KENNEDY SPACE CENTER, FL--(Marketwire - Jan 31, 2012) - World Surveillance Group Inc. (OTCBB: [ WSGI ]), a developer of lighter-than-air ("LTA") unmanned aerial vehicles ("UAVs") and related technologies, announced today that the Company has posted approved video footage and images taken at the recently completed Government testing and demonstration of the Argus One UAV in Nevada. In preparation for subsequent coordinated flights and demonstrations, the Argus One UAV has been re-stationed at facilities in Nevada where the airship remains inflated inside a hangar facility pending favorable weather conditions and scheduling permits.

The Argus One is a mid-altitude, unmanned, LTA airship designed to hover above the earth's surface for extended periods of time. The uniquely constructed low observable airship is designed to cope with winds in a more efficient manner than traditional "blimp-like" airships, while delivering a cost-effective solution based on minimal ground and human infrastructure.

For additional information including video footage and images of the Argus One airship taken in Nevada, please visit [ http://wsgi.com/argus ]

About World Surveillance Group Inc.

World Surveillance Group Inc. (OTCBB: [ WSGI ]) designs, develops, markets and sells autonomous, lighter-than-air UAVs capable of carrying payloads that provide persistent security and/or wireless communications solutions at low, mid, and high altitudes. WSGI's airships, when integrated with electronics systems and other high technology payloads, are designed for use by government-related and commercial entities that require real-time intelligence, surveillance and reconnaissance or communications support for military, homeland defense, border control, drug interdiction, natural disaster relief and maritime missions. For more information regarding WSGI, please visit [ www.wsgi.com ], or view our reports and filings with the Securities and Exchange Commission on [ http://www.sec.gov ].

Forward-Looking Statements

Certain statements in this release constitute forward-looking statements. These statements include those regarding the timing, location or results of any flight testing or demonstrations of our Argus One UAV, the outcome of any demonstrations of the Company's airships, the roles to be performed or capabilities provided during any testing of our UAVs, the expected payloads or systems to be carried on the Argus One or to be tested during any given flight test, the further advancement, development or commercialization of the Company's UAVs, the capabilities and advantages of, and costs related to, the Company's technology and products, the Company's proprietary technology, and the Company's ability to execute on its strategies or business plan or accomplish any of its goals. The words "forecast," "project," "intend," "expect," "plan," "should," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors, any of which could cause the Company to not achieve some or all of its goals or the Company's previously reported actual results, performance (finance or operating) to change or differ from future results, performance (financing and operating) or achievements, including those expressed or implied by such forward-looking statements. The Company assumes no, and hereby disclaims any, obligation to update the forward-looking statements contained in this press release.