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Transfer Agent updated...
It must have just been changed as I called the other one and they never heard of Vote Power. The new one that changed on Pink Sheets has been updated in the Ibox. Still trying to get a number.
From an old filing about them. It looks like they were the ones who got this new management team on board. And what a team it is imo..
6.0 Investment Banking Services.
New Management shall retain the services of Mezzanine Finance Fund LLC.
("Mezzanine") to advise it on its takeover of management of Company and to
perform the detail work required.
7.0 Compensation To Investment Banker.
For services received, New Management shall pay to Mezzanine compensation in
the amount of two hundred thousand dollars ($200,000) in the following manner.
New Management has previously paid a retainer to Mezzanine of fifty thousand
dollars ($50,000) and the remaining one hundred fifty thousand dollars
($150,000) are to be paid upon completion of the intended management change and
from proceeds of initial capital raising transaction.
From the article "Voting gear out for count," published in the December 18 edition of The Denver Post:
Colorado's looming primary and presidential elections were thrown into turmoil Monday when many of the state's electronic voting machines were deemed unreliable and unsecure by Secretary of State Mike Coffman.
It's not yet clear if the move means counties will need to purchase new equipment or if they can work with machine-makers and the secretary of state to reassure voters and the state that the equipment works.
It is clear that Coffman's decision to "decertify" machines made by three of four manufacturers -- Sequoia Voting System, Hart InterCivic and Election Systems and Software, or ES&S -- will have far-reaching impact, Coffman and others said.
Competitor issues:
The widespread doubts about e-voting follow last year's release of reports prepared by elections officials in California and Ohio that found critical vulnerabilities in all the machines currently in use. Among the findings:
* An un-patched Windows 2000 server used by systems made by Premier Election Systems (formerly Diebold) left them open to a host of documented vulnerabilities that could allow it to be controlled by an attacker.
* An undisclosed account in the software made by Hart InterCivic could allow an attacker to gain unauthorized access to officials' election management database.
* Physical locks in Sequoia's Edge system could be bypassed by unfastening screws.
New Voting Systems wanted:
CVF in the News:
"How could you even consider Diebold? Diebold is well-known (to be) partisan." said activist Phoebe Sorgen. "It's a $17.8 million scam. Please say no to the machines that count our ballots in secret."
Ginnold, the elections chief, said if the county failed to buy its planned "hybrid" system of mostly optical scanners by January 2007, the federal Help America Vote Act would require any new system be fully accessible to disabled voters. In general, that would mean every machine in every polling place would have to be a touch screen, she said.
Negotiating for a new system "essentially leaves us more options," said Haggerty. "We need to advance into the future."
What the law actually says is that after January 2007, no federal funds may be used to purchase new voting systems that are not fully accessible to disabled voters.
According to VPWR's filing:
Vote Power - only vendor with the solution for the American disabled voters.
------------------------------------------------------------
Recent article:
State board settles on 3 voting machines
All meet federal accessible-to-disabled law. Now, each county has to pick one.
Monday, January 28, 2008
By John Mariani
Staff writer
The state Board of Elections on Thursday approved three new voting machines accessible to the disabled and gave county election officials the option of choosing among them to comply with the Help America Vote Act.
One of the machines selected is an optical scanner that uses paper ballots that voters fill in with a pen, much like standardized tests. The other machines, which were approved pending minor modifications, are "auto markers" that create paper ballots complete with a record of voters' choices.
HAVA requires at least one machine accessible for disabled voters in each polling place. Counties must have the new machines in place by the fall elections.
The board still needs to decide how to replace the state's lever-action voting machines. Those must be selected by Oct. 23, 2008, and in place for the fall 2009 elections.
For those who came in late, here's a primer on HAVA and the issues New York state and Onondaga County officials have confronted in trying to put it in action.
