Bulldog Technologies to Proceed with Development of Enhanced Cargo Container Security Device; New Management Team Makes Strategic Decision to Utilize Enhanced Technology for RoadBOSS(TM) Product.RICHMOND, British Columbia This page is for the city of Richmond, British Columbia. For the federal electoral district in this locality see Richmond (electoral district); for the provincial electoral district see Richmond (provincial electoral district). -- Bulldog bulldog, breed of thick-set nonsporting dog developed in the British Isles many centuries ago. It stands from 13 to 15 in. (33–38.1 cm) high at the shoulder and weighs from 40 to 50 lb (18.1–22.7 kg). Technologies Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). .BB: BLLD BLLD British Library Lending Division (UK) BLLD Bit-Linear Linear Dispersion ), a provider of wireless solutions and sensor networks A low-speed industrial network that is used to connect sensors to actuators. A sensor network implies limited or no controller functions. Multiple sensor networks may be coupled to form device networks. See industrial control network. to monitor, track and secure assets for cargo and global supply chain security, today announced that as a result of its field testing of the RoadBOSS(TM) in Ecuador Ecuador (ĕk`wədôr) [Span., = equator], officially Republic of Ecuador, republic (2005 est. pop. 13,364,000), 109,483 sq mi (283,561 sq km), W South America. , the new management team has made a strategic decision to delay further commercial testing and deployment of the current RoadBOSS(TM) system in order to complete the development and implementation of its internally developed, enhanced component technology to be integrated into a new version of the RoadBOSS(TM). The RoadBOSS(TM) is a proprietary electronic cargo-container security device developed by Bulldog Technologies for use in loss prevention, asset management, financial tracking and asset recovery. Mr. Paul Paul, 1901–64, king of the Hellenes (1947–64), brother and successor of George II. He married (1938) Princess Frederika of Brunswick. During Paul's reign Greece followed a pro-Western policy, and the Cyprus question was temporarily resolved. G. Harrington Harrington can refer to: Places in the United Kingdom:
Mr. Heetor Wald Wald , George 1906-1997. American biologist. He shared a 1967 Nobel Prize for research on the role of vitamin A in vision. , Chief Technical Officer, advised, "The Company's technical staff has always believed it possessed the in-house In-house In the context of general equities, keeping an activity within the firm. For example, rather than go to the marketplace and sell a security for a client to anyone, an attempt is made to find a buyer to complete the transaction with the firm. resources and talents to develop the necessary components to ensure the increased reliability and functional capabilities of our products. We believe the proper business strategy is to use our internal engineering resources to produce certain critical components which should enable us to react more quickly to technology issues, if any, which could arise during expanded testing and deployment of the RoadBOSS(TM) product. Our engineering staff has already invested significant time and resources in the development of the next generation of RoadBOSS(TM) and believes a commercially deployable product can be made available for commercial pilots by the end of November 2006." Mr. Harrington continued, "This strategic decision by the new management team does represent a major set-back in the overall commercial deployment schedule of the Road Boss(TM). However, it does represent an important change which should enable the Company to rely on its internal resources providing the Company with greater control over its own destiny Destiny goddess of destiny of mankind. [Gk. Myth.: Kravitz, 78] See : Fate with respect of product development, application and deployment. This decision provides Bulldog with an opportunity to introduce more reliable technology to meet the demands of our international network of distributors, agents, and VARs. However, our ability to execute on this new strategy is largely dependent upon our ability to raise additional funds to finance our continuing development and operational activities." Mr. Harrington further commented, "This strategic technical change has no affect on the deployment and sales of Bulldog's MiniBOSS(TM) and YardBOSS(TM) products which are in various stages of early commercial deployment with several customers. We believe these two products are currently reliable and ready for further commercial distribution and sales. While channeling our technical resources on the task of introducing a more technically enhanced and reliable RoadBOSS(TM) product, we will continue to focus our near-term sales opportunities with these two commercially viable products. We are also exploring distribution and sales opportunities with full-service, well established domestic security firms that can better market, distribute and provide monitoring support and response for our products. This too represents a significant strategic change for the Company as we move away from the previous strategy of direct sales and marketing, to that of an indirect channels distribution and sales organization. We believe this type of channels sales model has proven to be highly successful for other technology companies in the cellular and network industries, and we believe it is the right fit for Bulldog." About Bulldog Technologies Bulldog Technologies designs, develops, and manufactures its patented and FCC-certified wireless Online Security Solutions (BOSS(TM)) for supply-chain and other security and asset protection business applications. With an estimated $6 billion in reported cargo theft annually, Bulldog's BOSS(TM) products are designed to increase supply chain operational efficiency, security, and reduce and deter overall losses. The Company also has the ability to offer substantial assistance to corporations, governments and law enforcement agencies A law enforcement agency (LEA) is a term used to describe any agency which enforces the law. This may be a local or state police, federal agencies such as the Federal Bureau of Investigation (FBI) or the Drug Enforcement Administration (DEA). in maintaining the integrity and traceability of cargo and containers as they enter or exit sovereign territory, are processed and re-distributed to final destinations. For further details on the Company and its products, please visit the Company's website at www.bulldog-tech.com. Bulldog Technologies believes that this press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. as that term is defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Such forward-looking statements are subject to risks and uncertainties. Such statements are based on management's current expectations and are subject to facts that could cause results to differ materially from the forward-looking statements. For further information you are encouraged to review Bulldog's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-KSB for the period ended August 31, 2005, and Quarterly Reports on Form 10-QSB for the periods ended November 30, 2005, February 28, 2006 and May 31, 2006. The Company assumes no obligation to update the information contained in this press release. |
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