Security With Advanced Technology and PepperBall Technologies Advance Toward Merger

Market Wire, August, 2008

Security With Advanced Technology, Inc. (NASDAQ: SWAT) announced today that the Form S-4 registration statement relating to the offer and sale of SWAT common stock in connection with the proposed merger with PepperBall Technologies, Inc. ("PTI" or "PepperBall") has been declared effective by the Securities and Exchange Commission ("SEC"). Both companies have set their shareholder meeting dates for September 17, 2008, to vote on the proposals that need to be approved to close the merger. Following shareholder approval for the proposals, the merger is expected to close shortly thereafter. The merger agreement provides for a truly combined enterprise in a 50/50 equity and board member representation transaction. Eric Wenaas, President and CEO of PepperBall, will continue in that role for the combined entity and current SWAT CEO and CFO, Jeff McGonegal, will remain with the combined entity as its CFO. Closing of the transaction is subject to customary conditions, including the approval by both companies' shareholders.

"We believe the merger will result in a leadership position in the less-lethal market and greatly improve the efficiencies of distribution and production of less-lethal products marketed to law enforcement, private security, corrections and the military," according to Eric Wenaas, President and CEO of PTI.

In connection with the completion of the merger, Security With Advanced Technology will change its name to PepperBall Technologies, Inc. PepperBall is the most widely recognized name brand and largest supplier of less-lethal pava-based launchers and projectiles for those launchers, and has sold over 16,500 launchers and 15 million projectiles to over 3,000 law enforcement agencies. To learn more about PepperBall and its products in action along with TV footage please go to www.pepperball.com . At the time of the merger closing, SWAT's Nasdaq trading symbol and its CUSIP number are expected to change with the new symbol that has been reserved with Nasdaq, being "PBAL." Additional information concerning the process and timing of the required stock certificate exchange will be forthcoming.

PepperBall introduced two new patent-pending handheld launcher products in late 2007, one for use only in the institutional market and the other has broad application in both the institutional and the consumer market. Based upon annualized interim sales rates for each of the companies, it is expected that the combined enterprise would have a current annual revenue run-rate of approximately $5 million, prior to the expected positive impact of either company's new launcher products. PTI develops, manufactures and markets non-lethal and less-lethal weapons and compliance technology utilizing its PepperBall® patented technology, which is used by law enforcement, correctional facilities, and the military as well as private security officers (collectively characterized as the "institutional" market).

Under new management for the past four years, PTI has focused on and devoted substantial resources to developing new technologies which it believes have much broader market potential. PepperBall believes it is now poised to pursue the institutional user as well as the public consumer with sales of its new products. PTI's development of new hand-held launchers include 1) the FlashLauncher(TM), a five-shot pava filled projectile launcher integrated into a rugged flashlight and 2) the SA-4, a four-shot handheld launcher specifically designed to compete with the Taser(TM) marketed by Taser International in the institutional market. These first two products were introduced in late 2007, but to date, sales have been limited by production capabilities which are being expanded and PTI expects to expand further as demand develops for the new products. Marketing for these new products has also been limited as design and testing were finalized and due to working capital limitations. The SA-4 was designed for, and will be sold only to institutional users, while the FlashLauncher will be offered to both consumers and institutional users.

The PepperBall FlashLauncher system combines a rugged flashlight and a five-shot PepperBall launcher in one product. Its bright 100 lumen flashlight effectively illuminates search areas including the inside of vehicles, rooms, corrections cells, etc. at ranges exceeding the maximum suggested range of the launcher. Law enforcement or corrections officers can quickly assess hostile situations and, if needed, immediately launch up to five PepperBall projectiles in semi-automatic fashion to control or subdue subjects. PTI believes the FlashLauncher's range and effectiveness significantly exceeds pepper spray products currently in use for similar control situations. It has a built-in laser to quickly and accurately aid in targeting. The FlashLauncher can be recharged at an agency, home or vehicle and is sold as a system or with separate accessories including AC recharger, DC recharger, holster, and CO2. The FlashLauncher is now in limited production for sale to both institutional users and consumers.