
ComCam Integrates Acquisition of P2
WEST CHESTER, Pa., March 3 /PRNewswire-FirstCall/ -- ComCam International, Inc. (Pink Sheets: CMCJ) announced today that the audited financial statements of its wholly owned subsidiary, Pinnacle Integrated Systems, Inc. (P2), have been posted on the Securities and Exchange Commission's website on Form 8-K/A in connection with its acquisition of P2.
http://www.sec.gov/Archives/edgar/data/1118761/000121152410000024/comcam8k.htm
Since the acquisition, the companies have combined administrative staff functions, pooled technical sales groups, and fielded a joint team for the installation of its Transportation Worker Identity Credential (TWIC) pilot system at the Port of Philadelphia. ComCam is leveraging each company's skill sets to provide turn-key solutions to the spectrum of applications sought after within the security industry.
Don Gilbreath, ComCam's chief executive officer, stated that, "Over the past 3 years P2 has completed more than 15 projects with the largest single project topping $4.2M. Over the last 90 days P2 has added multiple three-year maintenance contracts and was recently awarded a new security integration contract valued at $700,000. The combined company now serves both the traditional security dealer base with specialty video and sensor fusion products as well as servicing government channels which look for a single source of design and build capability."
P2 is a security systems integrator focused on correctional facilities across the United States. The company provides services which include turn-key security system design and installation, maintenance contracts, and field support technicians.
ComCam is a developer of network video command-and-control products, and provides solutions and technical services to U.S. government agencies, Fortune 500 companies, research facilities, original equipment manufacturers, systems integrators and dealers worldwide.
http://www.comcam.net - http://twitter.com/ComCam_CMCJ
Forward Looking Statements
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.sec.gov.
Contact: |
|
Pete Ianace - ComCam President |
|
1+972.365.4848 |
|
SOURCE ComCam International, Inc.
Share this article