endorsed by NASA as the code of choice:
Direct: (763) 253-2670
Toll Free: (866) 546-1011
Fax: (763) 253-0503
2445 Winnetka Avenue N.
Golden Valley, MN 55427
Veritec Inc. (OTCQB: VRTC) is the pioneer and patent holder of two dimensional (2D) matrix coding technology. The company developed and markets its patented VeriCode® and VSCode®. These codes are machine writable and readable, have high data density capabilities, and can be used as a secure portable data storage system. These features give VeriCode® and VSCode® many advantages over other 1D and 2D codes.
Veritec, Inc., together with its subsidiaries, engages in the development, marketing, sale, and licensing of products and rendering of services related to its proprietary two-dimensional matrix symbology (2D barcodes) and mobile banking solutions. The company's products include VeriCode, a product identification system for identification and tracking of manufactured parts, components, and products; VSCode, a derivative of the VeriCode symbol with the ability to encrypt large data by increasing data density, as well as used for secure identification documents, such as national identification cards, driver's licenses, voter registration cards, financial cards, medical records, and other high security applications; PhoneCodes product platform, which is used to send, store, display, and read a VeriCode symbol on the LCD screen of a mobile phone; and VeriSuite card enrollment system that gives governments and businesses the ability to provide cardholders with an identity card containing VSCode barcode technology, as well as offers secure Bio-ID cards consisting of citizen identification, employee cards, health benefit cards, border control cards, and financial cards. It also provides Mobile Toggle Card mobile banking software platform, a debit based, pre-paid and gift card solution that is licensed to debit card issuers and sponsoring organizations. In addition, the company enables card issuers and sponsors to issue debit, pre-paid, and gift cards under its own branded programs through licensed use of the mobile banking platform and related professional services; and offers back-end card processing services to the card issuing institutions for various cardholder transactions on the licensed platform. Veritec provides its products and services principally to customers in the LCD manufacturing industry in the United States, Japan, Korea, Taiwan, and Germany. The company was founded in 1982 and is based in Golden Valley, Minnesota.
: http://finance.yahoo.com/q/sec?s=VRTC.PK+SEC+Filings OTCQB information: http://www.otcmarkets.com/stock/VRTC/quote Stock Chart: http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=vrtc&insttype=&freq=&show
= VRTC MAJOR DD- IMO What is to come here:
The DD is below, the main points in bold. What I get from all this DD is an insight into what we're going to see coming from this company. IMO, now that the company has gotten its patents in order and entered into the agreement with NIS, the are probably ready to start receiving contracts & commitments
from major companies for their technology. If any kind of contract news is announced with a major company (such as a Fortune 500 company), the $5 million market cap this stock currently has is going to be significantly undervalued. Companies like J.P. Morgan Chase for example do not deal in the <5 million range very often. http://www.americanbanker.com/issues/176_226/jpmorgan-chase-emv-british-airways-chip-card-1044261-1.html
You can see they are already moving into this kind of technology themselves. In 2004 Veritec was recognized by DELOITTE (ever heard of them? Huge company- like Ernst and Young) as the 3rd fastest growing technology company in MINNESOTA http://www.veritecinc.com/index.php?option=com_content&view=article&id=55:veritec-recognized-as-one-of-the-fastest-growing-technology-companies-in-minnesota&catid=17:news-and-events&Itemid=38 Since then Veritec has been working on its patents more & getting things in order, and I think that the next year is going to be their big unveiling of their plans.
Now, this is all speculation but I think with the DD I have tied together, proven than all the banks they have previously had contract agreements with have existed (Via FDIC insured website) and the patents exist via the US government patent website, that VRTC is about to unveil some SIGNIFICANT news on either contracts with some very large companies or maybe even offers to buy the technology. Either one, it would be good for shareholders.
This is all in my OPINION and speculation. Form your own.
The MOST SHARES they could dilute us with according to the most recent 10Q is ~ 6,000,000.
As of an OLD SEC filing: The Company has a portfolio of five United States and eight foreign patents. In addition, we have seven U.S. and twenty-eight foreign pending patent applications .
Most recent news- we have a 20 Patent Portfolio http://www.otcmarkets.com/stock/VRTC/news This is all the company COULD POSSIBLY dilute us with:
There were 6,789,717 and 6,253,328
potentially dilutive securities as of September 30, 2011 and 2010, respectively.
