TUSTIN, Calif., Feb. 24, 2009 (GLOBE NEWSWIRE) -- Cal-Bay Controls, a subsidiary of In-Control Security, Inc., (Pink Sheets:INCL) has signed a Letter of Intent to enter into a distribution agreement with a privately owned California based manufacturer of Hydrogen Generator products for the new "green" energy industry. These products are designed for new or retrofit installations on commercial diesel engines, and provide both energy efficiency improvements and significant emissions reductions.
Robert J. Thompson, President of In-Control Security, Inc commented, "We are extremely satisfied with the signing of this Letter of Intent, which is the first step in our negotiations to acquire distribution rights of this patent-pending retrofit technology which has tremendous potential for use on diesel trucks, construction equipment, stationary combustion sources, marine engines, and many other applications. California is leading the nation in requiring reduced emissions from diesel engines, and we believe that the rest of the nation will soon follow with similar requirements, and we plan to be a leader in the development of new technology to meet these requirements."
The announcement of the company name of the manufacturer of this new technology must remain confidential under the terms of the NDA (non disclosure agreement) until all documentation is fully finalized. Additional news related to this Letter of Intent and the Company's growth plans will be released in the near future.
FORWARD-LOOKING SAFE HARBOR STATEMENT: To the extent that this release discusses any expectations concerning future plans, financial results or performance, such statements are forward-looking within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, and are subject to substantial risks and uncertainties. Actual results could differ materially from those anticipated in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof and reflect only management's belief and expectations based upon presently available information. These statements, and other forward-looking statements, are not guarantees of future performance and involve risks and uncertainties. The Company assumes no obligation to update any of the forward-looking statements in this release.