bioMETRX, Inc. (fka BTRX)

[hitechwatcher]

Sequiam has no inventory for BMRX to takeover, this was a myth. The only inventory still sits overseas in China and has never been paid for plus only amounts to around $400k if they do pay for it.

Worst part of the takeover is that all the product lines fomerly with Sequiam are shutdown and BMRX does not own those operations so it does not have the molds and tooling to produce any of the former products that Fujitsu and Black and Decker were buying which was 90% of the sales.

The problem with both of these companies Sequiam and BMRX is that both have terrible gross margins and extremely high debt costs. Deal with big box stores unfortunately decimate profit margins and takes along time for volume to make up for it.

Finally, Honeywell and other security companies are about to release remote biometric security products that will operate the home security system, garage doors and locks for homeowners. So a product like the Masterlock biometric garage door opener which you have to get out in the rain to use will be obsolete this year when consumers can just use a remote biometric system from their keychain to open garage doors and activate or deactivate alarms.

Honeywell unlike Sequiam or BMRX is well capitalized to control this market in 2008.