Mr. Douglas Dyment reports
GATEKEEPER SYSTEMS RECEIVES NOTICE OF REJECTION OF ALL BIDS FROM FORT WORTH INDEPENDENT SCHOOL DISTRICT
Gatekeeper Systems Inc. has received notice from Fort Worth Independent School District (Fort Worth ISD), located in Texas, United States, that it has elected to reject all bids in connection with the recently completed request for competitive sealed proposals for mobile digital video systems (RFCSP). As disclosed on Jan. 20, 2015, the company was previously issued a notice of award to outfit Fort Worth ISD's fleet with Gatekeeper's mobile digital video recording systems pursuant to the RFCSP. Fort Worth ISD has advised the company that it received protests over the notice of award, and has therefore elected to reject all bids and advertise for a new solicitation for mobile digital video systems within the next month.
The company is reviewing its options with the assistance of legal counsel. Further information will be provided to shareholders once available and as appropriate.
We seek Safe Harbor.
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