$SMCE The market opportunity is projected to grow substantially in the coming years as more cities enact legislations to address hotel employee safety. Recent local safety ordinances, including Section 4-6-180 of the Chicago Municipal Code, Seattle Initiative 124, and New York Hotel and Motel Trades Council, AFL-CIO contract section 70, mandated hotel safety systems for hotel employees. Hotels in New York City are already required to provide safety systems under a collective bargaining agreement with labor unions. Seattle was the first city to enact a safety system ordinance.
Rick Bjorklund, Chairman and CEO of SMC, and Grant Cheeseman, President of WiMundo, both stated, "We are pleased with our combined initiatives for cross product integration that led us to expeditiously reach this point in our product launch. Our decision to create a stand-alone product line and website will enable us to penetrate other markets in addition to the hospitality industry. We believe there are similar staff safety requirements in health care-related industries which would present a great opportunity for us."
