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Technology Stocks : MSGI Security Solutions, (MSGI)

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From: Paul Lee	5/31/2007 9:24:28 AM
	of 26

MSGI Receives $10 Million Apro Media Purchase Order Thursday May 31, 9:00 am ET NEW YORK--(BUSINESS WIRE)--MSGI Security Solutions, Inc. (MSGI.OB) a leading provider of proprietary security products and services, announced today that the company has received its first purchase order from Apro Media Corp in the amount of $10 million as part of the sub-contracting agreement to provide commercial security services to a Fortune 100 defense contractor. ADVERTISEMENT MSGI will acquire components from a Korean company and begin to deliver fully integrated security systems as early as June, and will continue to fulfill client requests throughout the summer and into the early fall. The company has just secured a new production and customer service facility in lower Manhattan and is prepared to begin work on the first set of deliverables immediately. Jeremy Barbera, Chairman and CEO of MSGI commented, "We are very pleased to have received the first Apro Media purchase order for $10 million and are looking forward to our first material commercial security deployment. We anticipate some revenue from this agreement in the current quarter with the majority being reported in our first and second quarter of our fiscal year. This event marks the formation of MSGI as an operational entity, in addition to a holding company. While we will continue to maintain ownership in our existing subsidiaries, all future business development and revenue generation efforts will be controlled and reported by the parent company. We will continue to serve the military and federal and state governments, while expanding to ports and critical infrastructures, industrial and commercial businesses and correctional facilities. MSGI now offers end-to-end solutions for fully integrated security systems utilizing a hybrid of wired and wireless custom electronics. With the majority of 2007 ahead of us we are excited about the many opportunities still to come." This information is not and should not be deemed an offer to sell, or a solicitation of an offer to buy, any securities or any other instruments.

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