Abbotsford, BC / ACCESSWIRE / January 29, 2015 / Gatekeeper Systems Inc. ("Gatekeeper" or the "Company") (TSX.V: GSI) announces that the Company has received notice from Fort Worth Independent School District ("Fort Worth ISD"), located in Texas, USA, that they have elected to reject all bids in connection with the recently completed Request for Competitive Sealed Proposals for mobile digital video systems (the "RFCSP"). As disclosed on January 20, 2015, the Company was previously issued a Notice of Award to outfit Fort Worth ISD's fleet with Gatekeeper's mobile digital video recording systems pursuant to the RFCSP. Fort Worth ISD has advised the Company that it received protests over the Notice of Award and has therefore elected to reject all bids and advertise for a new solicitation for Mobile Digital Video Systems within the next month.
The Company is reviewing its options with the assistance of legal counsel. Further information will be provided to shareholders once available and as appropriate.
About Gatekeeper Systems Inc.
Founded in 1997, Gatekeeper Systems is a leading provider of high-resolution video security and safety systems for mobile applications. Our industry-leading Incident Management Software synchronizes real-time video, mapping, audio and vehicle sensors to create a total picture of operations. With these technologies, clients can detect, analyze and respond to safety and security threats anytime.
The Company is organized into two divisions:
Gatekeeper(R) mobile video division gives school bus managers tools to see 360 degrees in and around school buses and ensure the safety of the children they transport. These tools include multiple high-resolution color cameras that enhance safety inside the bus, and the Student Protector(TM) infrared license plate reading system. The Student Protector records the license plates of potentially deadly stop arm violators and issues tickets or citations for revenue sharing with the school district, county and Company. Gatekeeper's transit bus surveillance system records up to 16 cameras in high resolution, allowing transit managers to view video live from buses or record evidence from all cameras.
Deep Development Corp. focuses on law enforcement, military and department homeland security markets. Brands XFORCE(TM) in-car video systems and body cameras are sold to law enforcement and police markets. The Viperfish(R) digital recorders are used in maritime and airborne applications including recording forward looking infrared and radar sensors on the AC-130 Gunships. Deep Development's video management software assists its customers in management of video recorded in mission critical operations.
For more information visit: www.gatekeeper-systems.com.
On behalf of the Board,
"Douglas Dyment"
President & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements: This release includes certain statements and information that may contain forward-looking information within the meaning of applicable Canadian securities laws or forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. All statements in this news release, other than statements of historical facts, including statements regarding future estimates, plans, objectives, assumptions or expectations of future performance are forward-looking statements and contain forward-looking information. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company does not undertake to update any forward-looking statements or forward-looking information that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbour.
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SOURCE: Gatekeeper Systems Inc.