FACT-N-FICTION

[analystslie]

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.