WEST CHESTER, Pa., March 16, 2011 /PRNewswire/ -- ComCam International, Inc. (OTC Bulletin Board: CMCJ) announced today that it has allocated half of a recently established $2M umbrella surety bonding line placed through Ox Bonding of NY. This is the company's first bond with Ox and will be used to immediately kick off a county correctional facility project in Northern California.
ComCam CEO Don Gilbreath stated, "When we work on state and county correctional facilities surety bonds are part of what we need to do business. The more underwriting capability we have, the more business we can accept. We are very impressed with Ox for our surety needs. They are very thorough and are licensed in many of the 15 states we are licensed in so the choice made a lot of sense."
Ox Bonding (http://www.oxbonding.com/) is operated by Hudson Underwriter Services Group (in CA dba Hudson Surety Insurance Agency), a wholly owned subsidiary of Upper Hudson Holdings LLC. Upper Hudson Holdings LLC is a holding company that actively owns and manages several subsidiaries with the global focus of providing insurance and financial-related products and services to the middle market. Subsidiary companies engage in a number of business activities including property and casualty insurance, credit services, and construction funds administration. TV spot: http://www.oxbonding.com/about-us/ox-tv
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. The company specializes in fixed and mobile control room technologies, design and installation and produces wireless IP, mobile, and wearable devices with analytics that are ideal for remote use in inhospitable environments.
A number of statements contained in this press release are forward-looking statements. These forward-looking statements involve a number of risks and uncertainties including technological obsolescence, market acceptance of future products, competitive market conditions, and the sufficiency of capital resources. The actual results ComCam International may achieve could differ materially from any forward-looking statements due to such risks and uncertainties. ComCam International encourages the public to read the information provided here in conjunction with its most recent filings on Form 10-K, Form 10-Q and Form 8-K. ComCam International's public filings may be viewed at http://www.comcam.net/SEC
SOURCE ComCam International, Inc.