BMTX has biometrically secured garage door openers, thermostats, deadbolts and home alarm keypads and smartTOUCH Medical, Inc., designs, tests and markets biometrically secured medical crash carts, rolling medicine carts, portable patient medical information devices and security and retrieval systems for electronic medical records. BMTX is one of the first companies to make these products available to a wide range of consumers.
"The global market for biometrics was estimated at $946 million in 2002. It is forecasted to grow to nearly $3.4 billion by 2007. The current market leader is finger scan technology. In 2002, sales of $744 million were generated by automated fingerprint recognition systems. Facial scan and voice scan have yet to achieve their full sales potential".
They have just received an order from a major retailer for more than 22,000 units of their garage door opener that uses "finger activated technology". These products will reach 1800 of the retailers locations, BMTX will realize aproximately 3 million dollars from the contract. http://biz.yahoo.com/prnews/060124/nytu001.html?.v=27
"For years, companies such as IBM have been promoting the beneficial uses of biometric technology in various products, such as the ThinkPad(TM) laptops, but actual everyday products have not been developed for, or offered at any meaningful level to consumers" said Mark Basile CEO of bioMETRX.
bioMETRX, Inc. also announced that smartTOUCH Medical, Inc. has signed an agreement with Fujitsu to test a new biometric technology called Palm-Vein biometrics in its developmental line of medical products.
bioMETRX, Inc. Launches Nationwide Dealer Program to Meet Demand From Installers and Homeowners PR Newswire - February 02, 2006 09:29 Programs Provide Solution for Homeowners Who Prefers Professional Installation Services
JERICHO, N.Y., Feb 02, 2006 /PRNewswire-FirstCall via COMTEX/ -- bioMETRX, Inc. (OTC Bulletin Board: BMTX) announced today that its wholly-owned subsidiary, smartTOUCH Consumer Products, Inc., is launching programs for select, pre- qualified dealers, to sell and install the highly acclaimed patent-pending, smartTOUCH(TM) garage door opener. The Company is providing cost effective options for thousands of dealers across the country, many having expressed interest in carrying the product. smartTOUCH expects as it increases its sale channels, it will allow its products to reach a larger audience. The company expects to realize additional revenues from product and warranty sales in addition to annual membership fees collected from the programs.
The smartTOUCH(TM) Garage Door Opener has received extensive coverage from both national and regional media sources and was most recently featured on HGTV's prime time program "I Want That". bioMETRX Inc. is a Jericho, New York- based research, development, engineering and marketing company that utilizes state-of-the-art finger activated technology to create innovative, stand-alone security and electronics products for consumers. The company is focused on providing simpler, more secure and convenient products to protect consumers' property and their families.
The smartTOUCH(TM) Authorized Dealer Program will begin in March 2006 and interested parties will be expected to "smartTOUCH Certify(TM)" at least one of their installers to qualify for consideration. smartTOUCH offers three membership levels and charges an annual membership fee along with monthly service charges. smartTOUCH offers various dealer discounts, volume rebate incentives and other benefits to their authorized dealer members.
"Our goal is to provide a program that will benefit all involved" commented Lorraine Yarde, President of smartTOUCH Consumer Products, Inc, one of bioMETRX's wholly owned subsidiaries. "We aim to offer value to the homeowner as well as the dealer member and as a result accelerate the growth of our company and the smartTOUCH brand" added Ms. Yarde
"Ever since the product launched in August 2005, we have been inundated with calls and requests from retailers, distributors and consumers" stated Mark Basile, CEO of bioMETRX, Inc. "We have already established a relationship with a trusted, national retailer, who will be offering our finger activated garage door opener for Father's Day 2006. However, we could not ignore the demand from the dealer community and are happy to be able to structure and offer programs to satisfy their needs".
bioMETRX will introduce additional smartTOUCH(TM) consumer electronics products, throughout 2006, that will incorporate the power of biometric technology in simple and convenient way. "We plan on making all future products available through multiple channels including retailers, dealers and distributors as well as directly to the consumer" stated Ms. Yarde.
About bioMETRX, Inc.
bioMETRX, Inc. through its wholly owned subsidiaries, designs, develops and markets biometrics-based products to the consumer, health information, medical devices and small business markets under the common brand name -- smartTOUCH(TM). bioMETRX Technologies, Inc. which was acquired in May, 2005 designs and engineers biometrics-based products for the home security, consumer electronics, medical products and patient medical information markets; smartTOUCH Consumer Products, Inc. tests and markets the company's biometrically secured garage door openers, thermostats, deadbolts and home alarm keypads and, smartTOUCH Medical, Inc., designs, tests and markets biometrically secured medical crash carts, rolling medicine carts, portable patient medical information devices and, security and retrieval systems for electronic medical records. bioMETRX, Inc.'s entire product line is branded under the trade name "smartTOUCH(TM)". For more information on bioMETRX and/or the company's smartTOUCH line of products including the Garage Door Opener, visit the Company website at http://www.biometrx.net
Safe Harbor Statement: Forward-looking statements in this release with respect to bioMETRX' business, financial condition and results of operations, as well as matters of timing and the prospective terms of the transaction described are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond bioMETRX' control with respect to market acceptance of their technology and/or products, whether financing will be available, the effect of the application of acquisition accounting policies as well as certain other risk factors which are and may be detailed from time to time in bioMETRX's filings with the Securities and Exchange Commission.
SOURCE bioMETRX, Inc.
-------------------- Raptor----Don't confuse bad luck with bad judgement
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New chart: 50 dma is 1.00 combined with an uppertrend line. Should give us very strong support for a move back up. I'm surprised it hasn't already but hey the markets having a rough day....
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Hi guys...I'm still new at this, so hope you don't mind my asking what you're thinking since you're still holding...I'm in this too and still holding. Not running scared, just wondering what others with more knowledge are thinking. Thanks!
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