LAS VEGAS, NV--(Marketwire - September 29, 2010) - Alco Advanced Technologies, Inc. (PINKSHEETS: ALCD) announced today that it signed a one year contract with an automatic renewal for one year with the Port of Contecon. The port of Contecon is located in the city of Guayaquil and is the most important port in Ecuador with a volume of import and export containers of over 600,000 TEU per year. The contract is for the maintenance, service and upgrades of all the electronic security used by the port. The contract service includes access control, surveillances, alarms and other security systems. The initial contract is valued at approximately $100,000 and could reach over $400,000 in upgrades based on our recommendations and experience. Adrian Agazzi, Director of Technology of the port of Contecon publicly announced that, "Alco offers complete services that will allow us to keep up our security at the highest level and make sure that the components of our security systems are integrated and include new innovations in technology." The port authorities in many ports are changed frequently with new governing administrations and the new elements of security are not adequately integrated in existing systems. Alco is entering this new maintenance and service field in order to establish a presence in ports and to assure that clients are able to integrate new technologies and upgrades over long periods of time. Alco marketing development strategy includes electronic security system maintenance and upgrades which for Alco is a door opener for its core service of electronic inspection services of containers. Alberto Surijon, CEO of Alco said, "With these 2 core services we are also getting ready to start a new datacom service. That service will offer upgrades to our clients on all their cable infrastructures as new Information technologies (IT) become available in this dynamic and growing field of port security. Our clients are now using more IP phones, security IP cameras that facilitate increased networking, video conferencing, and day to day coordination with the various entities involved in port activities including immigration, contraband, customs, police monitoring and terrorist protection. This coordination increases the required bandwidth exponentially."
Safe Harbor Statement:
Except for historical information contained herein, the matters set forth above may be forward-looking statements that involve certain risks and uncertainties that could cause actual results to differ from those in the forward-looking statements. Words such as "anticipate," "believe," "estimate," "expect," "intend" and similar expressions, as they relate to the Company or its management, identify forward-looking statements. Such forward-looking statements are based on the current beliefs of management, as well as assumptions made by and information currently available to management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors such as the level of business and consumer spending, the amount of sales of the Company's products, the competitive environment within the industry, the ability of the Company to continue to expand its operations, the economic conditions in the industry and the financial strength of the Company's customers and suppliers. The Company does not undertake any obligation to update such forward-looking statements. Investors are also directed to consider all other risks and uncertainties.