HAVA's heart
Congress passed the Help America Vote Act in 2002 in reaction to Florida's contested presidential election outcome two year earlier. It requires states to ensure that people with disabilities can vote with the same degree of privacy as other voters. This has forced most jurisdictions to replace their old voting methods lever machines, punch cards and the like with systems that use technologies that are friendlier to voters with disabilities.
Blown deadlines
The states were supposed to meet HAVA's requirements by
the first federal election of 2006. But New York didn't have its enabling legislation in place until summer 2005 and still has not certified replacement voting systems for use.
System basics
Most communities nationwide have opted to use one of two computer-based systems. With scanner-based systems, voters mark paper ballots that are scanned at the polling place. The scanner compiles the votes for reporting once the polls close; the paper ballots are kept as a way of verifying the vote if there is a recount or a question over the results. Voters with disabilities use special electronic devices called ballot markers to help them prepare their ballots for scanning.
Direct Recording Electric devices, or DREs, are akin to automated teller machines. Voters push buttons or touch screens to indicate their choices. DREs come equipped with audio instructions, sip-and-puff tubes and other devices to help voters with disabilities cast ballots.
Questions and concerns
Groups that back scanners, including the New York League of Women Voters and New Yorkers for Verified Voting, say DREs are too unreliable and prone to tampering to be trusted. While scanners also have computers at their heart, the paper ballots filled by voters provide an indisputable record of voter intent, fans say.
DRE advocates, including many of New York's county election commissioners, say voters with disabilities may need help inserting their paper ballots into privacy sleeves before they are scanned, violating HAVA's privacy requirement. DREs are no less reliable than the lever machines now in use and are cheaper in the long run to operate than scanners, they argue.
New York wrinkles
To cope with the question of voter intent, New York lawmakers required that replacement systems provide a "voter-verifiable paper audit trail" - VVPAT, in elections lingo. This made DRE manufacturers come up with machines that, besides tabulating votes electronically, also print out each voter's choices so the voters can review and approve them before casting their ballots. Those receipts are stored in the machine for use in recounts.
Instead of mandating the use of a specific system across the state, the Legislature left the choice of which system to adopt to the election commissioners in each county. They are to choose a system off a list of machines certified by the state Board of Elections.
As part of the certification process, each manufacturer is to provide the state with the source code for its systems, the programming on which their machines' computer software is based.
Unlike most other states, New York requires that voters see a full-face ballot, a grid that contains all offices being contested and the candidates vying for them.
Big bucks at stake
The federal government promised the states money to help them change systems. New York's share, $230 million, included $190 million to help the counties replace their lever machines. The rest was for the installation of a statewide voter registration database, training and other support. Federal officials threatened to punish the state by withdrawing nearly $50 million from that pot, but Congress restored the money last fall in the military funding bill, said Lee Daghlian, speaking for the state Board of Elections.
Why New York is late
Manufacturers had a hard time coming up with machines and software that could accommodate the full-faced ballot and VVPAT requirements; some opted not even to try.
State officials also had a hard time finding a company qualified to certify equipment; one testing lab wound up being disqualified, setting back the process by months.
The source code requirement is a major hang-up. Most voting system manufacturers use Microsoft Corp. operating systems and Microsoft is reluctant to make its proprietary source coding public.
The court case
The federal Department of Justice sued New York in 2006 to force the state to comply with HAVA. A settlement that year allowed the counties to install as few as one ballot marker in 2006 elections to accommodate voters with disabilities. A state law passed allowed the continued use of lever machines in 2007 elections.
On Dec. 21, U.S. District Judge Gary Sharpe ordered state election officials to come back with two timelines. One would show how ballot markers would be located at every polling place in the state for this fall's elections; the other would detail installation of a replacement voting system by September 2009. The old-fashioned lever machines would remain in place for the 2008 elections but not in 2009.
What's next
Onondaga County must make plans to equip its 210 polling places with ballot markers and buy the devices; prepare a new service center to store the markers when they're not deployed; hire and train 210 additional election inspectors to run the markers; provide and train custodians to maintain the machines; and deliver and return machines between the service center and polling places.
