Ultimate Security Systems Corporation Announces New Distributors in Western Canada
IRVINE, Calif., June 2 -- Ultimate Security Systems Corporation and ImmunoTechnology Corporation (BULLETIN BOARD: IMNT) , which have entered into a definitive merger agreement, announced today the addition of RBL Warehouse Distributors and its 10 Raven Truck Accessory and Raven Sport & Performance Center locations, as new distributors of the Power Lock(TM) product in Western Canada.
Ultimate Security Systems Corporation, based in Irvine, Calif., is known for developing and marketing Power Lock, the first anti-theft device that prevents vehicles from being hot-wired, which is the most common method used by professional thieves. Unlike other devices, Power Lock attaches permanently to the vehicle's starter motor and cannot be bypassed or removed.
"The market for the Power Lock(TM) product across Western Canada is enormous," said James Cooper, CEO of Ultimate Security Systems Corporation. "We are pleased to be represented by a quality firm like RBL Warehouse Distributors. I'm confident that this relationship will open up greater distribution in Western Canada, which fits in with our company's goal of developing international markets."
Currently, vehicle theft accounts for more than 12 percent of all property crimes in Canada.
Power Lock is one of only four aftermarket immobilizer systems approved by the Vehicle Information Centre of Canada (VICC). The agency's stringent standard requires immobilizer systems to be: 1) passively armed; 2) once armed, cut a vital circuit to fuel, ignition or starter motor; 3) require a special key or code to disarm.
VICC developed the auto theft deterrent standard in 1998 with the support of insurance companies, automobile manufacturers, consumers, police, security system manufacturers and Underwriters' Laboratories of Canada. The standard is the first of its kind in North America.
For additional information on Power Lock(TM) please view www.powerlock.com or contact the corporate headquarters: 18271 West McDurmott, Suite F, Irvine, CA 92614 (800) 689-8004.
Media Contact: Emily Curci, Hilary Kaye Associates (714) 426-0444; ecurci@hkamarcom.com
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be forward-looking statements. Forward-looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. In particular, information in this release relates to the terms of a merger transaction which is contingent on shareholder approval and the effectiveness of a registration statement on Form S-4 to be filed with the SEC.