Security Intelligence Technologies, Inc. Signs New Licensee with 3-Year Agreement Valued at 1.5 Million.

Business Editors

NEW YORK--(BUSINESS WIRE)--Nov. 17, 2003

Security Intelligence Technologies, Inc., (OTCBB:SITG) today announced it has signed a three-year distribution agreement with a prominent private European government consulting company who are now licensed to sell its counterterrorism, surveillance, counter-surveillance and security products exclusively in Serbia.

Per the three-year distribution agreement, the distributor paid an up front fee of $150,000 and is obligated to make minimum annual purchases of $500,000 per year, totaling $1,500,000. In return for the upfront fee, the distributor receives a 10% discount on their first $1,500,000 worth of purchase orders.

This is twelfth distributor agreement signed by SITG in the past year. "Our licensee program assists in the further development of the emerging European market and continually expands our product line internationally," stated Ben Jamil, Chief Executive Officer of SITG. "Through our distributors we are able to reach a global market for our proprietary security products and services.

The distributor's first order includes such proprietary products as the VIP-16 Bomb Jammer, a portable radio frequency detection and jamming system used in counter terrorism and bomb prevention, The ECMSA -1300 Electronic Countermeasure Signal Analyzer that detects virtually all clandestine transmitters and the VL-6500 Non-Linear Junction Detector which electromagnetically detects the presence of semi-conductors, electronic components and most radio frequency transmissions.

About Security Intelligence Technologies, Inc.

Security Intelligence Technologies, Inc. designs, assembles, and markets various advanced proprietary security products used throughout the world by the general public, military, law enforcement and security personnel in both public and private sectors, as well as governmental agencies, multinational corporations and non-governmental organizations. SITG products include a broad range of proprietary, professional, branded law enforcement and consumer equipment such as covert audio and video intercept, electronic countermeasures, video, photo, and optical systems, radio communication, explosive contraband detection, armored vehicles and clothing, nuclear, biological and chemical masks and protective clothing, voice stress analysis lie detection and global positioning systems, used for tracking, locating and recovering vehicles and fleet management. SITG products are marketed under CCS International, Ltd., G-Com Technologies and The Counter Spy Shops of Mayfair, London(R) brand names and are sold primarily through a worldwide network of sales agents. SITG trained, multilingual and experienced security personnel work closely with clients to create and implement solutions to complex security problems. These services include security planning, advice and management, security systems integration, intellectual property asset protection, threat assessment, due diligence investigations and training and seminar programs in counterintelligence, countersurveillance and counterterrorism. SITG products and props can be seen in major motion pictures, including Silence of the Lambs, First Kid, Mission Impossible 1, Meet the Parents, Supertroopers, Bad Company and Spy, The Movie. SITG also co-brands its Night Vision Binoculars with Ford's Aston Martin, and donates products to International Spy Museum's exhibits.

Safe Harbor Statement

Statements in this press release and oral statements that may be made by the Company or by officers, directors or employees of the Company acting on the Company's behalf may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes," "expects," "intends," "may," "should," or "anticipates" to be uncertain forward-looking statements. The forward looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's reports and registration statements filed with the Securities and Exchange Commission. The material under "Risk Factors" and management's discussion and analysis of fiscal condition and results of operations are included in the company's Form 10-K for the fiscal year ended June 30, 2003. Information on SITG's corporate website is not a part of this press release. Due to the sensitive nature of their purchases, SITG does not disclose the identity of clients.

Analyst/Investor kits and store tours available upon request

For more information see SITG's websites at: www.spyzone.com, www.gcomtech.com and www.bombjammer.com