|
PRESS RELEASES
SALT LAKE CITY, April 29 /PRNewswire-FirstCall/ -- Sector 10, Inc.
(OTC Bulletin Board: SECT; Frankfurt: '4SR') announced today it has reached
agreement with its largest shareholder, Sector 10 Holdings, Inc., to take
possession of a $20 million spec-built communications network to support its
mission of pre-deploying emergency response systems nationwide.
"This is a leap forward in response systems integration." CEO Pericles
DeAvila said. "The S-10 network is a global communications network that will
manage SRU's and MRU's in the event of disasters or incidents across the
nation and internationally. This network will also be used for media/broadcast
content distribution, secure remote data storage (to facilitate Sarbanes-Oxley
compliance), voice communications, and site monitoring with video
surveillance."
The network will be fully integrated with the Emergency Alert System (EAS)
including emergency alerts issued by the Department of Homeland Security and
Amber Alerts.
The network includes satellite, third-generation cellular data networks
(3G), fiber optic transmission, and public internet capabilities, DeAvila
said. "It will be great to have a operational system in place that will
manage our products in all cities across the United States and that the system
was built to specifically empower Sector 10's intellectual property," he said.
The network distribution services include the worldwide transmission of
video and audio broadcasts, with content management services that archive data
under a redundant system with various server clusters across the nation, and
ultimately world-wide.
DeAvila said the agreement was reached after Sector 10, Inc. received a
detailed appraisal and review from an independent third party. Sector 10
Holdings, Inc. also has agreed to turn over customers to the network providing
additional income to Sector 10. Inc.
In an additional action, the board of Sector 10 Holdings, Inc agreed to
discount the asset to Sector 10, Inc. "We are here to support Sector 10, Inc.
in any way we can, to encourage growth and its mission of pre-deployment as
the way to save lives," the Board said in a written statement.
The agreement and the transfer will be finalized in the coming weeks. For
more information please see http://www.sector10.com.
Capital Group Communications, Inc.
Mark Bernhard or George Carpenter, 415-332-7200
http://www.capitalgc.com
http://www.sector10.com
FORWARD-LOOKING STATEMENTS
This press release may include "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. All statements, other
than statements of historical facts, included in this press release that
address activities, events or development that the company expects, believes
or anticipates will or may occur in the future are forward-looking statements.
These statements are subject to a number of assumptions, risks and
uncertainties, many of which are beyond the control of the Company, which may
cause the Company's actual results to differ materially from those implied or
expressed by the forward-looking statements. The Company assumes no duty
whatsoever to update these forward-looking statements or to conform them to
future events or developments.
SOURCE Sector 10, Inc.
|
