Bullzi Security Releases 2009 Year-End Financials and Details for the Privatization of WISE

Altamonte Springs, Florida, February 9th, 2010

Bullzi Security Inc. (BLLZ.pk), a leading information security provider is preparing to release its 2009 year-end financials, which will reflect total revenues of $714,135 for the year. The lower than expected revenues represent a loss of $47,161 for the company. Although Bullzi made several cost-cutting efforts, Thomas Welch, co-founder of Bullzi Security, attributed the loss in part to development costs incurred for four new courses that are ready for sale, and a difficult economic environment, which delayed the implementation of key projects previously expected to close in 2009.

"Like many companies, Bullzi Security found 2009 to be a challenging, but insightful year for us. Although we saw some of our key projects delayed, most of them are now slated for a 2010 delivery date, thus we should see a spike in 2010 revenues as these deals close,” said Welch. “In addition, as we continued with the development of our security education product (WISE), management realized that it could expand the market of the WISE learning platform by going outside the security education market.”

That realization led management to spin off the WISE product into a new private company, WISE Learning Solutions, LLC, previously a wholly-owned subsidiary of Bullzi Security, Inc. “We feel this change will help us avoid confusion in the marketplace and allow Bullzi Security to continue focusing on its mission of providing security products and services,” said Welch.

As part of this spinoff, which became effective as of January 1, 2010 (subject to all legal reviews and filing), each shareholder of Bullzi Security, Inc. (BLLZ), as of December 31, 2009, will receive a pro rata share of the new private company and, as such, will be entitled to a share of the profits, which will come in the form of annual dividends. Welch continued by saying, “Going forward, Bullzi Security will continue to have exclusive reseller rights to the WISE security education products and, thus, will retain its revenue stream from this product line. As part of this exclusivity agreement, Bullzi Security will pay WISE a royalty as deals are closed. Additionally, all costs for future product development will be borne by WISE Learning Solutions, LLC. WISE Learning Solutions will work aggressively to prepare the product for the consumer-based education market.”

In order to effectuate a successful transition and to allow both companies to grow independently, management has made a number of organizational changes. Effective January 1, 2010, Thomas Welch has resigned as President of Bullzi Security, but has retained his role as Chairman of the Board of Bullzi Security. He has also taken on the role of Vice President – Business Development for Bullzi Security, as well as President of WISE Learning Solutions LLC. Michael Welch has taken over the role of President for Bullzi Security.

Michael Welch, co-founder and new President of Bullzi Security says, "We believe that the privatization of WISE will allow Bullzi to focus on its core security offerings. It will also bring greater value to our shareholders, as they retain a position in both companies--one that continues to trade in the public market and the other that will distribute profits through annual dividends. We're in the process of updating all of our filings and plan to bring our information statement and financial postings current over the next 60 days.”

About Bullzi Security Inc.

ABOUT BULLZI - Bullzi Security is a leader in providing converged security solutions to a range of industries, including utilities, banking, insurance, healthcare, government, and more. Through its consulting services and integrated delivery systems Bullzi Security helps to minimize threats to its clients' assets, facilities and information systems. As a full service security firm, Bullzi Security offers compliance programs, information security services, physical security solutions, training and education programs, forensics and investigative services. Bullzi Security is a publicly held Nevada corporation (BLLZ.PK).

For more information or to schedule an interview, please contact:

Michael Welch
Phone: (800) 279-8850
Email: mdwelch@bullzisecurity.com