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Prior to or on February 15
Best volume in SQUM since December 15. Next few weeks could be interesting
Volume better. Best day since December 15
Pierced the 200 dma. SQUM looking good
Chart starting to look good on SQUM
SQUM breaking thru 50 dma .23?
You need to research CJCGC. They are huge like Dell Computer in the U.S. while China based
On April 27, 2006, Sequiam entered into a Joint Venture Agreement (the "Agreement") with Changjiang Computer Group Corporation ("CJCGC") and Magstone Innovation, Inc. ("Magstone"). The name of the Joint Venture is Shanghai Changjiang Intelligence Information Technology, LTD ("the JV").
Don't know about their earnings and profitability as Magstone is a private company in China.
This deal ties direct to the CJCC joint venture. All I know is they have a good reputation in China and have been building consumer products for many years. They have manufactured in the past for Kmart and Walmart.
Hopefully we will hear more about this and it goes to prove their is more to Sequiam than BDK.
Heenster: The more DD you do on this company the more impressed you will become. You did great discussing the JV while everyone else was focused on BDK, Cyberkey, and the Forbearance issue.
Lots of things going on and I feel the news today confirms the company is on the right tract.
I might add and you have probably already noticed. Sequiam has been very quiet and doesn't in my opinion to be a hype machine.
What does Magstone Innovation Inc. do?
Magstone has engineers, programmers and purchasers. They support Sequiam's engineers and programmers and together they have worked as a team for several months. They are also very well connected to the manufacturers in the region and they arrange for the manufacture of the BioVault and other product components. They also do some final assembly. It was through Magstone that Sequiam got the JV with CJCC who is huge and is a diversified electronics manufacturer.
Magstone together with Tacoma in Taiwan (from whom Sequiam licensed all of their technology, rather than acquire) and CJCC also have selling opportunities in China and Asia upon which Sequiam will capitalize.
There is more to Sequiam than Black and Decker and Cyberkey. The news today should confirm that major opportunities are just becoming for the company.
Magstone deal: CJCC is Chinas largest IT company. Magstone is the manufacturer. Essentially, Magstone (Sequiam East) does industrial design, engineering and manufacturing. They have a big reputation in China and have been building consumer products for many years. Their reputation even stretched beyond China as they have manufactured for Kmart and Walmart as well. (fishing products). Their capabilities are amazing and having them on board gives Sequiam an unparalleled edge.
SQUM acquisition of Magstone Innovation announcement today:
Magstone has engineers, programmers and purchasers. They support Sequiam's engineers and programmers and together they have worked as a team for over 18 months now. They are also very well connected to the manufacturers in the region and they arrange for the manufacture of the BioVault and other product components. They also do some final assembly. It was through Magstone that Sequiam got the JV with CJCC who indeed is huge and is a diversified electronics manufacturer.
Magstone together with Tacoma in Taiwan (from whom Sequiam licensed all of their technology, rather than acquire them) and CJCC also have selling opportunities in China and Asia upon which Sequiam will capitalize.
That is Davenport International. They were the first to announce they were reselling the Biovault. However, they never changed the name
I agree. We need CKYS to state they have an order or deal/contract on the products they have sold.
I think it is great they are demonstrating SQUM products and creating awareness.
Maybe the demonstration of the Keepsafe is partly reason day after day more online websites continue to increase with great offers on the Biovault.
This deal has been in the works and first mentioned in April 06.
On April 27, 2006, Sequiam Biometrics, Inc. , a wholly owned subsidiary of Sequiam Corporation, entered into a Joint Venture Agreement with Changjiang Computer Group Corporation and Magstone Innovation, Inc. . The name of the joint venture is Shanghai Changjiang Intelligence Information Technology, LTD . The joint venture will be headquartered in Shanghai. The purpose of the joint venture agreement is to develop and market biometric and other information technology products and applications in China and other regions and to support Sequiam Biometrics, Inc. by providing research and development for new products. The joint venture agreement grants Sequiam Biometrics, Inc. exclusive rights to distribute those products in North America, Europe and Africa.
