• E-mail
• Print
• Comment
• Font Size
• Digg
• del.icio.us
• Discuss article

Satellite Security Corporation Hires New President to Run Subsidiary, Satellite Security Systems

Posted on: Monday, 14 August 2006, 09:00 CDT

SAN DIEGO, Aug. 14 /PRNewswire-FirstCall/ -- Satellite Security Corporation (BULLETIN BOARD: SSCY) , today announced that it has hired Eric Chapman as President of its wholly owned subsidiary, Satellite Security Systems, Inc. (S3).

Chapman began his career with CACI, Inc., a San Diego software company in 1987. In 1995, Chapman was appointed to the company's senior management team to lead an OEM transaction with Motorola that ultimately resulted in the launch of a new business division for CACI.

In 1998, Chapman left CACI and joined Systems Engineering Associates (SEA) also headquartered in San Diego CA. Chapman was recruited by SEA to participate in a management turn-around for SEA. The company was facing major challenges related to generating clients and employee retention. Mr. Chapman formulated and implemented a strategy that launched a multi-million dollar line of business that ultimately led to the sale of SEA to a San Diego based software company. After the sale, Chapman was retained by the surviving company to assist in the integration of certain aspects SEA's business.

"Eric brings a tremendous amount of management know-how, sales experience and business understanding that will be instrumental in dealing with S3's aggressive growth," explains John Phillips, CEO. "Having Eric take over this role is another major piece of the management team that needed to be in place as we continue focusing on the execution of S3's business model."

About Satellite Security Corporation

Satellite, through its subsidiary, Satellite Security Systems ("S3"), provides GPS-based solutions to ensure the security of personnel, vehicles and equipment, while automating and streamlining business processes in order to reduce costs. The cornerstone of the S3's offering, GlobalGuard(TM), is a state-of-the-art GPS tracking system that provides unsurpassed reliability, power, and flexibility.

GlobalGuard(TM) technology combines global positioning, satellite, and wireless communications together with advanced software engineering and services to produce a state-of-the-art system for tracking, monitoring, and controlling both fixed and mobile assets. S3's unique value proposition includes technology designed to accommodate most any customer requirement, data warehousing of tracking data for historical analysis, and a 24/7/365 Monitoring and Support Center (MSC) staffed by specially trained technicians working in conjunction with uniformed authorities. MSC technicians are capable of remotely troubleshooting problems, responding to emergencies, and can take over critical monitoring functions for any client, if necessary.

GlobalGuard(TM) customers include the FBI, the U.S. Dept. of Homeland Security, the U.S. Bureau of Immigration and Customs Enforcement, the San Francisco Unified School District, Fairfax County Public Schools, Inter-State Oil Company, Swain Oil, Snap-On Tools, Gateway Cities of Governments, the Sacramento Air Quality Management District, and more than 400 other government and commercial entities. S3 is headquartered in San Diego, CA.

To contact Satellite Security Systems Inc.: Eric Chapman 877-437-4199 or echapman@satsecurity.com.

FORWARD LOOKING STATEMENT: This press release contains forward-looking statements, including expected industry patterns and other financial and business results that involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from results expressed or implied by this press release. Such risk factors include, among others: the sustainability of recent growth rates in the market for GPS products and services; whether certain market segments, particularly enterprise security, grow as anticipated; the positioning of Satellite's and S3's products in those segments; the competitive environment in the asset tracking and monitoring industry; ability to integrate acquired companies and technology; ability to retain key employees; ability to successfully combine product offerings and customer acceptance of combined products; general market conditions, fluctuations in currency exchange rates, changes to operating systems and product strategy by vendors of operating systems; and whether Satellite and/or S3 can successfully develop new products and the degree to which these gain market acceptance. Actual results may differ materially from those contained in the forward-looking statements in this press release. Additional information concerning these and other risk factors is contained in the Risk Factors sections of Satellite's previously filed Form 10-K and Form 10-Q. Neither Satellite nor S3 undertake any obligation to update or revise forward- looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

Satellite Security Corporation

CONTACT: Eric Chapman of Satellite Security Systems Inc.,+1-877-437-4199, echapman@satsecurity.com

Web site: http://www.satsecurity.com/

Source: PRNewswire-FirstCall

More News in this Category