Statmon Technologies Awarded State of Maryland Monitoring & Control Contract for Maryland Public Television & Statmon's Broadcast Business Rebounds Post HD TV Switchover in June, 2009

Wednesday July 22, 2009, 11:37 EDT

CHICAGO--(BUSINESS WIRE)--Statmon Technologies Corp. (OTCBB:STCA - News), an emerging wireless and remote site infrastructure management solution provider focused on network solutions for worldwide broadcasters and telecom carriers. The company is also active in the building management networks and navigation aid markets.

Statmon Technologies is pleased to announce that State Government owned Maryland Public Television ("MPT") has selected and awarded Statmon Technologies their transmission systems monitoring and control project valued at approximately $250,000. The project encompasses seven transmission sites and one uplink facility at various locations across the State of Maryland as well as a Network Operations Center located in the Maryland Public Television facilities in Owings Mills, MD.

The MPT project includes interface to and management of traditional broadcast equipment from transmitters and exciters to emergency power systems and microwave infrastructure. The project also includes remote management from any location in the state or any connected location. The technologies implemented and deployed include SNMP, serial, and TCP interface as well as traditional parallel connectivity. The backbone of the solution will be Statmon Technologies proprietary software application AXESS with utilization of ROVING and OVERSITE as remote clients. These Statmon products provide MPT with the highest degree of flexibility and functionality available in the market

Mr. Geoffrey Talbot, the Chairman and CEO of Statmon Technologies, commented, “The Maryland Public Television project is a highly prestigious implementation for Statmon Technologies. The project is expected to become a showcase for all the other state governments seeking to reduce their communications infrastructure costs and quickly facilitate the re allocation scarce resources in these times of budget restraint.” Mr Talbot went on to say, “Now that the analog television and HD TV switch over, which was further delayed by the Federal government to June 12, 2009, is finally behind us, Statmon is experiencing increased activity in its core mobile TV to cell phone subscribers and broadcast markets. Most HD TV rollouts were put on hold in late 2008 as the financial markets crashed immediately followed by the economy downturn and plummeting advertising revenues for broadcasters. With the analog TV infrastructure now being removed the broadcasters are in a position to complete the build out of their more cost effective digital transmission infrastructures. The Statmon platform has a strategic role in achieving cost effective operating objectives.” Mr. Talbot concluded, “While Statmon may have been ahead of our time until now, there are strong indications in the prevailing environment that Statmon is in the right place at the right time and we are well positioned for rapid growth both with the hundreds of wireless telecom carriers and the mainstream broadcasters around the world.”

About Statmon Technologies Corp.

Statmon Technologies Corp. is a wireless and fiber infrastructure network management solution provider. Axess, its proprietary software application, and its supporting integration products are deployed in telecommunications, media broadcast and navigation aid transmission networks to optimize operations and ensure that the entire network continues to function. The Statmon Platform is designed to self-heal, or preempt transmission failure by automating the integration of the different devices and disparate technologies in a network under a single umbrella control system and permit manual corrective action at the network operations center or from any connected computer, including a wireless device.

The Company is headquartered in Bannockburn, IL, a Chicago suburb, and its shares are traded in the OTC Bulletin Board under the symbol "STCA.OB."

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based largely on expectations or forecasts of future events, can be affected by inaccurate assumptions and are subject to various business risks and known and unknown uncertainties, a number of which are beyond the Company's control. Therefore, actual results could be differ materially from the forward-looking statements contained in this press release. A wide variety of factors could cause or contribute to such differences and could adversely impact revenues, margins, profitability, cash flows and capital needs. Such factors include, but are not limited to, its ability to increase revenues and achieve profits and positive cash flow in fiscal 2009; its ability to maintain or expand distribution within existing and new channels of trade for its products; its dependence on MediaFLO for a substantial portion of its revenues; its ability to complete the placement of its offering of Series A Secured Convertible Debentures; its need for additional capital and the uncertainty of obtaining it; the market acceptance for one or more of its new or existing products; whether it will be able to adapt its technology to new and different uses, including being able to introduce new products; competition from larger, more established companies with far greater economic and human resources; its ability to track and retain costumers and quality employees; the effect of changes economic conditions; and changes in government regulations, tax rates and similar matters; its ability to refinance or renegotiate promissory notes that have come due or are coming due; the wide fluctuations in its quarterly operating results; its failure to successfully implement new market verticals; and its ability to keep pace with rapidly changing technologies. The Company cannot predict or determine after the fact what factors would cause actual results to differ materially from those indicated by the forward-looking statements or other statements. The reader should consider statements that include the words "believes," "expects," "anticipates," "intends," "estimates," "plans," "projects," "should" or other expressions that are predictions of or indicate future events or trends to be uncertain and forward-looking. The Company does not undertake to publicly update or revise forward-looking statements, whether as result of new information, future events or otherwise. For a more detailed description of these and other cautionary factors that may affect the Company's future results, please refer to its Report on Form 10-KSB for its fiscal year ended March 31, 2008 and its Form 10-Q for the three months ended June 30, 2008, filed with the Securities and Exchange Commission.

Archived Press Releases

Feb 27, 2009

Statmon Technologies Provides December 31, 2008 3rd Quarter Earnings Guidance & Announces $1.25M Round of Secured Convertible Debentures including $500,000 from Existing Debenture Holders

Feb 10, 2009

Statmon Technologies Television Station 'HUB' & Remote Control Solution is Designed to Reduce Broadcasters Operating Costs by Millions of Dollars Per Annum