Ok, I will start over and try to regain my confidence in this company. This is my first road block. Please help me overcome it.
David Shade was the CEO of International Biometrics, Inc. That believe that company was sued for fraud in 2008 in California. I got this from a court case filing I found. I do not know the details of the court case. The company has disappeared. Does anyone know anything about that company? Here is a press release from HSCC in 2009 mentioning International Biometrics, Inc.
Homeland Security Corporation Enters Into Potential Merger With GAT Inc.
Potential merger with GPS, wireless and biometrics integration company to be considered
MARKET WIRE
via NewsEdge Corporation
Updated: 02-6-2009 12:19 pm
NEWPORT BEACH, CA - Homeland Security Corporation announced today that the Board of Directors have entered into negotiations with a merger with Global Access Technologies, Inc.
Global Access Technologies, Inc. incorporated in Nevada in 2002, as
International Biometrics, Inc. was formed to integrate computers, Wireless
Communications, GPS, and Biometrics as their core products. Global Access
Technologies, Inc. is a successful and prominent manufacturer and solution
integrator in the "Asset Tracking" industry. With assets of over $5 Million
dollars and 800 existing shareholders. The Company has developed and owns
"Proprietary" software for 3 core GPS tracking units. With "Proprietary"
value estimated at over $15 Million dollars, the company's products have
the capacity to follow when, where, and how an Asset is moved, in "real
time." Latest projections from the government predict a $20 Billion dollar
market in 2006. Its current product mix not only works domestically but
globally in the International markets.
Company Chief Executive Officer, David L. Shade, states, "We are very
excited to enter into the first phase of negotiations to merge with Global
Access Technologies, Inc. This puts us one step closer in becoming a leader
in the expanding GPS Asset tracking market. This potential merger puts us
in a position to capitalize on the expanding markets in the First Quarter
of 2006 and makes Homeland Security Corporation a dominant player in the
'Telemetric' industry."
From what I can tell, International Biometrics, Inc. became Global Access Technologies Inc. sometime between 2002 - 2009 . Either way, I can't find anything on either company...does this mean that David Shade tried to merge with his old company?
