Tuesday, September 08, 2009 9:57:07 PM
TEAKS1185 CGUD dd post
Com-Guard is a public company which was incorporated in 1998 under the laws of the State of
Nevada. The Company has been doing consulting, strategic development and restructuring for the past
three years. It is in the process to emerge as a leading supplier of transactional software that will charge
a fee to merchants using its “Transactional Cash Engine Software”. A transaction fee will be paid by
the merchant or the cardholder. The fee charged is based on the volume of the transactions completed
by the merchant. “Thanks to the thousands of miles of fiber optic cable laid during the late 1990s, the
speed of computer networks has finally caught up to the speed of the computer processors. Suddenly
computers that were once incompatible and isolated are now linked in a giant network, or "cloud." (A
Motley Fool Special Report). The Company will provide its “Transactional Cash Engine Software” as a
service (SaaS).
http://www.com-guard.com/
SafePCTM Content Filtering and Control
Detect–Protect–REJECT
• Protects users from harmful Internet exposure
• Provides advanced Parental and Administrative control
• Employs real-time Content Filtering for web & email
• Contains patented Image and Text Recognition Technology
• Blocks pornographic, weapon & racist web content
• Limits program usage to specific time periods
• Locks out installation of unauthorized software
• Provides PC control and protects your family
Some Alarming Statistics
11 years old – The average age of the first Internet exposure to pornography*
8 to 16 years old – 90% viewed porn online while doing homework*
20% of men & 13% of women admit to accessing pornography at work*
27% of Fortune 500 companies have been subject to sexual harassment lawsuits related to inappropriate email or Internet use. (ePolicy Institute)
ComputerSafeTM Security Software
Detect – Protect – Notify
ComputerSafe™ detects, protects, and reports a variety computer system security threats, including identity theft and firewall break-ins more effectively than any other product or service. It can also be instrumental in recovering lost or stolen computers.
ComputerSafeTM
Password protect files, folders and the PC against Identity Theft or unauthorized access
Lock, hide and encrypt data to prevent firewall break-ins, new virus and spyware
Monitor keyboard activity, establish alarm criteria and use a camera to capture intrusions
Dispatch immediate notifications of events that violate your configuration settings
While all computers should have anti-virus and firewall protection, these safeguards are only partially effective. Real danger stems from new viruses, spyware and new hacking methods launched over the Internet. Furthermore, these measures do not prevent internal attacks which are more common and often more costly and dangerous than those externally generated.
Com-Guard ProTM with Sensor-CardTM
Detect–Protect–Notify
Remote control, “One-Button” locking like a automobile alarm
Vibration sensor for protecting against physical tampering and theft
External sensor connections to provide site surveillance
Supports Video, Motion and Magnetic sensors
110 decibel siren to sound alarm and scare off intruders
Internal backup power operates if computer is off or unplugged
Battery back-up for continuous protection
ISA-bus or PCI-bus format compatible with most PCs
Restricts unauthorized access to files regardless of method of attack
Encrypted file protection is a user option for additional data security
Keyboard monitoring (records keystrokes) to determine intentions
Tracking of all applications that are started
Event log tracks all events on PC to "back track" activity
Screensaver hides data left on screen from prying eyes until unlocked
Password protection (even configuration settings) allows simple system management
Video capture (optional) to catch violators in the act and collect evidence
Email / Pager / Phone dial out for prompt event notification
SecurePCTM
Total Access Control and System Security
SecurePCTM
Sample of possible applications:
• Host Token Access Control
• Home Office/personal data separation
• Corporate Telecommuter / Family Use
• HIPAA Health privacy regulations
• Multiple OS Laboratory test-bed
• Classroom access controls
• VPN Access Management
• Utilization logging
• Industrial Control / Factory Automation
(IP54 approved)
• Secure / Separated Data Back-up
• Facility Management
Protecting digital assets whether on a single computer or the entire network begins with managing access. The SecurePC™ patented Smart Card technology delivers user access control in a new way. It’s unique internal control unit and patented power distribution system ensures an easy to manage but totally secure environment. Additionally, it tracks all sign-on/off events in a secure log.
SecurePC brings security to a different level through the use of “hard-wired” configurations. It can maintain up to nine independent and isolated configurations within one PC with each one having different user rights and individual privacy of data.
