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Technology Stocks : MSGI Security Solutions, (MSGI)

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From: Paul Lee	8/19/2009 10:27:47 AM
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MSGI Announces Formation of Nanobeak Subsidiary as Holding Company for NASA Technology Press Release Source: MSGI Security Solutions Inc. On Wednesday August 19, 2009, 10:00 am EDT NEW YORK--(BUSINESS WIRE)--MSGI Security Solutions Inc. (OTCBB: MSGI - News) today reported that the Company has formed its first subsidiary for NASA based technology. Nanobeak Inc. is a nanotechnology company focused on carbon based chemical sensing for gas and organic vapor detection – effectively electronic sniffing. NASA developed the Nano Chemical Sensors for space missions to increase scientific measurement capabilities with less mass and lower power requirements. The potential space and terrestrial applications include cabin air monitoring onboard the Space Shuttle, surveillance of global weather, forest fire monitoring, radiation detection, and various other mission critical capabilities. This technology was developed at the NASA Ames Research Center located in Moffet Field, California. The commercial applications of these Nano Chemical Sensors relate specifically to Homeland Security and Defense, Medical Diagnoses, Environmental Monitoring and Process Control. Nanobeak will offer products in each of these sectors beginning this year. Jeremy Barbera, Chairman and CEO of MSGI commented; “Nanobeak is our “alpha” subsidiary - the first of several majority owned subsidiaries, each of which will hold the rights to a specific technology and also serve as the vehicle for investment capital. NASA and MSGI will issue a joint-release to elaborate on the first such breakthrough in technology that is nearing prototype stage. This new invention will be launched in the Medical Diagnoses field and will be marketed to the drug and pharmaceutical industries.”

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