ATLANTA, Jan. 31, 2012 /PRNewswire/ - Crown Dynamics Corporation (OTCBB: CDYYD.OB), is pleased to announce that the company is now ready to enter a $14.5 Billion US healthcare market opportunity with its proprietary hardware and software solution.
With over 30 million seniors living alone in the US and growth accelerating rapidly with baby-boomers, there has never been more need for a technology solution that provides people in need with a sense of safety and independence.
The hardware device provides key feature such as; fall detection, no movement detection, at home and away from the home monitoring, wonder management, personal emergency response system, 2 way voice that enables and receives calls, long battery life, pre-assigned phone numbers, waterproof, multiple alert options, and precise location. The service cost is just $1 per day, and the software will allow both family and care givers to remain in touch at all times.
Fifty percent of individuals develop cognitive issues as they age, and falling is the second leading cause of death. With one in three people over the age of 65 falling each year and 40% of nursing home admissions due to falling. Crown is positioned to provide a solution which will detect falling and keep loved ones in touch.
"For personal and financial reasons, people prefer to age at home." Says Steve Aninya, CEO of Crown Dynamics Corp. "Our technology will provide people with an ability to make this choice, and our technology provides Crown with a turn key solution that will allow the company to quickly enter the market and immediately begin generating revenue."
About Crown Dynamics Corporation
Crown Dynamics provides technology solutions for enhancing the personal safety of the elderly and people with special needs, allowing them to live safely at home or in care facilities. Crown Dynamics Watchtower solution provides point-of-care protection and can be used when the resident is at home, independent or assisted living environment. The service provides peace of mind to families and caregivers and helps institutions manage risk and improve the quality and efficiency of care.
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Crown Dynamics Appoints New Chief Executive Officer
Atlanta, GA, January 26, 2011- Crown Dynamics Corporation (OTCBB: CDYYD.OB), is pleased to report that the company has appointed a new Chief Executive Officer and Board Member.
Steve Aninye has been appointed as the new CEO of Crown Dynamics Corporation. Mr. Aninye brings over twenty years of executive leadership experience in high-growth, technology companies. Mr. Aninye is the founder of Omnilink Systems ("Omnilink"), a technology solution provider that offers a product used in enforcing accountability and compliance with offenders in alternative sanction programs. Steve conceived, designed and built both the Omnilink hardware and software platform and was also responsible for raising over $18 million in start-up funding.
Omnilink was recognized by Frost & Sullivan and nominated for the company's Mobile Vital Status Services Award. Prior to his tenure as CEO at Omnilink, Steve was Executive Vice President and CTO at InfoImage Corporation ("InfoImage"), a leading provider of enterprise portal software systems. Steve was part of the InfoImage team that raised $65 million in capital for on going development, research and capital expenditures. Microsoft invested $10 million in InfoImage.
Steve also led the engineering team at Manhattan Associates, a leading supply chain software provider and, prior to that, served in senior technical management positions at Compaq and Eaton Corporation. At Eaton, Steve led the team that developed an innovative approach for a much more profitable ion implanter system that continues to be an Eaton's flagship product.
Steve holds a BSEE in electronic engineering and an MBA from the University of Wisconsin.
"I'm very excited to join Crown at such an opportune time. Crown will focus on delivering game changing solutions for the personal safety of seniors and people with special needs. I will look to immediately deliver commercial success by leveraging our much needed technology into a range of health service areas in markets worldwide."
About Crown Dynamics Corporation
Crown Dynamics provides technology solutions for enhancing the personal safety of the elderly and people with special needs, allowing them to live safely at home or in care facilities. Crown Dynamics Watchtower solution provides point-of-care protection and can be used when the resident is at home, independent or assisted living environment. The service provides peace of mind to families and caregivers and helps institutions manage risk and improve the quality and efficiency of care.
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- CDYYD Security Details
Share Structure
| Market Value1 | $31,350,000 | a/o Feb 08, 2012 |
| Shares Outstanding | 16,500,000 | a/o Jan 03, 2011 |
| Float | Not Available |
| Authorized Shares | Not Available |
| Par Value | 0.0001 |
Shareholders
| Shareholders of Record | Not Available |
Corporate Actions
| | Ex. Date | Record Date | Pay Date |
Security Notes
- Capital Change=shs increased by 3 for 1 split. Payable upon surrender. . Pay date=01/03/2012.
