DENVER, April 4, 2007 (PRIME NEWSWIRE) -- HS3 Technologies, Inc. (OTCBB:HSTH), a world-wide provider of innovative security solutions, is announcing the signing of a master distributor agreement with Autostar Technology Private Limited, a company incorporated in the Republic of Singapore who attended this year's 2007 International Security Conference (ISC) West in Las Vegas, Nevada. HS3 will be the exclusive promoter and distributor of Autostar's biometric products in the USA. The products included in this agreement are some of the most advanced fingerprint authentication systems, specifically designed to provide irrefutable personal identification.
Owner of Autostar Technology, KOH Kheng Guan, stated he has been looking for a company that had his confidence and the ability he believed to present their High Tech line of products into a national distribution network and that he is very happy about the potential this agreement represents.
"It is very rare for one company to have generated enough confidence from an Asian manufacturer for the sole distribution of their products into the United States market, and we as well are confident that this exclusive sale and distribution agreement will benefit both companies for many years. At HS3 we realize the importance and confidence this agreement represents," said Mark Lana, President of HS3 Technologies, Inc. "Adding a device of this nature to HS3 Technologies' state-of-the-art security product line will allow us to offer exceptional biometric security solutions as well as generate revenue through distribution of these systems to the U.S. market. Over the next several years, the public will find that security and 'rate of investment' into biometric access control and time and attendance is much higher than other solutions currently in use today."
About HS3 Technologies, Inc.
HS3 Technologies, Inc. ("HS3") is a national provider of innovative security solutions, headquartered in Denver, Colorado. HS3 provides technologies and services through a national authorized dealer and distribution program. Utilizing independent sales professionals, national distribution and local dealers, HS3 offers custom security solutions for commercial, residential, government and military applications. These state-of-the-art products include digital video recording technology (DVR), biometric access control (door locks), personal biometric identification units, CCTV, video monitoring centers, cellular networks, wireless mesh networks units and wireless internet-linked satellite surveillance systems. HS3 Technologies is bringing together technologies, services and people to fulfill the increasing global security needs of today and tomorrow.
This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, that the agreement between HS3 Technologies, Inc. and Autostar may generate both installation and recurring revenue with the additional products and will allow the company to capitalize on all market segments, and the specific features and applications of the door lock models.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, HS3's ability to manufacture the products to function as designed and the ability of the products to gain market acceptance; and HS3's ability to supply high-speed satellite Internet access and integrated security technologies to any location in the country, at higher speeds and lower costs. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in the Company's recent current reports on Form 8-K, our annual report on Form 10-KSB, our quarterly reports on Form 10-QSB and other periodic and current reports filed from time-to-time with the Securities and Exchange Commission.
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