STS Evermedia Corporation - a Biometrics Technology and Government Services Company Commences Trading STS Evermedia Corporation (PINKSHEETS: STSM) announced today that it has commenced trading as a public company.
STS Evermedia Corporation (PINKSHEETS: STSM) is comprised of two divisions: Evermedia Biometrics, which develops and manufactures biometric applications and Systems Technology Solutions, Inc. ("STS"), which provides Information Technology, Security, Logistics and Engineering services to U.S. government agencies. Each of these divisions operates independently within STS Evermedia Corporation.
Evermedia Biometrics
Evermedia Biometrics develops and manufactures proprietary iris recognition systems. It holds exclusive worldwide rights to iris recognition technology, including 4 issued patents, and 6 pending patents. It also has exclusive worldwide manufacturing and distribution rights for this technology.
Iris scanning is considered the most accurate identification tool today. The iris consists of over 400 distinguishing characteristics. This contrasts with the 40-50 distinguishing characteristics of fingerprint technology. Iris scanning is even more accurate than DNA analysis.
The biometrics industry in 2005 generated $1.53 billion in and is expected to grow to more than $5.74 billion in annual revenue by 2010, according to industry market research firm International Biometrics Group (IBG). Industry analysts estimate that the iris recognition market will grow from $81 million in 2004 to over $518 million in 2009, making it one of biometrics' fastest-growing areas.
Information on Evermedia's EMB-I400 Iris Scanning Unit can be found on the company's web site. (www.stsevermedia.com)
System Technology Solutions, Inc. ("STS")
STS is a GSA-approved vendor with a management team that has a long history of providing security design and engineering services to the US government. STS' primary focus is technical security systems design, engineering, installation and documentation. STS is a primary contracting source to sell and deliver Evermedia Biometrics iris recognition technology to U.S. government agencies
STS also provides Information Technology services to government agencies. These services include program management and information systems planning as well as analysis, design, development, testing, and implementation.
STS provides security services to U.S. Government agencies. STS' management team has provided technical security engineering and installation services for the Department of State. These services involve both inside and outside plant requirements.
According to Datamonitor PLC, Government spending on security-related IT products is expected to reach $56.5 billion by 2009. STS is well positioned to take advantage of this tremendous opportunity.
STS' current clients and subcontracting relationships include: BearingPoint, Prime Measurement Products LLC, CACI International, and MTC Technologies.
Additionally, STS currently provides services to the following government agencies: U.S. Department of Defense, U.S. Air Force, U.S. Navy (Seaport-e Prime Contractor), U.S. Marine Corps., U.S. Army, and Air National Guard.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements, other than the statements of historical facts may be deemed to contain forward-looking statements with respect to events, the occurrence of which involves risk and uncertainties, including, without limitation, demand and competition for the company's products and services, the availability to the company of adequate financing to support its anticipated activities, the ability of the company to generate cash flow from operations and the ability of the company to manage its operations.
STS Evermedia Initiates Iris Technology Development Plan STS Evermedia Corporation (PINKSHEETS: STSM) initiated its technology development plan implementing iris recognition systems.
STS Evermedia Corporation implemented the first phase of its iris technology development plan that will enable the company to become a leader in the security and identification markets. Evermedia Biometrics Corporation, a wholly owned subsidiary of STS Evermedia has signed a consulting and teaming agreement with Problem Solutions, LLC of Pittsburgh, PA to assist in performing a full capabilities and validation study of the company's current iris recognition technology and to develop specific applications using the human iris as a prime identifier.
"We have the technology today to replace credit card numbers, passwords, and personal identification numbers (PIN) with the match of the human iris as a qualifier for consumer related transactions. We believe that our non-contact iris recognition technology as a means for identification can serve as a valuable tool not only to eliminate identity theft but to enhance individual privacy as well," said Jonathan Sym, CEO of STS Evermedia. "Individuals and corporations are becoming more and more vulnerable to high tech thefts and iris biometrics can solve many of today's security problems. Last year, it cost U.S. corporations over $59 billion due to identity thefts. This is a serious problem that requires real solutions."
The Company's plan involves three general categories of development:
1. Continue to create state of the art iris recognition software that will easily interface with today's current technological systems so integration is seamless and cost effective (i.e. ATM, online banking, credit card transactions).
2. Develop portable and wireless applications that will allow freedom of movement with no sacrifice in security or speed of delivery (i.e. border, transportation and immigration security).
3. Produce products specifically designed for individual security and comfort (i.e. keyless home/auto access, lost child registration, secure access to medical and financial records).
"Biometric technologies have substantial implications for physical security and beyond. The teaming of Evermedia Biometrics and PS provides a solid launch pad to produce applied solutions technology from financial transactions to physical access. The already powerful iris scanning platform of Evermedia Biometrics will be enhanced with an additional application to allow hybrid operation in new solutions as both a stand-alone and network-driven device," said Michael Hruska, President of Problem Solutions, LLC. "The ISIS (Iris Scanning Information System) application will provide integration capabilities with access control and security integration software systems with ease in all usage scenarios. The technology has a significant potential to carve a foothold for biometrics as a practical, affordable and stable technology."
According to Acuity Market Intelligence, "The iris recognition category will achieve a 16% market share -- the largest of any single biometric modality -- generating $1.5 billion in annual revenues. Iris based access control, identity services, and surveillance will become integral to a range of solutions including border control, government ID programs, ATM usage, and facility, information, and transaction security for power and chemical plants, top secret military and intelligence installations, and financial institutions."
Evermedia Biometrics Corporation has an exclusive, worldwide use and licensing right to a patented and proprietary iris recognition technology first patented in 2001. The company is expecting to publish its full development plan by August 2007.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements, other than the statements of historical facts may be deemed to contain forward-looking statements with respect to events, the occurrence of which involves risk and uncertainties, including, without limitation, demand and competition for the company's products and services, the availability to the company of adequate financing to support its anticipated activities, the ability of the company to generate cash flow from operations and the ability of the company to manage its operations.
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Up 68% today. Check out the chart, no one really knew about this stock and the MMs took it down on nothing. They went public in April 2007 and have only had 2 PRs since then. They are in a huge industry, and have 2 divisions. The Iris detection devision is huge. Iris recognition systems will be the norm in 10 years. They will be using it at the airport, prisons, as a way to file and protect children. Just think, if every child gets in the system early on, no one would kidnap them, as once they got scanned again, they would be caught.
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Finally a down day. It did the 50% rule, and NITE seemed to be collecting lots of shares, should go up from here once the guys that got in under 1c are out.IMO
Posts: 210 | Registered: Aug 2006
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NITE was scooping everything up at .015. I agree that the people who got in in the sub-penny range are leaving. This company has the potential to be huge. One PR and it will bust loose IMHO.
-------------------- dab Posts: 545 | From: North Hollywood | Registered: May 2006
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All indicators say consolidation is done, and it goes up this week, hopfully this time for a full ride.IMO
Posts: 210 | Registered: Aug 2006
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Outstanding Shares 89,809,408 as of Mar 31, 2007 Authorized Shares 200,000,000 as of Mar 19, 2007 Number of Share Holders of Record 1,200 as of Mar 31, 2007 Float 19,741,513 as of Mar 31, 2007
-------------------- Opinions are not facts. Never, ever, ever, fall in love with a stock. Posts: 146 | From: canada | Registered: Aug 2007
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