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WEST CHESTER, Pa., Nov. 3 /PRNewswire-FirstCall/ -- ComCam International, Inc. (Pink Sheets: CMCJ) announced today that it has entered into a letter of intent to acquire all of the issued and outstanding shares of Pinnacle Integrated Systems, Inc.
Mr. Ianace will discuss his views on two panels focused on leveraging mobile video applications. He stated, "While there will be plenty of discussion on traditional video streaming solutions focused on the consumer, my message will be about leveraging the growth in mobile networks.
http://news.prnewswire.com/ViewContent.aspx?ACCT=109&STORY=/www/story/09-18-2009/0005096503&EDATE=
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WEST CHESTER, Pa., Nov 03, 2009 /PRNewswire-FirstCall via COMTEX/ --
ComCam International, Inc. (Pink Sheets: CMCJ) announced today that it has entered into a letter of intent to acquire all of the issued and outstanding shares of Pinnacle Integrated Systems, Inc. ("P2"), a leading security systems integrator focused on correctional facilities.
P2 has integrated security systems across the United States, providing a complete range of services up to turnkey system design and installation, maintenance contracts including "24/7" help desk, and field support technicians. P2 maintains a website at http://p2abc.com.
ComCam Chairman Don Gilbreath stated that "we are enthusiastic about the market opportunity that exists for the combination of talents and resources offered by both firms. I have known Bob Betty over ten years as a friend, a vendor, a supplier, a ComCam board member and one of the best operators in the system integration business. The timing is right for us to maximize current opportunities. P2 is cash flow positive on revenues of over $5m this year alone. Together we see growth in 2010 and beyond."
The letter of intent provides that ComCam will pay $1,000,000 in cash over six months, with a promissory note secured by P2's business, and 300,000 shares of ComCam common stock with performance options available for P2's management. Further, the letter of intent anticipates that ComCam will use its best efforts to complete an equity financing and secure letters of credit for system-level surety bonding which is required by state and federal agencies. The transaction is expected to close before the end of this year with P2 becoming a wholly owned subsidiary of ComCam.
ComCam is actively working on returning to full compliance with all SEC reporting requirements and will make application to move quotation of its common stock to the Over the Counter Bulletin Board as soon as is practicable.
ComCam develops and distributes computing remote network video devices, location aware analytics and services that are used, shared, managed and re-deployed throughout numerous divergent industries. More can be learned about our business by visiting our website at http://www.comcam.net - http://twitter.com/ComCam_CMCJ
Forward Looking Statements
A number of statements contained in this press release are forward-looking statements. A safe-harbor provision may not be applicable to the forward-looking statements made in this press release. These forward-looking statements involve a number of risks and uncertainties, including timely development, market acceptance of products and technologies, competitive market conditions, successful integration of acquisitions and the ability to secure additional sources of financing. The actual results that ComCam may achieve could differ materially from any forward-looking statements due to such risks and uncertainties. ComCam encourages the public to read the information provided here in conjunction with its most recent filings on Form 10-K and Form 10-Q. ComCam's public filings may be viewed at http://www.sec.gov.
Contact
Pete Ianace
President
ComCam International, Inc.
Telephone: (972) 365.4848
Email: pete@comcam.net
Robert Betty
President
Pinnacle Integrated Systems, Inc.
Telephone: (610) 524-7810
Email: bbetty@p2inc.net
SOURCE ComCam International, Inc.
http://www.comcam.net
Tags: acquisition business email equity federal market note president products security technology video
Companies: ComCam International Inc (CMCJ), ComCam International Inc (CMCJE)
WEST CHESTER, Pa., Sept 18, 2009 /PRNewswire-FirstCall via COMTEX/ --
ComCam International, Inc. (Pink Sheets: CMCJ), a leader in IP video analytics and control products, and services, today announced that its President, Pete Ianace, will be a speaker on two panels at next week's 2009 VON Conference & Expo being held at the Miami Beach Convention Center from September 21 - 23. Mr. Ianace was chosen as a well-known expert in video over the Internet, with numerous published articles.
