MoneyFlow Systems International Inc. Subsidiary Completes Installation of Digital Surveillance System at Calgary Airport Hangar
2004-03-04 09:15 ET - News Release
CALGARY, AB -- (MARKET WIRE) -- 03/04/04
MONEYFLOW SYSTEMS INTERNATIONAL INC. (OTC.BB: MNYF) today announced that it has completed installation of one of its "REMOTE ACCESS DIGITAL VIDEO SURVEILLANCE SYSTEMS" at the Calgary Alberta Canada, operational and hangar facilities of Kenn Borek Air. The system consists of a digital video recorder and a multiple indoor and outdoor camera application. The system is used to provide security surveillance in and around the hangar and operations. Kenn Borek Air became famous when it was commissioned to rescue ailing scientists from the South Pole on two separate occasions over the last couple of years. The dramatic rescues were carried out successfully and received international news coverage. More installations in other locations are imminent.
The System provides the latest technology to remotely access high quality video images of your home or business, from anywhere in the world with access to the internet. Customers for this new technology are premises and properties of retail and commercial businesses; homes; industrial, government and educational facilities. Video images of a crime can be immediately transmitted to police. In addition to standard monitoring, the System can be programmed to notice irregularities and automatically zoom in on a situation to provide identification. The market in North America is in the billions of dollars annually. This product line enhances our market reach by greatly expanding the categories of types of clients available to us. It is expected that the new technology will provide a significant increase in sales in 2004 and beyond.
"Change creates opportunity, and the world has changed since 01/9/11. We believe the worldwide concern for personal and business safety provides the ideal environment to launch this new product line. This new business segment is growing rapidly as private and government organizations transition from less effective videotape based surveillance systems. The same clients who enjoy our electronic financial transaction products and services are natural prospects for the new Remote Access Digital Surveillance Systems. Businesses that utilize deterrent technologies like our digital video surveillance have lower overall break in, vandalism and inventory and cash shrinkage and provide a safer environment for employees. This installation is one of many to come that will lead our sales growth for 2004," stated Hal Schultz, President and CEO.
MoneyFlow Systems International Inc. is a Nevada corporation. CA$H STATION® is the Company's registered trademark. Through its wholly owned Canadian subsidiaries, Security Bancorp Inc., (SBI) and Intercash POS Systems Ltd., its business is to supply, install, maintain and manage electronic funds transfer (EFT) terminals, e.g. Automated Teller Machines (ATMs) and Point of Sale (POS) Terminals, to facilitate the convenient dispensing of cash, purchase payment systems and other services to merchants and consumers. In addition, the Company has developed manufactures and sells its "Remote Access Digital Video Recorder" the heart of its surveillance systems. Users of the surveillance systems may view their location live, anytime from anywhere there is internet access.
The Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this news release include certain predictions and projections that may be considered forward-looking statements under securities law. These statements involve a number of important risks and uncertainties that could cause actual results to differ materially including, but not limited to, the performance of joint venture partners, as well as other economic, competitive and technological factors involving the Company's operations, markets, services, products and prices.
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MoneyFlow Systems International Inc.