Snocone Systems Inc. completes the acquisition of 'RISKeye' Mobile Surveillance Viewing Technology via cellphones

Mobile Internet, The, Nov, 2004

Snocone Systems Inc., an innovator of wireless solutions, announced the purchase of all rights to RISKebiz Internet Services Inc.'s ("Riskebiz") RISKeye Mobile Viewing and Surveillance Technology ("RISKeye").

RISKeye mobile technology allows users to monitor closed-circuit television (CCTV), webcams, and remote surveillance cameras from their cellphone through Openwave's widely-used WAP 2.0 browser, enabling the application to function on a broad number of handsets worldwide without the need for client-side software downloads. One of the largest advantages of this technology is the ability to zoom in on specific images or objects without losing detail in picture quality, thus enabling the user to pinpoint an object or person in the image frame using a numbered grid pattern for precision zooming. Once the object or person is selected on the grid, the image can then be zoomed in several times for complete detail without sacrificing resolution or picture quality. This can all be done without any additional software using virtually any cellphone available on the market today. For an example of this, please refer to the PowerPoint presentation on Snocone's corporate Web site.

This agreement gives Snocone exclusive, perpetual, worldwide rights to publish, market, advertise and promote the RISKeye Mobile Applications. RISKebiz will be contracted by Snocone Systems to perform system adjustments, upgrades, and installations for the service.

Potential uses of the technology would be for home-based webcams or security camera monitoring, Web sites that offer streaming videos to their customers, and security and police organizations that could use the applications in the field by applying CCTV shots or video feed captures to their cellphones. This would enable officers to patrol and view different live camera images sent straight to their cellphones while doing patrols. Furthermore, officers could be sent images of suspects, stolen cars, or kidnapping victims in real-time straight to their mobile device, helping to improve response time, information dissemination, and positive IDs when tracking victims or suspects. Other uses of the technology could apply to the entertainment industry where customers currently view streaming video to their computer. The technology takes this a step further, enabling customers to view images captured from cameras in real-time, on their cellphones, whenever and wherever they want.

In exchange for this exclusive technology, RISKebiz will receive one million restricted shares of Snocone's common stock to be held in escrow for a period of up to two years commencing on the date of this agreement.

Snocone's Web site is located at www.snoconesystems.com