Magstone was part of deal with CJCC SQUM Joint Venture.
It was Magstone, CJCC and SQUM. This acquisition is now two parties versus three.
Sequiam's Chinese Joint Venture Receives Government Approval
Wednesday September 6, 11:20 am ET
ORLANDO, FL--(MARKET WIRE)--Sep 6, 2006 -- Sequiam Corporation (OTC BB:SQUM.OB - News), through its wholly owned subsidiary Sequiam Biometrics, Inc. (www.sequiambiometrics.com), a leading provider of biometric technology and services, announced today that the Chinese Government has approved its Joint Venture Agreement with Changjiang Computer Group Corporation ("CJCGC") and Magstone Innovation, Inc. ("Magstone").
On April 27, 2006, Sequiam entered into a Joint Venture Agreement (the "Agreement") with Changjiang Computer Group Corporation ("CJCGC") and Magstone Innovation, Inc. ("Magstone"). The name of the Joint Venture is Shanghai Changjiang Intelligence Information Technology, LTD ("the JV"). The JV will be headquartered in Shanghai. The purpose of the agreement is to develop and market biometric and other IT products and applications in China and other regions and to support Sequiam by providing research and development for new products. The Agreement grants Sequiam exclusive rights to distribute those products in North America, Europe and Africa.
The JV is owned 30% each by Sequiam and Magstone and 40% by CJCGC. Kevin Henderson, President of Sequiam Biometrics will travel to Shanghai September 12, 2006 to attend the first Board Meeting of the Joint Venture and to finalize terms of business for projects that have been in development since the agreement was first signed last April. Details of the Joint Venture agreement were included in Form 8K filed with the Securities and Exchange Commission on May 3, 2006.
The JV will act as the exclusive distributor of certain Sequiam biometric products and services in China and Greater Asia. In addition, Sequiam will act, during the term of the agreement, as the exclusive biometric designer and manufacturer of biometric products for the JV.
The agreement allows Sequiam to add all biometric products developed for and funded by the JV to its existing biometric product line for distribution to all other global markets outside of China and Greater Asia. The first product developed by the JV is code-named "HDT" or Health Data Terminal, a biometric personal digital assistant, and is slated for release later this year.
Bob Yang, CEO of CJCC, said: "After having evaluated numerous global leading biometric technology firms, we concluded that Sequiam has the strongest and broadest biometric technology base and the ability to integrate that technology into a variety of consumer products."
Nick VandenBrekel, CEO of Sequiam Corporation, said: "Approval by the Chinese Government marks yet another major milestone in the development of Sequiam and allows us to get on with the important business of the JV."
The SQUM deal today should imply the company is moving forward and ease concerns about any default issues concerning the recent Forbearance issue.
The announcement today should prelude further news coming down the pipeline which in my opinion could only be positive.
SQUM Magstone 8-K filing today:
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=4592047
SQUM Magstone 8-K filing link. Filed today
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=4592047
Item 1.01. Entry into a Material Definitive Agreement
Magstone Acquisition. On January 8, 2007, Sequiam Corporation (“Sequiam” or the “Company”) acquired 80% of the outstanding shares (“the Purchase Shares”) of Magstone Innovation, Inc., a foreign owned Chinese corporation (“Magstone”), pursuant to an amended and restated stock purchase agreement dated January 8, 2007 by and among Sequiam, Magstone and Shixiong Chen (“the Sole Shareholder”) of Magstone (the “Magstone Acquisition”).
In exchange for the Purchase Shares owned by the Sole Shareholder, Sequiam will issue and deliver to the Sole Shareholder an Installment Note Payable in the amount of $150,000 bearing interest at eight percent per annum, payable in three quarterly installments of $50,000 beginning April 1, 2007. The note is secured by the Purchase Shares. Sequiam will also agree to repay Magstone’s debt to ETI Hong Kong for HKD 1,400,000 (approximately $180,000 USD). As additional consideration, Magstone will distribute to the Sole Shareholder prior to closing the following: all trademarks owned by Magstone and Magstone’s 30% ownership in the Chinese Joint Venture known as New Era Biometrics. The Sole Shareholder shall pay to Magstone 9% of any distributions paid to the Sole Shareholder by the Joint Venture until such time as the Sole Shareholder no longer serves as President of Magstone.
