I wonder how it all went so wrong???
News Release I found --
MSGI Announces Formation of Nanobeak Subsidiary as Holding Company for NASA Technology
August 19, 2009 10:00 AM Eastern Daylight Time
NEW YORK--(BUSINESS WIRE)--MSGI Security Solutions Inc. (OTCBB: MSGI) 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.”
About MSGI Security Solutions
MSGI Security Solutions, Inc. is a leading international provider of proprietary solutions to commercial and government organizations. MSGI is developing a combination of innovative emerging businesses that leverage information and technology. The Company is headquartered in New York City where it serves the needs of counter-terrorism, public safety, and law enforcement. More information on MSGI is available on the company's website at www.msgisecurity.com. MSGI is a significant stakeholder in Current Technology Corporation.
