EX-99.1
5
v135568_ex99-1.htm
Company
Contact:
Investor
Relations:
Yaron
Eitan
John
McNamara
President
and Chief Executive Officer
Cameron
Associates
Vector
Intersect Security Acquisition Corporation
(212)
245-8800 Ext. 205
(201)
708-9803
john@cameronassoc.com
yeitan@selway.com
FOR
IMMEDIATE RELEASE:
VECTOR
INTERSECT SECURITY ACQUISITION CORPORATION
STOCKHOLDERS
APPROVE, AND VECTOR COMPLETES MERGER WITH
CYALUME
TECHNOLOGIES, INC.
Ridgefield Park, NJ - December 19,
2008 -
Vector Intersect Security Acquisition Corporation (OTCBB: VTRQ), a
special purpose acquisition company, today announced its stockholders approved
the Company's previously announced proposed acquisition of Cyalume Technologies,
a private company that is a leading provider of safety, security and training
products for the US military and other militaries. The merger was approved by
approximately 90% of Vector's stockholders. Shortly following the shareholder
vote, the two companies completed the merger. In conjunction with the
acquisition, Vector Intersect changed its name to Cyalume Technologies
Holdings.
The
company expects that its common stock, units and warrants will continue to trade
under the symbols VTRQ, VTRQU, and VTRQW respectively.
Speaking
of the stockholder approval, Derek Dunaway, CEO of Cyalume said, "We are
delighted to have completed this process and we look forward to growing this
company and creating shareholder value in the process. We continue to see a very
strong market for our products despite the economic slowdown, and this merger
provides us with financial flexibility and a wealth of experience that the
Vector team brings to our board of directors. The combination creates a dynamic
company."
Yaron
Eitan, President and CEO of Vector said, "We are very pleased to have been able
to bring this merger to completion in what has been a very difficult market
environment and we are excited to be a part of this dynamic company. We are also
grateful to the many people and investors who supported us in this
effort."
New York
headquartered Rodman & Renshaw, LLC, a subsidiary of Rodman & Renshaw
Capital Group, Inc. (NASDAQ: RODM) originated the transaction for and served as
the advisor to Vector Intersect Security.
About
Vector Intersect Security Acquisition Corp.
Vector
Intersect Security Acquisition Corp. is a blank check company recently formed
for the purpose of effecting a merger, capital stock exchange, asset acquisition
or other similar business combination with an unidentified operating business in
the security and defense industries.
About
Cyalume Technologies
Cyalume
Technologies is the world leader in the chemiluminescent industry. We provide
dependable
light for uses by militaries, police, fire and other public safety organizations
in the U.S., NATO countries and the Middle East. Our chemical lights are
depended on in emergencies such as blackouts, industrial accidents, acts of
terrorism and natural disasters. We manufacture a full complement of Military
grade Cyalume® brand, Industrial grade SnapLight® brand and Consumer grade
SafetyBright® brand emergency lighting solutions. The company employs 200 people
at its locations in West Springfield Massachusetts and Aix-en-Provence,
France.
Safe
Harbor
This
press release may contain certain forward-looking statements including
statements with regard to the future performance of Vector Intersect Security
Acquisition Corporation ("Vector"). Words such as "believes", "expects,"
"projects", and "future" or similar expressions are intended to identify
forward-looking statements. These forward-looking statements inherently involve
certain risks and uncertainties that are detailed in Vector's Prospectus and
other filings with the Securities and Exchange Commission. The Company
undertakes no obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events or
otherwise.

EX - 99 . 1 5 v135568 _ ex99 - 1 . htm Company Contact : Investor Relations : Yaron Eitan John McNamara President and Chief Executive Officer Cameron Associates Vector Intersect Security Acquisition Corporation ( 212 ) 245 - 8800 Ext . 205 ( 201 ) 708 - 9803 john@cameronassoc.com yeitan@selway.com FOR IMMEDIATE RELEASE : VECTOR INTERSECT SECURITY ACQUISITION CORPORATION STOCKHOLDERS APPROVE , AND VECTOR COMPLETES MERGER WITH CYALUME TECHNOLOGIES , INC . Ridgefield Park , NJ - December 19 , 2008 - Vector Intersect Security Acquisition Corporation ( OTCBB : VTRQ ) , a special purpose acquisition company , today announced its stockholders approved the Company ' s previously announced proposed acquisition of Cyalume Technologies , a private company that is a leading provider of safety , security and training products for the US military and other militaries . The merger was approved by approximately 90 % of Vector 's stockholders . Shortly following the shareholder vote , the two companies completed the merger . In conjunction with the acquisition , Vector Intersect changed its name to Cyalume Technologies Holdings . The company expects that its common stock , units and warrants will continue to trade under the symbols VTRQ , VTRQU , and VTRQW respectively . Speaking of the stockholder approval , Derek Dunaway , CEO of Cyalume said , " We are delighted to have completed this process and we look forward to growing this company and creating shareholder value in the process . We continue to see a very strong market for our products despite the economic slowdown , and this merger provides us with financial flexibility and a wealth of experience that the Vector team brings to our board of directors . The combination creates a dynamic company . " Yaron Eitan , President and CEO of Vector said , " We are very pleased to have been able to bring this merger to completion in what has been a very difficult market environment and we are excited to be a part of this dynamic company . We are also grateful to the many people and investors who supported us in this effort . " New York headquartered Rodman & Renshaw , LLC , a subsidiary of Rodman & Renshaw Capital Group , Inc . ( NASDAQ : RODM ) originated the transaction for and served as the advisor to Vector Intersect Security . About Vector Intersect Security Acquisition Corp . Vector Intersect Security Acquisition Corp . is a blank check company recently formed for the purpose of effecting a merger , capital stock exchange , asset acquisition or other similar business combination with an unidentified operating business in the security and defense industries . About Cyalume Technologies Cyalume Technologies is the world leader in the chemiluminescent industry . We provide dependable light for uses by militaries , police , fire and other public safety organizations in the U . S . , NATO countries and the Middle East . Our chemical lights are depended on in emergencies such as blackouts , industrial accidents , acts of terrorism and natural disasters . We manufacture a full complement of Military grade Cyalume ® brand , Industrial grade SnapLight ® brand and Consumer grade SafetyBright ® brand emergency lighting solutions . The company employs 200 people at its locations in West Springfield Massachusetts and Aix - en - Provence , France . Safe Harbor This press release may contain certain forward - looking statements including statements with regard to the future performance of Vector Intersect Security Acquisition Corporation ( " Vector " ) . Words such as " believes " , " expects , " " projects " , and " future " or similar expressions are intended to identify forward - looking statements . These forward - looking statements inherently involve certain risks and uncertainties that are detailed in Vector 's Prospectus and other filings with the Securities and Exchange Commission . The Company undertakes no obligation to publicly update or revise any forward - looking statements , whether as a result of new information , future events or otherwise .