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VRTC MEGA DD- This is very, very impressive:
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.
(NASDAQ- VRTC)
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:
Registrant:
Veritec Inc.
1430 Orkla Dr.
Golden Valley, MN 55427
US
Domain Name: VERITECINC.COM
Administrative Contact:
Inc., Veritec postmaster@VERITECINC.COM
Veritec Inc.
2445 Winnetka Ave. N.
Golden Valley, MN 55427
US
(763) 253-2670 fax: (763) 253-0503
Technical Contact:
Hostmaster, Vector hostmaster@visi.com
VISI, Inc
180 East 5th St.
#525
Saint Paul, MN 44101
US
612-395-9000 fax: 612-288-0889
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:
NS.VISI.COM
NS2.VISI.COM 66.254.98.138
Registrar: NETWORK SOLUTIONS, LLC.
Whois Server: whois.networksolutions.com
Creation Date: 19-OCT-1999
Updated Date: 25-OCT-2011
Expiration Date: 19-OCT-2016
Nameserver: NS.VISI.COM
Nameserver: NS2.VISI.COM
Registry Status: clientTransferProhibited
See Underlying Registry Data
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