ROCKVILLE, MD, August 3, 2010 – GateKeeper USA, Inc. (Pink Sheets: GTKP), announced today that it has successfully completed a Proof of Concept (POC) Demonstration of various components to be included in the Container Automated Monitoring System (CAMS®). The POC Demonstration was conducted as a filed test, as requested by Phoenix Partners, LLC (Phoenix).
“We are by nature careful when evaluating any new technology. We are equally selective about the quality of the mandates that we undertake. With this in mind, I lead our due diligence efforts on behalf of Phoenix. The POC met specific criteria as set forth by the Department of Homeland Security (DHS) with respect to container security. GateKeeper met both the DHS criteria, and our expectations by demonstrating functionality surpassing them each three fold,” stated Lee Davis, Managing Director of Phoenix Partners LLC.
The POC was conducted in Ft. Lauderdale, Florida under the auspices of Phoenix, a member of Florida’s First Responder Community, as well as other members of the Investment Banking community.
“This singular event, in a beta configuration, demonstrates that the current 2012 mandate as set forth within the Container Security Initiative (CSI) and the provision in the 9/11 bill that mandated DHS require foreign seaports to scan 100 percent of U.S. containers for radiation and density is now within our grasp,” stated John Leontakianakos, Senior Vice President of GateKeeper USA.
In essence the POC demonstrated and exceeded criteria set forth by The Department of Homeland Security (DHS), under the original Broad Agency Announcement issued by the HSARPA for an Advanced Container Security Device, (ACSD) among others.
“As Mr. Davis stated, the demo not only met, but exceeded provisions as mandated in the 9/11 bill for seaport security as well as Secure Freight Initiative (SFI) under Customs and Border Protection (CBP) which manages the Container Security Initiative (CSI). We are very pleased to have the opportunity to demonstrate our team’s capabilities, are very satisfied with the results and look forward to bringing CAMS® to market. For and on behalf of our technology partner CSL, Ltd., wish to thank those who participated
and were in attendance,” stated Mr. Leontakianakos
About GateKeeper USA, Inc.
GateKeeper USA, located in Rockville, Maryland, is engaged in the maritime container industry as it relates to container security and protection from potential terrorist attacks. The initial focus of the company is the deployment of a proprietary shipping container security device known as the GateKeeper Container Automated Monitoring System (CAMS). The Company has employed proprietary detection and identification technologies. The technologies to being utilized by the Company provide rapid, automatic and specific real-time analysis, identification and quantification of the chemical, biological and radio active compounds whether in liquid, solid or gaseous states. For more information, visit our website at www.GateKeeperUSAInc.com.
About Phoenix Partners LLC
Headquartered in Los Angeles, CA with additional offices in Chicago, New York and Lausanne, Phoenix Partners LLC is a investment banking firm that was founded in 1992 that provides advisory services to middle market companies in merger and acquisitions (buy and sell-side), corporate finance (equity and debt) and corporate and business development advisory serving a diverse base of clients around the globe in many core industries and verticals including but not limited to transportation, financial services, food and beverage, apparel, entertainment and health care.
Phoenix Partner LLC
12218 Montana Avenue Suite 400
Los Angeles, California USA
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and as such, may involve risks and uncertainties. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations, are generally identifiable by the use of words such as “believe,” “expect,” “intend,” “anticipate,” “estimate,” “project,” or similar expressions. These forward-looking statements relate to, among other things, expectations of the business environment in which the Company operates, projections of future performance, potential future performance, perceived opportunities in the market, and statements regarding the Company’s mission and vision. The Company’s actual results, performance, and achievements may differ materially from the results, performance, and achievements expressed or implied in such forward-looking statements due to a wide range of factors.