Immediately following the closing, Magstone will change its name to Sequiam East, Inc. (“SEI”)
In conjunction with the foregoing, SEI entered into an employment agreement with the Sole Shareholder to serve as its President and CEO. The term of the agreement is for eight years at a minimum annual salary of $120,000 plus an annual bonus equal to 1.25 percent of SEI’s gross sales. In addition the Company will grant Mr. Chen options to purchase one million five hundred thousand shares of Sequiam Corporation common stock at $0.20 per share in accordance with its 2003 Employee Stock Incentive Plan. The options will fully vest one year from the date of the agreement, or immediately in the event of any earlier termination of employment by SEI. If on December 31, 2008 the net value of the options after exercise is less than one million dollars, then the Company shall grant additional options as necessary to maintain such value.
The principal documents involved in the above referenced transactions, the Amended and Restated Stock Purchase Agreement, the Promissory Note, and the Employment Agreement for Shixiong Chen as President of Sequiam East, Inc. are attached hereto as exhibits to this current report.
The acquired company didn't buy the shares. You misunderstood what I posted CJCC purchased shares. However, more to come to light on this. Watch for SEC filing which will explain if you don't have time to go back and read the SEC filings already on file about this last year. I'm tied up right now and don't have time to go back and dig this up right now but a filing of this is on record.
It is not a reverse merger.
phyllostachys:
First of all this deal began and was initially discussed I believed April 06. CJCC purchased approx 500K shares of stock last year and SEC filings are available concerning this announcement.
Good move by Sequiam.
Sequiam Corporation Announces the Acquisition of China Based Magstone Innovation, Inc
ORLANDO, Fla., Jan 11, 2007 (BUSINESS WIRE) --
Sequiam Corporation (OTCBB:SQUM), a leading provider of innovative consumer lifestyle biometric technology and services announced today the acquisition of Magstone Innovation, Inc., a foreign owned Chinese corporation, pursuant to a stock purchase agreement.
As part of the acquisition, Magstone Innovation, located in Quang Zhou, China will change its name to Sequiam East, Inc.
Magstone's President Edward Chen, will continue as the President and Chief Executive Officer of Sequiam East, Inc. Following the transaction Mr. Chen commented: "We are very happy about this successful acquisition and excited about joining Sequiam Corporation. Through our many years of experience in producing consumer products, Magstone has established a very effective, reputable and creative team for design and engineering, an efficient manufacturing operation and a very strong and capable supplier network in China. Over the past year, we have worked with Sequiam to bring many great biometric products to the market. Now by joining the Sequiam family, we will be able to turn all these resources and talents into even greater products and become a global industry leader.
Nick VandenBrekel, CEO of Sequiam said: "We have worked successfully with Magstone to create top selling products like the BioVault 2.0 and Magstone was instrumental in securing the relationship with Sequiam's joint venture partner in China, CJCC. By adding the discipline of industrial design and manufacturing to Sequiam's existing capabilities we have completed the circle and are able to provide world class biometric technology to the marketplace in such a manner that we control the entire process from start to finish. I am excited about the new opportunities this acquisition will bring to the Sequiam family and look forward to my continued relationship with Edward Chen and his team.
About Sequiam
Headquartered in Orlando, Florida, Sequiam Corporation develops, markets, and supports a portfolio of highly robust proprietary biometrically enabled OEM, consumer lifestyle and commercial products/solutions. In addition, Sequiam has invested heavily in research and development to develop unique products/solutions for the biometric industry worldwide. Sequiam Biometrics' solutions incorporate low-cost, high-volume manufacturing processes targeted at the consumer and commercial market. Sequiam is a global company with offices in Taiwan, China, and South Africa. For more information, please visit www.sequiam.com and www.sequiambiometrics.com.
