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CruiseCam International Issues Shareholder Update for February 2008
Feb 12, 2008 10:44:50 (ET)
WEST PALM BEACH, FL, Feb 12, 2008 (MARKET WIRE via COMTEX) -- CruiseCam International (PINKSHEETS: CCMJ), developer and marketer of a line of "in-car" camera mount and recording systems with a wide range of applications, is pleased to offer the following update to shareholders for February 12, 2008.
CruiseCam has made progress in many areas during 2007; since it signed an exclusive distribution agreement with Drivers Alert for USA and Canada at the end of 2007 the company has introduced its new product line, opened new International distribution markets in Israel and the Middle East, opened offices in China to increase turnaround time for product and cost reduction, increased sales, it is pursuing distribution channels in South America, aggressively looking at expanding its distribution channels here in the US, and has sold Drivers Alert a warrant to purchase 10% of the company based on increasing demand for the product.
CEO Scott Watkins stated: "We have had a lot of success in the last quarter and we are looking forward to continued momentum for the balance of the year."
As mentioned in our last update, CruiseCam's final goal for 2008 is to turn to profitability for the first time in its corporate history.
About CruiseCam International
CruiseCam International (PINKSHEETS: CCMJ), through its two operating subsidiaries, develops and markets integrated, "in-car" camera mount and recording systems for law enforcement, consumer, commercial and transportation applications, as well as for competition racing cars. The Company's patented technology and industry-first "CruiseCam" offering have been developed since 1999, and are distributed nationwide. For more information, visit: http://www.cruisecam.com/ .
SAFE HARBOR: Statements in this press release other than statements of historical fact, including statements regarding the company's plans, beliefs and estimates as to projections are "forward-looking statements." Such statements are subject to certain risks and uncertainties, including factors listed from time to time in the company's SEC filings, and actual results could differ materially from expected results. These forward-looking statements represent the Company's judgment as of the date of this release. The Company does not undertake to update, revise or correct any forward-looking statements.
Contact: D.P. Martin & Associates Investor Relations for CruiseCam International Ph: 561-514-0194 Email Contact