Introduces new corporate product offerings and international distribution of smartTOUCH(TM) consumer products into South Africa and neighboring
JERICHO, N.Y., Aug. 18 /PRNewswire-FirstCall/ -- bioMETRX Inc., (OTC Bulletin Board: BMRX), today announced that the assets of the former wholly owned subsidiary of Sequiam Corporation have been transferred to bioMETRX, S.A. at the request of their secured creditor, Biometric Investors LLC (BIL). bioMETRX paid no additional consideration to BIL for these assets.
Sequiam Biometrics (Pty) Ltd., now bioMETRX, S.A., is a leading provider of world class biometric software and hardware products, offering Time and Attendance and Access Control solutions to major Government and Commercial organizations. Key customers currently utilizing the company's products include the Bank of Uganda, Stellenbosch University, South African Revenue and Parliament, Shell Oil Company, Ford Motor Company, and General Motors.
bioMETRX S.A.'s flagship technology offerings include BioTime, an easy-to-use computerized access control, attendance and recording tool; and BioTools which simplifies the process of adding failsafe biometric security to any computer program -- in minutes instead of weeks. The assets have produced in excess of $1,300,000USD in revenue, 2007. The company expects that such revenues will triple through 2009.
"The company has spent several years developing this comprehensive technology suite and we are busy designing a plan with their management to increase sales in existing markets, as well as offering these solutions here in the US", stated Lorraine Yarde, COO at bioMETRX. "While consumer biometrics is starting to take hold, commercial biometric applications have been around for numerous years and enjoys high adaptation rates among corporations", commented Ms. Yarde.
"We are presently re-branding the bioMETRX S.A. products and will be
|SOURCE bioMETRX Inc.|
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