UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): ~~November~~July 308, ~~2007~~ 2008

~~SATELLITE SECURITY~~ MOBICOM CORPORATION

(Exact name of registrant as specified in its charter)

Nevada		000-28739		91-1903590
(State or Other Jurisdiction of Incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)

	P.O. Box 880263, San Diego, California	92168-0263
	3328 Granada Avenue, San Diego, California	92104
	(Address of principal executive offices)	(Zip Code)

Registrant's telephone number, including area code: (619) 977-1515

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

£o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

£o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

£o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

£o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

~~ITEM 1~~Item 8.01 ~~Entry~~Other ~~Into a Material Definitive Agreement~~Events.

OnWe are ~~November~~filing ~~30,~~this ~~2007,~~Current ~~Satellite~~Report ~~Security~~on ~~Corporation~~Form ~~("we," "us,"~~8-K ~~"our"~~in orconnection ~~"Satellite") entered~~with ~~into~~increased atrading activity ~~share~~in ~~exchange~~and ~~agreement (~~the ~~"Share~~stock ~~Exchange Agreement")~~price ~~with~~volatility ~~AIMMS~~of ~~Co.,~~our ~~Ltd.,~~common astock ~~Korean~~which ~~corporation~~trades on ~~("AIMMS"),~~the ~~and~~OTC ~~all~~Bulletin ofBoard ~~AIMMS'~~under ~~stockholders~~the ~~(collectively,~~symbol ~~the~~ "~~Sellers")~~MBIC." ~~Under~~The ~~the~~increased ~~terms of the Share Exchange~~trading ~~Agreement~~activity weis ~~will~~associated ~~acquire~~with the ~~business~~free oftrading ~~AIMMS~~status ~~through an acquisition~~ of ~~all of its~~approximately ~~outstanding stock from the Sellers. In exchange we will issue~~2, ~~in the aggregate, 50,~~000,000 shares of ~~newly~~our ~~issued~~ common stock ~~to the Sellers~~. WeAs ~~will then own AIMMS as a wholly owned subsidiary and the Sellers will then own approximately 96%~~ of ~~our outstanding stock. The Exchange Agreement and~~ the ~~transactions~~date ~~contemplated thereunder (the "Exchange") were approved by both our board~~ of ~~directors~~this ~~and the~~report, ~~Sellers. There~~we ~~closing of the Exchange is subject to certain~~have ~~standard conditions~~52,222,034 ~~and~~shares ~~there~~of ~~can~~common bestock ~~no assurance that the Exchange or any other transactions contemplated by the Share Exchange Agreement will be consummated~~outstanding.

~~The~~In ~~Share~~connection ~~Exchange~~with ~~Agreement~~our acquisition of Mobicom Korea, Ltd. (formerly AIMMS Co., Ltd.), a Korean corporation, on December 31, 2007 we issued an aggregate of 50,000,000 shares of our common stock to the former Mobicom Korea stockholders. Those shares were issued without registration and are restricted shares. They will become eligible for sale under Rule 144 commencing on January 16, 2009; one year from our publication of Form 10 information concerning the transaction.

~~Under~~Before we acquired Mobicom Korea, on June 29, 2007 we entered into an agreement with our creditors (the "Noteholders ~~terms~~Agreement") ofto ~~the~~transfer ~~Share~~certain ~~Exchange~~assets ~~Agreement~~and eliminate our liabilities, in order to improve our options for attracting a merger candidate. In connection with the ~~Sellers~~Noteholders ~~have~~Agreement, we agreed to ~~exchange all of~~consent to the Noteholders ~~shares~~foreclosure on substantially all of ~~AIMMS~~our ~~common~~assets including the stock of ~~they~~our ~~own~~subsidiary inentities. In exchange ~~for~~, in the ~~aggregate~~Noteholders agreed to, 50among other things, convert approximately $3.6 million of outstanding indebtedness into an aggregate of 2,000,000 ~~million~~ shares of our common stock~~. The~~, ~~shares~~waive all ofbreaches, ~~our~~defaults, penalties, accrued and unpaid interest, charges, fees ~~common~~and ~~stock~~costs, ~~will~~and becancel ~~distributed~~all tooutstanding ~~the~~warrants ~~Sellers~~that athad abeen ~~ratio~~issued ofto 26the Noteholders.85 The shares of our common stock ~~for~~issued ~~every~~to ~~one~~the ~~share~~former Noteholders ofare ~~AIMMS~~eligible ~~common~~for ~~stock~~trading ~~owned~~without byregistration ~~the~~under Rule ~~Sellers~~144.

