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ANNAPOLIS, MD. — March 5, 2012 — Today, Gerard Ferri, President of Safe and Secure TV Channel, Inc. (SSTC.PK) announced that the company signed a Letter of Intent for a share exchange with Red Alert Group, Inc. to advance mutual objectives in global television focused on safety and security. Under the terms of the planned deal, SSTC will reverse split its outstanding stock to 625,000 shares. Red Alert Group will get 49,375,000 of SSTC shares in exchange for its new division, Red Alert Media Matrix (“RAMM”). Last week, it was announced that RAMM will be a 24-hour global news network focused on safety and security and distributed over television, Internet, and mobile.
The share exchange is expected to close this month. All the officers and directors of SSTC will resign in favor of the officers and directors of Red Alert Group. SSTC will change its name to Red Alert Media Matrix Holding Corp., and apply for a new stock symbol. Gerard Ferri will head RAMM’s Network Affiliate Enterprises.
"Red Alert's history and resources present a tremendous opportunity for SSTC and its shareholders," noted Ferri.
"SSTC's business concepts have been well developed and RAMM will also greatly benefit by the expertise of Gerard Ferri," said Timothy Holly, CEO of Red Alert Group.
The proposed deal is subject to customary closing conditions, including due diligence, execution of the definitive Plan and Share Exchange Agreement, and approval by the respective Board of Directors (and, to the extent required by applicable law, shareholders). There can be no assurance that the transaction will be completed.
ABOUT SAFE AND SECURE TV CHANNEL. Safe and Secure TV Channel is the world's premier internet broadband television network and multimedia information and distribution company serving the homeland security and emergency preparedness industry. Unifying internet broadband television, print magazine publishing, and the latest electronic media, the Company's proprietary media distribution platform, customer service, and marketing tools are specifically designed to enable multi-channel customer communication and relationship development in the safety and security industry. The Company generates revenues through the sale of advertising in media distributed to consumers of security products and preparedness solutions serving business and residential markets, including home security, alarm and related industries -- an estimated $45 billion market. Additionally, the Company develops sales from commercial and government enterprises that focus on the homeland security industry, one of the fastest-growing industries in the United States. According to Homeland Security Research Corporation, a market research firm, the worldwide homeland security market is forecasted to grow by nearly 100%, from $231 billion in 2006 to $518 billion in 2015. For additional information, please visit the company's website at www.safeandsecuretvchannel.com.
ABOUT RED ALERT GROUP. Red Alert Group, Inc. offers security, intelligence, and private military solutions to government and commercial customers. Information on can be found at www.RedAlertGroup.com.
Forward-looking statements in this release involve risks and uncertainties that may cause future results to be materially different from any future performance suggested in this release. Neither, Safe and Secure TV Channel, Inc. or Red Alert Group, Inc. undertakes an obligation to update any forward-looking statements.
Contact:
Safe and Secure TV Channel, Inc. Red Alert Group, Inc.
Tel/Fax: 443-949-0456 Tel/Fax: 855-THE-TASC
Mobile: 954-850-9405 Mobile: 202-599-0902
gerard.ferri@safeandsecuretvchannel.com RedAlertTV@RedAlertGroup.com
