SOURCE: Satellite Security Corp.

September 04, 2007 16:23 ET

Satellite Security Corporation (OTCBB: SLTS) Announces Letter of Intent to Acquire AIMMS, Inc. (Advanced Interactive Mobile Marketing System, Inc.), a Leading Korean Venture-Backed Technology Firm and CRM Market Organizer

SAN DIEGO, CA--(Marketwire - September 4, 2007) - Satellite Security Corporation (OTCBB: SLTS) announced today that it has signed a letter of intent to acquire 100% of the outstanding shares of Advanced Interactive Mobile Marketing System, Inc. ("AIMMS"), a leader in marketing communications and interactive mobile marketing technology.

AIMMS owns and operates a turnkey system for capturing customer information, membership and CRM management, loyalty programs, campaign planning and execution, result analysis and enhanced data mining. The AIMMS platform enables corporations to access their customers' cell phones with specific targeted advertising that is local and relevant. All campaigns are tracked and provide user information via powerful multi-dimensional database analysis reporting tools.

Satellite Security Corporation intends to offer to exchange 50 million shares of its stock for 100% of the outstanding shares of AIMMS. The letter of intent is a non-binding. Any transaction between Satellite Security Corporation and AIMMS will be subject to (i) the completion of due diligence, (ii) the successful negotiation and execution of a mutually acceptable definitive agreement, (iii) approvals of the respective company's boards of directors and shareholders, if required, and (iv) obtaining any necessary regulatory approvals or third party consents.

AIMMS recently signed an agreement with SK Telecom, one of the world's largest cell phone service providers, to provide automated interactive marketing technology to SK Telecom's 20 million cell phone customers. SK Telecom has trailing 12 months revenues of 10.51 trillion Korean Won (US$10.8 billion), and net income of 1.61 trillion Korean Won (US$1.7 billion), quarter-to-quarter revenue growth over the past two quarters of 2.8% and 22.4% respectively.

AIMMS also recently entered into an agreement with KTF, the second largest Korean cell phone service provider to provide IMMS (Interactive Mobile Marketing System) services.

AIMMS is also launching its Franchise Membership Service targeting 20,000 retail stores to enroll its customers in a mobile rewards program. Its Mobile Membership Technology collects customer data, provides discounts and rewards and interactively advertises store promotions using SMS and MMS cellular technology. The Mobile Membership Server provides customer scoring, sales by customer, customer preferences, response ratios, customer value and many other vital statistics.

The company has provided database marketing, membership rewards systems, CRM systems and mobile marketing to Dongbu Group, LG, CJ Corp (Jeil), Johnson and Johnson, Procter and Gamble, Microsoft, LG Telecom, Citibank, HSBC, American Express, Shinhan Life, Kookmin Card, Miliore, Missa, LG Card, Webtour, Pizza Hut and several others.

About Satellite Security Corporation

Satellite Security Corporation was previously in the business of asset tracking using GPS technology and has terminated these operations. The company is evaluating opportunities to merge or combine with an operating company. Its intended acquisition of AIMMS is intended to capitalize on the fast growing cellular telephone industry. According to available industry data, there are approximately 3 billion cell phones in use worldwide and 1 billion Internet connections. With the convergence of technologies and the ability to target individual subscribers, transaction based applications are expected to grow exponentially for the foreseeable future. Mobile network operators worldwide have identified data as a high growth area and in particular user generated applications.

About AIMMS

Advanced Interactive Mobile Marketing System, www.aimms.co.kr, is a global leader in marketing communications and interactive mobile marketing technology that provides a turnkey system for capturing customer information, membership and CRM management, loyalty programs, campaign planning and execution, result analysis and enhanced data mining. The AIMMS platform enables corporations to access their customers' cell phones with specific targeted advertising that is local and relevant. All campaigns are tracked and provide user information via powerful multi-dimensional database analysis reporting tools.

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: whether Satellite Security Corporation can successfully negotiate and complete the acquisition of AIMMS; the sustainability of recent growth rates in the cell phone market; the positioning of AIMMS' products 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 AIMMS can successfully develop new products and the degree to which these gain market acceptance. Actual results may differ materially from those contained in the forward-looking statements in this press release. Satellite Security Corporation and AIMMS do not undertake any obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

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