Woburn, MA USA – January 17, 2006: Paragon Imaging, Inc, leading developers of satellite imagery exploitation software announced today that they have been acquired by Overwatch Systems of Morristown, N.J The acquisition, which was finalized on November 30 2005, will not affect the company’s day-to-day operations or overall focus. Paragon’s management team will continue to run the operation from the Woburn location. The Paragon Imaging name will be phased out and the organization will be known as Overwatch Systems – Boston Operations. The Boston Operation will be part of Overwatch’s Geospatial Operations headquartered in Sterling, VA.

Overwatch Systems, combines the resources of several companies including Austin IT Systems, Sensor Systems, ITSpatial and now Paragon Imaging to provide a suite of integrated geospatial fusion software tools for the defense/intelligence community called the Overwatch Intelligence Center (OIC). The OIC focuses on providing situational awareness by enabling analysts to generate relevant, actionable intelligence faster and more effectively for the warfighter, first responder and decision maker.

Paragon’s ELT® (Electronic Light Table) series software is the most widely-used commercial image processing software among government analysts. Ideally suited for Overwatch’s OIC, the ELT series software, enables users to easily view and exploit digital imagery, link associated information with imagery, and share analyses with decision makers and other imagery users. The ELT series spans a full range of capabilities, from high-powered image exploitation and GIS functionality, to image viewing software.

“We are very pleased and excited to join Overwatch Systems,” said Jack Connors, Vice President of Sales – Boston Operations “It has always been our goal to deliver the best possible software products to the DoD and intelligence community and by aligning ourselves with the Overwatch team we will have the ability to share resources and technology which not only benefits our organization and our ELT Series software but most importantly our customers.”

In commenting on the acquisition, Bill Craven, Chairman of Overwatch Systems, said, “We’re delighted to welcome the Paragon Imaging organization to the Overwatch team. We look forward to leveraging our combined skills and customer base to enable Overwatch to better serve the intelligence community. Paragon and its ELT series software helps fulfill our mission to deliver analysis systems that speed actionable intelligence to the warfighter, and to enable information sharing among the agencies that make up the intelligence community.”

About Overwatch Systems

Headquartered in Morristown, N.J., Overwatch Systems provides a suite of integrated software tools that enable analysts to generate relevant, actionable intelligence faster and more effectively for the warfighter, first responder and policy maker. Overwatch Systems is investing to provide analysis tools that enable interoperability among the member organizations of the intelligence community.

About Overwatch Systems-Boston Operations

Located in the northern Boston suburb of Woburn, Massachusetts, Overwatch Systems–Boston Operations (formerly known as Paragon Imaging, Inc.) is a leading provider of image exploitation software for government, defense, and related markets. The company specializes in software that complies with the NITF (National Imagery Transmission Format) standard. The NITF format is an advanced interoperable image format standard for the U.S., allied intelligence, and military users. A leader in the implementation of NITF since the early 1990's, the ELT Series software spans a full range of capabilities, from high-powered image exploitation and GIS functionality, to image viewing software.

For More Information:

To learn more about Overwatch Systems or the ELT Series software, please contact them at: 781-937-9800 or visit their website at www.overwatch.com