NEW YORK , Oct. 9 /PRNewswire-FirstCall/ -- MSGI Security Solutions, Inc. (OTC Bulletin Board: MSGI) and Current Technology Corporation today announced that StarOne Telematica SA (StarOne), the 51% controlled Brazilian subsidiary of Celevoke, Inc. and the most recent entry into the fast growing Brazilian market for Telematics Solutions and Tracking Systems, within the first three months of effective operations to September 30, 2008 , has closed contracts for the provision of tracking services with a contract value of over
StarOne has already reached agreements with additional customers for a further
StarOne's program 24 Horas(TM) (24 hours) ensures round-the-clock service and support for its Brazilian clients requiring active, real-time information about the location and status of their mobile assets. Principal customers include local bus operators, regional trucking companies and tertiary service providers.
As part of Celevoke's international expansion strategy, effective October 1st, 2008 Carl Ottersen, Current Technology's Director of Business Development, has also been appointed President of StarOne. Carl obtained his official residency status in Brazil this week. This ensures seamless coordination between StarOne and Celevoke and their recently expanded management and sales operations.
Carl Ottersen has almost twenty years of broad international management experience focused on new businesses and new markets, creating and leading teams in the field to deliver consistent, profitable revenue growth for premium products and solutions. During fifteen years in the management information software industry and three years in property development, Carl developed and executed several regional multi-million dollar business acquisition, development and expansion programs; he was three times involved at a senior management level in successful IPOs. In 2000 he co-founded and managed a business accelerator focused on Southern Europe ; clients included AltaVista and Engage (CMGI companies) and iBazar (bought by eBay). The company also co-launched two Internet based services, the first for publishing authors digitally and the second for real estate agents.
More recently Carl has been engaged as a senior director for companies in the defence and security technology sectors, providing security and services to government and state organizations. During this time he has been stationed in Afghanistan and Iraq , from whence he joined Current Technology. Fluent in numerous languages, including Portuguese, Carl received his post graduate training in the United Kingdom .
"To be able to close over
"We are all aware of the challenges fast growth brings to any operation, and StarOne has our full commitment to ensure that this fast growth is matched by our ability to supply and deliver the service our Brazilian clients expect from us," said Current Technology CEO Robert Kramer .
"Tracking systems have been present in Brazil for some time, so Brazilian customers know what they want from a service provider. We at StarOne have a simple goal: ensure our customers are satisfied at every point in our relationship with them. They need us to be present locally, they need us to deliver according to their demand, they need the service to be activated and operational immediately, they want information that is more than just a dot on a map and they want proactive 24/7 support. All of this StarOne can deliver -- now," said StarOne's Carl Ottersen .
"As a fast growing emerging market, Brazil is a template for us in Celevoke to develop and use when entering other international markets. We fully expect the evident success of Brazil to be replicated in other countries during 2009," concluded Celevoke Vice-President of Business Development Brian Allen .
About Celevoke
Celevoke is poised to become a market leader in the projected
About MSGI Security Solutions, Inc.
MSGI Security Solutions, Inc. is a leading international provider of proprietary security solutions to commercial and government organizations. MSGI is developing a combination of innovative emerging businesses that leverage information and technology with a focus on encryption technologies for actionable surveillance and intelligence monitoring. The Company is headquartered in New York City where it serves the needs of counter-terrorism, public safety, and law enforcement in the United States , Europe , the Middle East and Asia . More information on MSGI is available on the company's website at www.msgisecurity.com
The information contained in this news release, other than historical information, consists of forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. These statements may involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors, including general economic conditions, spending levels and other factors could cause actual results to differ materially from the Company's expectations.
Linda Decker, VP - Investor Relations Jeffrey Myhre, VP - Editorial MSGI Corporate Finance 917-339-7134SOURCE MSGI Security Solutions, Inc.
