Vault Technology, Inc. Announces Expansion Into Audiovisual System Integration and Technology Solutions
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FORT LAUDERDALE, FL, Sep 09 (MARKET WIRE) --
Vault Technology, Inc. (OTCBB: VULT) today announced its plans to focus
resources on the audiovisual system integration and technology solutions
market segments.
As the company reported in its 8-K filing in April of this year, the
purpose of the corporate name change was to make the company's name more
generic to reflect the possibility of future business opportunities. After
months of research, the company has decided to deploy additional resources
into the acquisition of operating entities that deliver products and
services related to audiovisual systems integration, home theater systems
and digital media.
"There is a growing need for communication and collaboration solutions in
today's complex business environment," said Nick Arroyo, President and CEO
of Vault Technology. He added, "There is a great opportunity to
consolidate small to medium sized businesses in this expanding and
profitable market segment and we expect to announce the results of our
efforts in the near future."
According to a 2007 study conducted by InfoComm International Association
(ICIA), the size of the North American audiovisual market is estimated at
$25 billion. Revenues for audiovisual companies serving the North American
market are expected to grow by 11% from 2008 to 2009, which was the fourth
consecutive year that significant growth was projected for the audiovisual
industry. The growth of the industry is being largely driven by
audiovisual technology's ability to provide the business tools needed for
day-to-day activities, enhanced communication between internal and
external audiences, increased efficiency, creation of a more effective
learning environment, saved time and money through increased
efficiencies, and higher costs for business travel.
About Vault Technology, Inc.
Vault Technology, Inc. is a resource exploration and development company
focusing on its uranium project in the Wollaston domain of North Eastern
Saskatchewan, Canada. In addition, Vault is exploring other opportunities
in the products and services arena related to audiovisual systems
integration, home theater systems and digital media. Vault is actively
engaged in the development of breakthrough strategies for the next
generation of enterprise system solutions.
Safe Harbor Statement
This release contains forward-looking statements, which are made pursuant
to the safe harbor provisions of the U.S. Private Securities Litigation
Reform Act of 1995. Forward-looking statements are commonly identified by
words such as "would," "may," "will," "expects," and other terms with
similar meaning. Forward-looking statements are based on current beliefs,
assumptions and expectations and speak only as of the date of this release
and involve risks and uncertainties that could cause actual results to
differ materially from current expectations. We assume no obligation to
update or revise any forward-looking statement, whether as a result of new
information, future events or any other reason.
If you would like additional information on Vault Technology, Inc. please
contact us at:
Vault Technology, Inc.
4901 NW 17th Way, Suite 405
Ft. Lauderdale, Fl 33309
Phone: 954-492-9200
Fax: 954-492-9639
Email contact: Email Contact
Website: www.vaulttechnology.com
Copyright 2008, Market Wire, All rights reserved.
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