Sequiam Biometrics (fka SQUM)

[analystslie]

Joint Venture in China

Government approval in China usually takes longer than 30 days. I believe it took Sequiam approx 90 days to get approved after first announcing they were entering a joint venture in Asia. The Peoples Republic of China approved it I believe in July after first being announced in April.

Most investors in Sequiam have no idea about what they have been doing in Asia over the past 12 months and I feel a fully developed working product is ready to be mass marketed. Notice Bank of Uganda news back in November. This deal was forged due to the China JV relationship.

The best part of Sequiam's deal in China is now they are alligned with CJCC which is China's largest IT company and the orginal deal with 3 parties has been consolidated into 2 with Sequiam's recent acusition of Magstone.

Magstone already had a facility in place so no new construction was required.