4C Controls Announces Revised Agreement on Recapitalization Proposal for BQT Solutions

NEW YORK--(Business Wire)--
4C Controls Inc. (OTCBB: FOUR.OB) today announced that it has
reached a revised agreement with BQT Solutions Limited (ASX: BQT) for
recapitalization of BQT Solutions and BQT Satellites Limited. Both
parties had previously announced on March 3, 2008 that they had
entered into a strategic alliance and agreed to a financing package
for BQT Solutions.

The revised agreement continues the 4C Controls subscription for
20,000,000 ordinary shares of BQT Solutions at an issue price of $0.20
per share, for investment of Australian dollars (AUD) $4 million of
which AUD$1 million was previously delivered by 4C Controls.

4C Controls has also agreed to a recapitalization of BQT
Satellites Limited through an equity infusion of AUD $14 million. This
investment will result in 4C Controls holding 40% of the share capital
of BQT Satellites Limited with BQT Solutions holding 20% and financial
advisory firm Prime Asset Finance Limited holding 40%.

Under the revised agreement, BQT Solutions has determined that it
will now implement a new security development program directly rather
than through its subsidiary BQT Intelligent Security Systems Pty Ltd.

The aggregate value of the investments to be made by 4C Controls
in BQT Solutions and BQT Satellites under the revised agreement is
expected to be AUD$18 million. The closing of the transactions under
the revised agreement are subject to several conditions which must be
satisfied by BQT Solutions, including obtaining the approval of the
shareholders of BQT Solutions of a 7-to-1 reverse split of the
outstanding shares of BQT Solutions.

About 4C Controls

4C Controls intends to position itself through strategic alliances
at the forefront of international security, surveillance satellite and
access control technologies, and establish its ability to design,
manage and integrate state-of-the-art high technology security
solutions with comprehensive and fully integrated service offerings.

4C Controls anticipates acquiring technologies and large global
distribution networks primarily in the market sectors of (1)
electronic surveillance/global access control markets, including
biometric and closed-circuit television, and (2) low-orbit high
resolution satellites and satellite images. Rudana Investment Group
AG, the majority shareholder of 4C Controls Inc., has committed to
provide the funds necessary to complete the investment of 4C Controls
in BQT Solutions and BQT Satellites.

About BQT Solutions

BQT Solutions specialises in access control systems, biometric and
smart card readers, CCTV, cameras and customised developments for
selected clients. BQT Solutions' strategy is to diversify and expand
its activities in the security and surveillance technology sector. BQT
Solutions will focus on commercialising its SMAX access control system
and support sales of existing company technologies of biometrics,
smart card readers, CCTV cameras and customised solutions for selected
key clients.

About BQT Satellites

BQT Satellites will focus on design, building and operation of
small synthetic aperture radar (SAR) satellites dedicated for earth
observation and surveillance. BQT Satellites has finalized the
establishment of an Italian joint venture company with Politechnico di
Torino (Polito), one of the leading European technology scientific
research institutes and technology partners for the satellite project.

Forward-Looking Statements

This press release contains 'forward-looking statements' as
defined in the U.S. Private Securities Litigation Reform Act of 1995.
These forward-looking statements are based upon currently available
competitive, financial, and economic data and management's views and
assumptions regarding future events. Such forward-looking statements
are inherently uncertain. 4C Controls cannot provide assurances that
any prospective matters described in the press release will be
successfully completed or that it will realize the anticipated
benefits of any transactions. Actual results may differ materially
from those projected as a result of certain risks and uncertainties,
including but not limited to: global economic and market conditions;
the war on terrorism and the potential from war or other hostilities
in other parts of the world; availability of financing and lines of
credit; successful integration of acquired or merged businesses;
changes in interest rates; management's ability to forecast revenues
and control expenses, especially on a quarterly basis; unexpected
decline in revenues without a corresponding and timely slowdown in
expense growth; its ability to retain key management and employees;
intense competition and the ability to meet demand at competitive
prices and to continue to introduce new products and new versions of
existing products that keep pace with technological developments,
satisfy increasingly sophisticated customer requirements and achieve
market acceptance; relationships with significant suppliers and
customers; as well as other risks and uncertainties, including but not
limited to those detailed from time to time in the 4C Controls SEC
filings. 4C Controls undertakes no obligation to update information
contained in this release.

For 4C Controls
Investors & Media:
Bob Leahy, 202-550-4204
rdleahy@msn.com

Copyright Business Wire 2008