Buyback Expiration Date Extended

RNS Number : 4722D
Gatekeeper Systems, Inc
15 September 2008

Gatekeeper Systems, Inc.
15 September 2008

For immediate release 15 September 2008

Gatekeeper Systems, Inc. - Announces Extension of Expiration Date of Offer to Buyback Shares of its Common Stock

IRVINE, California. - 15 September 2008 - Gatekeeper Systems, Inc. ("Gatekeeper" or the "Company"), announced today that it has extended
the expiration date of its offer, dated 15 August 2008 (the "Offer"), to buyback up to 2,500,000 of its issued and outstanding Common Shares
at a price of �0.20 per Common Share, net to the seller in cash. As extended, the Offer will expire at 1.00 P.M., London Time, on Monday, 29
September 2008, unless further extended.
As of 15 September 2008, 6,324,526 of Gatekeeper's Common Shares have been tendered pursuant to the Company's Offer. Gatekeeper has
extended the Offer to provide its Board of Directors additional time to evaluate increasing the number of Common Shares subject to the Offer
in order to accommodate stockholders who have tendered their shares or desire to tender additional shares.
Gatekeepers' Board of Directors makes no recommendation as to whether or not stockholders should tender their Common Shares in the
Offer. Stockholders must make their own decision whether to tender Common Shares for buyback by the Company.
The Company's majority stockholder, which currently holds 26,707,050 Common Shares (representing approximately 67.8% of the 39,397,693
outstanding Common Shares at the date of this announcement), has agreed that it will not tender any of the Common Shares held by it.
The terms and conditions of the Offer are described in the circular that was delivered to the Company's stockholders on or about 15
August 2008 (the "Offer Circular"), and is available on the Company's website at www.gatekeepersystems.com under Investor Relations -
Financial Information Center - Financial News. As a result of the extension of the period during which the Offer is open, all references in
the Offer Circular to the date 15 September 2008 are changed to 29 September 2008, and all references in the Offer Circular to the date 29
September 2008 are changed to 13 October 2008. Except for the extension of the period during which the Offer is open and the resulting date
changes described above, the terms and conditions of the Offer are otherwise unchanged and are as described in the Offer Circular.
On 3 September 2008, the Company also announced that its Board of Directors had determined that it would be in the best interests of the
Company and its stockholders to seek a delisting of its Common Shares on the AIM market. Under the AIM Rules for Companies, it is a
requirement that any delisting from AIM must be approved by not less than 75 per cent of stockholders voting in general meeting.
Accordingly, the Company has called a General Meeting for 19 September 2008 at which a resolution to approve the application to the London
Stock Exchange plc for cancellation of admission of the Company's shares on AIM will be proposed. The Company has notified London Stock
Exchange plc of its preferred cancellation date and, if the resolution is approved, it is expected that cancellation of dealings will take
effect on 1 October 2008. On or about 3 September 2008, the Company mailed to its stockholders a notice of meeting and proxy materials
relating to the General Meeting and the proposal to seek a delisting from AIM. The notice and proxy materials are also available on the Company's website at www.gatekeepersystems.com under Investor Relations -
Financial Information Center - Financial News.

Terms contained and defined in the Offer Circular have the same meaning in this announcement unless otherwise defined in this
announcement or the context otherwise requires.

For further information please contact:
Gatekeeper Systems, Inc.
Erik Paulson, CEO +1 949.268.1319
Aaron Neilsen, CFO +1 949.268.1323

Jeff Keating, Landsbanki +44 (0)20.7426.9000
Nomad & Broker

ABOUT GATEKEEEPER SYSTEMS
Gatekeeper Systems, Inc. has been blending leading edge technology with exceptional service since 1996 to provide the most advanced,
effective and easy-to-use shopping trolley containment and retail loss-prevention solutions available to today's retailer.
Gatekeeper's headquarters are located in Irvine, California, with sales and distribution offices throughout the United States. In
addition, Gatekeeper has international offices in Ontario, Canada; London, England; Mundolsheim, France; and Kowloon Tong, Kowloon, Hong
Kong. The Common Shares are listed on the London Stock Exchange plc's AIM market under the symbol GKR.

This information is provided by RNS
The company news service from the London Stock Exchange

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