IXSV Executes LOI with BG2000 Kft
25 September 2006 - 8:00PM
Business Wire
Intersecurity Holdings Corporation (OTC PK: IXSV) has signed a
letter of intent to acquire up to 100% of the issued and
outstanding shares of BG2000 Kft. BG2000 provides security services
in and around Budapest, by providing its own personnel as well by
utilizing sub-contracting companies; BG2000's current contracts
call for over 250 security personnel. "Being part of the
Intersecurity brand will give us increased recognition. Both myself
and Mr. Simone are of the belief that combining our companies will
benefit all involved," added Mr. Kenig, Manager of BG2000 Kft. In
addition, both BG2000 and Intersecurity have entered into a tender,
jointly, to provide security work for a company listed on the
Hungarian stock exchange. "We are looking forward to working with
BG2000's dedicated personnel. The purchase of BG2000 should be
completed in the coming months," stated Mr. Simone President of
Intersecurity Holdings Corp. Closing of the transaction will be
subject to the completion of Intersecurity's due diligence and
execution of a definitive acquisition agreement within the next 60
days. For additional information please contact Equitable Research
(USA) at +1 (954) 281-8266 or visit www.ixsv.com. About BG2000 Kft.
BG2000 is ISO 9002 certified. Its clients include several malls and
shopping centers, high tech companies and logistic centers, private
companies, offices and buildings and a state owned company. BG2000
includes amongst its services : human manpower and electronic
devices, armed guarding, deployment of electrical security systems.
Safe Harbor Statement: This press release may contain forward
looking statements. The words 'estimate', 'possible' and 'seeking'
and similar expressions identify forward-looking statements,
whether because of new information, future events, or otherwise.
Forward-looking statements are inherently subject to risks and
uncertainties, some of which cannot be predicted, or quantified.
Future events and actual results could differ materially from those
set forth in, contemplated by, or underlying the forward-looking
statements. The risks and uncertainties to which forward looking
statements are subject include, but are not limited to, the effect
of government regulation, competition and other material risks.
Intersecurity Holdings Corporation (OTC PK: IXSV) has signed a
letter of intent to acquire up to 100% of the issued and
outstanding shares of BG2000 Kft. BG2000 provides security services
in and around Budapest, by providing its own personnel as well by
utilizing sub-contracting companies; BG2000's current contracts
call for over 250 security personnel. "Being part of the
Intersecurity brand will give us increased recognition. Both myself
and Mr. Simone are of the belief that combining our companies will
benefit all involved," added Mr. Kenig, Manager of BG2000 Kft. In
addition, both BG2000 and Intersecurity have entered into a tender,
jointly, to provide security work for a company listed on the
Hungarian stock exchange. "We are looking forward to working with
BG2000's dedicated personnel. The purchase of BG2000 should be
completed in the coming months," stated Mr. Simone President of
Intersecurity Holdings Corp. Closing of the transaction will be
subject to the completion of Intersecurity's due diligence and
execution of a definitive acquisition agreement within the next 60
days. For additional information please contact Equitable Research
(USA) at +1 (954) 281-8266 or visit www.ixsv.com. About BG2000 Kft.
BG2000 is ISO 9002 certified. Its clients include several malls and
shopping centers, high tech companies and logistic centers, private
companies, offices and buildings and a state owned company. BG2000
includes amongst its services : human manpower and electronic
devices, armed guarding, deployment of electrical security systems.
Safe Harbor Statement: This press release may contain forward
looking statements. The words 'estimate', 'possible' and 'seeking'
and similar expressions identify forward-looking statements,
whether because of new information, future events, or otherwise.
Forward-looking statements are inherently subject to risks and
uncertainties, some of which cannot be predicted, or quantified.
Future events and actual results could differ materially from those
set forth in, contemplated by, or underlying the forward-looking
statements. The risks and uncertainties to which forward looking
statements are subject include, but are not limited to, the effect
of government regulation, competition and other material risks.
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