The above was taken directly from the most recent 10-Q. Veritec Management team: http://www.veritecinc.com/index.php?option=com_content&view=article&id=17&Itemid=30 Does she look like shes in the penny stock market to scam us?? No...IMO. Read her bio on the website. VRTC also has the former lead experimental developer for the world's largest Proton Accelerator at the U of M work on their team (see management page)
They also have Sam Rollins, who led the team that developed Nike's Global Financial and Product Design network, and their Information Security program. VRTC has former contract with Security First Bank of FRESNO, CA: Here is the FDIC website link to prove the bank is legitimate:
On January 12, 2009, Veritec formed VTFS, a Delaware corporation, to bring its Mobile Banking Technology, products and related professional services to market. In May 2009 Veritec was registered by Security First Bank in Visa's Third Party Registration Program as a Cardholder Independent Sales Organization and Third-Party Servicer. As a Cardholder Independent Sales Organization, Veritec was able to promote and sell Visa branded card programs. As a Third-Party Servicer, Veritec provided back-end cardholder transaction processing services for Visa branded card programs on behalf of Security First Bank. As of October 2010 the Company's registration with Security First Bank terminated. As of April 2011 the Company signed an ISO and processor agreement with Palm Desert National Bank (which was later assigned to First California Bank) to market and process the Company's Visa branded card program on behalf of the bank. http://www.fdic.gov/bank/individual/enforcement/2011-04-02.pdf
SECURITY FIRST BANK //FDIC gov website http://www.fcbank.com/ https://www.pdnb.com/
Your Bank at a Glance as of 11/17/2011 .
First California Bank (FDIC Cert: 22819) is FDIC Insured.
First California Bank has been FDIC insured since February 27, 1979.
It was established on February 27, 1979.
Its main office (headquarters) is located at:
3027 Townsgate Rd # 300
Westlake Village, California 91361
County of Ventura
Palm Desert National Bank (FDIC Cert: 23632) is FDIC Insured.
Palm Desert National Bank has been FDIC insured since December 7, 1981.
It was established on December 7, 1981.
Its main office (headquarters) is located at:
73-745 El Paseo Drive
Palm Desert, California 92260
County of Riverside THESE ARE ALL REAL, legitimate companies.
www.fdic.gov Search them on there for confirmation. Veritec Recognized as One of the Fastest Growing Technology Companies in Minnesota
FOR IMMEDIATE RELEASE
VERITEC RECOGNIZED AS ONE OF THE FASTEST GROWING TECHNOLOGY COMPANIES IN MINNESOTA
GOLDEN VALLEY, MINNESOTA, OCTOBER 20, 2004 - VERITEC, INC.
Golden Valley, MN-October 20, 2004-Veritec, Inc., a Golden Valley, Minnesota, based developer and provider of high data density bar coding for the manufacturing and security industries, has been recognized as one of the fastest growing technology companies in Minnesota. Deloitte & Touche, LLP,
one of the country's largest accounting and professional service firms, named Veritec as the third fastest growing technology company as part of its prestigious "Technology Fast 50 Program for Minnesota", a ranking of the fifty fastest growing technology companies.
DELOITTE IS HUGE. LINK TO US PATENT OFFICE PROVING PATENTS REAL TOO: http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO1&Sect2=HITOFF&d=PALL&p=1&u=%2Fnetahtml%2FPTO%2Fsrchnum.htm&r=1&f=G&l=50&s1=7,159,780.PN.&OS=PN/7,159,780&RS=PN/7,159,780
And the VRTC website has been around for a long time:
1430 Orkla Dr.
Golden Valley, MN 55427
Domain Name: VERITECINC.COM
Inc., Veritec [email protected]
2445 Winnetka Ave. N.
Golden Valley, MN 55427
fax: (763) 253-0503
Hostmaster, Vector [email protected]
180 East 5th St.
Saint Paul, MN 44101
Record expires on 19-Oct-2016.
Record created on 19-Oct-1999.
Database last updated on 23-Nov-2011 17:13:30 EST.
Domain servers in listed order:
Registrar: NETWORK SOLUTIONS, LLC.
Whois Server: whois.networksolutions.com
Creation Date: 19-OCT-1999
Updated Date: 25-OCT-2011
Expiration Date: 19-OCT-2016
Registry Status: clientTransferProhibited
See Underlying Registry Data VERY IMPORTANT LINKS RELATED TO VRTC:
PATENT NUMBER SEARCH: http://patft.uspto.gov/netahtml/PTO/srchnum.htm
BANK VERIFICATION FDIC: http://www.fdic.gov
(search the banks here they have contracts with) CHARTS FOR VRTC:
VRTC - Daily Candlesticks