The SecurePC uses a patented built-in security technology to prevent internal tampering and even the out-right theft of the system. Files can be secured in several ways including 256-bit AES encryption. The system can also be configured to send email, SMS or pager notifications in the event of a security violation.
Managing up to eight different bootable hard drives and all other hardware assets, the SecurePC ensures that all activities, including damaging behaviour, on one “System Configuration” never affects the others. This keeps total separation of programs, data and even different operating systems in one PC. Until now, the combination of data security and flexible usage has not been possible on PCs either at home or in the office.
Theft of personal and corporate information has become an immense problem that is growing at an alarming rate. Today, Identity Theft is the leading complaint received by the Federal Trade Commission. Additionally, laptop and desktop computers are prime targets for physical theft since they can be sold into the used computer market. Add to this the growing problem of objectionable content suddenly appearing on the display in your home or office, and one can rapidly recognize that there is a dark side to the technological revolution we’ve experienced. Most recently it has become evident that even the cellular telephone marketplace is experiencing problems with privacy and security violations.
To help deal with these issues, Com-Guard, Inc. has focused its efforts on the design and development of products that provide data and hardware protection, PC access control, the control of program usage, cellular security protection and the filtering of Web and email content.
Corporate Overview
Com-Guard, Inc. was incorporated on October 7, 1998. For the first 3 years of its existence the company spent its time on product development. Beginning in Spring of 2002 the company began marketing and sales activities and is continuing to develop its market channels both in the United States and Internationally.
The primary mission and focus of Com-Guard, Inc. is to develop products for the microcomputer industry that provide cost effective and enhanced system security for both individual users and network administrators.
The Company’s products cover a broad range of applications. Com-Guard Pro™, a patented hardware and software product, includes a Sensor-Card™ circuit board that is installed in the PC to provide a security system against physical tampering, theft, and unauthorized use of the computer and its data.
The software can function in a stand-alone manner to protect the users files, and monitor system events. The software only product is sold under the tradename ComputerSafe™.
The Company also offers an advanced multi-user/multi-purpose SecurePC™ that isolates users and their data from one another and controls multi-network access using smart cards and passwords to grant appropriate user rights.
To address the objectionable content filtering control needs of parents and administrators, Com-Guard offers SafePC™, a leading edge real-time filtering and desktop management/control program.
In addition to the products mentioned above
This group of products provides users of personal computers and wireless devices with various user-selected controls (1) Internet security, (2) file security and content control (including data, programs, websites and e-mail attachments), (3) internal facility security and (4) subscription services to enable ISP and cellular phone service providers to offer a suite of security solutions that protect against today’s most serious threats.
The Company has a patents in the United States, that covers the implementation of the Com-Guard Pro and other hardware products. Copyright law protects software products.
Estimated Market Cap
$2,239,677 as of Sep 4, 2009
Outstanding Shares
69,989,901 as of Jun 30, 2009
Authorized Shares
250,000,000 as of Jun 30, 2009
Number of Share Holders of Record
250 as of Jun 30, 2009
Float
39,000,000 as of Jun 30, 2009
Transfer Agent
Interwest Transfer Co., Inc.
1981 East Murray Holladay Road
Suite 100
Salt Lake City, UT 84117
Recent news:
ENCINITAS, Calif., Aug 31, 2009 /PRNewswire-FirstCall via COMTEX/ -- Com-Guard, Inc. (OTC: CGUD), the technology company that has offered integrated solutions for several computer security markets, announced today that it has been formulating a plan to enter certain software markets including Transaction Processing and Security Software and capitalize on its previous strengths in the distribution and sales of software.
Dr. Edward W. Savarese, CEO and founder said, "We are working hard to procure and develop software products to fit our strategic plan. We have researched different markets and see a need for software to process transactions and to provide security for data."
ENCINITAS, Calif., Sept 02, 2009 /PRNewswire-FirstCall via COMTEX/ -- Com-Guard.com, Inc. (Pink Sheets: CGUD), the technology company that has offered integrated solutions for several computer security markets, announced today that it has completed and submitted its application for the OTC Disclosure and News Service on Pinksheets.com.
Dr. Edward W. Savarese, CEO and founder said, "We are pleased to announce that we have completed the application for the OTC Disclosure and News Service on Pinksheets.com. We have also completed our Disclosure Statement and Financial Statements for FY2008 and FY2009 (unaudited) for Filing on the Pinksheets.com website. After receiving and implementing the proper security measures, we intend to file Disclosure and Financial documents within the next three to five business days."
