Intersecurity Holdings Corp. Completes Equity Purchase of SOB Kft.
March 01 2006 - 6:00AM
Business Wire
Intersecurity Holdings Corporation (OTCPK: IXSV) and SOB Kft., have
consummated the transaction between the two companies.
Intersecurity has purchased a 25% interest in SOB Kft in a share
exchange. "I am happy to inform our shareholders, that we did what
we set out to do, and officially have made our company's venture
into the Hungarian market" stated Mr. Simone, President of
Intersecurity Holdings Corp. Mr. Simone continued to state, "The
former Eastern European countries such as Hungary offer strategic
business opportunities in the security sector. The upgrading of
existing security infrastructure is being mandated by the EU
initiative. This will lead to more money being spent on both
R&D and on security projects. We are reviewing other
opportunities, but it is still too early to discuss. In the mean
time, will be making use of SOB Kft. network and clientele to
further its business initiative." For additional information please
contact Equitable Research (USA) at +1 (954) 281-8266 or visit
www.ixsv.com. About SOB Kft.: SOB Kft. is a management company in
Hungary which amongst its businesses supplies facility management
and security services to both large and small international and
local corporations with a presence in Hungary. Amongst its
clientele are the large industrial complexes, such as SPI, JIT,
Urban Market Project, Marche Lorinc, Litliner Kft., M5 Logisztika
Kft. and Immo-Laurent Kft. Safe Harbor Statement: This press
release may contain forward looking statements. The words
'estimate', 'possible' and 'seeking' and similar expressions
identify forward-looking statements, whether because of new
information, future events, or otherwise. Forward-looking
statements are inherently subject to risks and uncertainties, some
of which cannot be predicted, or quantified. Future events and
actual results could differ materially from those set forth in,
contemplated by, or underlying the forward-looking statements. The
risks and uncertainties to which forward looking statements are
subject include, but are not limited to, the effect of government
regulation, competition and other material risks.
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