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Investor911, to piggyback on your SDVOSB thoughts…

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stervc Member Level  Wednesday, 10/28/09 12:34:50 PM
Re: investor911 post# 30119
Post # of 79224 
Investor911, to piggyback on your SDVOSB thoughts…

President Barack Obama's upcoming fiscal year budget guarantees $28 billion to support the U.S. Small Business Administration (SBA) for loan guarantees:
http://www.sba.gov/idc/groups/public/documents/sba_homepage/news_release_09-13.pdf

By law, SBA Service Disabled, Veteran Owned Small Businesses (SDVOSB) are entitled to get not less than 3% of that $28 billion from the Federal Government that is going to be allocated from President Obama’s program to support disabled veteran-owned small businesses on a yearly basis as indicated in the link below:
http://www.sba.gov/aboutsba/sbaprograms/goals/SBGR_2006_GOALING_OVERVIEW.html

3% of $28 billion = $840,000,000 DOD Funds Allocated to SDVOSB

From doing my DD, EVRM has the only iris biometric and defense contracting company that has SDVOSB status. This means that EVRM/STS has the exclusive rights for their contracts.

By law, per the U.S. Department of State, it is mandatory that EVRM will receive some contracts as governed by the Veteran's Benefit Act of 2003:
http://www.asdv.org/PNOL/pnolfed.cfm?AutoNum=88
http://www.acq.osd.mil/osbp/policy/pl108-183.pdf

Something that is even larger that I think investors still are not aware of is that under Section 308 of Public Law under the Veteran's Benefit Act of 2003, a Contracting Officer may award sole source contracts to a Service Disabled, Veteran Owned Small Business:
http://www.asdv.org/PNOL/pnolfed.cfm?AutoNum=88

You can also go here under the Library of Congress to read about Section 308:
http://thomas.loc.gov/cgi-bin/bdquery/z?d108:HR02297:@@@L&summ2=m&

That news today is huge and has a lot to say in a very positive manner about the direction I believe EVRM/STS will be heading. This will be proven to the market in my opinion. I think it’s just a matter of time before other investors see what those who are ”pro” EVRM sees in EVRM.

v/r
Sterling


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