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Las Vegas, NV (September 24, 2007) – Access control leader Sielox announces that the merger agreement between Dynabazaar, Inc. and Sielox’s parent company, L Q Corporation Inc., became effective July 31, 2007. Immediately following the merger the name of the parent company was changed to Sielox, Inc.
"The combination of these companies yields significant benefits in a number of ways. Most significant is the combination of the operating units Sielox Access Control Solutions and Costar Video Systems which we believe will create a number of synergies and new business opportunities in both the private and public sectors,” said Sam Cassetta, President and Chief Executive Officer of the newly formed Sielox, Inc. “In addition, the merger of these business units will result in higher efficiencies through the development of a stronger enterprise infrastructure with greater collective resources at their disposal."
Mr. Cassetta also cited a number of additional anticipated benefits resulting from the formation of Sielox, Inc. including: the expansion of cross-over product lines from Sielox Access Control Products and Costar Video Products; the development of a new sales channel strategy that capitalizes on the established strengths of both business units; and the development of integrated security solutions incorporating leading edge access control solutions from Sielox and Costar’s renowned line of video surveillance products.
Sielox offers advanced integrated solutions encompassing a wide assortment of physical security systems and technologies. Their Pinnacle™ access control software solution is widely recognized throughout the security industry. Additional product offerings include proximity cards and devices, readers and 32-bit controllers designed for professional physical security applications. Costar offers a wide selection of video surveillance equipment including PTZ dome systems, fixed cameras, monitors, processing devices, and analog and digital recorders for general purpose applications.
About Sielox, Inc. (OTCBB: SLXN)
Sielox, Inc. markets physical security and critical strategic security solutions through its subsidiaries which are Sielox, LLC (Sielox™), SES Resources International Inc., and Costar Video Systems, Inc. Sielox™ product offerings include the Pinnacle™ access control software solution, proximity cards and devices, readers and 32-bit controllers designed for professional physical security applications. SES offers a wide range of professional services ranging from corporate asset protection, regulatory compliance and standards compliance to emergency preparedness and contingency planning. Costar offers a wide selection of video surveillance equipment including PTZ dome systems, fixed cameras, monitors, processing devices, and analog and digital recorders for general purpose applications.
Investor Relations Contact: Mel Brunt, Sielox, Inc., 856-861-4579
EDITORS’ NOTE: Copy and photo files are available upon request by emailing Sara Greenberg at LRG Marketing Communications sgreenberg@lrgmarketing.com.
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