WEST CHESTER, Pa., April 13, 2011 /PRNewswire/ -- ComCam International, Inc. (OTC Bulletin Board: CMCJ) announced today that it has entered into a Letter of Intent to acquire all of the issued and outstanding shares of 1st Choice Security Solutions of Georgia (1st Choice), a leading OEM supplier of ultra-long range RFID technology in a stock and cash transaction expected to close June 2011. On completion of the transaction 1st Choice will become a wholly owned subsidiary of ComCam.
ComCam CEO Don Gilbreath remarked, "We have worked with Pete Martin of 1st Choice for many years on fusing video and RFID. 1st Choice expertise in RFID applications makes them a valuable addition to our business. The combination of our products and RFID technology make it cost effective to deploy a comprehensive remote operations management solution like our joint venture with the School of Franchise and Business Development launched by serial entrepreneur Joe Bisogno of Kansas City."
1st Choice President Pete Martin stated, "The ability to add the ComCam Micro-Server's Wireless video capabilities to our RFID products will provide our Security and Supply Chain Integrators the capability to supply solutions never available before and give them a substantial edge over their competitors. We plan to introduce these enhanced capabilities to our Supply Chain Partners at the RFID Journal Live Show in Orlando this week as we did to our Security Partners at the ISC West Show in Las Vegas last week."
About 1st Choice Security Solutions
1st Choice supplies and develops ultra-long range, hands-free RFID readers, tags, accessories and software for vehicle identification; asset loss prevention and real-time inventory management; visitor tracking; and emergency evacuation / muster accountability systems. 1st Choice is also the exclusive Master Distributor Partner for Australia-based Protrac iD for North and South America. http://www.1stchoicesecuritysolutions.com
About ComCam International
ComCam International (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. As a system integrator ComCam's specialty is in correctional facility design and installation.
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.comcam.net/SEC.
Pete Ianace - President - ComCam
Pete Martin - President - 1st Choice Security Solutions
SOURCE ComCam International, Inc.