"We are very excited that the transition from our old name and identity is now complete, and we can start to formally reposition our Company under the new brand name of Nexicon," said Richard Urrea, Chief Executive Officer. "After the divestiture of our former B2C company in 2003, we have laid the foundation for our new business model, offering all-in-one or issue-specific B2B management solutions for the billing, network control, and security industries. The acquisition of two technology companies -- Pluto Communications and Orion Security Systems -- has given us a strong position to play a leading role in these multibillion-dollar markets and we are already starting to see the fruits of our labor. Both government institutions and corporate clients have already signaled their strong interest in our products and we are looking to the future with confidence and optimism."
As part of the re-branding effort, Nexicon has also officially renamed its subsidiaries Pluto Communications AS of Lysaker, Norway, to now be Nexicon Billing Systems, and Orion Security Systems Inc. of McLean, Va., to now be Nexicon Security Solutions. The two branches are synergistically linked as ComSecure, one of Nexicon Security Solutions' key products, based on Nexicon Billing's core data extraction engine.
Nexicon Billing Systems offers integrated, next-generation billing solutions to a broad European client base and is currently preparing its market entry in the United States.
ComSecure and SatSecure, Nexicon Security Solutions' key products, provide a new breed of scalable IP network control and video surveillance solutions both of which are currently in a final test stage pilot program by the U.S. Department of Defense and the Department of Homeland Security.
Nexicon offers all-in-one or issue-specific management solutions for network control, cyber security, operational support systems, and billing systems, enhancing clients' capabilities to provide information services and energy utilities more efficiently and more securely to a broader base of consumers. Nexicon is headquartered in Albuquerque, near the Los Alamos, White Sands, and Sandia National Labs.
Nexicon's wholly-owned subsidiary Nexicon Billing Systems, formerly Pluto Communications International AS, based in Lysaker, is a leading supplier of infrastructure software supporting the delivery of services over advanced networks ranging from fixed wireline and mobile telephony; cable, satellite, and digital TV; internet; and energy utilities. Its CHARON solution, a next-generation platform, combines network management modules for integration, provisioning, invoicing, and maintenance of end-users, all via a convergent interface. Nexicon's integrated billing systems enable service providers to innovate, streamline, and position for growth, while maintaining a cohesive, efficient billing and customer service management system. Service providers can thus offer their subscribers faster and higher quality service. With easy installation, low infrastructure costs, and value-added service, Nexicon Billing Systems solutions have been nominated for the World Billing Award under their former name of Pluto Communications Inc.
Nexicon's wholly-owned subsidiary Nexicon Security Solutions, formerly Orion Security Services, Inc. (OSSI), based in McLean, ComSecure provides a new breed of scalable IP network control and management solution. With military and government uses as well as commercial applications SatSecure Video Surveillance System, a versatile and compact briefcase-sized video surveillance solution activated by motion detection of user-specified events, enables mobile, real-time, event-triggered, high-quality video capture and transmission in limited bandwidth environments, providing both manned and unmanned surveillance and reconnaissance for corporate and homeland security.
Statements made in this press release, other than those concerning historical information, should be considered forward-looking and subject to various risks and uncertainties. Such forward-looking statements are made based on management's belief as well as assumptions made by, and information currently available to, management pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from the results anticipated in these forward-looking statements as a result of a variety of factors, including those identified in Nexicon, Inc. Information Statement Filing and its Annual Report on form 10-KSB for the year ended December 31, 2003, and its Quarterly Report on Form 10-QSB for the three months ended September 30, 2004; June 30, 2004; and March 31, 2004; as filed with the Securities and Exchange Commission.