The conference showcases the best of the global IP communications world for service providers and large enterprises. Keynote addresses covering industry trends will be delivered by: Fred Briggs, Executive Vice President for Customer Service & Program Management, Verizon Business; Joe Burton, CTO, Cisco's Unified Communications Division; and Christopher Dean, Chief Strategy Officer, Skype. For more information on the VON Conference, visit http://www.von.com/expo/2009/
Mr. Ianace will discuss his views on two panels focused on leveraging mobile video applications. He stated, "While there will be plenty of discussion on traditional video streaming solutions focused on the consumer, my message will be about leveraging the growth in mobile networks. Newer, more powerful mobile devices enable applications that allow users in the field to visually bring an expert to the scene when needed, or to bring live video feeds from the field to multiple federal or state agencies during an emergency or crisis. Applications that save time, money and lives can be monetized based on the value they bring."
Mr. Ianace will appear on the following panels:
Coming Soon to a SIP Phone Near You: The Dawn of the Ubiquitous Video Era - Tuesday 8 - 8:50 a.m.
Can You See Me Now? Quantifying the Business Value of Video - Wednesday 12 - 12:50 p.m.
ComCam International, Inc. (http://www.comcam.net) develops network video command-and-control products, and provides solutions and technical services to U.S. government agencies, Fortune 500 companies, research facilities, OEM, systems integrators and dealers worldwide. The Company specializes in wireless IP, mobile, and wearable devices that are ideal for remote use in inhospitable environments. Its products are deployed in situations ranging from simple access control with video applications to advanced measurement solutions for weather stations, robotic equipment, and homeland security applications.
A number of statements contained in this press release are forward-looking statements. A safe-harbor provision may not be applicable to the forward-looking statements made in this press release. These forward-looking statements involve a number of risks and uncertainties, including timely development, market acceptance of products and technologies, competitive market conditions, successful integration of acquisitions and the ability to secure additional sources of financing. The actual results that ComCam may achieve could differ materially from any forward-looking statements due to such risks and uncertainties. ComCam encourages the public to read the information provided here in conjunction with its most recent filings on Form 10-K and Form 10-Q. ComCam's public filings may be viewed at http://www.sec.gov.
Contact:
Susan Schoch
Small Cap Network - New York, NY
susan@smallcapnetwork.us
(212) 717-8720
SOURCE ComCam International, Inc.
http://www.comcam.net
Tags: acquisition business communications conference emergency executive federal homeland security market money new_york president products research small cap technology video weather wireless
Companies: ComCam International Inc (CMCJ), ComCam International Inc (CMCJE)
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WEST CHESTER, Pa., March 6, 2006 -- ComCam International, a subsidiary of ComCam, Inc. (OTC Bulletin Board: CMCA) ("Company"), a pioneering developer of Internet Protocol video-networking solutions, announced today that it has been accepted into Symbol Technologies, Inc.
ComCam technology will be part of the University of South Floridas Center for Ocean Technology (COT) display at UI-2006. It will operate from the US Geological Survey (USGS) research vessel G.K. Gilbert in the Port of St. Petersburg and in Tampa Bay.
WEST CHESTER, Pa., - ComCam International, a developer of Internet Protocol (IP) video-networking telepresence solutions, and a subsidiary of ComCam, Inc.
WEST CHESTER, Pa.--ComCam captured $1.1 million in new financing for its wholly owned subsidiary, which operates under the same name, and announced plans to spin off the division into a separate business. Andersen & Company, a New York-based private merchant bank, invested in the company.
http://www.securitysystemsnews.com/index.php?p=article&id=ss2005067HFCgM
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Comcam Inc (OTC: CMCA) Contact Information Comcam Inc 1140 McDermott Drive n/a West Chester, PA 19380 UNITED STATES Tel
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Dec 2008: Dec 2007: Dec 2006: Dec 2005: Assets; Cash and Equivalents: 2.00K: 9.50K: 15.21K: 255.94K: Receivables: 2.00K: 0.00: 6.86K: 34.15K: Inventories: 0.00: 0.00: 78.05K: 55 ...
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