this could play tommorrow watch in the AM
Inc., (OTC: "SYGG") is pleased to announce that the company has been awarded a
contract to install surveillance systems for a franchisee of the 4th largest
pizza chain in the US. The contract was signed and first installs completed
in November of 2004.
The owner of the stores was able, in the first 24 hours of use of the
system to record 2 cases of employee theft and 2 cases of employee misconduct.
Advent Technologies will continue with installation of additional units in
the month of December and is expected to install their equipment in as many as
90 stores in the Inter Mountain Area in early 2005. The goal of Advent
Technologies is to fulfill a nation wide contract for the parent company in
all 2800 locations, upon completion of the intermountain area contract.
Casey Hall, President and CEO of Synergetic Technologies Inc, is quoted as
saying, "The installations went well and the results have been very
encouraging on the first roll out stages of the contract."
ABOUT SYNERGETIC TECHNOLOGIES INC.
Synergetic Technologies Inc. owns 80% of Advent Technologies, the
developer and owner of proprietary technology used to compress and record
digital video at compression ratios higher than those normally available. The
company uses this technology in the installation of DVR equipment to it's own
enterprise accounts, and also OEMs it's products to other dealers and
installers.
Advent Technologies won an "Honorable Mention" and was awarded "The best
new product'" at the 2002 International Security Convention held in Orlando
Florida, for it's Wireless Digital Video Streaming product. This technology
is the basis for the companies new product "CABWATCH"
A prior version of this product was also used to provide video
surveillance of President George W. Bush and Vice President Dick Cheney at the
2002 Winter Olympics held in Salt Lake City, Utah.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act
of 1995 Statements in this press release relating to plans, strategies,
economic performance and trends, projections of results of specific activities
or investments, and other statements that are not descriptions of historical
facts may be forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of
1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking
information is inherently subject to risks and uncertainties, and actual
results could differ materially from those currently anticipated due to a
number of factors, which include, but are not limited to, risk factors
inherent in doing business. Forward-looking statements may be identified by
terms such as "may," "will," "should," "could," "expects," "plans," "intends,"
"anticipates," "believes," "estimates," "predicts," "forecasts," "potential,"
or "continue," or similar terms or the negative of these terms. Although we
believe that the expectations reflected in the forward-looking statements are
reasonable, we cannot guarantee future results, levels of activity,
performance or achievements. The company has no obligation to update these
forward-looking statements.
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