ENCINITAS, Calif., Sept 08, 2009 /PRNewswire-FirstCall via COMTEX/ -- Com-Guard, Inc. (Pink Sheets: CGUD), the technology company that has offered integrated solutions for several computer security markets, announced today that it has it has signed an exclusive License Agreement for the sales of its Transaction Processing Software with Lightstorm USA Pty, Ltd. Com-Guard will capitalize on its previous strengths in the distribution and sales of software.
Dr. Edward W. Savarese, CEO and founder said, "We are working hard to procure and develop software products to fit our strategic plan. We have researched different markets and saw a need for software to process transactions and to provide security for data." The Company has signed an exclusive Distribution and Licensing agreement for North America, including Canada, Mexico and the Caribbean with Lightstorm USA Pty, Ltd. Also, the company has the right under its contract to apply for other territories.
Lightstorm USA Pty, Ltd. has developed the technology to enable merchants to run rewards programs, payment systems, check cashing systems, pay day loans systems and several other related applications. Lightstorm USA Pty, Ltd. and Com-Guard, Inc. have had a long history of licensing technologies and using its industry knowledge and contacts to implement and repackage those technologies to meet major corporate needs. Com-Guard, Inc. will be able to offer its customers a reduced rate from the current fees charged by major Credit Card companies. The Company expects to immediately commence marketing and sales of its licensed, "Transactional Cash Engine Software."
The Company will commence a sales and marketing program to target four growth opportunities.
Loyalty Card Programs - Retailers are finding it more costly to accept Credit Card payments and develop customer loyalty. The "Transactional Cash Engine Software" technology will allow merchants to combine their loyalty programs with a combined payment technology. The retailer will save transaction fees and the consumer will be rewarded with savings and gifts as decided by the merchant.
Online Payments - Consumers are increasingly using the internet to pay for transactions. And they are concerned about internet fraud and the theft of credit card details. Merchants are searching for ways to transact sales in a secure manner with the least expense.
Pay Day Advance and Money Transfers - The "Transactional Cash Engine Software" is especially suited to allow merchants to secure their pay day advances and to securely transfer money over the internet.
Specialty Payment Programs - Schools, travel companies, restaurants, etc. are looking for ways to have their goods and services paid for without incurring Credit Cards fees. The "Transactional Cash Engine Software" will allow the Company to personalize these payment programs at a reduced rate.
Com-Guard Inc executes exclusive license agreement with Lightstorm USA Pty Ltd for Transaction Processing Software
Sep 08, 2009 (M2 EQUITYBITES via COMTEX) -- Computer security technology provider Com-Guard Inc (Pinksheets:CGUD) said on Tuesday that the company has entered into an exclusive licence agreement with Lightstorm USA Pty Ltd for the sales of its Transaction Processing Software.
Com-Guard will capitalise on its previous strengths in the distribution and sales of software and will launch a sales and marketing programme to target Loyalty Card Programmes, Online Payments, Pay Day Advance, Money Transfers and Speciality Payment Programmes.
According to Com-Guard's CEO and founder, Dr Edward W. Savarese, the company has signed an exclusive distribution and licensing agreement for North America, including Canada, Mexico and the Caribbean, with Lightstorm USA Pty Ltd.
In addition, Com-Guard has the right under its contract to apply for other territories.
Management and Advisors
Dr. Edward W. Savarese
Dr. Savarese is the founder of the Company and is Chairman of the Board of Directors and its Chief Executive Officer. Previously, he held the position of Chief Executive Officer of Imaging Technologies Corporation from 1982 to 1998. From 1981 to 1982, he was director of sales for SofTech Microsystems. From 1978 to 1981, Dr. Savarese was employed by Hewlett Packard Company, leaving as district sales manager supervising a sales force in the marketing of mini- and microcomputers. He holds a Doctorate degree from Columbia University, Teacher's College, with specialization in educational technology and software and systems design. He also holds a Master of Science in administration and management from Pace University.
