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.
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