FDBH Founders Bay Holdings (CE)

Intersecurity Holdings Corporation (OTCPK: IXSV) and SOB Kft. announced today that they have agreed to extend the contemplated closing date of their transaction to February 28, 2006. As was previously announced, Intersecurity signed a letter of intent (LOI) with SOB Kft. in December of 2005 with the intention of completing the purchase of an equity position in the company by January 31, 2006. Mr. Simone, President of Intersecurity Holdings Corp stated, "Due to the different legal environments between the US and Hungary, we will require more time in completing this transaction. Our counsel is working diligently and our due diligence has been positive. I expect, barring any unforeseeable events, we will complete this transaction in the next few weeks." New developments at the company include the addition of Dr. Wilner to the company's advisory board. Dr. Wilner brings with him a wealth of knowledge in the field of optical electronics and will assist the company in conducting due diligence and review of possible technology investments. Intersecurity plans to capitalize on SOB's client base, infrastructure, employees and contacts in Hungary to further strategic opportunities. Closing of the transaction will be subject to the completion of Intersecurity's due diligence and execution of a definitive acquisition agreement. For additional information please contact Equitable Research (USA) at +1 (954) 281-8266 or visit www.ixsv.com. About SOB Kft.: SOB Kft. is a management company in Hungary which amongst its businesses supplies facility management and security services to both large and small international and local corporations with a presence in Hungary. Amongst its clientele are the large industrial complexes, among them SPI, JIT, Urban Market Project, Marche Lorinc, Litliner Kft., M5 Logisztika Kft. and Immo-Laurent Kft. Safe Harbor Statement: This press release may contain forward looking statements. The words 'estimate', 'possible' and 'seeking' and similar expressions identify forward-looking statements, whether because of new information, future events, or otherwise. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted, or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties to which forward looking statements are subject include, but are not limited to, the effect of government regulation, competition and other material risks.