Nanotechnology Now - Press Release: "MSGI Announces Formation of Nanobeak Subsidiary as Holding Company for NASA Technology "

Home > Press > MSGI Announces Formation of Nanobeak Subsidiary as Holding Company for NASA Technology

Abstract:
MSGI Security Solutions Inc. (OTCBB: MSGI) today reported that the Company has formed its first subsidiary for NASA based technology. Nanobeak Inc. is a nanotechnology company focused on carbon based chemical sensing for gas and organic vapor detection - effectively electronic sniffing.

MSGI Announces Formation of Nanobeak Subsidiary as Holding Company for NASA Technology

New York, NY | Posted on August 19th, 2009

NASA developed the Nano Chemical Sensors for space missions to increase scientific measurement capabilities with less mass and lower power requirements. The potential space and terrestrial applications include cabin air monitoring onboard the Space Shuttle, surveillance of global weather, forest fire monitoring, radiation detection, and various other mission critical capabilities.

This technology was developed at the NASA Ames Research Center located in Moffet Field, California. The commercial applications of these Nano Chemical Sensors relate specifically to Homeland Security and Defense, Medical Diagnoses, Environmental Monitoring and Process Control. Nanobeak will offer products in each of these sectors beginning this year.

Jeremy Barbera, Chairman and CEO of MSGI commented; "Nanobeak is our "alpha" subsidiary - the first of several majority owned subsidiaries, each of which will hold the rights to a specific technology and also serve as the vehicle for investment capital. NASA and MSGI will issue a joint-release to elaborate on the first such breakthrough in technology that is nearing prototype stage. This new invention will be launched in the Medical Diagnoses field and will be marketed to the drug and pharmaceutical industries."

The information contained in this news release, other than historical information, consists of forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. These statements may involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors, including general economic conditions, spending levels and other factors could cause actual results to differ materially from the Company's expectations.

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About MSGI Security Solutions
MSGI Security Solutions, Inc. is a leading international provider of proprietary solutions to commercial and government organizations. MSGI is developing a combination of innovative emerging businesses that leverage information and technology. The Company is headquartered in New York City where it serves the needs of counter-terrorism, public safety, and law enforcement. More information on MSGI is available on the company's website at www.msgisecurity.com. MSGI is a significant stakeholder in Current Technology Corporation.

For more information, please click here

Contacts:
MSGI
Jeremy Barbera
516-524-2190

NASA
Ames Research Center
Dr. Raj Shea
650-604-0871

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