SOURCE: Security With Advanced Technology

November 23, 2007 09:00 ET

Security With Advanced Technology Announces Investor Conference Call to Discuss Current Developments, Updates and Financial Results

Management to Discuss Divisional Focus, Product Updates and Financial Overview

WESTMINSTER, CO--(Marketwire - November 23, 2007) - Security With Advanced Technology, Inc. (NASDAQ: SWAT), an emerging provider of security products and services, today announced a conference call to discuss its current operations and focus, product developments, marketing initiatives and current financial results.

Management will conduct a conference call tentatively scheduled for 2:30 p.m. Mountain Standard Time (MST) on Monday, December 3, 2007. A follow-up release with the timing confirmation and call-in logistics will be issued in advance of the call. Callers will be able to ask questions at the conclusion of the call. For interested persons unable to join the conference call, a replay of the call is anticipated to be available after the call on our website, http://www.swat-systems.com/.

In addition to updates and discussions on recently announced events, the call is expected to cover the following topics, among others:

-- Summary of the third quarter financial results.
-- Profile of current management team.
-- Near term focus of the Company’s three business units;
    A. Veritas Tactical
    B. Avurt
    C. Vizer
-- Product development status and timing, including the Mark-IV and IM-5.
-- Update on in-process domestic and international product evaluations.
-- Update on current recurring revenue stream led by Vizer security
   projects and non-lethal projectile sales.
-- Milestone objectives for upcoming next several months.
-- Business issues being considered.
-- Q&A

Jeff McGonegal, recently appointed CEO of the Company, noted, “2007 has been a very difficult year for SWAT, with product delays causing revenue disappointments, significant losses and management changes. As 2007 concludes and we head into 2008 I believe that we are focused on pursuing opportunities we believe can lead to generating near term revenues, diligently conserving our working capital and positioning the Company to be driven by our three business units into 2008. I am optimistic for the future of SWAT.”

About Security With Advanced Technology, Inc.

Security With Advanced Technology, Inc. is an emerging provider of critical, high-tech security products and services, which include non-lethal protection devices, tactical training services, surveillance and intrusion detection systems and mobile digital video surveillance solutions. SWAT's products and services are designed for government agencies, military and law enforcement, in addition to transportation, commercial facilities and non-lethal personal protection segments. For additional information visit www.swat-systems.com or call the corporate headquarters at (800) 498-7965.

Forward-Looking Statement

This press release includes "forward-looking statements" as defined by the Securities and Exchange Commission (the "SEC"). All statements, other than statements of historical fact, included in the press release that address activities, events or developments that the company believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions made based on experience, expected future developments and other factors the company believes are appropriate under the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the company and may not materialize, including, without limitation, the efficacy of the company's products and services, the company's ability to secure its ownership of, right to use and protect its intellectual property and proprietary technology and the company's ability to complete development of and launch its products and services. Investors are cautioned that any such statements are not guarantees of future performance. Actual results or developments may differ materially from those projected in the forward-looking statements as a result of many factors. Furthermore, the company does not intend (and is not obligated) to update publicly any forward-looking statements, except as required by law. The contents of this release should be considered in conjunction with the warnings and cautionary statements contained in the company's recent filings with the SEC.

Contact Information

  • Contacts:
    Jeff McGonegal
    CEO
    303/ 475-3786

    Greg Pusey
    Chairman
    303/ 722-4008