Sensor System Solutions, Inc. (SSYO) Merger Update
October 31 2011 - 8:00AM
Marketwired
Sensor System Solutions, Inc. (PINK SHEETS:SSYO)
(http://www.sensorsystemsolutions.com/) is pleased to share
information on the company's progress.
1. SSYO Interim management has completed the necessary filings
with OTC Markets to have the "skull and bones" rank removed from
its quote,
2. SSYO is currently considered "Current Information" with the
highest rank of OTC Markets for its class category,
3. SSYO is entertaining a social media type start up merger
candidate whose name shall not be released at this stage of due
diligence in order to protect the progress of merger
negotiations.
The potential new subsidiary operates in the area of social
networks and uses a unique social networking system to connect
individuals across variety of social groups, locales, subcultures
etc. This social network brings together people around various
topics to engage, encourage interaction as well as compete in
social network space.
Industry Overview:
Social media had effectively changed the way people relate and
do business. Social Media became the #1 activity on the Web and
over 10% of companies use social media for recruitment; 1 in 5
couples meet online; 2009 US Department of Education study revealed
that on average, online students outperformed those receiving
face-to-face instruction, and if Facebook were a country it would
be the world's 3rd largest and 2x the size of the U.S.
population.
SSYO management believes that this subsidiary will revitalize
SSYO business.
Sensor System Solutions, Inc. looks forward to updating the
investor public as the merger talks continue.
Safe Harbor Statement
Information in this news release may contain statements about
future expectations, plans, prospects or performance of Sensor
System Solutions, Inc. that constitute forward-looking statements
for purposes of the Safe Harbor Provisions under the Private
Securities Litigation Reform Act of 1995. The words or phrases "can
be," "expects," "may affect," "believed," "estimate," "project" and
similar words and phrases are intended to identify such
forward-looking statements. Sensor System Solutions, Inc. cautions
you that any forward-looking information provided by or on behalf
of Sensor System Solutions, Inc. is not a guarantee of future
performance. None of the information in this press release
constitutes or is intended as an offer to sell securities or
investment advice of any kind. Sensor System Solutions, Inc.'s
actual results may differ materially from those anticipated in such
forward-looking statements as a result of various important
factors, some of which are beyond Sensor System Solutions, Inc.'s
control. In addition to those discussed in Sensor System Solutions,
Inc.'s press releases, public filings, and statements by Sensor
System Solutions, Inc.'s management, including, but not limited to,
Sensor System Solutions, Inc.'s estimate of the sufficiency of its
existing capital resources, Sensor System Solutions, Inc.'s ability
to raise additional capital to fund future operations, Sensor
System Solutions, Inc.'s ability to repay its existing
indebtedness, the uncertainties involved in estimating market
opportunities, and in identifying contracts which match Sensor
System Solutions, Inc.'s capability to be awarded contracts. All
such forward-looking statements are current only as of the date on
which such statements were made. Sensor System Solutions, Inc. does
not undertake any obligation to publicly update any forward-looking
statement to reflect events or circumstances after the date on
which any such statement is made or to reflect the occurrence of
unanticipated events.
Contacts: Sensor System Solutions, Inc. Investor Relations
1-647-426-1640www.minamargroup.net/helpdesk Investor Relations
Department Inquirywww.minamargroup.net (IR) For (M&A) and
Corporate Matterswww.minamargroup.com
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