July 24, 2008 10:29 ET

CruiseCam Receives Two Offers for Corporate Reverse Merger

BIRMINGHAM, MI--(Marketwire - July 24, 2008) - CruiseCam International, Inc. (PINKSHEETS: CCMJ) reviews offers from two companies seeking a reverse merger with CruiseCam International, Inc.

Over the course of the last two months, CruiseCam International, Inc. has been approached by several companies interested in a corporate merger. Recent events have led management of CruiseCam International, Inc. to reconsider these offers. "The expanding interest in our products has provided us with an opportunity for substantial market penetration if the company has the wherewithal to supply that growing interest. We now believe that a partner who brings substantial financial backing would allow us to take full advantage of these opportunities as soon as possible," stated Scott Watkins, CEO of CruiseCam International, Inc.

The first offer has been communicated in a term sheet that would merge both a public and a private company into CCMJ. The nature of the merger would include management resources, monetary influx and other considerable assets. CCMJ has stipulated a counter offer that is being reviewed by the other party. The second offer includes the same terms but additionally would include new distribution channels which would provide new revenue opportunities. Because it is an established business entity, it has the capacity to provide capital for inventory, increased executive staff (especially financial officers), all of which will be beneficial to the continued successful operation of CruiseCam.

Negotiations with these companies are presently ongoing and CruiseCam International, Inc. anticipates the definitive conclusion of these negotiations within the next 4 weeks.

In support of the potential mergers and the pursuit of bringing the company's filing current, CCMJ is establishing a new accounting office in Miami, Florida.

It should also be noted that CruiseCam is in the process of updating the company website with contact information as well as other pages and expects the changes to be completed shortly.

Additionally, the production-ready system for the long-awaited VetteCam is now completed. The first production samples are being shown to customers presently. In recognition of this important development the company would like to acknowledge CruiseCam's Vice President of Development, J.E. Lamont who is in charge of the China office and contracted manufacturing facilities in Guangzhou, China. This technology (VetteCam) extends itself to not only commercial trucking but has security applications as well. In addition, it will be made into a generic version to accommodate different styles of automobile seats. Furthermore, the product is modular, which allows the camera pod from the Corvette system to detach, therefore working on all the CruiseCam InCar™ camera mounts.

Mr. Watkins also stated that, "It has been brought to the company's attention that Pinksheets.com has outdated information. This was a regrettable oversight on the part of the company and we apologize for that. We are taking the necessary measures to rectify this and it is our understanding that a change in company status on Pinksheets.com may take up to 30 days."

The share structure as stated in previous press releases remains the same.

About CruiseCam International

CruiseCam International (PINKSHEETS: CCMJ), through its two operating subsidiaries, develops and markets integrated, "in-car" camera mount and recording systems for law enforcement, consumer, commercial and transportation applications, as well as for competition racing cars. The Company's patented technology and industry-first "Cruisecam" offering have been developed since 1996, and are distributed nationwide. For more information, visit: http://www.cruisecam.com/.

SAFE HARBOR: Statements in this press release other than statements of historical fact, including statements regarding the company's plans, beliefs and estimates as to projections are "forward-looking statements." Such statements are subject to certain risks and uncertainties, including factors listed from time to time in the company's SEC filings, and actual results could differ materially from expected results. These forward-looking statements represent the Company's judgment as of the date of this release. The Company does not undertake to update, revise or correct any forward-looking statements.