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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.