PRINCETON SECURITY (GREY:PSGY)

PRINCETON, NJ--(Marketwire - Jun 13, 2012) - Princeton Security Technologies, Inc. (OTCBB: PSGY) (referred to herein as "Princeton"), a developer and manufacturer of detector products, including x-ray and gamma-ray detectors, spectroscopy systems, and radioisotope identifier products, today announced that it has entered into a definitive merger agreement with Thermo Fisher Scientific Inc. ("Thermo Fisher"), under which Thermo Fisher will acquire all the outstanding shares of Princeton for $0.89 per share in cash, in a transaction valued at approximately $13 million.

Under the terms of the merger agreement, a wholly owned subsidiary of Thermo Fisher will merge into Princeton, with Princeton as the surviving corporation, and each outstanding share of common stock of Princeton (other than dissenting shares) will be converted into the right to receive $0.89 per share, in cash. This price represents a premium of 78% over the closing share price of Princeton's common stock on June 12, 2012. The Board of Directors of Princeton has unanimously approved the merger. In addition, holders of Princeton common stock constituting approximately 71.2% of Princeton's outstanding shares have executed and delivered to Princeton written consents adopting the merger agreement, as a result of which the required stockholder approval of the merger has been obtained and no further action by Princeton stockholders is required in connection with the transaction.

The closing of the merger is subject to the satisfaction or waiver of customary closing conditions, including the absence of any legal restraint, injunction or other action that would prohibit the merger, and the absence of any event that constitutes a material adverse effect (as defined in the merger agreement) on Princeton. The closing is also subject to the condition that the time period for the holders of Princeton common stock to exercise dissenters' rights under Nevada law shall have expired and no more than 10% of the issued and outstanding shares of Princeton common stock shall be dissenting shares. The transaction is expected to close during July 2012.

"We believe the merger is an excellent opportunity for the Princeton customers, employees and stockholders," said Juhani Taskinen, Princeton President and Chief Executive Officer. "It will provide the Princeton stockholders with the opportunity to realize a substantial premium to Princeton's current share price. In addition, the combination of Thermo Fisher's global reach and leadership in radiation measurement and monitoring with Princeton's innovative detector technology represents a coupling of complementary strengths that will benefit our customers and employees."

Our Business Growth

For the 12 month period ending December 31, 2011 our sales increased to $4,157,675 from $2,565,512. With the increased sales, our Net Profit was $495,599 compared to a Net Profit of $44,700 for the same 12 month period in 2010. Our Radioactive Isotope Identifiers had the biggest sales volume of all product categories with the sales of $3,078,159, and the second biggest category is the Nuclear products with the sale of $622,424 for the 12 month period. The third largest sales category is X-ray Detectors. The largest growth for the 12 month period was in Radioactive Isotope Identifiers, where the sales grew to $3,078,159 from $1,294,504 which represents 138% growth. This was due to enhanced sales distribution as well as introducing the new and more competitive products and applications to the market, as well as expanding more aggressively into the new geographical markets such as China.

The Company expects the growth to continue in the year 2012. Most of the growth will come from Radioactive Isotope Identifier products. We also expect X-Ray Detectors to generate a reasonable amount of growth in Sales. We expect the Nuclear Products to generate a moderate growth or remain at the same level as year 2011.

PRINCETON, NJ, Mar 07 (MARKET WIRE) -- Princeton Gamma-Tech Instruments, a wholly owned subsidiary of Princeton Security Technologies, Inc. (OTCBB: PSGY), announced that it had signed a distribution agreement for its identifier products with Rae Systems Inc., a San Jose, California based company which specializes in chemical and radiation detection products. Rae Systems made a sizeable commitment to purchase minimum quantities per year and will add more geographical depth to Princeton's product distribution.

Recently, Princeton Gamma-Tech Instruments received sizeable orders from its Chinese distributors for its Radiation Identifier Products. Therefore Company's existing order backlog and 2012 commitments is currently approx. $2 million, where all the product deliveries are expected to take place between March and the year end.

PRINCETON, NJ--(Marketwire - Jan 19, 2012) - Princeton Gamma-Tech Instruments, a wholly owned subsidiary of Princeton Security Technologies Inc. (OTCBB: PSGY), announced that it had secured orders as well as signed new distribution agreements in China.

The Company will distribute its Radioactive Isotope Identifier Devices (RIIDs) as well as Nuclear Power remote monitoring systems to the Chinese market via its newly signed distributors. Product deliveries will start the first quarter of 2012. According to the company's VP of Sales, Dr. Leong Ying, this is an important market entry for the fast growing Chinese market and will generate an on-going revenue stream for the Company's products.