More Resources

SENTEX SENSING TECHNOLOGY TO ACQUIRE ICOM HOLDINGS.

Worldwide Telecom • June 1, 2007 •

Sentex Sensing Technology, Inc. (BULLETIN BOARD: SNTX.OB), Cleveland, (http://www.sentextech.com/). Henrik Rubinstein, president signed a binding Memorandum of Understanding to acquire ICOM Holdings Ltd. to support the future sale of biometrics driven Sentex products in the European Union.

ICOM, which provides technology services with active businesses, and with revenue approximating $8 million in 2006 (and projections for $10-$12 million in 2007/08) decided in a firm commitment to bundle activities with Sentex. ICOM will be the new European HQ and Service Center for the Sentex product line. The agreement states, based on the huge security needs of these countries as well as the upcoming service needs for (soon to be delivered biometric phones and communications), a tremendous business exists for growth in the European market.

The agreement calls for the issuance of new shares for 100% ownership of ICOM by Sentex via a registration statement. This acquisition, with the strong security market for Sentex products, will greatly enhance the marketing efforts of Sentex within the European Community. Further details are forthcoming.

ABOUT Sentex Sensing Technology, Inc.

Sentex Sensing Technology, Inc. is a multi-biometric technology company. Sentex provides fingerprint, facial and voice biometric technologies, as well as systems, and critical system components that empower the identification of individuals in large-scale ID and ID management programs. The company's offerings include access control, Computer based Internet authentification, Biometric Smart Cards and services for biometric data capture, mobile POS systems, and backend standards-based modules and software components for biometric matching and data mining.

For more information, visit http://www.sentextech.com or call 216/687-0289, ext. 125.

ABOUT Balmoral Financial Services Companies

In operation since 1986, Balmoral (http://www.balmoralfinancial.com/), an Ohio corporation, is a niche financial services company that specializes in identifying merger candidates and placing these transactions with American companies.

ABOUT Balmoral Capital Holding Companies

Professionals with significant transaction and industry expertise. A full spectrum of investment banking services including overseas IPO's, Follow- ons/Registered Directs, PIPEs, M&A Advisory and Debt Capital Markets in Europe and Asia. An exceptional client focus that is characterized by long term relationships and a history of advising. BCHI uses our main office in the British Virgin Islands to raise all capital. BCHI was formerly Zephyr Communication and was incorporated in 2005

For more information, visit http://www.balmoralcompanies.com.

ABOUT ICOM

Founded in 1990, ICOM provides various technology based solutions -- which include: Converged Voice & Data Business Solutions (VoIP), Business telephone systems, voice and data Structured cabling, electrical, GPS, assisted technologies and more -- to businesses throughout the United Kingdom. The five companies employ over 30 persons, 100 sub contractors and have 1,000 clients in the UK. ICOM is involved in maintenance & support, managed services, GSM gateway solutions, SMS delivery, network services, office refurbishment and project management.

For more information, visit http://www.icomtel.com.


COPYRIGHT 2007 Worldwide Videotex Reproduced with permission of the copyright holder. Further reproduction or distribution is prohibited without permission.
Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.
NOTE: All illustrations and photos have been removed from this article.


Browse by Journal Name:
Today on Entrepreneur
Related Video

e-Business & Technology
Franchise News
Business Book Sampler
Starting a Business
Sales & Marketing
Growing a Business
E-mail*:
Zip Code*: