SureTrader SureTrader
Home > Boards > US OTC > Homeland Security >

Sentry Technology Corp (SKVY)

SKVY RSS Feed
Add SKVY Price Alert      Hide Sticky   Hide Intro
Moderator:
Search This Board:
Last Post: 12/21/2015 6:58:43 PM - Followers: 17 - Board type: Free - Posts Today: 0




Sentry Technology Corp. – The world’s leading manufacturer of traveling CCTV solutions.  We introduced our first traveling video system in 1997. Beginning in 2001, the company launched SmartTrack™ featuring two programmable PTZ’s. Thousands of SmartTrack systems have been installed worldwide, serving leading retailers, distribution hubs, couriers and public transportation facilities. Our customers are many of the world’s largest and most prestigious companies including ASDA, Auchan, Bauhaus, Boots, Carrefour, Cencosud, FedEx, King Fisher, Kmart, Kohl’s, Mexico City Metro, Neiman Marcus, and Wal-Mart.



 

2015 NEWS ----> SENTRY TO TURN PROFITABLE IN 2015, $4.4M IN DEBT ELIMINATED

SENTRY TECHNOLOGY ANNOUNCES RESTRUCTURING

RONKONKOMA, New York, February 4, 2015 -- Sentry Technology Corporation (OTC

Markets: SKVY) today announced a major restructuring of its business.
 

The company completed the first stage of an agreement to sell the manufacturing and marketing

rights for its traveling camera technology in Europe and Asia. The purchaser is a French company

operating under the name SentryWay. It is expected the transaction will be finalized on April 30, 2015.

Proceeds from the $1.1 million sale are being used to repay bank debt and Sentry's secured debt

obligation to Brookfield Technology Fund. Additional annual payments may be received by Sentry

Technology during the first three years of the agreement at the rate of 20% of SentryWay's annual

traveling CCTV sales above the company's Europe/Asia revenue for the year 2013. Based on anticipated

SentryWay sales, management believes annual payments by SentryWay will make a substantial

contribution to Sentry's future profits.
 

As part of the restructuring plan, Sentry's library security business was sold to Sentry Funding

Partnership for $1 million. The sale price was based on an evaluation of Sentry's library operations by

Corporate Valuation Services. The sale will reduce secured debt owing to Sentry Funding Partnership. In

addition, substantial debt restructuring agreements have been signed with the company's largest

unsecured creditors. Approximately $2.5 million in unsecured debt has been settled in exchange for the

payment of $100,000 in cash and the issuance of 10,000,000 Sentry common shares. To date, a total of

$4.4 million of debt has been eliminated as a result of the restructuring including $2M owed to Custom

Security Industries, a majority owned subsidiary.
 

During the first quarter of 2015, Sentry is implementing a cloud based ERP accounting system.

In addition, annual expenses will be significantly reduced by exiting the company's European distribution

center and reducing operating costs and rental space at the headquarters in Long Island, NY.

 

"The reported transactions mark a significant change in our company's current and future

business operations," said Peter L. Murdoch, President and CEO or Sentry Technology. "We believe that

by dramatically improving our balance sheet, reducing expenses and focusing sales efforts on our new

VideoRailway™, HD/IP traveling camera technology, Sentry will generate an operating profit during

2015."


"VideoRailway™ is now installed and performing well in leading U.S., Canadian and South

African retailers. The high quality HD image improves the effectiveness of OperationalVideo™, our

online platform for managing retail operations, merchandising compliance and security. While selling the

CCTV technology in Europe and our library business will reduce total revenue, the company is better

positioned to take advantage of the significant opportunity in the fast growing digital, networked video

market."
 

Sentry Technology Corporation designs, manufactures, sells and installs Closed Circuit

Television (CCTV) solutions. Our CCTV product line features VideoRailway™ and SmartTrack™, a

proprietary, traveling camera technology. Our OperationalVideo™, OVportal™ software application

assists retailers with on-line management of safety and security, merchandising audits and employee

procedure compliance. More information can be found at www.sentrytechnology.com.