Safe Harbor Statement -- Forward-Looking Statements
The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made on behalf of the company and its subsidiaries. All such forward-looking statements are, by necessity, only estimates of future results and actual results achieved by the company may differ materially from these statements due to a number of factors. Any forward-looking statements speak only as of the date made. Statements made in this document that are not purely historical are forward-looking statements, including any statements as to beliefs, plans, expectations, or intentions regarding the future. Risk factors that may cause results to differ from projections include, without limitation, loss of suppliers, loss of customers, inadequate capital, competition, loss of key executives, declining prices, and other economic factors. The company assumes no obligations to update these forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such statements. You should independently investigate and fully understand all risks before making investment decisions.
SOURCE: Sequiam Corporation
Sequiam Corporation, Orlando Nicholas VandenBrekel, CEO, 407-541-0773 investor@sequiam.com
Copyright Business Wire 2007
Good move by Sequiam.
Sequiam Corporation Announces the Acquisition of China Based Magstone Innovation, Inc
ORLANDO, Fla., Jan 11, 2007 (BUSINESS WIRE) --
Sequiam Corporation (OTCBB:SQUM), a leading provider of innovative consumer lifestyle biometric technology and services announced today the acquisition of Magstone Innovation, Inc., a foreign owned Chinese corporation, pursuant to a stock purchase agreement.
As part of the acquisition, Magstone Innovation, located in Quang Zhou, China will change its name to Sequiam East, Inc.
Magstone's President Edward Chen, will continue as the President and Chief Executive Officer of Sequiam East, Inc. Following the transaction Mr. Chen commented: "We are very happy about this successful acquisition and excited about joining Sequiam Corporation. Through our many years of experience in producing consumer products, Magstone has established a very effective, reputable and creative team for design and engineering, an efficient manufacturing operation and a very strong and capable supplier network in China. Over the past year, we have worked with Sequiam to bring many great biometric products to the market. Now by joining the Sequiam family, we will be able to turn all these resources and talents into even greater products and become a global industry leader.
Nick VandenBrekel, CEO of Sequiam said: "We have worked successfully with Magstone to create top selling products like the BioVault 2.0 and Magstone was instrumental in securing the relationship with Sequiam's joint venture partner in China, CJCC. By adding the discipline of industrial design and manufacturing to Sequiam's existing capabilities we have completed the circle and are able to provide world class biometric technology to the marketplace in such a manner that we control the entire process from start to finish. I am excited about the new opportunities this acquisition will bring to the Sequiam family and look forward to my continued relationship with Edward Chen and his team.
About Sequiam
Headquartered in Orlando, Florida, Sequiam Corporation develops, markets, and supports a portfolio of highly robust proprietary biometrically enabled OEM, consumer lifestyle and commercial products/solutions. In addition, Sequiam has invested heavily in research and development to develop unique products/solutions for the biometric industry worldwide. Sequiam Biometrics' solutions incorporate low-cost, high-volume manufacturing processes targeted at the consumer and commercial market. Sequiam is a global company with offices in Taiwan, China, and South Africa. For more information, please visit www.sequiam.com and www.sequiambiometrics.com.
Safe Harbor Statement -- Forward-Looking Statements
The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made on behalf of the company and its subsidiaries. All such forward-looking statements are, by necessity, only estimates of future results and actual results achieved by the company may differ materially from these statements due to a number of factors. Any forward-looking statements speak only as of the date made. Statements made in this document that are not purely historical are forward-looking statements, including any statements as to beliefs, plans, expectations, or intentions regarding the future. Risk factors that may cause results to differ from projections include, without limitation, loss of suppliers, loss of customers, inadequate capital, competition, loss of key executives, declining prices, and other economic factors. The company assumes no obligations to update these forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such statements. You should independently investigate and fully understand all risks before making investment decisions.
SOURCE: Sequiam Corporation
Sequiam Corporation, Orlando Nicholas VandenBrekel, CEO, 407-541-0773 investor@sequiam.com
Copyright Business Wire 2007
Huge market in China. More to Sequiam than most realize.
