NEW YORK, April 12, 2005 (PRIMEZONE) -- Security Intelligence Technologies, Inc. (OTCBB:SITG) today announced it has signed a two-year distribution agreement with a prominent Jordanian marketing company, granting the distributor exclusive distribution rights in Jordan and non-exclusive distribution rights in other Middle Eastern countries for the Company's bomb jamming equipment. In order to maintain the exclusive rights in Jordan the distributor must purchase a total of five bomb jamming systems during each six month period of the two year term.
Pursuant to the agreement the distributor purchased a bomb jamming system for vehicle use at a cost of approximately $140,000.
The Bombjammer product line provides protection against the use of remote controlled improvised explosive devices, commonly used in terrorist attacks, and also obstructs enemy and terrorist methods of communication.
"We believe this system far surpasses any vehicle jamming system currently in use on and off the road," Jared Ring, the Company's Director of the Electronic Warfare Division said. "It comes with the most advanced and creative electronic countermeasure technology our research and design team has developed in many years."
Ben Jamil, the Company's Chief Executive Officer stated, "The security needs in the Middle East are well known to the security community. This agreement provides us with a great opportunity to further penetrate the Middle East security market and to promote our products through a highly respected Jordanian marketing firm. Our new distributor is well established in the security industry and its clients include Middle Eastern governments, high profile businesses and high risk individuals.
About Security Intelligence Technologies, Inc.
Security Intelligence Technologies, Inc. and its subsidiaries, design, develop, manufacture and market leading edge solutions and advanced proprietary systems for counterterrorism, surveillance, counter-surveillance, countermeasure, and the personal and home security markets worldwide through its corporate website, international seminar program and through its offices located in New York, Miami, Washington D.C., Hong Kong, London and Riyadh, Saudi Arabia. The Company's product line and security technologies are currently distributed throughout the U.S., Europe, Asia, the Middle East and Latin America and are marketed under the names Security Intelligence Technologies, Inc. and its subsidiary, Homeland Security Strategies, Inc.
Safe Harbor Statement
Statements in this press release and oral statements that may be made by the Company or by officers, directors or employees of the Company acting on the Company's behalf may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes," "expects," "intends," "may," "should," or "anticipates" to be uncertain forward-looking statements. The forward looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's reports and registration statements filed with the Securities and Exchange Commission, including the material under "Risk Factors" in the Company's Form 10-KSB for the year ended June 30, 2004 and the material under Management's Discussion and Analysis of Financial Condition and Results of Operations in the Company's Form 10-K for the fiscal year ended June 30, 2004 and Form 10-QSB for the quarter ended December 31, 2004. Information on the Company's website is not a part of this press release.
Analyst/Investor kits and showroom tours available upon request. For more information see the Company's websites at: www.spyzone.com, www.gcomtech.com and www.bombjammer.com