Though the company's stock was up today and took the second place as the most gained on the OTC Bulletin Board - it is still struggling to gain a place in the share market.

The company had a dreadful quarter ended June 30, 2007. At the time of polishing up this article the stock arrived at a price of $11.00.

Yesterday, Satellite Security Corporation announced that it has signed a letter of intent to acquire 100% of the outstanding shares of Advanced Interactive Mobile Marketing System, Inc. ("AIMMS").

The Data Sheet

Satellite Security had no revenues for the three months ended June 30, 2007, compared to $449,409 for the same period in 2006.

The company had no costs of revenues for the three months ended June 30, 2007, compared to $388,008 or 86% of revenues for the same period in 2006.

The company had no research and development expenses for the three months ended June 30, 2007, compared to $62,634 for the same period in 2006.

Satellite Security had no marketing and sales expenses the three months ended June 30, 2007, compared with $155,951 for the same period in 2006.

General and administrative costs were $155,485 for the three months ended June 30, 2007 compared with $872,642 for the same period in 2006, a decrease of $717,157 or 82%.

On June 30, 2007, the company had cash of $705 and no other current assets. Working capital deficit as of June 30, 2007 was $168,104.

The Stock

The stock is doing very poorly for over a year. The highest peak the stock hit was an outstanding barrier of $80 per stock.

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On August 15, 2007, the registrant had outstanding 110,981,560 shares of common stock, which puts the company's market cap to $2.43 million.

The Product

Satellite Security Corporation does not have significant operations. It intends to acquire or merge with another operating company.

Previously, the company engaged in the development and sale of asset tracking and monitoring solutions and services. Satellite Security Corporation is based in San Diego, California.