Election Commissioners Edward Szczesniak and Helen Kiggins estimate those tasks will cost the county $1.27 million this year. That doesn't include the cost of obtaining paper ballots for the markers to mark.
Sent email...
to CEO about getting updated information. He emailed me back and thanked me for the interest. He forwarded my message on to the CFO/CTO who would be getting back to me.
I think a PR blitz is coming....
Well I find it rather interesting that this Pink Sheet stock has recently caught up on its filings all the way to period ending sept of 2007.. For almost 2 years they did not file. Starting Jan 16th this year they put out 13 filings and virtually have just about caught up. Than we have the ask going from .01 to its current level of .15... Virtually any small buying and it moves fast... Also read the filings some pretty interesting stuff in there..
Management has been working for the Company without taking any salaries or compensation of any kind. Further, management is paying for all their own expenses without seeking reimbursement from the Company now or in the future for these expenses. Management will continue to finance company operations until adequate financing has been secured.
We have been, and currently are, working toward identifying and obtaining new sources of financing. We are currently in discussions with a number of funding sources capable of funding the full development of our Voting Power voting system.
Vote Power offers a through, reliable, and secure software solution for the future of all elections.
Although several of the software vendors are certified by NASED at the present time, none of the newly developed software has proven to be insecure over time and have been very vulnerable to the hacker attacks. To date, there is not a single solution in the market which does not compromise voter information.
Vote Power offers end-to-end voting technology software products - from Voter Registration to the provisional ballots, to the Direct Recording Equipment (DRE), to the printing ballots, through the final tally reports for the election officials.
o Vote Power core solution Highlights:
o based on Oracle 11i database security with - 10 Security Certificate encryption (as confidential as the Pentagon and the White House Classified documents)
o offers Audit Trail (printed proof)
o offers Accountability
o offers Reliability
o offers consistency
o offers usability
o offers scalability
o offers option to perform a manual count in case of close election results
Vote Power - only vendor with the solution for the American disabled voters
o Vote Power has great respect and insight into the requirements of the American Disability Act and its beneficiaries.
Vote Power Optional solution features:
o Support for jury service
o Support for candidate tracking
o Support for lobbyist tracking
o Support for campaign election and donation tracking
o Document imaging
o Voter Registration applications
o Support for DMV database synchronization
o Support for FBI database synchronization
The members of Vote Power's current executive team hold strategic positions with the world's largest technology companies such as IBM, Oracle, HP, DEC, Compaq and EDS in the Information Technology departments and the e-voting practices. The team has sizable experience in the electronic voting technology field. Vote Power has established relationships with numerous State and County officials, many of which are looking forward to viewing the Vote Power DRE demo upon completion.
Go through the filings and read there is a bunch of interesting information... IMO This company has something they would have never gone through the expense of bringing their filings current.. We seem to have a rare situation when a Pink Sheet is updating its financial condition and business plan through its recent filings.. Money involved doing this is no chicken feed..
EYES WIDE OPENED
http://pinksheets.com/pink/quote/quote.jsp?symbol=VPWR#getFilings
and no PR yet......
Interesting indeed...
The electronic voting system implementation figure shows a $5 billion dollar industry, if they get only 10% of that it's $500 million.
This has a few things going for it imo, major election season upcoming, an experienced team in place, working with some major companies like HP and Oracle, and most of all...
The current voting process is still in the dinosaur age. I don't know about you, but I still pull a freakin lever! LOL!
Maybe someday Vote Power will have us voting via our blackberries. Bottom floor here imo..
interesting stock... ;)
Routes to Market
----------------
PARTNERING APPROACH
Initially, Vote Power's marketing and sales strategy is to form one or more non-
exclusive partnerships with top IT companies. VotePower already has established
partnering relationships with HP (Hewlett Packard) and Oracle. The partnering
approach will substantially reduce the cost of marketing and provide the company
the fastest national exposure at the most cost effective dollar possible.
