SYS Technologies Creates New Walk-Up Systems' Division and Signs Agreement With Ticketmaster Canada

Business Wire, Feb 13, 2003

Business Editors & High-Tech Writers

SAN DIEGO--(BUSINESS WIRE)--Feb. 13, 2003

SYS Technologies' (OTCBB:SYYS) today announced a new division, the SYS Walk-Up Systems' Division, to provide the consumer show industry's first automated kiosk ticketing systems across North America.

The SYS Walk-Up Systems' Division already signed a Letter Agreement with Ticketmaster Canada LTD's IATS division, which enables both companies to aggressively market a turn-key consumer show electronic ticketing and marketing system to the North American consumer show industry. The agreement is the first step in promoting the system to a broader base of consumer shows in Canada and the U.S.

Under the terms of the agreement, SYS Technologies will market IATS's Consumer Show Ticketing System (CSTS) and Ticketmaster's related Internet services, which include advanced e-ticketing & advanced e-mail notification, with SYS Technologies' automated ticketing kiosk and on-site digital advertising systems. The SYS Technologies and IATS systems have been used successfully in recent trials held in Toronto. Both companies expect to provide ticketing support at over six locations between now and June 30, 2003, including but not limited to Toronto, Orlando, Boston and Los Angeles.

Clifton Cooke, president and COO of SYS Technologies, stated, "The new ticketing kiosk capability is SYS Technologies' initial step in providing computer-processing systems for specific embedded applications. Its real-time embedded devices are one of the key thrusts upon which SYS Technologies' is basing future growth. Our agreement with Ticketmaster provides the opportunity to provide an integrated solution to SYS Technologies' North American customers. The total system provides shorter lines for consumers, enhanced fee accountability for show management and more effective traffic flow for the venue management."

Tom Epplett, vice president Corporate Development of Ticketmaster Canada Ltd., stated, "We are very pleased to be working with SYS in this project and feel that their new ticketing kiosk, when networked together with our Consumer Show Ticketing System called Expo Admission, will add considerable benefits to the Consumer Show Industry."

Ticketmaster Canada is the nation's leading computerized ticketing service and has served Canada's entertainment industry for over 30 years. Consumers receive convenient access to tickets for more than 10,000 events per year.

SYS Technologies has provided engineering, technical, financial and management services to a myriad of commercial and U.S. government customers since 1966. It currently has several multiple-year management and engineering service contracts with the U.S. Navy and General Services Administration at various locations across the country. The Company, which has seen steady growth in recent years, is publicly traded (OTCBB:SYYS). SYS Technologies has headquarters in San Diego at 9620 Chesapeake Drive, San Diego, California, 92123, and has offices in Carlsbad and Oxnard, Calif., and Arlington and Chesapeake, Va. For additional information, visit the SYS Technologies Web site at http://www.systechnologies.com.

This press release includes "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. All statements other than statements of historical fact included in this press release regarding the company's strategies, plans, objectives, expectations, and future operating results are forward-looking statements. Although SYS believes that the expectations reflected in such forward-looking statements are reasonable at this time, it can give no assurance that such expectations will prove to have been correct. Actual results could differ materially based upon a number of factors including, but not limited to, the state of economy, competition, unanticipated business opportunities, availability of financing, market acceptance, government regulation, dependence on key personnel, limited public market and liquidity, shares eligible for future sale, continuation and renewal of contracts and other risks that may apply to the company including risks that are disclosed in the company's Securities and Exchange Commission filings.