I believe they are at CES in Vegas right now.
My guess would be thru these guys.
http://www.buildersshow.com/Exhibitors/VBooth.aspx?id=6316
Black & Decker Hardware and Home Improvement Group (BDHHI) is one company with four leadership brands: Kwikset, Weiser Lock, Baldwin Hardware, and Price Pfister. These are names you trust…and names that your customers trust.
We’re one team…with a refocused energy, drive and enthusiasm that make us larger than the sum of the parts. And we’ve got some great parts:
Our strength of distribution is one of those key parts. We have great distribution partners throughout the US and Canada and we’re committed to working with them to lower lead times, improve fill rates, and provide the best customer service.
We have a tremendous breadth of line, from faucets to door hardware to home accessories, with the best products at each price point. And our product lines span all price points. We have the most recognized brands in the industry; leaders in every category, with powerhouse marketing initiatives to back them up.
We have world class programs, some of which you’ll see here at the show.
We want to be your partner for profit, to help you maximize your natural relationship with the homebuyer and get those upgrades that are so important to your profitability.
We’ve got great people with the most knowledgeable sales force, designers, and customer support staffs in the industry. Our sales force is the most experienced, and spans every corner of the globe.
And finally, we’ve got you. Without your support we wouldn’t have been a part of this industry for all these years. Our great brands have been around awhile and will continue to be there. Baldwin for over 50 years; Kwikset nearly 60. Price Pfister has been in business since 1910. And Weiser Lock recently celebrated its 100th anniversary.
With these four great brands we’re able to offer you everything you need in a product, whatever your focus—be it value, quality, style or product innovation. We’re larger than the sum of the parts. We’re a team—and we’re your team.
We look forward to a successful business partnership over the years.
Categories
Door Hardware
Faucets
Sequiam Biovault now at Amazon.com
http://www.amazon.com/BioVault-2-0-Fingerprint-Quick-Safe/dp/B000LUASRE
International Home Builders Show Feb 7-10
http://www.buildersshow.com/Home/Page.aspx?pageID=106
$190 at select Home Depots and they sold out.
Hopefully by end of the month everything will make sense. Welcome to the board.
Need some volume to push thru this resistance
Chris Byrne is usually on the Today Show correct?
Frost and Sullivan White paper on Biometrics and SQUM
Link below:
http://www.sequiam.com/pdf/F&S_White%20Paper_09272006.pdf
OK,,,,Good Luck!
I agree. No merger or announcement will be announced next week or in the following weeks. Agree,,,,If CKey doesn't announce a deal rather than fluff PR's at CES next week in Vegas something will really begin to stink.
CKYS needs to make a significant announcement. The past few have caused a serious credibility issue.
It could but CKYS needs to announce a deal. The Pr's they are issuing is a bunch of nonsense. I'd give anything if they would announce a deal.....They are not announcing any deals?
Surely next week at CES they may have something to say....If not then we have a problem
I would hope so and reputation is on the line on this one!
OPTV breaking $2.50
Kaufman Brothers says that the end of year sell-off in OPTV has created an opportunity. OPTV performed poorly in 2H06 for a number of reasons, but fell precipitously late in the year. They acknowledge the pitfalls of 2006 and the challenges of 2007, but they believe the shares have reached their nadir, noting that they are likely to recover rapidly from their current depressed levels. Firm believes 2007 with be a big year for OPTV as they have been working closely with Comcast to develop an interactive advertising platform for the U.S. cable business. They believe OPTV will announce some sort of deal here in the first half of the year that will serve as a positive catalyst for the stock.
Also expect Kudelski purchase of control voting from Liberty Media to close in January which could be a further catalyst
I see you noticed as well. Just wanted to give credit where credit is due.
Lets not jinx him but I'm following him close. His technical skills on breakouts on small caps is pretty good right now and we are about to go thru the best couple of months to look at small cap stocks.
Now, that I've said that watch the next one be a dud!
Now the pressure is on!