Company Enhances Line of Digital Video Surveillance Systems5 February 2005
Hal Schultz, President of MoneyFlow Systems International Inc. ("MoneyFlow"), reports that as an adjunct to the acquisition of Interglobe Investigation the Company has completed development of additional Digital Video Recorders (DVRs) used for security surveillance. The product line enhancement was initiated to provide a broader range of applications and create a greater appeal to a broader client base.
"We can now accommodate equipment needs for any location's requirements, from the most sophisticated high end installation to some of the lower feature requirements of our customers," Mr. Schultz commented. "It has taken several months to complete assembly of our product line of DVRs and cameras to meet our current requirements and we are now concentrating on our marketing effort to sell our products throughout North America," he remarked, adding, "We will be showing our products to the industry at the upcoming International Security Conference in Las Vegas, where we will have exposure to the largest distribution networks in the world for our type of products."
"In addition to our initial high end, robust and full featured DVRs, we have completed development of new and special featured equipment including a mid range priced Linux embedded system with up to sixteen cameras per DVR. The embedded systems are more reliable and not subject to malicious Internet attacks as is sometimes the case with other operating systems. The mid-range system appeals to customers who don't require all of the features of the top-of-the-line systems. The Company has also added an entry level line of product with embedded operating systems that offer capacity from 1 to 16 cameras for applications where full-featured systems are not required. This product line should appeal to cost conscious home owners and businesses are looking for affordable protection. Image quality is not sacrificed in the lower cost systems and by not forcing our customers to pay for bundled features not desired or required we can provide a better value to a broader range of clients," Schultz said.
He added, "The ever increasing concern for security and safety at home and in business has created a huge window of opportunity for the deployment of digital surveillance systems. In conjunction with our own product enhancement and development, and the relationships we have established with Asian manufacturers, we are able to stay on the leading edge of the technology while keeping pricing far below similar products being manufactured in Europe and North America."
MoneyFlow Systems International Inc., a Nevada corporation, is in the business of providing electronic financial transaction products and services through its wholly owned Canadian subsidiaries, Security Bancorp Inc., (SBI) and Intercash POS Systems Ltd., and employs CA$H STATION® as its Branded and registered trademark. The company has two distinct business divisions. The financial services division supplies, installs, maintains and manages electronic funds transfer (EFT) terminals, (e.g. Automated Teller Machines (ATMs) and Point of Sale (POS) Terminals), to facilitate the convenient dispensing of cash, purchase payment systems and other services to merchants and consumers. In addition, through its security division "Interglobe Investigation Services Inc," it provides investigation services to corporations and individuals that include security consulting, loss prevention, forensic computing, VIP and executive safety, criminal harassment (stalking crimes), investigating international crime, due diligence, homicides, abductions, missing persons, canine bomb & narcotics detection, security and protection. MoneyFlow has developed its "Remote Access Digital Video Recorder," which it manufactures and sells as the core of its surveillance systems and through Interglobe, the Company provides remote access digital video surveillance systems to homes, business, industry and government facilities. Users of the surveillance systems may view their location live, anytime from anywhere there is Internet access.
Cautionary Statement: This news release may include certain "forward-looking statements" within the meaning of Section 21E of the United States Securities Exchange Act, as amended. All statements, other than statements of historical fact, included in this release are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. All forward-looking statements in this release are expressly qualified by this notice.
Distributed by Filing Services Canada and retransmitted by Market Wire
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CONTACT: MoneyFlow Systems International Inc. Investor Relations 1-403-319-0236
SOURCE: MoneyFlow Systems International Inc.
Source: Market Wire
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