SOURCE: iSEE Corp. Universal, Inc.

September 19, 2006 18:19 ET

iSEE Corp. Universal, Inc. Terminates Buyout From Sunrise Broadband Group

LAFAYETTE, CO -- (MARKET WIRE) -- September 19, 2006 -- iSEE Corp. -- a developer and producer of high density mobile digital surveillance recorders -- located in Lafayette, Colo., announced today (9/19/06) the termination of the proposed merger with Sunrise Broadband Group (SBG) of Broomfield, Colo. Sunrise had announced the proposed transaction in June of this year. The agreement contemplated a cash and stock transaction valued in excess of $2 million dollars wherein SBG, the public company (PINKSHEETS: SBBD), would have become the majority shareholder of privately held iSEE Corp. The iSEE shares would have incrementally become publicly traded, and the company would have been operated as a subsidiary of Sunrise.

According to Mr. Allison, the Chairman of iSEE, "Sunrise has failed to deliver on every facet of the proposed transaction. As a result the Board has, with regret, terminated the prospect of any affiliation with Sunrise."

For further information regarding this announcement please contact the Director of Marketing, Todd Chmiel of iSEE Corp. at 303-604-0900 or via email at tchmiel@iseedvr.com.

Contact Information

  • Contact:
    Todd Chmiel
    Director of Marketing
    iSEE Corp.
    303-604-0900
    Email Contact