Secured Digital Applications, Inc. Awarded $1.9 Million Contract for Delivery of Biometric Security System in Brunei
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High-Tech Writers / Business Editors NEW YORK--(BUSINESS WIRE)--SDGL-- Secured Digital Applications, Inc. (OTCBB:SDGL) today announced it has been awarded a contract valued at $1.9 million by Master Index Sdn Bhd ("MISB") to deliver a biometric identification and verification system for an office complex in Brunei. The system is to be delivered by the end of the third quarter of 2004. MISB is a private Malaysian company located in Shah Alam, Selangor, Malaysia, providing security infrastructure support services to clients in Southeast Asia. The contract calls for the Company's subsidiary, Animated Electronic Industries Sdn Bhd ("AEI") to provide a comprehensive biometric security system using face and fingerprint recognition technology for an office complex located in Brunei that has 1,200 staff employees. The system will provide access control and employee time attendance information and has several unique features. One of these features includes the ability to group staff into categories, limit access to certain areas of the office complex based on category, time, date and position, and raise an alarm if unauthorized access is attempted. Another feature is the creation of an "alarm finger" whereby an employee can place a finger on the fingerprint reader if being forced to open a door under duress and raise an alarm. The time attendance feature is able to identify tardy employees and generate reports based on department, name, work hours and other pertinent employee information. Mr. Patrick Lim, Chairman and Chief Executive Officer, stated, "We are particularly pleased to introduce Secured Digital Applications' biometric security technology into Brunei. It represents a further endorsement of our products and services and increases our market potential in Asia." About Secured Digital Applications: Secured Digital Applications, Inc. (formerly known as Digital Broadband Networks, Inc.) and its subsidiaries are involved in the development, integration and provision of secured shipping and supply chain management service; the sale of biometrics security systems and the development of Web based interactive multimedia content. The group is also involved in the sale of the EyStar SmartHome Console, broadband modems and IP cameras. For more information, please visit www.digitalapps.net and www.eystar.com. Safe Harbor Statement: Investors should carefully consider the preceding information, as well as other information contained herein before making an investment in the common stock of the Company. Information contained herein contains forward-looking statements and information that are based upon beliefs of, and information currently available to management, as well as estimates and assumptions made by management. Forward-looking statements can be identified by the use of forward-looking terminology such as "believes", "expects", "is expected", "intends", "may", "will", "should", "anticipates", "plans" or the negative thereof. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual results to vary materially from historical results or from any future results expressed or implied in such forward-looking statements. Secured Digital Applications, Inc. does not undertake to update, revise or correct any forward-looking statements. Morris Capital Markets Communications LLC provides investor relations and financial communications services to the Company. As such Morris Capital Markets Communications LLC and/or its officers receives only cash remuneration for its services in compliance with the National Investor Relations Institute Standard of Practice and SEC regulations. KEYWORD: INTERNATIONAL ASIA PACIFIC NEW YORK INDUSTRY KEYWORD: TELECOMMUNICATIONS NETWORKING PRODUCT MARKETING AGREEMENTS SOURCE: Secured Digital Applications, Inc. CONTACT INFORMATION: Secured Digital Applications, Inc. Valerie Looi, 011 603 7955 4582 valerie.looi@digitalapps.net or Morris Capital Markets Communications LLC Barry L. Morris
------------------ Due Da Due......But Be Quick About It!!!!!
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Here's some other news. The last news they had out was also very positive. Today's news is even better. This is a good entering price.
2004-04-26 10:21:05
Secured Digital Applications CEO Sees Promise in Asian Biometrics and Secured Shipping Industries In Interview With Wall Street Transcript
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Business Editors NEW YORK--(BUSINESS WIRE)--SDGL-- Secured Digital Applications, Inc. (OTCBB:SDGL) recent move into the biometrics security and secured shipping industries is expected to begin producing revenue for the company before the end of 2004, Chairman and CEO Patrick Soon-Hock Lim told The Wall Street Transcript in an interview published today. The company will focus its expansion efforts on biometrics and secured shipping and sees promise in its role as niche provider focusing on the Southeast Asian market for these products and applications, Lim explained in the interview. The entire 2,500 word interview is available free online at http://www.twst.com/ceos.htm Secured Digital Applications, Inc. (formerly known as Digital Broadband Networks, Inc.) is a system solution provider involved in application development, broadband network operation, delivery of value added applications and services; sale of devices that utilize broadband networks and the sale of biometric security devices. The company recently reported that it had achieved a 27 percent increase in revenue during 2003 and was profitable for the second year in a row, with net income increasing by more than 700 percent. In describing the company's current objectives Mr. Lim states "We are looking into revenue generated from the introduction of biometric security applications with the Malaysian government's MyKad identification card, most likely beginning in the third or fourth quarter of this year. Revenues will not only be generated by transactional fees, but also through service maintenance contracts." Regarding the company's strategy Mr. Lim states, "We are targeting the Southeast Asian market, specifically, but are also looking at the whole Asian market generally. Biometrics security and secured shipping are the two main products that will form the thrust of our expansion this year" The Wall Street Transcript does not endorse the views of any interviewees nor does it make stock recommendations. For subscription information call 800/246-7673. Safe Harbor Statement: Investors should carefully consider the preceding information, as well as other information contained herein before making an investment in the common stock of the Company. Information contained herein contains forward-looking statements and information that are based upon beliefs of, and information currently available to management, as well as estimates and assumptions made by management. Forward-looking statements can be identified by the use of forward-looking terminology such as "believes", "expects", "is expected", "intends", "may", "will", "should", "anticipates", "plans" or the negative thereof. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual results to vary materially from historical results or from any future results expressed or implied in such forward-looking statements. Secured Digital Applications, Inc. does not undertake to update, revise or correct any forward-looking statements. Morris Capital Markets Communications LLC provides investor relations and financial communications services to the Company. As such Morris Capital Markets Communications LLC and/or its officers receives only cash remuneration for its services in compliance with the National Investor Relations Institute Standard of Practice and SEC regulations. KEYWORD: INTERNATIONAL ASIA PACIFIC NEW YORK INDUSTRY KEYWORD: TRAVEL TRANSPORTATION BIOTECHNOLOGY SOFTWARE HARDWARE SOURCE: Secured Digital Applications, Inc. CONTACT INFORMATION: Morris Capital Markets Communications LLC Barry L. Morris, 212-687 9707 bmorris@morriscapmarkets.com or Secured Digital Applications, Inc. Valerie Looi, 011-603-7955-4582 valerie.looi@digitalapps.net
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