Aluf Holdings Inc (AHIX)

[Slojab]

Biometrics, eh?

On October 12, 2012 (oops?) the Company created a new operating entity, Aluf Biometrics, Inc. The new operational subsidiary will focus on biometrics acquisitions and applications.
On October 28, 2015 the Company entered into a joint venture agreement with a private investment group to purchase the assets of a leading biometric software innovator which will be transferred to the newly created Aluf Biometrics, Inc. The investor will provide a line of credit of up to $5,000,000 to complete the asset acquisition, update and expand its authentication software, marketing and expansion of its current sales pipeline, provide working capital, and to 28
acquire other fixed and capital assets.