VANCOUVER, British Columbia, Nov. 29, 2004 (PRIMEZONE) -- Snocone Systems Inc. (OTCBB:SCOS) ("Snocone" or the "Company"), an innovator of wireless solutions, reports that the Company has finalized a license and revenue sharing agreement with SMART-TEK Communications Inc. (Smart-Tek) that provides existing and potential customers of Smart-Tek with Snocone's 'RISKeye' mobile surveillance viewing technology.
Under the terms of the deal, effective immediately, Smart-Tek will market and sell Snocone's 'RISKeye' mobile surveillance viewing technology to its existing and potential client base in exchange for a percentage of the revenues derived from the implementation and usage of Snocone's technology.
Smart-Tek specializes in integrated security and communication systems, including the design, sales, installation and service of CCTV, access control, intercom and communications systems, security surveillance and monitoring systems. Smart-Tek has positioned itself as one of the outstanding integrated security and surveillance system providers in British Columbia, Canada.
Perry Law, Smart-Tek's President, states, "We are pleased with the opportunity to open up new revenue streams by offering our existing and potential customers with Snocone's mobile security solutions for various monitoring applications. This will allow both companies to aggressively ramp up sales and revenues in the near term amidst the fast growing mobile monitoring sector. With Snocone's technology, our clients will have the peace of mind knowing they can monitor potential security risks and threats using their cell phones as monitors for a broad range of each particular customer's requirements."
A partial list of Smart-Tek's clients include but are not limited to: Econ 911 Center for BC, The Vancouver Police Department, The City of Vancouver, The Vancouver Port Authority, BC Hydro, Concord Pacific Developments, Ledcor Industries and the Vancouver International Airport (YVR).
Together, Snocone and Smart-Tek have researched and evaluated key market segments to focus on, particularly in the protection services monitoring arena, the large scale business and residential high-rise market as well as certain transportation agencies.
Vivian Kane, Snocone's President, comments, "Smart-Tek is providing Snocone with the opportunity to market and sell our mobile surveillance applications to their substantial customer base. We are fortunate to be working with a company that is well respected in the security business in British Columbia."
About Snocone Systems Inc.
The wireless market was pioneered in Europe and Japan, and has come to North America in the past year with the availability of more advanced cellular phones and wireless carriers eager to develop new revenue streams. Recognizing this market opportunity, Snocone began exploring innovative wireless solutions two years ago with the aim of creating a portfolio of innovative revenue generating wireless technologies and applications. Snocone has developed or acquired wireless mobile applications that can be used in many areas such as Homeland Defense, mobile security, online entertainment, web monitoring, wireless mobile surveillance and professional sports to name a few. The Company looks forward to continually strengthening its base and bottom line through applications that it deems suitable to fit its strict criteria for extensive growth in major market sectors. Snocone's web site is located at www.snoconesystems.com.
For further information on Smart-Tek please visit their website at: http://www.smart-tek.com
Safe Harbor Act Disclaimer: This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and as such, may involve risks and uncertainties. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations, are generally identifiable by the use of words such as "believe," "expect," "intend," "anticipate," "estimate," "project," or similar expressions. These forward- looking statements relate to, among other things, expectations of the business environment in which the Company operates, projections of future performance, potential future performance, perceived opportunities in the market, and statements regarding the Company's mission and vision. The Company's actual results, performance, and achievements may differ materially from the results, performance, and achievements expressed or implied in such forward-looking statements. The material should be read in conjunction with the Company's current annual and quarterly reports filed with the SEC, which contain discussions of currently known factors that could significantly impact the Company's future expectations.
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