Joseph P. Sigismonti
Mr. Sigismonti serves as President and Chief Operating Officer for the Company. He has been actively involved in the development, marketing, and sales of computer systems and related products for over 30 years. As an electronics engineer, sales representative, line manager, and corporate executive, he has a proven track record in such well-known companies as McDonnell Douglas, Hewlett Packard, Scientific Atlanta, and Perkin Elmer.
Mr. Sigismonti has developed and directed large, high-technology marketing and sales forces worldwide. He has held positions as Vice President of sales and marketing; Vice President of worldwide sales; and Executive Vice President of operations in companies serving various high-technology markets. Mr. Sigismonti received his Bachelor of Science degree in electrical engineering from Pennsylvania State University.
Alan F. Miller
Mr. Miller serves as Director of Engineering for the Company. He has 20 years of engineering experience. He has held a variety of high technology engineering positions since 1980 for companies including Continental Controls Corporation, Data Electronics, Inc., Imaging Technologies Corporation (formerly Personal Computer Products, Inc.), Internet Magic, Inc., and Staff Training Solutions. He has worked on a variety of products and technologies, including: component level testing for national defense systems, analog and digital turbine controls, memory products, robotics, laser printers, facsimile machines, internet technologies, etc. In 1984, he received a Bachelor of Science degree in computer science from National University in San Diego.
Board of Directors
Dr. Edward W. Savarese is the founder of the Company and is Chairman of the Board of Directors and its Chief Executive Officer.
Joseph P. Sigismonti serves on the Board and as President and Chief Operating Officer for the Company.
Dr. Edward H. Currie is a director of the Company. He has more than twenty years of senior management experience in domestic and international microcomputer-related software publishing and hardware manufacturing. Since 1988, Dr. Currie has been president and chief executive officer of ImageSoft, Inc., an international software publisher. From 1981 to 1988, he was chairman, president, and chief executive officer of Lifeboat, a software publishing company. From 1978 to 1981, Dr. Currie served as vice president of product management for the Microsystems Division of Pertec Computer Corp., a supplier of magnetic tape storage devices and microcomputer peripherals. From 1975 to 1978, he was Executive Vice President and General Manager for MITS, the creator of the first microcomputer personal computer, which was subsequently acquired by Pertec. Dr. Currie is a co-founder of PC Magazine, the largest circulation magazine on the personal computer. He also is the founder of C++ Journal and publisher of The PostScript Journal. He has published many articles, including technical articles in U.S. and international trade magazines. He holds BSEE, MS Physics, and Ph.D. Physics from the University of Miami.
Irwin Roth was appointed CEO, Chairman of the Board and Director of V Entertainment, Ltd. upon its formation. Mr. Roth also serves as the Chairman, CEO and Director of On-line Entertainment Network, Inc. and GlobalNet Systems, Ltd. since their formation. Mr. Roth has been a practicing attorney for over 40 years in New York City, where he specializes in securities and entertainment law. In past years, he has served as a director and officer of numerous companies and is presently Chairman and CEO of Color Q, Inc. (a public company) in Dayton, Ohio. He also served as Chairman and CEO of Platinum Entertainment Group, Inc., in Hollywood, California. He received his B.A. degree in Political Science in 1952 and a Juris Doctor degree in 1955 from the University of Michigan.
Gerry Berg serves on the Board and advises on key financial matters for the Company. Mr. Berg is an experienced financial manager. He has many years' experience serving as a financial consultant to private and public companies and in executive capacities, including chief financial officer, for publicly traded companies, including Imaging Technologies Corporation and Greenland Corporation. Mr. Berg is a Certified Public Accountant and served six years with Deloitte+Touche. He holds a Bachelor's degree in accounting from Walsh College.
Advisory Board Members
Nolan Bushnell is the founder and currently the CEO of uWink.com, Inc., a provider of Internet-networked games and e-commerce terminals to retail establishments such as airports, bars and restaurants. Mr. Bushnell, considered the "Father of the Video Game Industry", is best known as the founder of Atari Corporation and Chuck E. Cheese's Pizza Time Theater. Mr. Bushnell received his B. S. in Electrical Engineering in 1968 from the University of Utah, where he is a "Distinguished Fellow", and also attended Stanford University Graduate School.
Robert (“Bobby”) Orbach is the founder and president of B. Orbach, Inc., which was founded in May 1990 to establish and create strategic alliances for technology companies. Earlier in his career, Mr. Orbach served as Vice President, Business Development, at 47th Street Photo, Computer Division, one of the earliest PC discount retailers.
