SOURCE: Security With Advanced Technology

April 18, 2008 14:30 ET

Security With Advanced Technology Reports Independent Auditors' Going Concern Qualification

LOUISVILLE, CO--(Marketwire - April 18, 2008) - Security With Advanced Technology, Inc. (NASDAQ: SWAT), a provider of security products and services, today announced that its financial statements for the year ended December 31, 2007, which were included in its Annual Report on Form 10-KSB filed with the Securities and Exchange Commission on April 16, 2008, contained a going concern qualification from its independent auditors, GHP Horwath, P.C. This announcement is being made to comply with Nasdaq Marketplace Rule 4350(b)(1)(B), which requires separate disclosure of receipt of an audit opinion that contains a going concern qualification. This announcement does not represent any change or amendment to SWAT's financial statements or to its Annual Report of Form 10-KSB. Further information regarding the going concern qualification is contained in SWAT's Annual Report on Form 10-KSB for the year ended December 31, 2007.

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. Information on SWAT's website does not comprise a part of this press release.

Contact Information

  • Company Contacts:
    Jeff McGonegal
    CEO
    303/ 475-3786
    Greg Pusey
    Chairman
    303/ 722-4008