Business Services Industry

Satellite Security Corporation Completes Acquisition of AIMMS, Inc. and Changes Name to MOBICOM; Appoints Michael Levinsohn as CEO

Business Wire, Jan 15, 2008

Advanced Interactive Mobile Marketing System (AIMMS), www.aimms.co.kr, is a global leader in the provision of mobile marketing solutions for both mobile phone networks and brand owners who wish to target customers in a meaningful and measurable way. The acquisition of AIMM enables MOBICOM to acquire a strategic foothold in the rapidly growing and highly lucrative Asian mobile phone market. MOBICOM intends cross selling the services of AIMMS to other customers both in the United States and other mobile phone markets where early adoption is prevalent. MOBICOM plans to establish an office in the United Sates to develop the market for AIMMS products as well as to identify other growth opportunities.

FORWARD LOOKING STATEMENT: This press release contains forward-looking statements, including expected industry patterns and other financial and business results that involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from results expressed or implied by this press release. Such risk factors include, among others: whether MOBICOM (formerly Satellite Security Corporation) can successfully execute its operating plan; the sustainability of recent growth rates in the cell phone market; the positioning of AIMMS' products in the market; ability to integrate acquired companies and technology; ability to retain key employees; ability to successfully combine product offerings and customer acceptance of combined products; general market conditions, fluctuations in currency exchange rates, changes to operating systems and product strategy by vendors of operating systems; and whether AIMMS can successfully develop new products and the degree to which these gain market acceptance. Actual results may differ materially from those contained in the forward-looking statements in this press release. MOBICOM and AIMMS do not undertake any obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

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COPYRIGHT 2008 Gale, Cengage Learning
 

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