Companies like HP, IBM, and Oracle actively seek software creators like
VotePower to include in their intensive business partner programs. Their
Software Vendor Marketing Program has prime potential channels for distribution
of VotePower products. Additional significant benefits of partnering with these
firms allows Vote Power to maintain focus on development and operations of its
core competencies, while the company will provide a very large sales force with
their existing clients to sell Vote Power products across the country. These
experienced partners can also assist with training and support.
SOLO APPROACH
VotePower is highly knowledgeable and experienced in delivering the entire e-
voting solution to a county or state that VotePower wins a project in.
Currently, the executive team already specializes in delivering high quality
multi-million, multi-month, multi-resource IT projects across the country in
their respective roles. Therefore delivering the voting software solution will
require no special training for the VotePower team and the identified resources.
The Direct Recording Equipment (DRE) Market
-------------------------------------------
Two of the main hardware solutions utilized by Vote Power are the touch screen
voting hardware and the scanning hardware. The scanning hardware is standard
piece of equipment already in use by various counties at the present time which
will utilize Vote Power's specialized software for a better tabulation result.
The touch screen voting hardware (PowerVote/DRE) is Vote Power's flagship
software product and a prime difference from the competing vendors. Using
VotePower methodology/solution set, the loss of the voting client due to
malfunction or breakage does not result in any loss of the ballot. In VotePower
solution, all ballots cast through the touch screen (DRE) machine are stored in
two redundant (independent) servers and therefore the damage to the voting
device in any form does not affect the cast ballots. This process also helps in
tabulation as there is only one device per polling site to tabulate versus
tabulating of all the DREs at the polling site, which is what is offered by
other vendors.
Vote Power's DRE (touch screen machine) is just 5.2 lbs, the lightest amongst
all the vendors.
Serious funding must be coming here...
From filing:
We have been, and currently are, working toward identifying and obtaining new
sources of financing. We are currently in discussions with a number of
funding sources capable of funding the full development of our Voting Power
voting system.
Vote Power Completes Internal Restructuring
Older article...
Vote Power Corporation (Pink Sheets:VPWR), a Florida corporation, announced today that it has finished an internal restructuring of the company. This restructuring included the creation of alliances with the largest and most powerful computer hardware and software manufacturers in the country, and finalized its research & development, production and marketing divisions to comply with NASED (National Association State Election Directors) rules and regulations.
The Company believes that this restructuring was necessary to put it in the proper posture to raise the capital needed for expanding existing programs and being able to qualify for contracts with the various states, counties, cities and municipalities in this country to standardize their voting systems.
The government, through its last experiences with both the presidential election and congressional and senatorial elections, decided that it needed an improvement in the voting system, so it formed and approved a bill (HAVA -- Help America Vote Act) by the Senate. The bill provided $3.8 billion in federal money for the states to upgrade their election support systems. The bill also banned the use of legacy punch card voting solutions in the next election. This funding has generated an immense incentive for companies to develop a solution and potentially take a share of the $3.8 billion market.
MIT and Caltech have conducted a detailed study and published a report that details the requirement of the ideal voting software solution.
Several of the software vendors are certified by NASED (National Association State Election Directors). None of their newly developed solutions are in full compliance with the requirements set forth by the MIT and Caltech reports.
Vote Power's goal is to provide a complete end-to-end solution for the election market, fully complying with the various governing bodies. Vote Power is offering six products for the election market.
The strength of the Vote Power system lies in the cost of implementation of these solutions and the ease of use of these solutions and the uniformly integrated interface from a single source.
Vote Power is working closely with some of the major software and hardware companies, and is training some of their representatives who specialize in this field.