Com-Guard is a public company which was incorporated in 1998 under the laws of the State of
Nevada. The Company has been doing consulting, strategic development and restructuring for the past
three years. It is in the process to emerge as a leading supplier of transactional software that will charge
a fee to merchants using its “Transactional Cash Engine Software”. A transaction fee will be paid by
the merchant or the cardholder. The fee charged is based on the volume of the transactions completed
by the merchant. “Thanks to the thousands of miles of fiber optic cable laid during the late 1990s, the
speed of computer networks has finally caught up to the speed of the computer processors. Suddenly
computers that were once incompatible and isolated are now linked in a giant network, or "cloud." (A
Motley Fool Special Report). The Company will provide its “Transactional Cash Engine Software” as a
service (SaaS).
http://www.com-guard.com/
SafePCTM Content Filtering and Control
Detect–Protect–REJECT
• Protects users from harmful Internet exposure
• Provides advanced Parental and Administrative control
• Employs real-time Content Filtering for web & email
• Contains patented Image and Text Recognition Technology
• Blocks pornographic, weapon & racist web content
• Limits program usage to specific time periods
• Locks out installation of unauthorized software
• Provides PC control and protects your family
Some Alarming Statistics
11 years old – The average age of the first Internet exposure to pornography*
8 to 16 years old – 90% viewed porn online while doing homework*
20% of men & 13% of women admit to accessing pornography at work*
27% of Fortune 500 companies have been subject to sexual harassment lawsuits related to inappropriate email or Internet use. (ePolicy Institute)
ComputerSafeTM Security Software
Detect – Protect – Notify
ComputerSafe™ detects, protects, and reports a variety computer system security threats, including identity theft and firewall break-ins more effectively than any other product or service. It can also be instrumental in recovering lost or stolen computers.
ComputerSafeTM
Password protect files, folders and the PC against Identity Theft or unauthorized access
Lock, hide and encrypt data to prevent firewall break-ins, new virus and spyware
Monitor keyboard activity, establish alarm criteria and use a camera to capture intrusions
Dispatch immediate notifications of events that violate your configuration settings
While all computers should have anti-virus and firewall protection, these safeguards are only partially effective. Real danger stems from new viruses, spyware and new hacking methods launched over the Internet. Furthermore, these measures do not prevent internal attacks which are more common and often more costly and dangerous than those externally generated.
Com-Guard ProTM with Sensor-CardTM
Detect–Protect–Notify
Remote control, “One-Button” locking like a automobile alarm
Vibration sensor for protecting against physical tampering and theft
External sensor connections to provide site surveillance
Supports Video, Motion and Magnetic sensors
110 decibel siren to sound alarm and scare off intruders
Internal backup power operates if computer is off or unplugged
Battery back-up for continuous protection
ISA-bus or PCI-bus format compatible with most PCs
Restricts unauthorized access to files regardless of method of attack
Encrypted file protection is a user option for additional data security
Keyboard monitoring (records keystrokes) to determine intentions
Tracking of all applications that are started
Event log tracks all events on PC to "back track" activity
Screensaver hides data left on screen from prying eyes until unlocked
Password protection (even configuration settings) allows simple system management
Video capture (optional) to catch violators in the act and collect evidence
Email / Pager / Phone dial out for prompt event notification
SecurePCTM
Total Access Control and System Security
SecurePCTM
Sample of possible applications:
• Host Token Access Control
• Home Office/personal data separation
• Corporate Telecommuter / Family Use
• HIPAA Health privacy regulations
• Multiple OS Laboratory test-bed
• Classroom access controls
• VPN Access Management
• Utilization logging
• Industrial Control / Factory Automation
(IP54 approved)
• Secure / Separated Data Back-up
• Facility Management
Protecting digital assets whether on a single computer or the entire network begins with managing access. The SecurePC™ patented Smart Card technology delivers user access control in a new way. It’s unique internal control unit and patented power distribution system ensures an easy to manage but totally secure environment. Additionally, it tracks all sign-on/off events in a secure log.
SecurePC brings security to a different level through the use of “hard-wired” configurations. It can maintain up to nine independent and isolated configurations within one PC with each one having different user rights and individual privacy of data.
