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CLIFTON, N. J. January 21, 2005
– Clifton, NJ - Electronic Control
Security Inc. (OTC BB:EKCS), a leading
provider of perimeter security solutions
to governments and corporations worldwide,
held its annual stockholders meeting
at its corporate office in Clifton,
NJ.
Arthur Barchenko, Chairman and CEO
welcomed the shareholders and introduced
three new key members of the organization,
Joseph McAndrew, VP of Operations,
Robert Robinson, Business Development
Manager and Elie Addi, VP Finance.
In delivering the financial report,
Mr. Barchenko stated, “For the
first six months of fiscal 2005 (ended
December 31, 2004), the company’s
projected sales will be approximately
$1,975,000 as compared to $1,016,000
or a 49% increase for the same period
in Fiscal 04. With $350 million in
outstanding proposals and a committed
backlog of $7.5 million, I believe
we have the necessary resources in
place to effectively achieve a profitable
Fiscal 2005.”
The company has seen the introduction
of new product lines including Clarion’s
Water Monitoring and Control Systems,
Israel Aircraft Industries’
(IAI), HDS 300M Radar System, Trans
Security Fence FiberNet and MarineNet
and a new Sniper Detection system.
According to Mr. Barchenko, “The
search for the most highly advanced
technologies is on-going and as new
product developments occur, ECSI researches
and analyzes their effectiveness as
they relate to our customers’
requirements.”
Mr. Barchenko also reported growth
in marketing efforts in Central and
South America and the Middle East
and expects these opportunities to
increase significantly in 2005-2006.
Mr. Barchenko reported that 640,000
warrants had been exercised during
November and December, 2004.
In addition, Mr. Barchenko announced
the establishment of an Advisory Board
made up of key individuals from outside
the company including government,
academia and industrial sectors. They
will assist the company in determining
market direction, future technology
requirements and an approach to ensure
continued growth.
In closing, Mr. Barchenko said “Predicted
growth for ECSI is evident as Homeland
Security, other government agencies
and private entities focus on the
most critically demanding aspects
of exposure to risk and define the
solutions.”
About ECSI
ECSI is recognized as a global leader
in fully networked and integrated
perimeter intrusion detection security
sensor systems and an effective ISO
9001:2000 quality provider for the
Department of Energy, the Department
of Defense and Homeland Security programs.
The company designs, manufactures
and markets physical electronic security
systems for high profile, high-threat
environments. The employment of risk
assessment, inclusive of threat, vulnerability
and criticality factors, allows ECSI
to determine and address the security
needs of site-specific government
and commercial-industrial installations.
The company has teaming agreements
with Athena Ltd., Amata Inc., ARINC,
Hudson Marine, SRH Marine, Resource
Consultants Inc., Siemens Maintenance
Services (SMS) and other industry
leaders. ECSI is located at 790 Bloomfield
Avenue, Bldg. C-1, Clifton, NJ 07012.
Tel: 973-574-8555; Fax: 973-574-8562;
for more information on ECSI and its
customers please go to http://www.anti-terrorism.com.
Certain statements included in this
press release are forward-looking
statements within the meaning of the
Private Securities Litigation Reform
Act of 1995. Actual results could
differ materially from such statements
expressed or implied as the result
of a variety of factors, of which
a number could be potentially beyond
the Company's control. The Company's
actual results and events will be
expressed from time to time in the
Company's periodic filings with the
Securities and Exchange Commission
(the ``SEC''). As a result, this press
release should be read in conjunction
with the Company's periodic filings
with the SEC. The forward-reaching
statements contained herein are made
only as of the date of this press
release and the Company assumes or
undertakes no obligation to publicly
update such forward-looking statements
to reflect subsequent events or circumstances.
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