INTEGRATED SECURITY SYSTEMS, INC. ANNOUNCES
MERGER COMBING TALENTS OF TWO ACCESS AND PERIMETER PROTECTION COMPANIES
TO CREATE INDUSTRY’S LARGEST SUPPLIER
September 8, 2003 – Irving, TX – Integrated Security Systems,
Inc. (ISSI), (OTCBB Symbol: IZZI) announced today the merger of its
subsidiary, B&B Electromatic, Inc., a leading provider of safety traffic
control systems and security gates, and ARMR Services Corporation
(ARMR), a primary supplier of high security crash rated barriers and
parking control equipment, into one entity establishing the industry’s
largest provider of access and perimeter protection. The new company
will operate under the name B&B ARMR Corporation.
The terms of the merger consist largely of the common stock of ISSI for
the families of Paul Roland and Scott Rosenbloom, the principals of
ARMR.
“We are extremely excited about this new chapter of ISSI. ARMR Services
Corporation is well known for providing innovative and high quality
products,” Peter Beare, Chairman and CEO, of B&B ARMR Corp, said. “The
combination of these two companies forms a very strong base from which
to build a world class company.”
The merger supports both companies’ overall strategy of engineering
superior, durable perimeter protection products and backing them with a
robust set of value-added services.
“This merger results in a perfect blend of talents within the perimeter
security industry that will allow us to expand our product lines with
even more value-added services,” Paul Roland, ARMR President and now
President and COO of B&B ARMR, said. “The new organization will also
give us the opportunity to leverage the wide array of marketing,
engineering and industry expertise so we may further enhance our market
position.”
The collaborative effort will combine a vast range of products and
solutions enabling B&B ARMR to provide its customers with best of breed
solutions for access and perimeter protection. C.A. Rundell, Jr.,
Chairman and CEO, Integrated Security Systems, Inc., said. ”This
represents tremendous opportunity for exciting growth. It will take
several quarters for us to see our financial results reflect our full
potential while we integrate and build the platform for growth.”
About B&B ARMR Corporation
B&B ARMR Corporation engineers and manufactures high security crash
rated barriers and parking control equipment for commercial and
institutional use throughout the world. B&B ARMR offers turn key
installation services for its security and control products and supplies
parts and services for vehicle barriers manufactured by other companies.
The company’s roots can be traced to 1925, and they assert a high
profile customer list that includes the Pentagon, San Diego Naval
Station, G.E. Headquarters, Hertz, FDA, FAA Headquarters, Department of
State and several foreign embassies. For additional information, please
visit www.bb-armr.com.
About Integrated Security Systems, Inc. (ISSI)
Headquartered in Irving, Texas, ISSI is a technology company that
designs, develops and markets safety equipment and security software to
the commercial, industrial and governmental marketplaces. ISSI is a
leading provider of traffic control and safety systems within the road
and bridge and perimeter security gate industries. ISSI designs,
manufactures and distributes warning gates, crash barriers
(anti-terrorist and traffic control barriers), lane changers, airport
and navigational lighting and perimeter security gates and operators.
ISSI’s Intelli-Site® provides users with a software solution that
integrates existing subsystems from multiple vendors without incurring
the additional costs associated with upgrades or replacement. Intelli-Site®
features a user-defined graphics interface that controls various
security devices within one or multiple facilities. ISSI conducts its
design, development, manufacturing and distribution activities through
two wholly owned subsidiaries: BB ARMR Corporation and Intelli-Site,
Inc. For more information, please visit www.integratedsecurity.com,
www.bb-armr.com or www.intelli-site.com.
This information contains certain forward-looking statements. It is
important to note that ISSI's actual results could differ materially
from those projected by such forward-looking statements. Important
factors that could cause actual results to differ materially from those
projected in the forward-looking statements include, but are not limited
to, the following: operations may not improve as projected, new products
may not be accepted by the marketplace as anticipated, or new products
may take longer to develop than anticipated.