SOURCE: CruiseCam International

June 18, 2008 10:58 ET

CruiseCam International Issues Shareholder Update for June 2008

BIRMINGHAM, MI--(Marketwire - June 18, 2008) - CruiseCam International (PINKSHEETS: CCMJ) is pleased to announce that our operations in China have produced and delivered the first production version of the DVR system/Vettecam. We are integrating these initial systems into demo programs immediately.

Our distribution agreement through Driver's Alert continues to do well. Additional product purchases are underway in support of our existing retailers. CruiseCam will be expanding retail sales through Driver's Alert distribution with the addition of numerous stores both in the US and Europe.

Due to CruiseCam being the recipient of several organized and unscrupulous attacks against the management and other related affiliates an investigation has been launched.

These attacks have damaged the market valuation of the company and have caused damage to the management personnel. This activity has undermined the hard work of its President, Board Staff and distributors. "I am no longer going to allow this type of unscrupulous assault to continue," commented Scott Watkins, CEO of CruiseCam International. "We have had the benefit of a third party investigation. From that investigation and the help of numerous other sources we have identified the individual(s) that have conducted what has been called in the report as a character assassination. This attempt against CCMJ staff and shareholders has caused rapid devaluation of our share price and harm to our business relationships. It has been extremely difficult to sit on the sideline waiting for these chain of events to mature and watch them attack us but that is over now," concluded Watkins.

CruiseCam is taking the appropriate next steps and will keep the shareholders advised of our progress in this matter with the authorities.

At present the structure for CCMJ is 500 million authorized, 379 million issued and a float of approximately 150 million. We have authorized our transfer agent Island Stock Transfer to confirm these figures for all those that inquire on a monthly basis. CCMJ will not increase the float or add to the market dilution.

The net worth of CCMJ exceeds $7,300,000 with a net book value per share of .019. CCMJ shares are materially under valued in the market today.

We will continue to release news that has been developed during this quiet time and will release in a timely fashion.

About CruiseCam International

CruiseCam International (PINKSHEETS: CCMJ), through its two operating subsidiaries, develops and markets integrated, "in-car" camera mount and recording systems for law enforcement, consumer, commercial and transportation applications, as well as for competition racing cars. The Company's patented technology and industry-first "Cruisecam" offering have been developed since 1996, and are distributed nationwide. For more information, visit:

SAFE HARBOR: Statements in this press release other than statements of historical fact, including statements regarding the company's plans, beliefs and estimates as to projections are "forward-looking statements." Such statements are subject to certain risks and uncertainties, including factors listed from time to time in the company's SEC filings, and actual results could differ materially from expected results. These forward-looking statements represent the Company's judgment as of the date of this release. The Company does not undertake to update, revise or correct any forward-looking statements.

Contact Information