SOURCE: USA Signal Technology

April 19, 2006 09:30 ET

USA Signal Technology Begins Trading on the OTC

LOS ANGELES, CA -- (MARKET WIRE) -- April 19, 2006 -- USA Signal Technology (OTC: USSG) announced today that it has begun trading on the Over the Counter Pink Sheet market as of April 17, 2006 under the symbol USSG. The new Cusip number is: 90342R108.

Bob C. Stevenson, President & CEO of USA Signal Technology, commented, "We are pleased to begin trading as a public company. Having access to the public capital markets will enable the company to reach its goals in a timely manner." He added, "The millions of dollars and years of research and development are now culminating in initial beta tests of our systems. More information will be forthcoming as we continue rolling out test sites and gathering data on the effectiveness of the installations."

About USA Signal Technology

Since its inception in early 2003, USA Signal Technology has developed 22 different products and two systems that can potentially impact the (a) traffic intersection market, and (b) commuter railroad safety markets. USA Signal Technology manufactures intelligent 2nd generation traffic signal products and systems, railroad surveillance and illegal trespass detection systems, and software coupled with the products that are designed to observe, track and disseminate live, real-time video data. The technology is designed to provide information to local municipalities, traffic management professionals and other officials in a manner facilitating real-time decision making.

The company's "Intelligent Traffic Intersection System, ITIS," utilizes a wireless Wi-Fi mesh network that in its complete deployment can continue to operate during a power "brown-out" and other catastrophic conditions when normal AC power is disrupted. The infrastructure generated when the USA Signal ITIS is deployed lets municipalities utilize an existing funded entity to create a state-of-the-art traffic control system. The system can use any of the new technologies, like RFID tags for asset tracking, sensors for monitoring pollution and bio-chemical agents that can be easily and cost-effectively deployed. The system also generates a Wi-Fi hot-spot that can be structured to generate a revenue stream for the municipality.

The USA Signal Railroad Crossing Surveillance and Illegal Trespass Detection System were designed to detect abnormal or illegal presence/trespass at rail crossings and in remote rail locations. The system also performs perimeter security checks, and can detect low-grade explosives at commuter rail terminals. Once the detection is verified an audio and video signal is sent to the approaching commuter train's engineering cabin so appropriate emergency action can be taken.

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"Safe-Harbor" Statement

This press release contains forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), including statements regarding potential sales, the success of the company's business, as well as statements that include the word "believe" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of USA Signal, Inc. to differ materially from those implied or expressed by such forward-looking statements. Such factors include, among others, the risk factors included in reports filed with the SEC under the Exchange Act. This press release speaks as of the date first set forth above and USA Signal, Inc. assumes no responsibility to update the information included herein for events occurring after the date hereof. Actual results could differ materially from those anticipated due to factors such as the lack of capital, timely development of products, inability to deliver products when promised, inability of potential customers to pay for ordered products, and political and economic risks inherent in international trade.

Contact Information

  • Contact:

    USA Signal Technology, Inc.
    Bob C. Stevenson
    President & CEO
    Email Contact

    Cinapsys, Inc.
    Mark Moline
    Email Contact