VANCOUVER, British Columbia, Nov. 15, 2004 (PRIMEZONE) -- Snocone Systems Inc. (OTCBB:SCOS) ("Snocone" or the "Company"), an innovator of wireless solutions, reports that the Company has signed a Letter of Intent (LOI) with SMART-TEK COMMUNICATIONS INC. (Smart-Tek) for a licensing and revenue sharing agreement to provide existing and potential customers of Smart-Tek with Snocone's 'RISKeye' mobile surveillance viewing technology.
Smart-Tek is a market leader in integrated security and communication systems, specializing in the design, sales, installation and service of CCTV, access control, intercom and communications systems, security surveillance and monitoring systems. Smart-Tek has positioned itself as one of the outstanding integrated security and surveillance system providers in British Columbia, Canada.
A partial list of Smart-Tek's clients include but are not limited to: The Vancouver Police Department, The Vancouver Port Authority, BC Hydro, ECON 911 Center for BC, The City of Vancouver, Concord Pacific Developments, Ledcor Industries and The Vancouver International Airport (YVR).
Perry Law, Smart-Tek's President states, "In this day and age security is foremost on everyone's mind. Snocone's 'RISKeye' mobile surveillance technology is remarkable. The benefits of this technology are enormous and we look forward to introducing this technology to both our new and existing customer base. We are excited about the opportunity to offer our clients mobile security surveillance applications to deploy for a wide variety of uses. These applications will fit each client's particular portable and mobile security and surveillance viewing requirements."
Snocone Systems is executing diligently on its business plans and objectives and is very pleased with the response it has received for its mobile security applications to date. The company anticipates closing on this latest licensing and revenue sharing agreement imminently.
About Snocone Systems Inc.
The wireless market was pioneered in Europe and Japan, and has come to North America in the past year with the availability of more advanced cellular phones and wireless carriers eager to develop new revenue streams. Recognizing this market opportunity, Snocone began exploring innovative wireless solutions two years ago with the aim of creating a portfolio of innovative revenue generating wireless technologies and applications. Snocone has developed or acquired wireless mobile applications that can be used in many areas such as Homeland Defense, mobile security, online entertainment, web monitoring, wireless mobile surveillance and professional sports to name a few. The Company looks forward to continually strengthening its base and bottom line through applications that it deems suitable to fit its strict criteria for extensive growth in major market sectors. Snocone's web site is located at www.snoconesystems.com.
Snocone Systems Inc. is a featured Company on www.HomelandDefenseStocks.com
Snocone Systems Inc. http://www.snoconesystems.com
For further information on Smart-Tek please visit their website at: http://www.smart-tek.com
Safe Harbor Act Disclaimer: This press release contains 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 (the "Exchange Act"), and as such, may involve risks and uncertainties. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations, are generally identifiable by the use of words such as "believe," "expect," "intend," "anticipate," "estimate," "project," or similar expressions. These forward- looking statements relate to, among other things, expectations of the business environment in which the Company operates, projections of future performance, potential future performance, perceived opportunities in the market, and statements regarding the Company's mission and vision. The Company's actual results, performance, and achievements may differ materially from the results, performance, and achievements expressed or implied in such forward-looking statements. The material should be read in conjunction with the Company's current annual and quarterly reports filed with the SEC, which contain discussions of currently known factors that could significantly impact the Company's future expectations.
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