NEW YORK, Nov. 21, 2005 (PRIMEZONE) -- Security Intelligence Technologies, Inc. (OTCBB:SITG) today announced its board of directors has authorized a three-for-one stock distribution pursuant to which the Company will issue two shares of common stock for each share outstanding on the record date, November 28, 2005. The shares will be distributed to stockholders on or about December 5, 2005. In connection therewith, the Company's board of directors authorized an amendment to its Articles of Incorporation increasing the authorized number of shares of common stock from 100,000,000 to 300,000,000 shares effective November 28, 2005.
About Security Intelligence Technologies, Inc.
Security Intelligence Technologies, Inc. and its subsidiaries, design, develop, manufacture and market leading edge solutions and advanced proprietary systems for counterterrorism, surveillance, counter-surveillance, countermeasure, and the personal and home security markets worldwide through its corporate website, international seminar program and through its offices located in New York, Miami, London and Riyadh, Saudi Arabia. SITG's product line and security technologies are currently distributed throughout the U.S., Europe, Asia, the Middle East and Latin America and are marketed under the names Security Intelligence Technologies, and Homeland Security Strategies.
Safe Harbor Statement
Statements in this press release and oral statements that may be made by the Company or by officers, directors or employees of the Company acting on the Company's behalf may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes," "expects," "intends," "may," "should," or "anticipates" to be uncertain forward-looking statements. The forward looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's reports and registration statements filed with the Securities and Exchange Commission, including the material under "Risk Factors" in the Company's Form 10-KSB for the year ended June 30, 2005 and the material under Management's Discussion and Analysis of Financial Condition and Results of Operations in the Company's Form 10-K for the fiscal year ended June 30, 2005 and Form 10-QSB for the quarter ended September 30, 2005. Information on SITG's corporate website is not a part of this press release.
Analyst/Investor kits and showroom tours available upon request. For more information see SITG's websites at: www.secintel.com and www.bombjammer.com.