Corporate Headquarters
Sentry Technology Corporation
1881 Lakeland Avenue
Ronkonkoma, NY 11779
Toll-free: 1 (800) 645-4224
Tel: (631) 739-2000
Fax: (631) 739-2124
e-mail: sentry@sentrytechnology.com

Sales Office
Sentry Technology Canada
17 Ruggles Avenue, Unit #6
Thornhill, Ontario L3T 3S4
Toll-free: 1 (800) 461-2803
Tel: (416) 674-4788
Fax: (416) 674-5075
e-mail: sales@sentrytechnology.com

Customer Service
1881 Lakeland Avenue
Ronkonkoma, NY 11779
Toll-free: 1 (800) 645-7217
Tel: (631) 739-2000 x2
Fax: (631) 739-2124


Web Site: http://www.sentrytechnology.com

SHARE STRUCTURE INFORMATION:

(% Held by Insiders:====================54.18%)
% Held by Institutions4:==================0.10%
Common stock, $0.001 par value;
Authorized=========================300,000,000 Shares as of March 2015
Issued and outstanding==============206,405,000 as of March 2014

Board of Directors
 
Peter L. Murdoch has been the President and Chief Executive Officer, Director and Chairman of the Board since January 8, 2001. Mr. Murdoch has extensive experience in the retail security industry as well as in the sales of technology-based products. He was Managing Director and President of ID Security Systems Canada, Inc. since its inception in 1987 until its acquisition by Sentry. From 1997 through 2004, he served as member of the management committee of Dialoc ID. Prior to joining ID Security Systems Canada, Inc., Mr. Murdoch was Vice President of Sales for Catalyst International Business Systems. He is an economics graduate from the University of Western Ontario.
 
Robert D. Furst, Jr. has been a Director of Sentry Technology since its inception. Prior thereto he was a Director of Video Sentry Corporation, our predecessor, from January 1993 until February 1997. He was Chairman of the Board of Video Sentry from July 1996 and Chief Executive Officer from August 1996 until February 1997. Mr. Furst was one of the original shareholders of Video Sentry. He is also a founder and managing principal of Alternative Strategy Advisers LLC, an alternative investment management firm. Mr. Furst is a member of the Chicago Board of Trade and has been a securities and commodities trader since 1980. Mr. Furst is a continuing director on the Board of Directors after the completion of the Dialoc ID Investment.
 
Jonathan G. Granoff has been a Director of Sentry Technology since January 8, 2001. Mr. Granoff is the President of the Global Security Institute and United Nations representative for Lawyers Alliance for World Security. He is also Chairman of the American Bar Association Committee on Arms Control and Disarmament. Mr. Granoff has been in the practice of law since 1979. Formerly Mr. Granoff served at Nutri Systems Inc. as an attorney and Director of Franchising.
 
Executive Officers
 
PeterL. Murdoch Our President and Chief Executive Officer since January 8, 2001. Mr. Murdoch has extensive experience in the retail security industry as well as in the sales of technology-based products. He was Managing Director of ID Security Systems Canada, Inc. since its inception in 1987. Beginning in 1997 he has served as member of the management committee of Dialoc ID. Prior to joining ID Security Systems Canada, Inc., Mr. Murdoch was Vice President of Sales for Catalyst International Business Systems. He is an economics graduate from the University of Western Ontario.
 
Joan E. Miller Our Vice President - Finance since January 1, 2007, Ms. Miller is responsible for all accounting functions and financial reporting. Prior to that, Ms. Miller was the Vice President - Controller of Sentry since July 2000, the Controller of Knogo North America Inc. since December 1986 and Assistant Controller for Knogo Corporation since November 1980. Prior to joining Sentry, Ms. Miller worked for Harman Kardon Inc. as Assistant Controller from June 1976 to November 1980 and as Cost Accounting Manager from December 1975 to June 1976. Ms. Miller is a graduate from Hofstra University and is a Certified Public Accountant.


Yearly and Weekly Charts:


