MANALAPAN, NJ, Sep 25, 2008 (MARKET WIRE via COMTEX) -- Dynamic Media Holdings, Inc. (PINKSHEETS: DYMH) announced that it is adding a technology division to the company, and in doing so, positioning itself in the biometrics ID Management sector. Dynamic is pleased to announce that it is in the process of completing an agreement with New York-based STS Evermedia Corporation, which was founded by CEO and President Jonathan Sym in 2006.
STS Evermedia Corporation is the parent of Evermedia Biometrics Corporation, which develops iris recognition applications using proprietary, patent-protected biometric technologies. The Company develops highly accurate physical access control and ID management solutions. It holds exclusive worldwide rights to license and develop iris recognition technologies and has two U.S. and four international patents.
The biometrics industry in 2005 generated $1.53 billion and is expected to grow to more than $5.74 billion in annual revenue by 2010, according to industry market research firm International Biometrics Group (IBG). With global and domestic events involving security, homeland defense, political and social issues, the need for highly accurate yet non-invasive individual identification technologies has never been greater.
The acceptance of iris based biometrics as an ID management solution is booming. Below are a few applications currently implemented or under development in various industries. -- Military: Security Access, Enemy Combatant Identification -- Airport Security: Quick Check-in, Passport Validation, Access Control -- Banking: Payment Validation and Authorization -- E-commerce: Online Transaction Validation
About Dynamic Media Holdings, Inc.
Dynamic Media Holdings, Inc. will continue to aggressively expand as it plans to introduce new products to the marketplace. In addition to its media and creative development divisions, the company is executing a strategy of using its core products to springboard and launch a diverse array of ancillary products thereby maximizing its product branding and potential. Visit www.dymholdings.com for more information.
Forward-Looking Statements:
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties, including but not limited to economic, competitive, governmental and technological factors affecting the Company's operations, markets, products and prices and other factors discussed in the Company's various filings with the Securities and Exchange Commission. For more information: Investor Relations Dynamic Media Holdings, Inc. (732) 786-8044 Email: Bruce@dymholdings.com Visit: www.dymholdings.com
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