SOURCE: MSGI Security Solutions, Inc.

MSGI Security Solutions, Inc.

November 23, 2010 08:30 ET

MSGI Announces Strategic Name Change and Relocation of Operations to NASA in Mountain View, California

NEW YORK, NY--(Marketwire - November 23, 2010) - MSGI Security Solutions, Inc. (OTCBB: MSGI), a provider of proprietary solutions to commercial and government organizations, today announced that the Company has planned to undergo a name change and a relocation of their operations to Mountain View, California.

MSGI is planning to change the name of the Company from MSGI Security Solutions, Inc. to MSGI Technology Solutions Inc. effective upon the conclusion of a proposed shareholder vote. The Company anticipates that a preliminary proxy will be filed on Form 14A with the U.S. Securities and Exchange Commission shortly and that a mailing of the proxy materials to voting shareholders should occur in December 2010. In the interim, the Company will operate under the DBA of MSGI Technology Solutions, Inc. While MSGI will continue to conduct business in the homeland security sector and will in fact be releasing new homeland security products in 2011, the Company has expanded their product portfolio and offerings to encompass the life sciences and renewable energy sectors. Changing the name to MSGI Technology Solutions will better reflect the Company's broader technology platform.

Effective immediately, all Company operations will be based at NASA Ames Research Center, Building 19, Moffett Field, California 94035. MSGI has strategically focused its future on the advancing and commercialization of NASA technology and will now operate from within NASA Ames Research Center to better facilitate our partnership and co-development efforts.

Ames Research Center, one of 10 NASA field installations, is located in the heart of California's Silicon Valley at the core of the research cluster of high-tech companies, universities and laboratories that define the region's character. With over $3.0 billion in capital equipment, 2,300 research personnel and a $600 million annual budget, Ames' economic impact is significant. Ames plays a critical role in virtually all NASA missions in support of America's space and aeronautics programs.

About MSGI
MSGI Security Solutions, Inc. (OTCBB: MSGI) is a provider of proprietary solutions to commercial and government organizations. We are developing a combination of innovative emerging businesses that commercialize best of breed technology. The Company is based in New York and Silicon Valley. MSGI has executed several Space Act Agreements with The National Aeronautics and Space Administration ("NASA") forming a partnership between MSGI and the NASA Ames Research Center for the purpose of research and development, technology transfer and near-term commercialization of NASA inventions.

The information contained in this news release, other than historical information, consists of forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. These statements may involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors, including general economic conditions, spending levels and other factors could cause actual results to differ materially from the Company's expectations.

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