EX-99.1
3
pressreleasetxt.txt
MSGI SECURITY SOLUTIONS ACQUIRES AONET INTERNATIONAL SRL
Leading Italy-Based Company Delivers State-of-the-Art Data Center
For Safeguarding Transmissions in Law Enforcement and
Global Commerce Applications
New York, New York, June 2, 2005 - MSGI Security Solutions, Inc. (Nasdaq: MSGI)
today announced that it has taken the second in a series of material events to
expand its presence in Europe by acquiring AONet International, SrL., a leading
Milan-based application infrastructure service provider.
AONet (Always On Networks) represents the infrastructural centerpiece of the
MSGI service offerings, which are focused on gathering - and disseminating -
intelligence for global law-enforcement and anti-terrorism initiatives. MSGI is
strategically focused on devising product and service solutions to strengthen
public safety and homeland security. The AONet acquisition will directly support
the company's strategic plan and corporate growth objectives.
The AONet Data Center has been significantly upgraded to keep pace with clients'
ever-increasing requirements for secure data housing and transmissions. More
than 8 million Euros (approximately $10 million) has been invested in the
facility to achieve the highest levels of data security and technological
durability. AONet concluded its first year of business in 2004 with sales of 2.5
million Euros (approximately $3 million) operating profitably. Financial due
diligence was conducted by the accounting firm of Ernst & Young.
As an application infrastructure service provider, AONet International's
outsourcing business supports information and communication technology processes
for clients throughout Italy. Specifically, the AONet Data Center, which has 54
employees, supports application hosting, network solution design and management,
remote service and on-site support, managed security, and disaster recovery and
business continuity. The secure facility consists of 4 floors representing more
than 25,000 square feet. Jeremy Barbera, Chairman and CEO of MSGI Security
Solutions, said, "The acquisition of AONet International represents a vital new
addition to our technology-based service offerings. Chief among AONet's assets
is its state-of-the-art Data Center. This impressive facility will be utilized
by MSGI's public and private sector clients to catalog, house, and securely
disseminate critical information employed in law enforcement and public safety
applications, as well as in international commerce. "Not only will this
acquisition accelerate the consolidation of our operating activities in Italy,
it will also expedite our strategic expansion throughout Europe and the United
States", Mr. Barbera added.
Powerful synergies exist between AONet International and MSGI Security
Solutions' existing businesses. AONet will continue to work closely with Excelsa
SpA; one of Europe's leading providers of outsourced video surveillance and
security solutions for both civilian and military services customers. The most
immediate opportunity will be derived from the lawful interception platform
which includes a fully featured and easy-to-use means of gathering intelligence
over telephony communications. Additionally, Excelsa is the OEM provider of IP
video surveillance services for Telecom Italia, including content storage in
secure Data Centers.
AONet will also build new programs with Innalogic LLC - MSGI's wireless software
development and network engineering firm. Innalogic, which works with clients
such as the U.S. Department of Homeland Security, specializes in developing
secure, encrypted software that delivers rich-media content (video, audio,
biometric, sensor data, etc.) to wirelessly enabled mobile devices over wireless
or wired networks. Innalogic is now finalizing development of a proprietary
software encryption product, which is designed to maximize data security within
wireless devices.
About AONet International Srl:
AONet International (http://www.aonet.it) is a leading provider of outsourced IT
infrastructure, Operating System & Database application know-how, as well as ASP
Enabling and 24x7 Business Continuity (redundancy, security) services. Users of
AONet services include government agencies, large corporate accounts and medium
and small firms. For more details in English, download the Company Brochure at:
http://www.msgisecurity.com/contact
About MSGI:
MSGI Security Solutions, Inc. (Nasdaq: MSGI) is an international proprietary
solutions provider developing a combination of innovative emerging businesses
that leverage information and technology. MSGI is principally focused on the
homeland security, public safety and law-enforcement services industry. The
Company is headquartered in New York City, and has regional offices in
Washington DC; and Milan, Italy. MSGI acquires material interests in high-growth
technology and software development businesses. These firms are led by
successful entrepreneurs and experienced management teams that have developed
end-to-end client solutions that meet current and emerging market needs.
The Company is currently comprised of three operating companies and a
significant unconsolidated investment which collectively deliver a powerful
array of strategic synergies for cross-selling and joint product development.
MSGI is engaged in an ongoing corporate growth program whose focus is
acquisitions, strategic alliances and co-branding relationships in the United
States and Europe. More information on MSGI is available on the Company's
website at: http://www.msgisecurity.com.