The SecurePC uses a patented built-in security technology to prevent internal tampering and even the out-right theft of the system. Files can be secured in several ways including 256-bit AES encryption. The system can also be configured to send email, SMS or pager notifications in the event of a security violation.
Managing up to eight different bootable hard drives and all other hardware assets, the SecurePC ensures that all activities, including damaging behaviour, on one “System Configuration” never affects the others. This keeps total separation of programs, data and even different operating systems in one PC. Until now, the combination of data security and flexible usage has not been possible on PCs either at home or in the office.
Theft of personal and corporate information has become an immense problem that is growing at an alarming rate. Today, Identity Theft is the leading complaint received by the Federal Trade Commission. Additionally, laptop and desktop computers are prime targets for physical theft since they can be sold into the used computer market. Add to this the growing problem of objectionable content suddenly appearing on the display in your home or office, and one can rapidly recognize that there is a dark side to the technological revolution we’ve experienced. Most recently it has become evident that even the cellular telephone marketplace is experiencing problems with privacy and security violations.
To help deal with these issues, Com-Guard, Inc. has focused its efforts on the design and development of products that provide data and hardware protection, PC access control, the control of program usage, cellular security protection and the filtering of Web and email content.
Corporate Overview
Com-Guard, Inc. was incorporated on October 7, 1998. For the first 3 years of its existence the company spent its time on product development. Beginning in Spring of 2002 the company began marketing and sales activities and is continuing to develop its market channels both in the United States and Internationally.
The primary mission and focus of Com-Guard, Inc. is to develop products for the microcomputer industry that provide cost effective and enhanced system security for both individual users and network administrators.
The Company’s products cover a broad range of applications. Com-Guard Pro™, a patented hardware and software product, includes a Sensor-Card™ circuit board that is installed in the PC to provide a security system against physical tampering, theft, and unauthorized use of the computer and its data.
The software can function in a stand-alone manner to protect the users files, and monitor system events. The software only product is sold under the tradename ComputerSafe™.
The Company also offers an advanced multi-user/multi-purpose SecurePC™ that isolates users and their data from one another and controls multi-network access using smart cards and passwords to grant appropriate user rights.
To address the objectionable content filtering control needs of parents and administrators, Com-Guard offers SafePC™, a leading edge real-time filtering and desktop management/control program.
In addition to the products mentioned above
This group of products provides users of personal computers and wireless devices with various user-selected controls (1) Internet security, (2) file security and content control (including data, programs, websites and e-mail attachments), (3) internal facility security and (4) subscription services to enable ISP and cellular phone service providers to offer a suite of security solutions that protect against today’s most serious threats.
The Company has a patents in the United States, that covers the implementation of the Com-Guard Pro and other hardware products. Copyright law protects software products.
Estimated Market Cap
$2,239,677 as of Sep 4, 2009
Outstanding Shares
69,989,901 as of Jun 30, 2009
Authorized Shares
250,000,000 as of Jun 30, 2009
Number of Share Holders of Record
250 as of Jun 30, 2009
Float
39,000,000 as of Jun 30, 2009
Transfer Agent
Interwest Transfer Co., Inc.
1981 East Murray Holladay Road
Suite 100
Salt Lake City, UT 84117
Recent news:
ENCINITAS, Calif., Aug 31, 2009 /PRNewswire-FirstCall via COMTEX/ -- Com-Guard, Inc. (OTC: CGUD), the technology company that has offered integrated solutions for several computer security markets, announced today that it has been formulating a plan to enter certain software markets including Transaction Processing and Security Software and capitalize on its previous strengths in the distribution and sales of software.
Dr. Edward W. Savarese, CEO and founder said, "We are working hard to procure and develop software products to fit our strategic plan. We have researched different markets and see a need for software to process transactions and to provide security for data."
ENCINITAS, Calif., Sept 02, 2009 /PRNewswire-FirstCall via COMTEX/ -- Com-Guard.com, Inc. (Pink Sheets: CGUD), the technology company that has offered integrated solutions for several computer security markets, announced today that it has completed and submitted its application for the OTC Disclosure and News Service on Pinksheets.com.
Dr. Edward W. Savarese, CEO and founder said, "We are pleased to announce that we have completed the application for the OTC Disclosure and News Service on Pinksheets.com. We have also completed our Disclosure Statement and Financial Statements for FY2008 and FY2009 (unaudited) for Filing on the Pinksheets.com website. After receiving and implementing the proper security measures, we intend to file Disclosure and Financial documents within the next three to five business days."