The info box is soley for Sec filing info, Press Releases, Charts

  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y
SKVY
Current Price
Volume:
Bid Ask Day's Range
SureTrader
PostSubject
#529   Looking to buy some here!! 0.008 for 5,000.000!! muldoon007 12/21/15 06:58:43 PM
#528   Armani is right,this stock needs news!!But when?? muldoon007 11/23/15 01:03:53 PM
#527   Looks like she's getting ready for liftoff.Breakout to muldoon007 11/18/15 08:57:35 PM
#526   have they cleaned the books gone profitable yet? IN The Mouth Of Madness 11/10/15 02:43:11 PM
#525   any news lately IN The Mouth Of Madness 11/10/15 02:41:13 PM
#524   yep still in long SKVY NICE NEWS TODAY!!!!! king koopa 10/13/15 01:17:45 PM
#523   NEWS Today Retirement 10/13/15 11:16:33 AM
#522   Hey king koopa you still in.Have not heard muldoon007 08/26/15 07:44:08 PM
#521   needs news IN The Mouth Of Madness 07/30/15 04:31:10 PM
#520   looks like they're focusing on their restructuring now king koopa 07/16/15 07:49:45 PM
#519   when is next earnings IN The Mouth Of Madness 07/16/15 06:57:50 PM
#518   it might be, but much longer term.... reducing king koopa 07/14/15 09:43:46 PM
#517   knowing your in, its a 10 bagger IN The Mouth Of Madness 07/14/15 09:34:30 PM
#516   LOTS OF ACCUMULATION......http://stockcharts.com/h-sc/ui?s=SKVY&p=D&b=5&g=0&id=p Roy London 07/12/15 06:37:21 PM
#515   gem here IN The Mouth Of Madness 07/12/15 12:14:11 PM
#514   intro page = complete ! king koopa 07/12/15 10:33:44 AM
#513   hey man, just looking thru older posts here king koopa 07/12/15 10:29:32 AM
#512   i'm a mod!! new IHUB board intro page king koopa 07/09/15 11:07:33 PM
#511   Yep. This one will run big just a PRONEW 07/09/15 09:46:28 PM
#510   last reported revenues $1.2M per quarter.... OS unchanged king koopa 07/09/15 09:18:06 PM
#509   my old 2014 notes, and from the February king koopa 07/09/15 08:49:39 PM
#508   I'm thinking I will have to become a king koopa 07/09/15 08:23:59 PM
#507   I bought 250K on the ask today at king koopa 07/09/15 08:15:11 PM
#506   Tick tick tick..... PRONEW 06/18/15 09:36:36 AM
#505   and no posts ... me likey 514 06/18/15 01:29:11 AM
#504   SKVY heating up Roy London 06/17/15 07:12:50 PM
#503   Big News Today Retirement 02/04/15 02:30:50 PM
#502   Wow, incredibly tight SS here http://www.otcmarkets.com/stock/SKVY/profile StockVision 01/08/15 04:25:55 PM
#501   She looks thin thin thin BeardOfWallSt 01/05/15 03:06:08 PM
#500   even more today! panther14565 04/28/14 10:03:30 AM
#499   Seems to be a little bid interest today panther14565 04/23/14 11:01:54 AM
#498   and all buyers are long sine gone, this panther14565 04/17/14 01:40:41 PM
#497   Until SKVY reports growing sales ,,,the stock will Retirement 04/17/14 01:23:50 PM
#496   No one seems to care........... panther14565 04/17/14 10:52:20 AM
#495   Q4 Yearend Out Retirement 03/29/14 01:17:55 PM
#494   Anyone know the real share structure here? otcbargains 11/14/13 02:00:32 PM
#493   Q3 Numbers out ....OK but no growth yet. Retirement 11/14/13 11:19:38 AM
#492   Its a long term hold. Axle-and-Hub 11/08/13 08:52:52 AM
#491   They now have their product line updated and Retirement 11/07/13 08:08:09 PM
#490   Read all the old post and think this linkvest 11/06/13 08:19:15 PM
#489   It's a pinkie that actually has rev's. Not linkvest 11/06/13 07:55:19 PM
#488   Its not a stock for the impatient. Axle-and-Hub 11/06/13 11:52:21 AM
#487   IT'S ALIVEEEEEE.................... linkvest 11/04/13 11:38:57 AM
#486   Where is every one? This company still a linkvest 10/28/13 10:00:53 AM
#485   SKVY is up by 100% kranthikumar 09/26/13 10:20:23 AM
#484   2nd Quarter report is now out for Sentry (SKVY) Axle-and-Hub 09/18/13 01:31:20 PM
#483   A Correction to my posts regarding Sentry Technology (SKVY) Axle-and-Hub 09/17/13 05:37:23 PM
#482   A surprising announcement from Sentry Technologies SKVY (SKVY.PK) Axle-and-Hub 09/12/13 08:25:40 AM
#481   Bought my first 10K shares in Jan of Retirement 09/04/13 02:30:02 PM
#480   Bought my first shares in 2007 I would panther14565 09/04/13 03:03:28 AM
PostSubject