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Sydney Australia - November 9th, 2005

iOmniScient Pty Ltd., a leading provider of Non-Motion Intelligent Surveillance Systems and MCN Security Inc. the leader in security systems for government and commercial applications announced today that it had entered into a joint licensing and marketing agreement to provide industry leading surveillance systems.

Using unique, patented technology iOmniScient Pty Limited have created a suite of intelligent surveillance systems based on both motion and non-motion detection that enable clients to be warned of impending threats before the incident happens.

Recognizing that human operators loose concentration after a fairly short period of time and are unable to observe all the critical events that occur on a CCTV camera, iOmniScient Pty Limited have approached the surveillance security software from a different perspective. Concentrating only on those events that the clients want from their security systems, the company has focused its efforts on providing warnings only when the conditions set by the clients have been met.

Marc Brunet MCN’s Chairman said, “The surveillance market is expanding at a very rapid pace. As we are looking into the future of security, our partnership will only solidify our place in the marketplace. By working together we can be much more productive and expand on the marketing reach of both companies.”

Roger Gervais, President of MCN Security Inc said, "Our partnership with iOmniScient Pty Limited enables us to combine our strengths in software and hardware to provide industry’s leading security technology. A powerful intelligent surveillance software will provide our customers with an increasing the level of accuracy, reliability and flexibility of their security systems. We continually seek ways to respond to the needs of our customers."

About iOmniScient Pty Limited

iOmniScient Pty Limited is an Australian company set up in 2001 to develop advanced tools for the Surveillance and Security industry using Artificial Intelligence. Its initial products focused on detection of suspicious and potentially dangerous objects has just been launched and is included in the Australian Government “Technology Showcase”.

About MCN Security Inc.

MultiCast Networks Holdings Inc. (MCN), a premier streaming software development company and a sports, security, business, and events webcasting production company in North America, provides simplified streaming solutions using the latest streaming technology. Through the vast and proven experience of its executive management team and key relationships with its partners and affiliates, MCN has established itself as a leader in the streaming media industry. The corporate mission of MCN Security Inc is to develop and use our revolutionary technology to provide the ultimate security in any environment. We will strive to continue to enhance and evolve the accuracy, speed, and intelligence in security systems so that our customers are aware, confident, feel secure, and ALWAYS KNOW.