ALL-Q-TELL Corporation and Stealth Monitoring Inc. Announce Strategic Relationship
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ALL-Q-TELL Corporation (ALLQ: OTC/Pink Sheets) and Stealth Monitoring Inc. ("Stealth" which is privately held) today announced that they have entered into a strategic relationship whereby the two companies will cooperate by pooling their capabilities and expertise in certain areas where their interests converge.
- (1888PressRelease) January 22, 2011 - DALLAS - Stealth's CEO, Norm Charney, stated: "Stealth Monitoring and ALL-Q-TELL have held talks regarding a possible investment by ALL-Q-TELL in Stealth to expand the infrastructure and bandwidth and open additional market locations. As a result of these discussions, we have developed a great respect for the depth of ALL-Q-TELL's extraordinary experiences, knowledge, contacts and relationships in the fields of security and intelligence. I am therefore excited to formally announce the first step in what I hope will be a long-term, synergistic relationship."
ALL-Q-TELL's Chairman and President, Don Hodge, commented: "As both companies are managed conservatively --- as should be expected of entities involved in security and intelligence --- we have jointly decided to begin our collaboration cautiously by sharing select expertise in limited areas in order to make sure that our corporate cultures will mesh. I am hopeful that that will indeed be the case."
ALL-Q-TELL's Chief Operating Officer, David Dafinoiu, added: "Norm Charney is an experienced and successful entrepreneur and a highly regarded innovator in the security field. I look forward to working with him as ALLQ and Stealth follow through on the strategic relationship that we are officially announcing today."
Stealth Monitoring Inc. uses advanced video analytical technology to offer LIVE real time video monitoring managed services. The interaction of human intelligence and advanced technology allows Stealth Monitoring to proactively monitor some crimes before they happen because its' trained operators, some of which are retired police officers, search for "unusual patterns and events." Stealth Monitoring also installs and services advanced surveillance systems and access control solutions and can provide the technology backbone for managed video control centers. Today Stealth has built the surveillance expertise and robust technology platform with best of breed software to proactively live monitor over 1,500 cameras for hundreds of commercial and government clients. Stealth is seeking growth capital to raise the number of monitored cameras to over 10,000 cameras distributed through company owned, national, video technology control centers.
ALL-Q-TELL Corporation (ALLQ: OTC/Pink Sheets) is a development stage company that intends to become one of the preeminent security and intelligence services providers in the world.
"Safe Harbor" Statement
Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company (ALLQ) intends that such statements about the Company's future expectations, including future revenues and earnings, technology efficacy and all other forward-looking statements be subject to the Safe Harbors created thereby. The Company is a development stage firm that continues to be dependent upon outside capital to sustain its existence. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.
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