NEW YORK , Aug. 25 /PRNewswire-FirstCall/ -- MSGI Security Solutions Inc. (OTC Bulletin Board: MSGI) "MSGI" today reported that it has entered into an agreement with an existing institutional investor, Enable Growth Partners LP, holder of all
Pursuant to the agreement with Enable Growth Partners, MSGI exchanged
As additional consideration for Enable Growth Partners agreement to effect the exchange transaction, the Company transferred its ownership of a common stock purchase warrant in Current Technology Corporation (OTC Bulletin Board: CRTCF) to purchase up to 20 million shares of common stock of Current Technology to Enable Growth Partners.
MSGI still owns 20 million common shares of Current Technology Corporation and has notified Current Technology executive management of its intention to increase that equity position in the future.
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.
SOURCE MSGI Security Solutions, Inc.