[October 25, 2016]

Helios and Matheson Analytics and RedZone Maps Announce Successful Beta Test

RedZone Maps and Helios and Matheson Analytics Inc. (NASDAQ: HMNY) today announced completion of the beta testing of their advanced hi-tech social listening application. Aiming to disrupt the current crime-reporting industry, RedZone Maps' new proprietary technology has already amassed data on more than 500,000 crimes committed in the U.S. over the past 60 days - shootings, assaults and thefts - across all state borders and affecting over 1,250 cities. Using the same proprietary technology worldwide, we are planning to make big data of the same magnitude available to consumers globally. Currently, the app is available free in the Apple (News - Alert) App store and expected to be accessible to Android users shortly.

This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20161025006296/en/

Social Empowerment At Its Best (Photo: Business Wire)

"In today's world, having information on real-time crimes that have been committed within the last 24 hours, with the prospect of live reporting via social listening at your fingertips, is an unprecedented advantage to all consumers," said Ted Farnsworth, RedZone's founder. "Our mission is to enhance personal safety worldwide, making users aware of their surroundings whether in their neighborhoods or traveling around the world."

"We knew when we met with RedZone initially that our technology and the RedZone concept would be a game-changer in the technology world. We are thrilled with the successful results of the testing and the potential of the project as the technology expands," added Pat Krishnan, CEO of Helios and Matheson Analytics.

The proprietary mapping and navigation system offering a safe route and risky route, combined with the social interaction and real-time crime of the RedZone platform, is an obvious benefit. We believe, with safety becoming an ever increasing daily concern around the world, we believe the leading online travel and lodging apps and sites will benefit along with consumers from this cutting-edge technology that has not been available before.

About Helios and Matheson

Helios & Matheson Analytics, Inc. provides information technology consulting, training services, software products and enhanced suite of services of predictive analytics. With their client roster including Fortune 500 corporations, they focus mainly on the BFSI and Technology verticals. Their solutions cover the entire spectrum of IT needs, including applications, data, and infrastructure. The company is headquartered in New York, NY. Helios and Matheon Analytics, Inc. is listed on the NASDAQ (HMNY). For more information visit us at http://www.heliosmatheson.com.

About RedZone

RedZone (Zone Technologies, Inc.) is a state-of-the-art mapping and spatial analysis company with offices in the U.S. and Israel. Its eye-opening safety map app enhances mobile GPS navigation by providing advanced proprietary technology, to easily and safely guide travelers to their destinations while avoiding risky areas deemed "red zones," due to high groupings of crime data, with safer routes generally 15% longer. More than that, the app incorporates a social media component allowing for real-time "It's happening now" crime reporting coupled with up-to-the-minute data from over 1,400 local, state, national and global sources. Currently available to iOS users with an android version launching shortly, RedZone is available free in the App Store. More information is available on the RedZone website and the free app is available for download in the Apple App Store.

Important Information For Investors And Stockholders

This communication does not constitute an offer to buy or sell or the solicitation of an offer to buy or sell any securities or a solicitation of any vote or approval. This communication relates to a proposed business combination between HMNY and Zone Technologies, Inc. ("Zone"). In connection with the pending business combination between Zone and HMNY, HMNY has filed a definitive Information Statement on Schedule 14C with the Securities Exchange Commission (the "SEC (News - Alert)"). INVESTORS AND SECURITY HOLDERS OF HMNY ARE URGED TO READ THE DEFINITIVE INFORMATION STATEMENT AND OTHER DOCUMENTS THAT MAY BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN IMPORTANT INFORMATION. The definitive Information Statement has been mailed to stockholders of HMNY in accordance with Regulation 14C under the Securities Exchange Act of 1934, as amended. Investors and security holders may obtain free copies of these documents and other documents filed with the SEC by HMNY through the website maintained by the SEC at www.sec.gov. Copies of the documents filed with the SEC by HMNY will be available free of charge on HMNY's website at www.hmny.com.

Cautionary Statement on Forward-looking Information

Certain statements in this communication contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 or under Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (collectively, "forward-looking statements") that may not be based on historical fact, but instead relate to future events, including without limitation statements containing the words "believe", "may", "plan", "will", "estimate", "continue", "anticipate", "intend", "expect" and similar expressions. All statements other than statements of historical fact included in this communication are forward-looking statements.

Such forward-looking statements are based on a number of assumptions. Although HMNY's management believes that the assumptions made and expectations represented by such statements are reasonable, there can be no assurance that a forward-looking statement contained herein will prove to be accurate. Actual results and developments may differ materially from those expressed or implied by the forward-looking statements contained herein and even if such actual results and developments are realized or substantially realized, there can be no assurance that they will have the expected consequences or effects. Risk factors and other material information concerning HMNY are described in its Annual Report on Form 10-K, as amended, for the fiscal year ended December 31, 2015, and other filings, including current and periodic reports, filed with the U.S. Securities and Exchange Commission. You are cautioned to review such reports and other filings at www.sec.gov.

Given these risks, uncertainties and factors, you are cautioned not to place undue reliance on such forward-looking statements and information, which are qualified in their entirety by this cautionary statement. All forward-looking statements and information made herein are based on HMNY's current expectations and HMNY does not undertake an obligation to revise or update such forward-looking statements and information to reflect subsequent events or circumstances, except as required by law.

For further information, contact [email protected].

View source version on businesswire.com: http://www.businesswire.com/news/home/20161025006296/en/

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