* * *

EX - 99 . 1 3 pressreleasetxt . txt MSGI SECURITY SOLUTIONS ACQUIRES AONET INTERNATIONAL SRL Leading Italy - Based Company Delivers State - of - the - Art Data Center For Safeguarding Transmissions in Law Enforcement and Global Commerce Applications New York , New York , June 2 , 2005 - MSGI Security Solutions , Inc . ( Nasdaq : MSGI ) today announced that it has taken the second in a series of material events to expand its presence in Europe by acquiring AONet International , SrL . , a leading Milan - based application infrastructure service provider . AONet ( Always On Networks ) represents the infrastructural centerpiece of the MSGI service offerings , which are focused on gathering - and disseminating - intelligence for global law - enforcement and anti - terrorism initiatives . MSGI is strategically focused on devising product and service solutions to strengthen public safety and homeland security . The AONet acquisition will directly support the company 's strategic plan and corporate growth objectives . The AONet Data Center has been significantly upgraded to keep pace with clients ' ever - increasing requirements for secure data housing and transmissions . More than 8 million Euros ( approximately $ 10 million ) has been invested in the facility to achieve the highest levels of data security and technological durability . AONet concluded its first year of business in 2004 with sales of 2 . 5 million Euros ( approximately $ 3 million ) operating profitably . Financial due diligence was conducted by the accounting firm of Ernst & Young . As an application infrastructure service provider , AONet International 's outsourcing business supports information and communication technology processes for clients throughout Italy . Specifically , the AONet Data Center , which has 54 employees , supports application hosting , network solution design and management , remote service and on - site support , managed security , and disaster recovery and business continuity . The secure facility consists of 4 floors representing more than 25,000 square feet . Jeremy Barbera , Chairman and CEO of MSGI Security Solutions , said , " The acquisition of AONet International represents a vital new addition to our technology - based service offerings . Chief among AONet 's assets is its state - of - the - art Data Center . This impressive facility will be utilized by MSGI 's public and private sector clients to catalog , house , and securely disseminate critical information employed in law enforcement and public safety applications , as well as in international commerce . " Not only will this acquisition accelerate the consolidation of our operating activities in Italy , it will also expedite our strategic expansion throughout Europe and the United States " , Mr . Barbera added . Powerful synergies exist between AONet International and MSGI Security Solutions ' existing businesses . AONet will continue to work closely with Excelsa SpA ; one of Europe 's leading providers of outsourced video surveillance and security solutions for both civilian and military services customers . The most immediate opportunity will be derived from the lawful interception platform which includes a fully featured and easy - to - use means of gathering intelligence over telephony communications . Additionally , Excelsa is the OEM provider of IP video surveillance services for Telecom Italia , including content storage in secure Data Centers . AONet will also build new programs with Innalogic LLC - MSGI 's wireless software development and network engineering firm . Innalogic , which works with clients such as the U . S . Department of Homeland Security , specializes in developing secure , encrypted software that delivers rich - media content ( video , audio , biometric , sensor data , etc . ) to wirelessly enabled mobile devices over wireless or wired networks . Innalogic is now finalizing development of a proprietary software encryption product , which is designed to maximize data security within wireless devices . About AONet International Srl : AONet International ( http://www.aonet.it ) is a leading provider of outsourced IT infrastructure , Operating System & Database application know - how , as well as ASP Enabling and 24x7 Business Continuity ( redundancy , security ) services . Users of AONet services include government agencies , large corporate accounts and medium and small firms . For more details in English , download the Company Brochure at : http://www.msgisecurity.com/contact About MSGI : MSGI Security Solutions , Inc . ( Nasdaq : MSGI ) is an international proprietary solutions provider developing a combination of innovative emerging businesses that leverage information and technology . MSGI is principally focused on the homeland security , public safety and law - enforcement services industry . The Company is headquartered in New York City , and has regional offices in Washington DC ; and Milan , Italy . MSGI acquires material interests in high - growth technology and software development businesses . These firms are led by successful entrepreneurs and experienced management teams that have developed end - to - end client solutions that meet current and emerging market needs . The Company is currently comprised of three operating companies and a significant unconsolidated investment which collectively deliver a powerful array of strategic synergies for cross - selling and joint product development . MSGI is engaged in an ongoing corporate growth program whose focus is acquisitions , strategic alliances and co - branding relationships in the United States and Europe . More information on MSGI is available on the Company 's website at : http://www.msgisecurity.com . * * *
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