INTEGRATED
SECURITY SYSTEMS, INC.ANNOUNCES NEW FUNDING
AND SIGNIFICANT ORDER
Irving, Texas – December 19, 2005 – Integrated
Security Systems, Inc. (OTCBB Symbol: IZZI) today announced
$1.5 million of additional funding in the form of three-year,
8% subordinated convertible debentures with a conversion
price of $0.25 per share. This funding came from entities
managed by RENN (“RENN”) Capital Group, Inc.
that are majority stockholders in the company today. Russell
Cleveland, President of RENN stated, “We believe the
company is moving ahead in important new product areas.”
RENN has also signed an agreement to purchase over 9 million
shares of the common stock of the company from two existing
holders.
The company also announced an order for its B&B Roadway
operation in the amount of approximately $450,000 for the
State of Florida for gates that will enhance the traffic
flow on the Leroy Selman Expressway in Hillsborough County. This
will enhance traffic flow under normal circumstances and
will aid evacuation in the event of hurricanes or other disasters. Lynn
Causey, President of B&B Roadway said, “We are
glad to be working with Florida on this program and believe
there is follow-on potential.”
About ISSI
Headquartered in Irving, Texas, ISSI is a technology company
that provides products and services for homeland security
needs. ISSI also designs, develops and markets safety
equipment and security software to the commercial, industrial
and governmental marketplaces. 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 is
a leading provider of anti-terrorist barriers, traffic control
and safety systems within the road and bridge and perimeter
security gate industries. ISSI designs, manufactures
and distributes warning gates, lane changers, airport and
navigational lighting and perimeter security gates and operators. ISSI
conducts its design, development, manufacturing and distribution
activities through three wholly owned subsidiaries: B&B
ARMR, Intelli-Site, Inc. and DoorTek Corporation. For
more information, please visit www.integratedsecurity.com, www.bb-armr.comwww.intelli-site.com,
or www.doortek.com.
About B&B Roadway
B&B Roadway is a 65% owned joint venture of B&B ARMR. This
operation has a seventy-five-year history of providing gates
and barriers to the State Departments of Transportation. For
additional information, please visit www.roadwaymfg.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.