ENCINITAS, Calif., Sept 08, 2009 /PRNewswire-FirstCall via COMTEX/ -- Com-Guard, Inc. (Pink Sheets: CGUD), the technology company that has offered integrated solutions for several computer security markets, announced today that it has it has signed an exclusive License Agreement for the sales of its Transaction Processing Software with Lightstorm USA Pty, Ltd. Com-Guard will capitalize on its previous strengths in the distribution and sales of software.
Dr. Edward W. Savarese, CEO and founder said, "We are working hard to procure and develop software products to fit our strategic plan. We have researched different markets and saw a need for software to process transactions and to provide security for data." The Company has signed an exclusive Distribution and Licensing agreement for North America, including Canada, Mexico and the Caribbean with Lightstorm USA Pty, Ltd. Also, the company has the right under its contract to apply for other territories.
Lightstorm USA Pty, Ltd. has developed the technology to enable merchants to run rewards programs, payment systems, check cashing systems, pay day loans systems and several other related applications. Lightstorm USA Pty, Ltd. and Com-Guard, Inc. have had a long history of licensing technologies and using its industry knowledge and contacts to implement and repackage those technologies to meet major corporate needs. Com-Guard, Inc. will be able to offer its customers a reduced rate from the current fees charged by major Credit Card companies. The Company expects to immediately commence marketing and sales of its licensed, "Transactional Cash Engine Software."
The Company will commence a sales and marketing program to target four growth opportunities.
Loyalty Card Programs - Retailers are finding it more costly to accept Credit Card payments and develop customer loyalty. The "Transactional Cash Engine Software" technology will allow merchants to combine their loyalty programs with a combined payment technology. The retailer will save transaction fees and the consumer will be rewarded with savings and gifts as decided by the merchant.
Online Payments - Consumers are increasingly using the internet to pay for transactions. And they are concerned about internet fraud and the theft of credit card details. Merchants are searching for ways to transact sales in a secure manner with the least expense.
Pay Day Advance and Money Transfers - The "Transactional Cash Engine Software" is especially suited to allow merchants to secure their pay day advances and to securely transfer money over the internet.
Specialty Payment Programs - Schools, travel companies, restaurants, etc. are looking for ways to have their goods and services paid for without incurring Credit Cards fees. The "Transactional Cash Engine Software" will allow the Company to personalize these payment programs at a reduced rate.
Com-Guard Inc executes exclusive license agreement with Lightstorm USA Pty Ltd for Transaction Processing Software
Sep 08, 2009 (M2 EQUITYBITES via COMTEX) -- Computer security technology provider Com-Guard Inc (Pinksheets:CGUD) said on Tuesday that the company has entered into an exclusive licence agreement with Lightstorm USA Pty Ltd for the sales of its Transaction Processing Software.
Com-Guard will capitalise on its previous strengths in the distribution and sales of software and will launch a sales and marketing programme to target Loyalty Card Programmes, Online Payments, Pay Day Advance, Money Transfers and Speciality Payment Programmes.
According to Com-Guard's CEO and founder, Dr Edward W. Savarese, the company has signed an exclusive distribution and licensing agreement for North America, including Canada, Mexico and the Caribbean, with Lightstorm USA Pty Ltd.
In addition, Com-Guard has the right under its contract to apply for other territories.
Management and Advisors
Dr. Edward W. Savarese
Dr. Savarese is the founder of the Company and is Chairman of the Board of Directors and its Chief Executive Officer. Previously, he held the position of Chief Executive Officer of Imaging Technologies Corporation from 1982 to 1998. From 1981 to 1982, he was director of sales for SofTech Microsystems. From 1978 to 1981, Dr. Savarese was employed by Hewlett Packard Company, leaving as district sales manager supervising a sales force in the marketing of mini- and microcomputers. He holds a Doctorate degree from Columbia University, Teacher's College, with specialization in educational technology and software and systems design. He also holds a Master of Science in administration and management from Pace University.
Joseph P. Sigismonti
Mr. Sigismonti serves as President and Chief Operating Officer for the Company. He has been actively involved in the development, marketing, and sales of computer systems and related products for over 30 years. As an electronics engineer, sales representative, line manager, and corporate executive, he has a proven track record in such well-known companies as McDonnell Douglas, Hewlett Packard, Scientific Atlanta, and Perkin Elmer.