|
Short Selling Data
| Short Interest | (%) |
| Significant Failures to Deliver | No |
1.930.03 (1.58%)at 15:57:56 EST
Financial Reporting/Disclosure
| Reporting Status | U.S. Reporting: SEC Filer |
| Audited Financials | Not Available |
| Latest Report | Not Available |
| Regulatory Agency | Not Available |
| CIK | 0001500123 |
| Fiscal Year End | 12/31 |
| OTC Market Tier | OTCQB |
Profile Data
| SIC - Industry Classification | 3843 - Dental equipment and supplies |
| |
| | Shell |
| |
| Incorporated In: | DE, USA |
| Year of Inc. | Not Available |
| Employees | Not Available |
Company Officers
| Amir Rehavi | President |
| Chanah Zehavi | Secretary |
Company Directors
| Amir Rehavi | |
| Chanah Zehavi | |
Service Providers
Auditor/Accountant Not Available
Legal Counsel Not Available
Investor Relations Firm Not Available
SEC FILINGS
http://www.otcmarkets.com/stock/CDYYD/financials -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
The Company has just completed initial beta tests with prospective customers and is in the process of tweaking the solution based on
lessons learned from the beta tests. Commercial rollout will commence in November 2011. The company has also signed a definitive agreement
with ASA (American Seniors Association) with a membership base of 10 million.
The second phase of the Company's product involves a proprietary solution for detecting sugar levels and other vital signs, noninvasively,
for people with diabetes or at risk of diabetes. The unique invention uses a proprietary ultrasonic technique to accurately detect sugar
levels transdermally, continuously, via a wristwatch worn by a person and transmits the information in real-time over the wireless network to
The Company servers and designated people are notified of exceptions based on pre-configured preferences.
Potential revenues recur on a monthly basis and are comprised of the following: $299 for the purchase of the device; a monthly service
fee of $49.00 for Special Needs customer use; and a monthly service fee of $19.00 for Senior Population customer use. Additional fees will be
charged for add-on modules. Devices sold to OEM distribution channels will be priced at $9.00 per month per device.
Business Plan
The Company is initially focused on two markets; the Special Needs and the Senior markets. Both population groups would benefit
from The Company's solution that prevents wandering; detects if wandering happens; optimizes the rescue process of people that wander
through The Company's proprietary Watchtower technology; and effectively monitors people to manage and protect them while at home. The
company will launch the second phase of their product in 2012, which is focused on transdermally detecting the chemical constitution of the
blood, non-invasively and in real-time. The system utilizes the information to determine the medication that may be present in the person, there
enabling very effective medication compliance management. The same technology will be utilized in Phase 2 to determine sugar levels in realtime
which brings an unprecedented level of effectiveness in managing the sugar level problem for people with diabetes or at risk of diabetes. A
few key considerations relating to the three markets are provided below:
Special Needs Market:
Approximately seven million people in the U.S. suffer from dementia with approximately two-thirds of total diagnosed with
Alzheimer's.
As of 2010, the fastest growing segment of U.S. population was seniors over the age of 65; estimated that 50% of this group is at risk
for developing dementia.
Estimates of 66% to 95% of dementia people are cared for at home.
Approximately 60% of dementia people will wander from home; 51% of those that wander at life risk if not found within 24 hours.
Alzheimer's considered third most expensive disease to treat.
Global report by Alzheimer's Disease International (ADI) predicts dementia sufferers to double in ten years
Additional market of 6 million people in the U.S. with other special needs (autism, injury impaired etc.)
Page -
Name and Address of Beneficial Owner
Amount and Nature
of Beneficial Ownership
Directors and Officers
Percentage of 54%
Beneficial Ownership 9,000,000
:CEO and Chairman of Board of Director
Steve Aninye -
CEO and Chairman of Board of Director
5400 Laurel Springs Pkwy
Suite 107
Suwanee GA 30024
· | As of January 17, 2012, Steve Aninye was appointed as the Company's Chief Executive Officer and a Chairman of the Board of Directors. |
The biography for Mr. Aninye is set forth below:
STEVE ANINYE Mr. Aninye was CEO and founder of Omnilink Systems ("Omnilink"), a technology solution provider that offers a product used in enforcing accountability and compliance with offenders in alternative sanction programs. Mr. Aninye conceived, designed and built both the Omnilink hardware and software platform and was also responsible for raising over $18 million in start-up funding. Omnilink was recognized by Frost & Sullivan and nominated for the company's Mobile Vital Status Services Award.
Prior to his tenure at Omnilink, Mr. Aninye was Executive Vice President and CTO at InfoImage Corporation ("InfoImage"), a leading provider of enterprise portal software systems. Mr. Aninye was part of the InfoImage team that raised $65 million in capital for ongoing development, research and capital expenditures. Microsoft invested $10 million in InfoImage. Mr. Aninye also led the engineering team at Manhattan Associates, a leading supply chain software provider and, prior to that, served in senior technical management positions at Compaq and Eaton Corporation. At Eaton, Mr. Aninye led the team that developed an innovative approach for a much more profitable ion implanter system that continues to be an Eaton's flagship product.
Mr. Aninye holds a BSEE in electronic engineering and an MBA from the University of Wisconsin.