NEW YORK, Aug. 7, 2006 (PRIMEZONE) -- On August 2, 2006, Security Intelligence Technologies, Inc. (OTCBB:SITG) announced that its subsidiary, Homeland Security Strategies, Inc. (HSS), recently exhibited its latest counterterrorism equipment at the 2006 Beijing Police show. While in Beijing, HSS finalized an agreement with a prominent Beijing company to market its products and technology in China.
In that release SITG's CEO, Ben Jamil, was quoted saying, "It is estimated China's security budget will exceed the $1.3 million that Greece spent in providing security for the 2004 Athens Olympics. We believe there will be significant amounts spent on the types of products we design and manufacture and are excited about the opportunity we have with our new distributor to pursue this business."
The amount that Greece spent in providing security for the 2004 Athens Olympics was $1.3 billion instead of $1.3 million as stated in the August 2, 2006 release.
About Security Intelligence Technologies, Inc.
Security Intelligence Technologies, Inc., and its subsidiaries, design, develop, manufacture, market and distribute leading edge solutions and advanced proprietary systems for the counterterrorism, surveillance, counter-surveillance markets worldwide through its corporate website, international seminar program and through its offices located in New York, and its strategic alliances worldwide. SITG's product line and security technologies are currently distributed throughout the US, 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 March 31, 2006. Information on SITG's corporate website or any other 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.