SOURCE: Remote Surveillance Technologies, Inc.

October 02, 2007 08:00 ET

Remote Surveillance Technologies Announces the Acquisition of Los Angeles-Based Secsol, Inc. d/b/a/ Security Solutions and 2007 Revenue Guidance of $5.0 Million

IRVINE, CA--(Marketwire - October 2, 2007) - Remote Surveillance Technologies, Inc. (PINKSHEETS: RSUV), formerly (PINKSHEETS: RSUR), today announced it has acquired 100% of the outstanding shares of Los Angeles-based Secsol, Inc. d/b/a Security Solutions, a complete solution security service firm, which provides design, installation and maintenance of electronic security systems.

Based on Security Solutions' un-audited revenue of approximately $4.0 million through September of 2007, the Company's combined annual revenue for 2007 is expected to be approximately $5.0 million. Security Solutions currently services clients such as Kaiser Permanente, Southern Cal Edison, HerbalLife, Frito Lay, Exxon Mobil and General Dynamics.

Remote Surveillance Technologies CEO Michael Cummings stated, "Our business strategy is aggressive, but our goal is to continue to grow rapidly through high quality strategic acquisitions, such as Security Solutions and grow organically, resulting in significant scale within three years. I believe we have now taken the first but most important step towards that objective. With our recent acquisition of nMotion, Inc. and now with the acquisition of Security Solutions, we've achieved two significant milestones within just the past 30 days. In acquiring Security Solutions, we've not only added another tremendous, high growth component, but we have also enhanced our product and service offerings."

Security Solutions President Tim DeWeese commented, "I consider this a terrific opportunity to team up with Michael and become an integral part of the Remote Surveillance Technologies organization. I believe Security Solutions' core competencies blend seamlessly with Remote Surveillance Technologies and nMotion, Inc. With our industry experiencing record growth, it is certainly within our collective capabilities to achieve the critical mass and scale consistent with Michael's strategy. I am looking forward to the exciting future ahead of us."

Pursuant to terms of the agreement, Remote Surveillance Technologies acquired 100% of the outstanding shares of Security Solutions for $6 million structured as a (i) $2.0 million in cash and (ii) $4.0 million in Remote Surveillance Technologies' restricted common stock. Security Solutions will continue to operate as a wholly owned subsidiary of Remote Surveillance Technologies and Mr. DeWeese will remain in his capacity as Security Solutions President.

Remote Surveillance Technologies would like to announce that effective October 2, 2007, as previously reported, our 10 to 1 reverse split is in effect. We also note that our trading symbol will change to RSUV.

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About Security Solutions

Security Solutions was founded in 1991 as a full-service electronic security system integrator, designing, installing and maintaining systems for fortune 500 companies. Security Solutions provides custom high-tech design services, installation of converged technologies and continual maintenance for electronic security systems such as access control, IP video cameras and intrusion alarm systems.

Based in Los Alamitos, Ca., Security Solutions has had numerous successes with high end clients requiring integration of multiple technologies to a single platform. Some of these clients include, The Staples Center, Vandenberg Air Force Base (SLC's #3 and #4), and First American Title's corporate headquarters. When 9/11 struck, high profile events turned to Security Solutions to provide custom credentialing with multiple embedded technologies making the badges virtually impossible to duplicate. These events included the Academy Awards, Golden Globes and The Screen Actors Guild.

Security Solutions continues to add to its suite of services from documentation and design to implementation and post installation support. Now adding to this is the ability for remote monitoring of closed circuit television and IP access control.

Security Solutions

About Remote Surveillance Technologies

Remote Surveillance Technologies is a full-service electronic security systems integrator and remote surveillance monitoring company. RST provides security analysis, systems design, equipment purchase, installation, and integration for off-site video monitoring. RST revenue is generated from both recurring video monitoring fees and systems installations. The monitoring advantages offered by RST to its clients include: the elimination of false alarms; incident verification at physical plant and with corporate vehicles; immediate notification to law enforcement; description and physical location of perpetrator(s) to law enforcement during the crime; immediate voice interaction with perpetrator(s); 24/7 on-site digital image recording and storage; redundant recording of events at monitoring station to preserve evidence, alarm indicator points for ease of reviewing incidents; and the significant lowering of the client's security costs by reducing or eliminating on-site guard personnel.

The Company spent most of 2006, its initial year of business operations, developing the Company's infrastructure, building the 24/7 monitoring facility and soliciting contracts and accounts. Clients of the Company currently include: SC Fuels, Cajon Valley School District, Charriol Geneve Jewelers, Southland Transit and two very large high-tech companies in Southern California.

FORWARD-LOOKING STATEMENT: This press release contains forward-looking statements, including expected industry patterns and other financial and business results that involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from results expressed or implied by this press release. Such risk factors include, among others: the sustainability of recent growth rates in the Security and Surveillance industry; the positioning of RST in the market; ability to integrate acquired companies and technology; ability to retain key employees; ability to successfully combine product offerings and customer acceptance of combined products; general market conditions, fluctuations in currency exchange rates, changes to operating systems and product strategy by vendors of operating systems; and whether RST can successfully gain market acceptance. Actual results may differ materially from those contained in the forward-looking statements in this press release.

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