Explorations Group, Inc./EXGI Announces
Letter of Intent to Acquire Advanced Access
& Control Security Platform - 21st April,
2009
WEST PALM BEACH, Fla.Explorations Group, Inc., announced today that it has signed a non-
binding Letter of Intent to acquire ME2 Security, LLC ("ME2") for a total of $1.6 million to be paid
in a combination of cash, stock and debt. ME2 Security, LLC, a Pennsylvania based software
development company, provides Command & Control security software and hardware products
that are specifically designed for migrating outdated legacy systems thus allowing a clients
infrastructure to become interoperable with current and future technology upgrades, without the
client needing a complete retrofit.
Explorations Group, Inc. is aiming to become a dominate participant in the System Controls
market place, providing easy to use biometrically driven command and control applications
designed to manage specific needs within the security, illumination, telematics and
authentication industries.
President of Explorations Group, Inc., David Coriaty stated, "Building on the previously
announced acquisitions of Hawk Biometric Technologies and Daniel R. Smith & Associates, the
acquisition of ME2 is the next prudent step for the Company to take in our plan to assemble a
complete command and control platform to address the burgeoning needs in the security,
illumination, telematics and authentication needs for the commercial, industrial and
governmental markets.”
The Board of Directors of Explorations Group, Inc. and ME2 have approved the transaction. The
Company expects to be able to promptly consummate the transaction, subject to due diligence,
the execution of definitive agreements, and other conditions to closing. There is no assurance
that a definitive agreement providing for the transaction as contemplated by the Letter of Intent
will be executed or that the transaction will be consummated.
About Explorations Group, Inc.
Explorations Group, Inc. is Florida-based provider of