General Overview of voting market:
The electronic voting market is large. The electronic industry is in its
infancy. Just as in the initial stages of the Internet days when it was
practically impossible to quantify the Internet commerce size; currently, the
total size of the voting market is unknown. What is known is how much the HAVA
Act has budgeted so far to the states. VotePower has broken down the steps in
smaller phases to capture the essence of the underlying behemoth market starting
with the general verifiably statistics.
Verifiable Statistics
---------------------
Number
------
Counties 3,439
States 50
Polling Sites 117,954
US Population 303,610,824
Registered Voters 160,913,737
Absentee Voters 19,309,648
Booths at Polling Site 7
Kiosks at Polling site 8
Servers at polling site 2
Printers at polling site 2
Voting Solution Life Cycle
--------------------------
ABS/VR Absentee voters system / Voter Reg.
DRE Direct Recording Equipment
DRE-S&S DRE w/Servers + Storage
EVS Electronic Voting Software
Dep/Inst Deployment + Installation + DeInstallation
Printing Printing solutions
S&M Storage & Maintenance
The Voter Registration Market
-----------------------------
Absentee Voters / Voter Reg.
US States 50
Avg VR Project per State 13,000,000
VR Market Size $650,000,000
The Direct Recording Equipment (DRE) Market
-------------------------------------------
Two of the main hardware solutions utilized by Vote Power are the touch screen
voting hardware and the scanning hardware. The scanning hardware is standard
piece of equipment already in use by various counties at the present time which
will utilize Vote Power's specialized software for a better tabulation result.
The touch screen voting hardware (PowerVote/DRE) is Vote Power's flagship
software product and a prime difference from the competing vendors. Using
VotePower methodology/solution set, the loss of the voting client due to
malfunction or breakage does not result in any loss of the ballot. In VotePower
solution, all ballots cast through the touch screen (DRE) machine are stored in
two redundant (independent) servers and therefore the damage to the voting
device in any form does not affect the cast ballots. This process also helps in
tabulation as there is only one device per polling site to tabulate versus
tabulating of all the DREs at the polling site, which is what is offered by
other vendors.
Vote Power's DRE (touch screen machine) is just 5.2 lbs, the lightest amongst
all the vendors.
4
Direct Recording Equipment
--------------------------
Total walk-in voters 148,617,498
Voters per kiosk 200
Kiosks required 861,042
Market price per equipment $2,800
Market size $2,410,916,908
*HAVA recommends average touch screen machine price to be $2,800
The Servers and Backup Server Market
------------------------------------
Direct Recording Equipment - Server/Storage
Polling sites 117,954
Servers required at site 2
Total servers required 235,909
Market price - server $2,000
Storage server(s) at site 1
Total storage equip. required 117,954
Market price - storage equip. $1,000
Total market size $589,771,305
The Election Management Software Market
---------------------------------------
Electronic Voting Software
Total voters 166,985,953
Software development chg - low end $1.23
Software development chg - high end $1.71
Average development chg $1.47
Market size $245,469,351
The Printing Market
-------------------
Printing Ballot Papers
Total voters 166,985,953
Ballots 148,617,498
Printers required per site 235,909
Printer market price $750
Market size $176,931,392
The Deployment - Installation - De-installation Market
------------------------------------------------------
Deployment / Installation/ Unistallation
Polling sites 117,954
Kiosk transportation, install/deinstall etc. $750
Kiosks 861,042
Market size $645,781,315
The Storage - Maintenance - and Upgrade Market
----------------------------------------------
Storage & Maintenance & Upgrade
Kiosks 861,042
Storage, Maintenance, Upgrade $300
Market size $258,312,526
The Total Electronic Voting Market
----------------------------------
Voting Solution Market Size
ABS/VR $ 650,000,000
DRE $2,410,916,908
DRE-S&S $ 589,771,305
EVS $ 245,469,351
Printing $ 176,931,392
Dep/Inst $ 645,781,315
S&M $ 258,312,526
--------------
Total $4,977,182,796
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