WeAs we ~~currently~~noted ~~have~~in ~~2,222,034~~our ~~shares~~annual ofreport ~~common~~on ~~stock~~form ~~outstanding. Upon completion~~10-KSB offor the ~~Exchange~~year weended ~~will~~December ~~have 52~~31,~~222,034 shares outstanding and the~~ ~~Sellers will own approximately 96% of our then outstanding common stock.~~2007:

~~The~~"Our ~~Share Exchange~~common ~~Agreement~~stock ~~contains~~is ~~representations~~illiquid and ~~warranties~~subject ~~of Satellite and AIMMS relating~~ to, ~~among~~price ~~other~~volatility ~~things,~~unrelated (a) proper corporate organization, (b) the authorization, performance and enforceability of the Share Exchange Agreement, (c) compliance with governmental and other authorizations and obtaining all consents required to ~~consummate the transactions contemplated~~our by the Share Exchange Agreement, (d) the capital structure of each company, (e) financial statements, (f) liabilities and the absence of undisclosed liabilities, (g) contract rights and commitments, (h) the absence of claims and litigation, (i) compliance with applicable laws, (j) insurance coverage and claims, (k) absence of material changes (l) employee matters, (m) corporate records, and (n) compliance with applicable provisions of the securities lawsoperations.

~~Under~~The ~~the Share~~market ~~Exchange~~price ~~Agreement, each~~ of ~~Satellite,~~our ~~AIMMS~~common ~~and~~stock ~~the~~can ~~Sellers~~fluctuate ~~has~~substantially ~~agreed~~ due to do ~~certain~~a ~~things,~~variety ~~some~~ of ~~which are conditions to the closing~~ factors, including~~: (a) in~~ ~~the~~market ~~case~~perception of ~~Satellite~~our ~~preserve~~ability ~~intact~~to ~~its~~achieve ~~business~~our ~~organizations~~planned growth, ~~and~~quarterly ~~maintain the~~operating ~~registration~~results of ~~its~~other ~~common~~companies ~~stock~~in ~~under~~ the ~~Securities~~same ~~Exchange Act of 1934~~industry, ~~(b)~~trading ~~give~~volume ~~the~~in ~~other~~our ~~access~~common tostock, ~~the~~changes ~~records~~in ~~and~~general ~~personnel~~conditions toin ~~complete~~ the ~~Exchange,~~economy ~~(c)~~and ~~maintain~~ the ~~confidentiality~~financial ofmarkets ~~information~~or ~~shared with the~~ other ~~party, (d) proceed~~developments ~~expeditiously~~affecting toour ~~undertake~~competitors ~~all~~or ~~actions necessary to consummate and~~us. ~~make effective~~In ~~the Exchange~~addition, ~~(e)~~the ~~AIMMS~~stock ~~has~~market ~~agreed~~is subject to ~~deliver~~extreme ~~audited~~price ~~financial statements prepared in compliance with GAAP~~ and ~~in accordance with all~~volume ~~applicable~~fluctuations. ~~Securities~~For ~~Exchange~~publicly ~~Commission~~traded ~~(the~~companies ~~"SEC"),~~with ~~rules and~~low ~~regulations,~~trading ~~including Regulation S-X~~volumes, ~~(f)~~a ~~with~~small number ~~respect~~of totransactions ~~the~~whether ~~Sellers, waive~~purchases ~~any~~or ~~claims~~sales ~~that~~of ~~they~~securities may have ~~against~~a significant ~~AIMMS,~~impact ~~(g)~~on ~~Satellite has agreed to secure~~ the ~~resignation~~price of ~~its~~their ~~executive~~common ~~officers~~stock ~~and~~at toany ~~prepare~~point ~~an Information~~in ~~Statement~~time. This onvolatility ~~Schedule~~has ~~14(f)-1~~had ~~and~~a ~~cause~~significant ~~the~~effect ~~same~~on ~~to be filed with~~ the ~~SEC and~~market ~~mailed~~price toof ~~our~~securities ~~stockholders,~~issued ~~(h)~~by ~~AIMMS~~many ~~obtaining~~companies ~~approval~~for ~~from~~reasons ~~the~~unrelated ~~Bank~~to ~~of Korea~~their tooperating ~~the~~performance ~~Exchange,~~ and ~~(i)~~could ~~satisfactory~~have ~~completion~~the ofsame ~~due~~effect ~~diligence~~on ~~review~~our ofcommon ~~each party's business, operations, financial condition and prospects~~stock."

WeInvestors ~~have agreed~~are urged to ~~indemnify~~exercise ~~AIMMS~~caution and ~~the~~consider ~~Sellers~~these ~~for~~factors ~~(a)~~when ~~inaccuracies~~investing ~~of representations and warranties and agreements, (b) breach or non-fulfillment of covenants we made~~ in ~~the Share Exchange Agreement, (c) any misrepresentation in the Share Exchange Agreement or any related closing certificate, (d) inaccuracies in any of~~ our ~~filings under the Securities Exchange Act of 1934~~ ~~made prior to the closing, or (e) any liabilities, known or unknown, arising out of our operations prior to the closing~~stock. AIMMS has agreed to indemnify us for (a) inaccuracies of representations and warranties and agreements, (b) breach or non-fulfillment of covenants it made in the Share Exchange Agreement, or (c) any misrepresentation in the Share Exchange Agreement or any related closing certificate.

