Secured Digital Applications, Inc. Awarded $2.2 Million Contract for Delivery, Installation and Maintenance of Biometric Security System
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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 $2.2 million by Master Index Sdn Bhd ("MISB") to deliver, install and maintain a biometric identification and verification system for an office complex in Kuala Lumpur, Malaysia. The system is to be delivered and installed in the fourth quarter of 2004. A three-year maintenance contract begins after installation. 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. The system will provide access control and eliminates the need for identification cards, keys, passwords or keypads. Other features include 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. In addition, the system incorporates 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 system produces a comprehensive audit trail of activity identifying who was granted access, where it occurred and the time of the event. How the System Works The system offered by the Company converts information about an individual's face and fingerprints into a unique encrypted template. Authorized users enroll into the system by recording their facial and fingerprint patterns, which are encrypted and entered into a biometric database. When a user approaches an access point, their live face and fingerprints are compared to encrypted templates in the database. Upon recognition, access is granted and an audit trail of the activity is recorded. 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: TRANSPORTATION TELECOMMUNICATIONS HARDWARE SOFTWARE HARDWARE 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, 212-687-9707 bmorris@morriscapmarkets.com
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If you do your DD you will find out the Ceo has stated in previous quarter that most of the revenues from previous years (03) contract will arrive in 3rd and 4th quarter this year. This will be verrry interesting come Nov.-Dec. There is also a poll taken fwiw in Yahoo Sdgl group about year end price projection base on all these contracts. Remember, they grew by 700% last year! Not expecting that much this year but will be up significantly this year in any event! GL
Posts: 188 | From: illinois | Registered: Jan 2004
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Secured Digital Applications to Hold Webcast on May 25, 2004
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High-Tech Writers / Business Editors NEW YORK--(BUSINESS WIRE)--SDGL-- Secured Digital Applications, Inc (OTCBB:SDGL) today announced it will hold a webcast to discuss first quarter 2004 results and the outlook for the remainder of 2004 on May 25, 2004 at 10:00 A.M. EDT. Information about the webcast, which is open to investors, members of the financial community and the media, is as follows: -0- *T What: Secured Digital Applications, Inc. webcast When: May 25, 2004 at 10 A.M. EDT. The company recommends logging on 5 to 10 minutes prior to the start of the webcast Who: Mr. Patrick Lim, Chairman and CEO, Secured Digital Applications, Inc. Mr. Barry L. Morris, Principal, Morris Capital Markets Communications, LLC How: Log into the webcast at the following internet address: http://www.wsw.com/webcast/sdglob/ *T Participants will be asked to register for the event by providing their name, company and e-mail address. Provision has been made for participants to submit questions during the webcast and provide feedback via e-mail. 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; 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. 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: NEW YORK INDUSTRY KEYWORD: TRANSPORTATION TELECOMMUNICATIONS HARDWARE SOFTWARE HARDWARE COMPUTERS/ELECTRONICS CONFERENCE CALLS 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, 212-687-9707 bmorris@morriscapmarkets.com
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