AbsoluteSKY (fka ABSY)

[Engr]

News Out - Didn't read it all yet but looks like more confirmation to March PR:

AbsoluteSKY Supplies Universal Surveillance, General Dynamics With RFID Solution
PrimeNewswire - May 31, 2007 12:30 PM ET
AbsoluteSKY, Inc. (Pink Sheets:ABSY), today announced that, under contract from its reseller Universal Surveillance
Systems EAS Inc. (U.S.S. Corporation), it has installed an RFID-based security system at a General Dynamics
Ordnance and Tactical Systems facility in Quebec, Canada. This important installation marks the first defense-related
application of a sub-system of AbsoluteSKY's powerful intelliTRACKER product suite that entered the market earlier
this year.
Developed primarily to accurately track inventory at long-ranges and in real-time for the retail industry,
intelliTRACKER comprises several modules and subsystems, one of which enables the tracking of personnel as they
enter specific zones or restricted areas. Combining the inherent benefits of long range RFID with the system's deep
software application, users of intelliTRACKER are able to receive instant alerts and detailed reports regarding the
movements of personnel in security-sensitive environments.
AbsoluteSKY is working closely on this contract with its strategic partner, Universal Surveillance Systems, an
established leader in providing intelligent security solutions with unsurpassed service to a growing list of customers
since 1996.
"We're delighted and honored to have the opportunity to bring this capability to such a prestigious and exacting customer as General Dynamics,"
remarked John Frabasile, President and CEO of AbsoluteSKY. "Obviously, being defense-related, we can't say much about the contract, but suffice to
say we are very enthusiastic about the enormous potential for our system in this important market."
General Dynamics Ordnance and Tactical Systems-Canada Inc. (GD-OTS Canada) is a world-class developer and manufacturer of ammunition adapted
to the needs of the armed forces and law enforcement agencies worldwide. GD-OTS Canada is wholly owned by General Dynamics Corporation of Falls
Church, Virginia. General Dynamics, a market leader in mission-critical information systems and technologies; land and expeditionary combat systems,
armaments and munitions; shipbuilding and marine systems; and business aviation, employs approximately 81,100 people worldwide, with 2006
revenues of approximately $24 billion.
About AbsoluteSKY, Inc.
AbsoluteSKY, Inc. (Pink Sheets:ABSY) specializes in the design, development and implementation of Radio Frequency IDentification (RFID) technology
that provides real-time item-level inventory tracking for retail customers. Based in Montreal, Canada, the company's business model combines strategic,
creative and technical skills to deliver solutions that help its clients achieve their business objectives through the use of AbsoluteSKY's breakthrough
technology and extensive knowledge of their business operations. For more information visit: www.absolutesky.ca.
About Universal Surveillance Systems:
Universal Surveillance Systems provides innovative protection solutions to leading retailers and loss prevention professionals worldwide. Based in
Rancho Cucamonga, California, the company is a widely-recognized "Intelligent Security Solutions" company with a growing range of products that
includes electronic article surveillance tags, closed circuit television systems, digital video recorders and other loss prevention products. Visit the website
at www.universaleas.com.
AbsoluteSKY's Safe Harbor Statement
Except for any historic information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks
and uncertainties, which are subject to section 27A of the Securities Act of 1933 and section 21E of the Exchange Act of 1934, and are subject to safe
harbor created by these sections. Any statements that express or involve discussions with respect to predictions, beliefs, plans, projections, objectives,
goals, assumptions of future events or performances are not statements of historical fact and may be "forward looking statements." Forward looking
statements in this release may be identified through the use of such words as "expects," "anticipates," "estimates," "believes," or statements indicating
certain actions "may," "could," or "might" occur. Actual results, performance or achievements could differ materially from those anticipated in such
forward-looking statements, which involve numerous risks and uncertainties, including the Company's ability to market its products and services in a
competitive environment as well as other factors.
This news release was distributed by PrimeNewswire, www.primenewswire.com
SOURCE: AbsoluteSKY, Inc.
Lynx Consulting Group
1-866-210-4671
AbsoluteSKY, Inc.
Investor Relations
[phone] Ext. 4007
[e-mail]
Related Quotes
Symbol Last Chg
ABSY Trade 0.175 0.00
GD Trade 80.56 +1.11
Real time quote.
E*TRADE FINANCIAL - Quotes & Research Page 1 of 2
https://www.etrade.wallst.com/v1/stocks/news/news_story.asp?docKey=100-151u0515-1... 5/31/2007