The Share Exchange Agreement may be terminated: (a) by mutual consent, (b) by either party if the Exchange is not consummated by December 31, 2007, or (c) by either party if the Exchange is prohibited by issuance of an order, decree or ruling. In the event of termination, both parties are responsible for their respective expenses.F-2

The foregoing summary and description of the terms of the transaction contemplated under the Share Exchange Agreement contained herein is qualified in its entirety by reference to the complete agreement, a copy of which is filed as an exhibit to this report and incorporated herein by reference.

Satellite

We currently do not have, and since March 7, 2007, have not had, any ongoing business operations or any revenue sources. We had been engaged in the business of providing satellite-based asset tracking solutions and services, through the operations of our formerly wholly owned subsidiary Satellite Security Systems, Inc. On March 7, 2007, our subsidiary lacked sufficient working capital to continue to fund its operations in the ordinary course of business. All of its employees were released at that time and it effectively ceased operations. Since that time we have taken steps to identify, evaluate and investigate various companies with the intent that, if such investigation warrants, a reverse merger transaction be negotiated and completed pursuant to which we would acquire a target company with an operating business with the intent of continuing the acquired company's business as a publicly held entity.

AIMMS

AIMMS, based in Seoul, Korea, is in the business of providing Mobile Membership Marketing Services, customized data base services, data indexed services and Online Marketing and Promotional services to its customers. AIMMS owns and operates a turnkey system for capturing customer information, membership and CRM management, loyalty programs, campaign planning and execution, result analysis and enhanced data mining. The AIMMS platform enables corporations to access their customers' cell phones with specific targeted advertising that is local and relevant. All campaigns are tracked and provide user information via powerful multi-dimensional database analysis reporting tools. AIMMS currently has approximately 30 employees.

AIMMS has recently entered into agreements with SK Telecom, one of the world's largest cell phone service providers, and with KTF, the second largest Korean cell phone service provider, to provide IMMS (Interactive Mobile Marketing System) services. The core management team of AIMMS has previously provided database marketing, membership rewards systems, CRM systems and mobile marketing to a number of global enterprises, including Dongbu Group, LG, CJ Corp (Jeil), Johnson and Johnson, adidas Korea, Procter and Gamble, Microsoft, LG Telecom, Citibank, HSBC, American Express, Shinhan Life, Kookmin Card, Miliore, Missa, LG Card, Webtour, Pizza Hut and several others.

AIMMS is also preparing to launch its Franchise Membership Service targeting 20,000 retail stores to enroll its customers in a mobile rewards program. Its Mobile Membership Technology collects customer data, provides discounts and rewards and interactively advertises store promotions using SMS and MMS cellular technology. The Mobile Membership Server provides customer scoring, sales by customer, customer preferences, response ratios, customer value and many other vital statistics to retailers.

ITEM 3.02 UNREGISTERED SALES OF EQUITY SECURITIES

In connection with the Exchange, we will, at the closing, acquire all of the outstanding capital stock of AIMMS in exchange for our issuance to the Sellers of 50,000,000 shares of our common stock. The issuance of our shares of common stock to the Sellers is intended to be exempt from registration under the Securities Ac of 1933 pursuant to Section 4(2) thereof and Regulation S thereunder.

Immediately following the closing of the Exchange, we will have 52,222,034 shares outstanding. The Sellers will own approximately 96% of our issued and outstanding shares of common stock, and our existing stockholders will own approximately 4% of our issued and outstanding shares of common stock.

The shares of our common stock issued to the Sellers will be restricted shares, and the holders thereof may not sell, transfer or otherwise dispose of such shares without registration under the Securities Act of 1933 or an exemption therefrom.

ITEM 5.01 CHANGES IN CONTROL OF REGISTRANT

In connection with the Exchange, there will be a change of control. Effective on the Closing of the Exchange, we have agreed to take steps to cause the appointment of Sung Hwan Park, Young Jae Lee, Kyung Hoon Ahn and Michael Levinsohn, as directors of the Company, effective as of the Closing of the Exchange.

The appointments set forth in the preceding paragraph shall be effective only upon the closing of the Exchange and our compliance with the requirements of Rule 14f-1 of the Securities Exchange Act of 1934. We will, at least 10 days prior to the closing of the Exchange, file with the SEC and distribute to our stockholders a Schedule 14(f)-1, including a description of the business background of each of the incoming directors.

Following the consummation of the Exchange, the business activities of both the Company and AIMMS will be under the management and supervision of AIMMS management.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(d) Exhibits

No. Description

2.1 Share Exchange Agreement dated as of November 30, 2007, by and among Satellite Security Corporation, a Nevada corporation, AIMMS Co., Ltd., a Korean corporation, and the holders of the outstanding common stock of AIMMS Co., Ltd., identified on the signature pages hereto.

SIGNATURE

Pursuant to the requirement of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned there unto duly authorized.

		SATELLITE SECURITY CORPORATION
		MOBICOM CORPORATION
		Registrant
December 3, 2007	By:	/s/ ZIRK ENGELBRECHT
July 8, 2008	By:	/s/ Michael Levinsohn
		Zirk Engelbrecht, Chief Executive Officer
		Michael Levinsohn, Chief Executive Officer
		As Principal Executive Officer
		and on behalf of Registrant

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