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DUALSTAR TECHNOLOGIES CORPORATION
11-30 47TH AVENUE
LONG ISLAND CITY, NEW YORK 11101
Supplement, dated November 25, 1998, to
Proxy Statement, dated October 27, 1998--
Annual Meeting of Stockholders to be held on December 16, 1998
The following supplemental information is being furnished to stockholders
of record on October 26, 1998 of DualStar Technologies Corporation (the
"Corporation") in connection with the solicitation by the Board of Directors of
proxies in connection with the Corporation's Annual Meeting of Stockholders to
be held on December 16, 1998.
PROPOSED ADDITIONAL DIRECTOR
As described in the Notice of Annual Meeting and Proxy Statement dated
October 27, 1998, it is proposed that at the Annual Meeting stockholders of the
Corporation will be asked to consider and vote upon the election of 7 directors
of the Corporation to hold office until the 1999 Annual Meeting of
Stockholders. The nominees for such election are set forth in the Proxy
Statement.
On November 25, 1998, the Corporation consummated a loan to the
Corporation in the amount of $2,500,000 by Technology Investors Group, LLC
("TIG"), a newly formed Delaware limited liability company. The loan is
convertible at the option of TIG into Common Stock of the Corporation totaling
19.9% of the presently outstanding number of shares of Common Stock. In
connection with such loan, the Corporation has agreed to hold a special meeting
of the Board of Directors within 90 days for the purpose of increasing the
number of directors of the Corporation from 7 to 8 directors and to consider
the election of a person designated by TIG reasonably acceptable to the Board
of Directors to fill the newly created directorship for a term until the 1999
Annual Meeting of Stockholders. It is anticipated that such action will occur
after the 1998 Annual Meeting of Stockholders and, accordingly, stockholders
will not vote on such additional director. Each of the nominees for election as
director at the 1998 Annual Meeting has advised the Corporation that he
presently intends to vote in favor of such action. TIG has advised the
Corporation that it has not determined who it will designate as the new
director.
