Invisa Featured In Sarasota Herald Tribune Article
24 February 2004 - 11:00PM
PR Newswire (US)
Invisa Featured In Sarasota Herald Tribune Article SARASOTA, Fla.,
Feb. 24 /PRNewswire-FirstCall/ -- Invisa, Inc. (OTC Bulletin Board:
INSA), an electronic life safety and security company focused on
commercializing patented presence-sensing technologies, today
announced that it was the feature of an article issued on January
19, 2004 in the Sarasota Herald Tribune titled, "Invisa Negotiates
Lower Fee for License," by Michael Pollick. To read the article,
visit: http://www.otcfn.com/insa. The article references Invisa's
newly hired President and CEO Herb Lustig who, for the last three
months, has improved the balance sheet through debt reduction. An
excerpt of the article stated, "Herb Lustig ... has renegotiated a
hefty licensing fee, saving $350,000. Invisa had a contract to buy
the rights to the radio technology that forms the basis for its
presence-sensing equipment. Invisa is using its product to make
automatic doors and gates safer." Lustig joined Invisa as Chief
Operating Officer in November 2003 and officially took over as
President and CEO on January 1, 2004. The article also highlights
Lustig's background stating, "Lustig has held executive positions
in area organizations, including the ADEMCO Security Group of
Honeywell International, General Instrument, Communications
Satellite Corp. and Booz Allen Hamilton. Most recently, he was
President and CEO of Expanse Networks, a developer of ePrivacy
software solutions." About Invisa Invisa, Inc. is an electronic
life safety and security company focused on commercializing
patented presence-sensing technologies. Through extensive R&D
efforts, Invisa has developed versatile, reliable and compact
next-generation presence-sensing solutions targeted to the $100
billion-plus global electronic life safety and security markets.
InvisaShield, a robust and advanced implementation of capacitive
sensing technology, is highly resistant to known methods of
circumvention. It is unique in that it does not employ infrared,
laser, ultrasound or microwave radiation. Invisa holds one patent
and has six more applications pending. For Product and Technology
Information: visit http://www.invisa.com/. Corporate Headquarters -
Invisa, Inc. 4400 Independence Court, Sarasota, Florida 34234, Tel:
941-355-9361, Fax 941- 355-9373. For Investor Relations
Information: Contact Gary Geraci, OTC Financial Network,
781-444-6100 ext. 629, Email: . International Investor Relations
Information: J.A. Michie - G.M. Capital Partners 800-647-9877 in
the U.S. or +41-1- 226-5000 in Europe. Email: . Investors are
encouraged to visit: http://www.otcfn.com/insa. This Press Release
contains certain forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. The company
has tried, whenever possible, to identify these forward-looking
statements using words such as "anticipates", "believes",
"estimates", "expects", "plans", "intends", "potential" and similar
expressions. These statements reflect the company's current beliefs
and are based upon currently available information. Accordingly,
such forward looking statements involve known and unknown risks,
uncertainties and other factors which could cause the company's
actual results, performance or achievements to differ materially
from those expressed in or implied by such statements. The company
undertakes no obligation to update or advise in the event of any
change, addition or alteration to the information catered in this
press release including such forward-looking statements.
DATASOURCE: Invisa, Inc. CONTACT: Investor Relations Information:
Gary Geraci of OTC Financial Network, 781-444-6100 ext. 629, ; or
International Investor Relations Information: J.A. Michie, G.M. of
Capital Partners 800-647-9877 in the U.S. or +41-1- 226-5000 in
Europe, Web site: http://www.otcfn.com/insa http://www.invisa.com/
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