SOURCE: OptiCon Systems, Inc.

November 04, 2009 08:00 ET

OptiCon Retains Wilson Sonsini Goodrich & Rosati (WSGR)

To Assist PowerCon Systems With Government and Private Funding Opportunities

ST. PETERSBURG, FL--(Marketwire - November 4, 2009) - OptiCon Systems, Inc. (OTCBB: OPCN), a global provider of OSS (Operational Support System) software applications for the Energy and Telecommunications industries, announced today that it has retained WILSON, SONSINI, GOODRICH & ROSATI ("WSGR") as Counsel, to represent and advise the Company with respect to private and government funding opportunities.

"We welcome the investment expertise of the nation's premier legal advisors to the technology sector, as we position PowerCon Systems to deliver wide area management capabilities for the SmartMeter and SmartGrid initiatives," said Paul Aiello, CEO of OptiCon Systems.

WSGR represents more than 300 public companies and 3,000 private companies across technology and growth industries, with over 700 M&A transactions valued at more than $300 billion in the last five years and more venture-capital backed companies than any other law firm in the U.S.

Additionally, the company announced that it intends to facilitate the development and marketing of its PowerCon Energy Systems products through acquisition of $35 million in funding as a result of government stimulus investments.

"In this era of unprecedented change in the Energy sector, PowerCon Systems is uniquely positioned for rapid deployment of mission-critical software to address the evolving requirements of two-way communication, demand response, and outage control systems. The stimulus funding accelerates the need for integration of secure management solutions, a fundamental element of the systems pioneered by CORNING is now an imperative for national security," continued Aiello.

About Wilson Sonsini Goodrich & Rosati

Wilson Sonsini Goodrich & Rosati is the premier legal advisor to technology and growth enterprises worldwide, as well as the investment banks and venture capital firms that finance them. Over the past four decades, Wilson Sonsini Goodrich & Rosati has established its reputation by having an unmatched knowledge of its clients' industries and deep and long-standing contacts throughout the technology sector. The firm's legal expertise serves clients at all stages of growth, from venture-backed start-up companies to multibillion-dollar global enterprises. The firm's clients include some of the most recognized names in the technology, retail, life sciences, venture capital, and finance sectors. The firm is nationally recognized as a leader in corporate governance, public and private offerings of equity and debt securities, mergers and acquisitions, securities class action litigation, intellectual property litigation, joint ventures and strategic alliances, and technology licensing and other intellectual property transactions. WSGR currently represent over 100 venture capital and other with offices in Austin, Palo Alto, New York, San Diego, San Francisco, Seattle, Shanghai, and Washington, D.C. WSGR Track Record includes;

--  Advises more than 300 public enterprises on issues of corporate law,
    securities, and corporate governance.
--  Advises more U.S. companies in their initial public offerings than any
    other law firm worldwide.
--  Completed more than 200 public equity and debt offerings over the last
    five years, helping clients raise more than approximately $50 billion.
--  Represents more technology enterprises in mergers and acquisitions
    than any other U.S. law firm.
--  More than 700 M&A transactions valued at more than $300 billion in the
    last five years.|
--  Defends more securities class action cases than any other U.S. law
--  Advises more than 150 venture capital and other private equity firms.

About OptiCon Systems

OptiCon Systems, Inc., through its subsidiary, provides Wireline, Wireless and fiber optics network management solutions offering proprietary state-of-the-art software, professional services and integrated systems. OptiCon Systems have been in use by companies seeking the best solution in managing their networks for the past 10 years. The company's software solutions automate all aspects of the physical and logical layer management, fault detection and delivery of information. The scalability of the software systems permits the Company to target large communications and telecom companies servicing millions of global customers to medium-sized companies managing a single facility. Besides OptiCon Network Manager (ONMS), the company will soon offer PowerCon Energy Systems (PES) that is designed to manage large power networks and facilities for power and alternative energy companies globally. The PES/ONMS isolates (power/fiber) cable cuts, breaks, and faults, and service degradation and other power and optical events to within plus or minus five feet of the event, and produces a global positioning system location for the outage to an approximate five foot section of cable.

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Forward-Looking Statements

This press release may contain forward-looking statements covered within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products and services that we may not produce today and that meet defined specifications. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in pervasive markets.

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