Mr. Sigismonti has developed and directed large, high-technology marketing and sales forces worldwide. He has held positions as Vice President of sales and marketing; Vice President of worldwide sales; and Executive Vice President of operations in companies serving various high-technology markets. Mr. Sigismonti received his Bachelor of Science degree in electrical engineering from Pennsylvania State University.
Alan F. Miller
Mr. Miller serves as Director of Engineering for the Company. He has 20 years of engineering experience. He has held a variety of high technology engineering positions since 1980 for companies including Continental Controls Corporation, Data Electronics, Inc., Imaging Technologies Corporation (formerly Personal Computer Products, Inc.), Internet Magic, Inc., and Staff Training Solutions. He has worked on a variety of products and technologies, including: component level testing for national defense systems, analog and digital turbine controls, memory products, robotics, laser printers, facsimile machines, internet technologies, etc. In 1984, he received a Bachelor of Science degree in computer science from National University in San Diego.
Board of Directors
Dr. Edward W. Savarese is the founder of the Company and is Chairman of the Board of Directors and its Chief Executive Officer.
Joseph P. Sigismonti serves on the Board and as President and Chief Operating Officer for the Company.
Dr. Edward H. Currie is a director of the Company. He has more than twenty years of senior management experience in domestic and international microcomputer-related software publishing and hardware manufacturing. Since 1988, Dr. Currie has been president and chief executive officer of ImageSoft, Inc., an international software publisher. From 1981 to 1988, he was chairman, president, and chief executive officer of Lifeboat, a software publishing company. From 1978 to 1981, Dr. Currie served as vice president of product management for the Microsystems Division of Pertec Computer Corp., a supplier of magnetic tape storage devices and microcomputer peripherals. From 1975 to 1978, he was Executive Vice President and General Manager for MITS, the creator of the first microcomputer personal computer, which was subsequently acquired by Pertec. Dr. Currie is a co-founder of PC Magazine, the largest circulation magazine on the personal computer. He also is the founder of C++ Journal and publisher of The PostScript Journal. He has published many articles, including technical articles in U.S. and international trade magazines. He holds BSEE, MS Physics, and Ph.D. Physics from the University of Miami.
Irwin Roth was appointed CEO, Chairman of the Board and Director of V Entertainment, Ltd. upon its formation. Mr. Roth also serves as the Chairman, CEO and Director of On-line Entertainment Network, Inc. and GlobalNet Systems, Ltd. since their formation. Mr. Roth has been a practicing attorney for over 40 years in New York City, where he specializes in securities and entertainment law. In past years, he has served as a director and officer of numerous companies and is presently Chairman and CEO of Color Q, Inc. (a public company) in Dayton, Ohio. He also served as Chairman and CEO of Platinum Entertainment Group, Inc., in Hollywood, California. He received his B.A. degree in Political Science in 1952 and a Juris Doctor degree in 1955 from the University of Michigan.
Gerry Berg serves on the Board and advises on key financial matters for the Company. Mr. Berg is an experienced financial manager. He has many years' experience serving as a financial consultant to private and public companies and in executive capacities, including chief financial officer, for publicly traded companies, including Imaging Technologies Corporation and Greenland Corporation. Mr. Berg is a Certified Public Accountant and served six years with Deloitte+Touche. He holds a Bachelor's degree in accounting from Walsh College.
Advisory Board Members
Nolan Bushnell is the founder and currently the CEO of uWink.com, Inc., a provider of Internet-networked games and e-commerce terminals to retail establishments such as airports, bars and restaurants. Mr. Bushnell, considered the "Father of the Video Game Industry", is best known as the founder of Atari Corporation and Chuck E. Cheese's Pizza Time Theater. Mr. Bushnell received his B. S. in Electrical Engineering in 1968 from the University of Utah, where he is a "Distinguished Fellow", and also attended Stanford University Graduate School.
Robert (“Bobby”) Orbach is the founder and president of B. Orbach, Inc., which was founded in May 1990 to establish and create strategic alliances for technology companies. Earlier in his career, Mr. Orbach served as Vice President, Business Development, at 47th Street Photo, Computer Division, one of the earliest PC discount retailers.
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