Statmon Technologies Corp. (fka STCA)

[Rob_seller]

Statmon Technologies Reviews September 2006 2nd Quarter

Statmon Technologies Corp. (OTCBB: STCA): In the recently announced quarter ending September 30, 2006, Statmon Technologies Corp. more than doubled its sales, achieving sequential and year over year revenue gains of 156% and 108%, respectively, with quarterly revenues of $647,000. This gain in revenue was partially attributable to the Company's agreement with MediaFLO USA, a wholly owned subsidiary of QUALCOMM Incorporated (NASDAQ: QCOM), as reported in Form 8K filings dated September 15, 2006 and October 4, 2006, respectively, and partially from increased international broadcast activity.

Looking toward the current quarter ending December 31, 2006, Statmon Technologies anticipates reporting revenues in the range of $2.2 million and an operating profit in excess of $1.0 million largely attributable to its agreement with MediaFLO USA. To date, Statmon Technologies has shipped software and hardware on schedule for numerous MediaFLO USA sites. Statmon Technologies domestic and international broadcast sales continue to be strong in the quarter ending December 31, 2006.

Mr. Geoffrey Talbot, Statmon Technologies CEO, said, "We are delighted to be involved with the exciting MediaFLO USA national network build out. We also are receiving increased inquiries and positive feedback from the domestic and international infrastructure markets regarding our flagship 'Axess' facilities management and remote site software, and have increasing dialogue with corporate, military and government entities that offer Statmon Technologies substantial new business development opportunities going into 2007 and beyond."

Mr. Talbot went on to say, "In order to better service our growing domestic and international customer base, Statmon Technologies is establishing a fully functional Chicago, Illinois-based facility that will include a network operations and monitoring center. The new facility is scheduled to come on line in early 2007. Chicago is centrally located to the majority of Statmon Technologies existing clients, plus strategically located to many of the new vertical market customers we are focused on including wireless, telecommunications, government and the military."

Mr. Talbot continued, " The Company is working with institutional investors to provide an equity infusion primarily to fund the expansion into new markets and to improve the Company's balance sheet. The Company is working with institutional investors to provide an equity infusion primarily to fund the expansion into new markets and to improve the Company's balance sheet. Demonstrating confidence in Statmon Technologies future prospects, certain of the Company's existing note holders have committed to convert approximately $1.5 million of their debt into equity in the proposed private placement offering. The Company believes that a stronger balance sheet along with the improving operating results are important mile posts towards the goal of reaching compliance for listing on a national exchange."

Mr. Talbot closed by saying, "We greatly appreciate the support of our customers, shareholders, investors and employees who have all contributed to making the improved operating results in the quarter possible. Management are highly committed to leveraging that success in 2007 and beyond."

Statmon Technologies Corp.
Geoffrey Talbot, Chairman & CEO, 310-288-4580
gtalbot*statmon.com