aligns with
our recent proposed name change announcement and prepares A4S
Security, which will be known as Security with Advanced Technology
after shareholder approval, to grow beyond these two markets alone
into other security related markets," Pusey concluded. The company
also announced that Michael Siemens will step down from the A4S
Security Board of Directors effective July 1, 2006. Michael's Board
seat will remain vacant until a replacement is named. 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/. Information on the company's
website does not comprise a part of this press release. 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 and may not materialize. 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 the company's ability to increase sales
of its products, retain the services of its executive officers and
directors and enhance, execute and protect its technological
capabilities, among others. Furthermore, the company does not
intend (and is not obligated) to update publicly any
forward-looking statements, except as required by law. 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/
Copyright