Nio Security demonstrated progress in third quarter

Nio Security, Inc.'s sales more than doubled in the
third quarter of 2010 compared to the same period
last year and margins were improved.

Nio Security has also during the third quarter
experienced a growing order flow. The Company has
entered into a number of distribution agreements with
international security vendors, most recently G4S,
the world's largest security company. The combination
of firm orders and framework agreements represent
estimated revenues of USD 6 million. Nio's total
sales last year were USD 0.6 million.

"Following our restructuring at the end of last year,
Nio has improved its performance quarter by quarter
in 2010. Sales volumes are growing steadily and we
expect the flow of orders and distributor agreements
to continue into the fourth quarter and next year.
This development is a confirmation that Nio's
sophisticated video surveillance solutions are highly
attractive for several of the world's most demanding
security customers," said Nio Security's Chairman &
CEO Espen Brodin.

Nio's sales in the third quarter were USD 411
thousand, compared to USD 188 thousand in the same
quarter last year. The Company's gross profit margin
increased from 36 per cent last year to 53 per cent
in the third quarter this year. Nio's net profit for
the quarter came in at USD -515 thousand, an
improvement from last year's USD -1,157 thousand.

See attached Q3-2010 Interim Report. For further
information please contact Espen Brodin, Chairman &
CEO, +47 920 44 558.

Nio Security, Inc. helps protect life and property
through the development and sales of sophisticated
video surveillance solutions. The Company's
technology is unrivalled and the main products, the
CloseView dynamic surveillance system and the
SteadyEye sophisticated video stabilising system, are
considered the most advanced video surveillance
systems available. Nio Security, Inc. is
headquartered in the United Stated and listed on the
Oslo Stock Exchange (ticker: NIO). For more
information, see www.niosec.com.