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Bio-Tracking Security Systems Inc. Announces the Nomination of a New Chairman, President and CEO.


MONTREAL, Quebec -- Bio-Tracking Security Systems, Inc., (NASD NASD

See: National Association of Securities Dealers


NASD

See National Association of Securities Dealers (NASD).
 OTC Bulletin Board OTC Bulletin Board

An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system.
: BTSI BTSI Brake Transmission Shift Interlock (automotive) ), a designer and manufacturer of vehicle asset tracking and security systems, is pleased to announce that it has retained the services of Mr. Angelo Martelli to assume the role of President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of the Company.

Mr. Martelli will replace Mr. Jean-Francois Amyot, as President and CEO, and Mr. Amyot will remain on the board of directors as Chairman in the interim, providing the time necessary for Mr. Martelli to familiarize himself with current files and focus on building his management team and plan. Mr. Amyot had accepted an interim role in order to put the corporation back on track and work towards the objective of finding a profitable business model for the corporation thereby creating value for its shareholders. Mr. Martelli's mandate will be to continue the work initiated by Mr. Amyot and his nomination is effective immediately.

"We have established a limited number of objectives that we wish to achieve over the course of the next few days. The first objective will be to begin searching for a management team capable of handling a transition to a merger and acquisition mode of operation" stated Mr. Martelli.

Mr. Martelli is a partner at DS Bancorp, an Investment Banking firm located within Montreal's international financial district. Mr. Martelli is a Chartered Accountant char·tered accountant
n. Chiefly British Abbr. CA
A member of one of the institutes of accountants granted a royal charter.
 with extensive experience within the areas of business process improvement, investment analysis, audit and accounting.

About Bio-Tracking Security Systems, Inc.

Bio-Tracking Security Systems Inc. of Montreal Of Montreal is an American indie pop band formed in Athens, Georgia, fronted by Kevin Barnes. It was among the second wave of groups to emerge from The Elephant 6 Recording Company. , Quebec, designs and manufactures vehicle asset tracking and security systems, based on patent pending, Inertial Navigation Noun 1. inertial navigation - a method of controlling the flight of a missile by devices that respond to inertial forces
inertial guidance

steering, guidance, direction - the act of setting and holding a course; "a new council was installed under the
, Biometric Fingerprint Identification and Spread Spectrum Communication technologies.

The Bio-Tracking Security's proprietary technology precisely determines if a person is an authorized user authorized user Radiation physics A person who, having satisfied the applicable training and experience requirements, is granted authority to order radioactive material and accepts responsibility for its safe receipt, storage, use, transfer and disposal  of a vehicle or any other piece of equipment protected by Bio-Tracking. Our proprietary Biometric Fingerprint ID is a technology unmatched and amazingly reliable.

Important Information About Forward-Looking Statements

All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates", "believes", "could", "expects", "intends", "may", "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.

A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price Trading price

The price at which a security is currently selling.
 and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.
COPYRIGHT 2004 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Oct 29, 2004
Words:497
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