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Re: KQforever post# 37472

Wednesday, 01/03/2007 4:20:24 PM

Wednesday, January 03, 2007 4:20:24 PM

Post# of 82841
We've covered this in the past. Sequiam makes the Biovault and Cyberkey is a distributor. Cyberkey currently doesn't make any money from the safes sold to NRA.

http://searchwww.sec.gov/EDGARFSClient/jsp/EDGAR_MainAccess.jsp#topAnchor

From the SEC website re: Sequiam

Distributors. We plan to form relationships with distributors that have experience selling technology products in geographic areas where we do not have a physical presence. We currently have four distributors including Davenport Sales International located in Texas, BioMet Access Company, LLC located in Missouri, CyberKey Solutions, Inc. located in St. George, Utah and Tacoma Technology, Inc. located in Taipei, Taiwan that market and sell biometric products, including the BioVault 2™, through dealers, partners and consultants. During May 2006 we received a purchase order from Davenport Sales International for 10,000 units of the BioVault 2™, constituting sales of approximately $2,250,000 upon fulfillment of the purchase order. BioMet is committed to selling our entire biometric product line and have included them in their 2006 product catalog. BioMet has provided us with a purchase order for 1,000 BioVault 2™ units in 2006. We intend to grant our distributors a non-exclusive license to sell certain of our software products in these geographic areas. We will also permit the distributors to grant sublicenses to use our software products. The distributors will earn revenue from the sublicenses they grant.
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