SOURCE: Remote Surveillance Technologies, Inc.

December 19, 2007 07:30 ET

Remote Surveillance Technologies Posts 58% Increase in Revenues, 250% Decrease in Costs of Goods and a 20% Decrease in Expenses From 3rd Quarter to 4th Quarter QTD

IRVINE, CA--(Marketwire - December 19, 2007) - Remote Surveillance Technologies, Inc. (PINKSHEETS: RSUV) today announced revenues have increased by 58% when comparing 3rd quarter revenues ending September 30, 2007 to 4th quarter revenues, as of December 17, 2007. Additionally, cost of goods has decreased by 250% and overall expenses have decreased by 20%.

Remote Surveillance Technologies CEO Michael Cummings stated, "I am pleased to announce that for the very first time this year, Remote Surveillance Technologies has achieved a prodigious increase in revenues vis-à-vis prior quarters. I am even more excited about the tremendous progress made in winding down low margin projects and continuing to focus on overall expenses." He added, "While we will continue to concentrate on top line growth in 2008, we will also focus our efforts on being profitable."

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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 clients' 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.

Contact Information

  • CONTACT INFORMATION

    Remote Surveillance Technologies, Inc.
    Michael Cummings
    (949)829-9300 x 112
    michael@rsttech.com

    Investor Relations Contact:
    Gerald Kieft or Ryan Audin
    Wall Street Resources, Inc.
    2646 SW Mapp Road, Suite 303
    Palm City, Florida 34990
    (772)219-7525
    http://www.wallstreetresources.net